AdvisorShares has partnered up with Sabretooth Advisors, again, to launch an actively managed exchange traded fund strategy that will cover the growing industry of cloud computing and emerging technologies like blockchain.
On Thursday, AdvisorShares and Sabretooth will roll out the AdvisorShares Sabretooth ETF (NYSEArca: BKCH), which comes with a 0.85% expense ratio.
Scott Freeze, chief investment officer at Sabretooth Advisors, will manage the new active ETF. Sabretooth is also the manager behind the AdvisorShares New Tech and Media ETF (NYSEArca: FNG), which tracks technology and media companies, including innovative and fast-growing technologies such as social media companies and internet retail companies.
The AdvisorShares Sabretooth ETF will try to generate long-term capital appreciation by investing in companies involved with cloud technologies, according to the fund’s prospectus.