AdvisorShares Launches New ETF

AdvisorShares Investments, a sponsor of actively managed exchange-traded funds (ETFs), has released the Meidell Tactical Advantage ETF, or "MATH". 

MATH is managed by American Wealth Management of Reno, Nevada. The fund offers advisers a broadly diversified portfolio that measures the velocity of change in value across asset classes to find the best risk-adjusted returns. The announcement stated that MATH’s quantitative tactical methodology seeks ETFs participating in long-term durable trends.  

“We feel investors are seeking a professionally managed tactical strategy like MATH which enables the portfolio manager to evaluate, rank and select the mix of investments in given market conditions while remaining objective and unemotional,” said Noah Hamman, CEO and Founder of AdvisorShares. “We’re proud to add the Meidell Tactical Advantage ETF to our growing stable of unique ETFs.”