AdvisorShares Plans SectorSAM ETF
Wednesday, 20 April 2011 04:58

AdvisorShares, one of the largest issuers of actively-managed ETFs, has put yet another fund of funds product into an already full pipeline. The proposed Rockledge SectorSAM ETF (SSAM) would seek “to generate stable and consistent annual returns under all market conditions” according to a recent SEC filing.

The fund would utilize both long and short positions in other exchange-traded funds that “offer diversified exposure to U.S. large capitalization sectors,” seemingly referring to usage of the Sector SPDRs or competing products from other issuers. The active ETF would be sub-advised by Brooklyn-based Rockledge Advisors, LLC and Alex Gurvich and Vlad Dimanshteyn would serve as portfolio managers. SSAM would rely on the Sector Scoring and Allocation Model (“SSAM”), a quantitative analytical system designed to forecast excess returns to each sector of the U.S. economy over a specific time period. The SectorSAM ETF would generally invest equal dollar amounts in long and short.

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