ETF Pipeline: AdvisorShares, Accuvest Team Up on Global ETF
Thursday, 12 May 2011 00:07

Momentum continues to build behind actively-managed ETFs, as one of the most successful issuers of these products has stuffed yet another offering into an already full pipeline of ETF ideas. In a recent SEC filing, AdvisorShares detailed plans for the Accuvest Global Opportunities ETF (ACCU), which would be sub-advised by Accuvest Global Advisors. The proposed fund would seek long-term capital appreciation in excess of global equity benchmarks such as the MSCI All Country World Index.

 ACCU would be structured as an “ETF-of-ETFs,” investing primarily in other exchange-traded products to accomplish its objectives. According to the filing, Accuvest ranks countries on a monthly basis using a proprietary country ranking model in order to determine their relative attractiveness. Using ETFs that offer exposure to the most attractive countries, ACCU will be constructed with five or six country ETFs that offer targeted exposure. Noting that the proposed fund would be “benchmark agnostic,” the [...]

 

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