The funds will be asset allocation ETFs, with underlying ETFs that will be allocated as the manager sees fit–effectively active management of a suite of ETFs. The ETFs will be managed by AdvisorShares, a startup launched by Noah Hamman, a former executive at Rydex Investments.
The filing is for two ETFs, the Sector Allocation Fund and Country Allocation Fund. The funds will be managed by a subadvisor, though neither subadvisors nor fees are listed in the filing.
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