Active ETF Blitz: AdvisorShares Debuts Three Madrona ETFs

AdvisorShares continued the expansion of its suite of actively-managed ETFs this week, rolling out three products that will be sub-advised by Madrona Funds. Madrona is a relatively new asset management firm that believes simple index funds may not provide the optimal approach to investing in U.S. equities. The new Madrona products include an international equity ETF, domestic stock fund, and global bond ETF. Madrona Forward Domestic ETF (FWDD) This active ETF will seek to provide long-term capital appreciation in excess of the S&P 500 Index. The underlying portfolio will consist of up to 500 large cap U.S. stocks, weighted according to a unique methodology. The allocations to individual stocks will be based on consensus analyst estimates of the present value of future expected earnings relative to the share price of each security. As such, FWDD represents another alternative to market capitalization-weighting methodologies that have come under increased scrutiny in recent [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts