AMERICA 6

17/09/2009 An ETF issuer lists Dent Tactical ETF on NYSE Arca

NYSE Euronext (NYX) announced that its wholly-owned subsidiary, NYSE Arca, began trading the..

AdvisorShares Dent Tactical ETF (Ticker: DENT). The ETF is sponsored by AdvisorShares. The Fund is an actively managed “fund of funds,” which means that it seeks to achieve its investment objective – long term growth of capital – by investing primarily in other ETFs and shares of certain exchange-traded products, including but not limited to, exchange-traded notes, exchange-traded currency trusts and exchange-traded commodities pools.

 

The Fund does not seek to replicate the performance of a specified index. H.S. Dent Investment Management, LLC (the “Sub-Advisor”) seeks to achieve the Fund’s investment objective by identifying, through proprietary economic and demographic analysis, the overall trend of the U.S. and global economies, and then implementing investment strategies in asset classes (such as, but not limited to, foreign and domestic equities or fixed income securities) that the Sub-Advisor believes will benefit from these trends.

Source: ETFWorld – NYSE Euronext (NYX)


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