AdvisorShares Accuvest Global Opportunities ETF sets Thursday launch

By Toni Weeks

San Diego, Jan. 25 - AdvisorShares Investments announced it will launch the AdvisorShares Accuvest Global Opportunities ETF on Thursday, when it begins trading on NYSE under the symbol "ACCU."

The new exchange-traded fund will implement a global country rotation strategy that seeks long-term capital appreciation in excess of global equity benchmarks such as the MSCI All Country World Index.

The fund's investment adviser, Walnut Creek, Calif.-based Accuvest Global Advisors, will use its country ranking model, sorting countries from most to least attractive on a monthly basis based on nearly 40 factors. Single-country ETFs from the five or six highest-ranked countries will then form the portfolio.

"Accuvest's proprietary model methodology seeks to identify countries that are targeted to outperform global indices," Accuvest's chief executive officer and founder Noah Hamman said in a press release. "Their innovative approach to global investing will allow advisers and their clients access to a long-term alternative strategy that seeks to generate alpha above all global benchmarks - all within a transparent and cost-efficient ETF structure."

The fund is Accuvest's second actively managed ETF with AdvisorShares. Accuvest also manages the AdvisorShares Global Long Short ETF, which trades under the symbol "AGLS."

"In an environment where disciplined investors and advisers are searching extensively for alpha, we believe the turmoil in global markets is providing opportunity at a country level," David Garff, Accuvest's president and the co-portfolio manager of the fund, said in the release. "Our benchmark agnostic approach of using the highest-ranked single country ETFs aims to minimize risk during times of extended market moves in one direction or another, allowing ideal exposure to global equities within a broadly diversified portfolio."

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