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AdvisorShares Plans Rockledge Sector ETF

AdvisorShares is planning to launch a fund-of-funds ETF.

AdvisorShares is planning to launch a fund-of-funds ETF, Index Universe reports. The Rockledge SectorSAM ETF will invest in other ETFs targeting specific U.S. large-capitalization sectors.

The vehicle will have a strategy screening for sectors expected to outperform the broad stock market as measured by the S&P 500 Index. Rockledge Advisors will subadvise the fund, which will be listed on the NYSE Arca, adds ETF Daily.

Click here for the story from Index Universe.

Click here for the additional coverage from ETF Daily.

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