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.
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