AdvisorShares prepares "fund-of-funds" ETF

The AdvisorShares Tactical ETF seeks to provide long-term capital appreciation by investing in a raft of underlying ETFs and ETPs believed to provide exposure to "durable trends" within the market. This "fund-of-funds" will invest primarily in other US-listed ETFs across domestic and foreign equity, fixed income and commodities, although it may also invest in other types of ETPs such as ETNs and closed-end funds. The Tactical ETF's investments will be selected by the fund's sub-advisor using a quantitative tactical asset allocation model. The evaluative quantitative tools specified b...