insight, analysis and portfolio planning tools, will be acting as advisor for the Dent Tactical ETF (DENT), an exchange-traded fund recently launched by economic forecaster Harry Dent.
Dent’s research and fund firm, HS Dent Investment Management, will be acting as subadvisor for the new ETF.
The Dent Tactical ETF, expected to begin trading Wednesday on NYSE Arca, will be an actively managed fund that invests in other funds based on economic and demographic analysis. Dent has long focused on predictable consumer spending patterns as well as financial markets to recognize future demographic and economic trends. By doing so it is Dent’s belief that it can accurately predict financial growth in specific investments.
AdvisorShares Investments, founded by Noah Hamman in 1988, announced in March they had established a strategic relationship with the HS Dent organization and its founder, Harry Dent. In addition to the Dent Tactical ETF, AdvisorShares has also registered two other actively traded ETFs.
Addressing the goals of its subsidiary, Fund.com CEO Greg Webster stated, “The focus of AdvisorShares is the investment advisor community. Our proprietary platform is designed to grow their assets under management and grow their revenues. Our AdvisorShares subsidiary offers a unique opportunity for a manager to launch its own fund on a major stock exchange and to retain their discretionary allocation authority that their clients expect, as well as attain the visibility and credibility to attract additional new clients.”
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