FNG - AdvisorShares Launches New Active ETF Focused on Cloud Digital Ledger and Blockchain Technologies
BETHESDA, Md., Feb. 6, 2019 /PRNewswire/ -- AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), announced that the AdvisorShares Sabretooth ETF (Ticker: BKCH) will begin trading on February 7, 2019. BKCH is managed by Sabretooth Advisors, a firm with deep expertise rooted in the ETF and capital market industries. Sabretooth also sub-advises the FNG)" rel="nofollow">AdvisorShares New Tech and Media ETF (Ticker: FNG).
The investment thesis for BKCH holds that companies utilizing cloud computing and digital companies implementing emerging technology like blockchain can realize increased profitability and appreciation in stock prices over an extended time horizon. BKCH invests in U.S.-listed equities and American depositary receipts (ADRs) of such digital and cloud companies. The portfolio manager believes these areas represent the future of technological record-keeping and information exchanging which can deliver a durable investment theme for growth equity opportunities and long-term performance. For more information on BKCH's investment process and portfolio holdings, visit etf.as/BKCH-info.
About AdvisorShares
AdvisorShares is a leading provider of active ETFs. For financial professionals and investors requesting more information, call 1-877-843-3831 or visit advisorshares.com. Follow @AdvisorShares on Twitter and on Facebook for more insights.
Before investing you should carefully consider the Funds' investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained by visiting the Funds' website at www.AdvisorShares.com. Please read the prospectus carefully before you invest.
Foreside Fund Services, LLC, distributor.
Investing involves risk including possible loss of principal. Computer software/services companies can be significantly affected by competitive pressures, aggressive pricing, technological developments, changing domestic demand, the ability to attract and retain skilled employees and availability and price of components. Many computer software/services companies rely on a combination of patents, copyrights, trademarks and trade secret laws to establish and protect their proprietary rights in their products and technologies. There can be no assurance that the steps taken by computer software/services companies to protect their proprietary rights will be adequate to prevent misappropriation of their technology or that competitors will not independently develop technologies that are substantially equivalent or superior to such companies' technology. Stocks of technology companies and companies that rely heavily on technology, especially those of smaller, less-seasoned companies, tend to be more volatile than the overall market. Additionally, companies in the technology sector may face dramatic and often unpredictable changes in growth rates and competition for the services of qualified personnel. For other risks specific to the fund please read the prospectus.
Shares are bought and sold at market price (closing price) NAV and are not individually redeemed from the Fund. Market price returns are based on the midpoint of the bid/ask spread at 4:00 pm Eastern Time (when NAV is normally determined) and do not represent the return you would receive if you traded at other times.
SOURCE AdvisorShares