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Posted by on Jun 21, 2013 in AdvisorShares, Market Insight

AdvisorShares Weekly Market Review

AdvisorShares Weekly Market Review

Highlights of the Prior week For the week of June 10 – June 14 Stock Markets The major indexes finished lower after experienced another volatile week.  While no major statements came out of the Federal Reserve, speculation about what the Fed chairman might after say its next meeting ends on June 19 drove a lot of market price movements early in the week.  Worries that the Fed was close to ending its aggressive bond buying program, drove markets lower on Tuesday and Wednesday.  On Thursday, markets rallied after jobless claims fell to 334,000 and May retail sales rose 0.6%.  In addition, auto sales rose 1.8% making it the largest gain since November 2012.  While these data points may convince the Fed that it can safely scale back its aggressive monetary policy, investors seemed to now be favoring good economic numbers over news that will cause the Fed to keep its foot on the gas.  On Friday, markets reacted negatively when the Thomson Reuters/University of Michigan consumer sentiment index fell...

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Posted by on Jun 21, 2013 in AdvisorShares, Investment Perspective, TrimTabs

June 2013 Float Shrink Review

June 2013 Float Shrink Review

By:  Minyi Chen, CFA, Portfolio Manager of AdvisorShares TrimTabs Float Shrink ETF (TTFS) Sharing some commentary from our friends at TrimTabs, which summarizes a few changes in the investment landscape that may give you an indication of what to expect following May’s “sell in May and go away” trading adage. TrimTabs research focuses on fund flows and float shrink.  They believe the market is heavily influenced by what people and institutions are doing with their dollars.  You can read more about the research behind float shrink at AdvisorShares.com. The S&P 500 Index rose 2.10% in May 2013, its seventh consecutive monthly gain.  While “sell in May and go away” has not worked well so far this year, what should investors expect for June?  We do not try to do short-term market timing at TrimTabs, but historical data helps put the situation into perspective.  Since 1950, the S&P 500 Index has risen in seven consecutive months 14 times, or roughly once every 4.5 years.  Eight-month rallies occurred eight times (the...

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Posted by on Jun 21, 2013 in AdvisorShares, Investment Perspective

The Global Insider

The Global Insider

Country Focus: Turkey By:  David Allen, Portfolio Manager of AdvisorShares Accuvest Global Opportunities ETF (ACCU) & AdvisorShares Accuvest Global Long Short ETF (AGLS) As the antigovernment protests in Turkey continue, what’s next economically for a country that relies heavily on foreign investors and tourism, especially with summer approaching, the traditional tourist high season? Accuvest Global Advisors, a firm founded on the principle of thinking globally and investing globally, has prepared the following focused country review on Turkey, which analyzes current risks with Turkey and potential next steps in the crisis. The Market In United States Dollar (USD) terms, the MSCI Turkey Index has lost -22.10% since May 8, 2013.  The index has lost 8.70% year-to-date, and remains up 28.40% over the last 12 months. The Story The Turkish protests were sparked by an initiative of the country’s political leadership, the AKP – Justice and Development Party of Turkey, to re-develop one of the last and only green space parks of Istanbul, Taksim Square, into a mall/opera-house/park.  The Turkish police...

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Posted by on Jun 19, 2013 in Active ETF Reports

AdvisorShares Active ETF Market Share Update – Week Ending 6/14/2013

AdvisorShares Active ETF Market Share Update – Week Ending 6/14/2013

Total AUM in all active ETFs fell from $14.552 billion to $14.416 billion over the course of the week.  Just like the previous week, ETFs with longer term fixed income investments are facing redemptions, while “Short-Term Bond” ETFs are rapidly expanding their asset base.  AUM for active ETFs in the “Global Bond” category fell below the $5 billion dollar level.  Money continued to leave active ETFs in the “Foreign Bond” and “Currency” categories, as investors are becoming increasingly bullish on the US dollar and increasingly bearish on emerging markets.  “Alternative Income” active ETFs are continuing to gain assets as are certain “US Equity” active ETFs that focus on equities that return the most cash to shareholders. To subscribe to our full monthly report, please register at www.advisorshares.com (note the full report is only available to financial professionals).  There are risks involved with investing in ETFs including possible loss of money. Shares are actively managed and are subject to risk similar to stocks, including those related to short selling and...

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Posted by on Jun 19, 2013 in AdvisorShares, Investment Perspective, TrimTabs

Every Major Asset Class In The World Is Overpriced

Every Major Asset Class In The World Is Overpriced

By:  Minyi Chen, CFA, Portfolio Manager of AdvisorShares TrimTabs Float Shrink ETF (TTFS) TrimTabs Asset Management, 40 Wall Street, 28th Floor, New York, NY 10005, www.trimtabs.com We wanted to share a part of a report that TrimTabs sent out over last weekend that received some attention on CNBC on June 10, 2013.  Please let us know if you would like to receive a full copy of the report. TrimTabs research focuses on fund flows and float shrink.  As you know, they believe the market is heavily influenced by what people and institutions are doing with their dollars.  You can read more about the research behind float shrink at AdvisorShares.com. – Demand Indicators Somewhat Bearish for Short Term and More Encouraging for Longer Term.  Market Volatility Puts Modest Damper on New Stock Offerings. – Bond Fund Flows Decline for Five Consecutive Months, and Bond Funds Lose $7.3 Billion since Start of May 2013 as Yields Rise Sharply. – No Sign of Pickup in Lackluster U.S. Economic Growth, and Manufacturing Sector...

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Posted by on Jun 14, 2013 in Active ETF Reports

AdvisorShares Active ETF Market Share Update – Week Ending 6/7/2013

AdvisorShares Active ETF Market Share Update – Week Ending 6/7/2013

So far this month, money has flown into short-term bond active ETFs and funds in the alternative income category.  There has also been a shift out of funds investing in longer-term bonds and emerging market debt, probably in response to rising interest rates and a strengthening US dollar.  There was also a big increase in the smallest category of sustainable active ETFs, which is comprised of funds investing in companies that make efforts to improve their impact on the environment. To subscribe to our full monthly report, please register at www.advisorshares.com (note the full report is only available to financial professionals). There are risks involved with investing in ETFs including possible loss of money. Shares are actively managed and are subject to risk similar to stocks, including those related to short selling and margin maintenance. Ordinary brokerage commissions apply. Shares are not individually redeemable and owners of the shares may acquire those shares from the Funds and tender those shares for redemption to the Funds in Creation Unit aggregations...

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