Posted by advisorsharesinvestments on Apr 1, 2016 in ETF Strategist, Featured, Investment Perspective
By Roger Nusbaum, AdvisorShares ETF Strategist Quite a few years ago a blogger wrote an April Fools post about 100X levered ETFs. It was pretty good and fooled quite a few people. I tried to find it but had no luck. I thought about writing a jokey post announcing some sort of outlandish suite of ETFs. We’ve kicked this sort of spoof around as maybe an ETF that of stocks that start with the L or companies east (or west) of the Mississippi. You get the idea but a jokey post like that is getting harder to do. There have been a couple of different runs at single...
Posted by advisorsharesinvestments on Mar 31, 2016 in Featured, Market Insight, Peritus Asset Management
By Heather Rupp, CFA, Director of Communications and Research Analyst for Peritus Asset Management, Sub-Advisor of the AdvisorShares Peritus High Yield ETF (NYSE Arca: HYLD) As we start to see the high yield market gain some footing, it is important to note the improved market technicals, mainly fund flows and primary market issuance. For the week ending March 16th, we saw high yield retail funds take in another $1.7bil, making it the fifth consecutive week of inflows.1 Over the last five weeks we have seen $11.2bil enter the asset class. This well reverses the negative inflows that we had seen through the first six weeks of the...
Posted by advisorsharesinvestments on Mar 31, 2016 in Market Insight, Peritus Asset Management
By Heather Rupp, CFA, Director of Communications and Research Analyst for Peritus Asset Management, Sub-Advisor of the AdvisorShares Peritus High Yield ETF (NYSE Arca: HYLD) We’ve written about this topic before but feel it is worth revising given some of the rhetoric we hear by the financial pundits today as they discuss “risky” securities. Some seem to classify high yield bonds as “risky” but don’t seem to account for the risk inherent in equity investing as well. As we have discussed before, we believe there are a few important factors to consider when evaluating “risk” in high yield bonds versus equities. Ratings High yield bonds are classified as...
Posted by advisorsharesinvestments on Mar 29, 2016 in Commerce Asset Management, Featured, Market Insight
By Kyle Vogel, Head Trader and Senior Investment Analyst at Commerce Asset Management, Sub-Advisor of the AdvisorShares QAM Equity Hedge ETF (NYSE Arca: QEH) A small but humorous riff hidden within the many episodes of Seinfeld involves the titular character’s father learning that he was owed $50 over 53 years ago. The penny-pinching retiree then wonders what he could have done with that $50 payday: “Do you know what the interest on that fifty dollars comes to over fifty- three years? Six hundred and sixty-three dollars and forty-five cents. And that’s figuring conservatively at five percent interest, over fifty-three years, compounded quarterly. Or, if you put it into...
Posted by advisorsharesinvestments on Mar 29, 2016 in Dennis Gartman, Market Insight
March 29, 2016 Dennis Gartman is editor and publisher of The Gartman Letter, and strategic advisor of the AdvisorShares Gartman Currency Hedged Gold ETFs (GEUR & GYEN). He regularly contributes to AlphaBaskets and lends his institutional insight to educate advisors and investors about commodities and the forex markets, including about trading gold in different currency terms. There is talk that Japanese Prime Minister Abe is already considering doing away with the consumption tax increase that is set to go into effect one year hence. The tax was increased in ’14 from 5% to 8% and that caused the Japanese economy into a modest but very real recession, and...
Posted by advisorsharesinvestments on Mar 29, 2016 in Active ETF Reports, ETF Strategist, Featured
Assets in actively managed ETFs contracted by $103 million, or 41 basis points, to $24.721 billion. As opposed to being dominated by one fund provider or strategy the outflows were balanced. PIMCO saw the largest net outflow at $44 million. First Trust had positive fund flows of $18 million, but a net decline of $26 million due to unfavorable market conditions, and iShares shed $20 million. State Street had the largest net gain with a modest $26 million. At the Strategy level, Short Term Bond contracted by $83 million followed by a $28 million decline for Global Bond. High Yield had a net gain of $25 million and Alternative...
Posted by advisorsharesinvestments on Mar 28, 2016 in Laif Meidell, Macro Update
Please listen to this week’s Macro Update from Laif Meidell, President of American Wealth Management and Portfolio Manager of the AdvisorShares Meidell Tactical Advantage ETF (NYSE Arca: MATH) and the AdvisorShares Market Adaptive Unconstrained Income ETF (NASDAQ: MAUI). ...
Posted by advisorsharesinvestments on Mar 28, 2016 in ETF Strategist, Market Insight
Highlights of the Prior Week Markets Confront Terror & Tragedy Macro Good Friday is sort of a strange holiday as apparently the only thing that is closed is the stock market which means there was economic data on Friday as the final print for Q4 GDP was revised up to 1.4%. Upward revisions are a good thing but that the headline reads up to 1.4% doesn’t quite feel like a win. Durable goods fell 2.8% month over month. Dennis Gartman noted the extreme volatility in this data series and concluded that smoothing out this stat gives an average that is consistent with GDP growth carrying a one-handle. Of course...
Posted by advisorsharesinvestments on Mar 24, 2016 in Market Insight, Morgan Creek
Note the rescheduled NEW DATE: Please join Mark Yusko, CEO and CIO of Morgan Creek Capital Management and Portfolio Manager of the AdvisorShares Morgan Creek Global Tactical ETF (GTAA), on Tuesday, March 24th at 1:00pm EST/10am PST for Morgan Creek’s latest session of the Around the World with Yusko webinar series. Be sure to attend this upcoming webinar titled, Around the World with Yusko: FANG Bites: Welcome to #2000.2.0. Viewers may, and are encouraged to, submit questions during the event. If you would like to register for the webinar, please click...
