ETF Watch: AdvisorShares Plans ‘Focused Equity’ Fund

Active ETF will target narrow portfolio of U.S.-listed equities.
Reviewed by: Staff
Edited by: Staff

AdvisorShares has filed for an actively managed ETF that will look to hold a low-turnover portfolio of U.S.-listed securities falling primarily into the large- and midcap segments. The AdvisorShares Focused Equity ETF (CWS) will be managed in-house and aim for an average holding period for individual stocks of at least one year, the prospectus said.

CWS will focus on high-quality securities with sound fundamentals and a consistent track record when it comes to financial results and earnings. The prospectus notes multiple strategies open to the fund, including targeting out-of-favor stocks and growth opportunities, as well as targeting companies that are leading their respective industries or that have grown earnings and dividends for multiple years.

However, according to the prospectus, the fund’s primary strategy will be investing in the “Buy List” published at, a portfolio of 20 stocks that is only adjusted annually.

The portfolio can include American depositary receipts and preferred stocks, as well as common stocks.

The filing indicated that the fund will list on the NYSE Arca, with an expense ratio of 0.75%.

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