New ETF Features Gerber Kawasaki

This is the firm's first multitheme ETF.

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Reviewed by: Dan Mika
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Edited by: Dan Mika

AdvisorShares launched a new active management firm based on strategies employed by investment firm Gerber Kawasaki, marking the issuer’s 22nd fund and its first multithematic offering.

The AdvisorShares Gerber Kawasaki ETF (GK) began trading Friday, sporting an initial expense ratio of 0.75%. That price tag will rise to 0.81% after a first-year discount expires in July 2022.

GK aims to be composed mainly of growth-oriented U.S. and foreign equities that Gerber Kawasaki believes will take off based on global macroeconomic or thematic trends. The California-based wealth advisory firm claims more than $2 billion in assets under its management.

Upon its launch, GK’s largest holdings are ETFs. The largest position it has is in the AdvisorShares Pure US Cannabis ETF (MSOS) at a 5.13% weight, followed by the GlobalX Lithium & Battery Tech ETF (LIT) at 4.95%. The rest of its holdings with more than a 3% weight include large cap stocks like Tesla, Nvidia, MGM, Disney, Microsoft and homebuilder Lennar.

 

(Use our stock finder tool to find an ETF’s allocation to a certain stock.)

 

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Dan Mika is a reporter for etf.com. He has previously covered business for the Ames Tribune and Cedar Rapids Gazette in Iowa, and BizWest Media in Fort Collins, Colorado. Dan holds a bachelor's degree in journalism from Truman State University.