New ETF Features Gerber Kawasaki

July 02, 2021

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.)

 

Contact Dan Mika at [email protected], and follow him on Twitter

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