FYI: AdvisorShares is doing a wholesale makeover of one of its equity exchange-traded funds that entails a new investment mandate and a new sub-advisor.
The Bethesda, Md.-based provider of actively managed ETFs announced late Wednesday that as of October 11 it’s changing the name of the AdvisorShares Wilshire Buyback ETF (TTFS) to the AdvisorShares DoubleLine Value Equity ETF (DBLV). As part of the switch, DoubleLine Equity LP replaces Wilshire Associates as the fund’s sub-advisor.
Regards,
Ted
https://www.fa-mag.com/news/doubleline-replaces-wilshire-as-sub-advisor-at-revamped-advisorshares-etf-41305.html?print
