AdvisorShares Introduces 3 Madrona Funds ETFs

AdvisorShares, one the of the leading issuers of actively-managed ETFs, introduced three new ETFs today bringing its lineup to nine funds. The new ETFs are the AdvisorShares Madrona Forward Domestic ETF

, the AdvisorShares Madrona Forward International ETF

and the AdvisorShares Madrona Forward Global Bond ETF

. The Madrona Forward Global Bond Fund is the first broadly diversified global multi-sector bond ETF that uses forward-looking yield curve analysis to reallocate across the targeted global bond sectors, according to a statement issued by AdvisorShares. The Domestic and International funds offer investors a broadly diversified forward-looking allocation strategy based on analyst consensus estimates of the present value of future projected earnings relative to the price of each security, the firm said. Maryland-based AdvisorShares said it had $300 million in assets under management as of June 20.