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 FWDD, the AdvisorShares Madrona Forward International ETF FWDI and the AdvisorShares Madrona Forward Global Bond ETF FWDB. 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.