ETF Daily News
Harry’s Dented ETF To Shut Down
May 23, 2012
Lackluster performance help sealed the doomed fate of the actively managed AdvisorShares Dent Tactical ETF (NYSEArca: DENT), which will be folded into another active fund marketed by Bethesda, Md.-based AdvisorShares, according to a blog post on Barron’s.
The fund, guided by the strategy of investing guru Harry Dent, will change its management as of June 2, and will become part of the AdvisorShares Meidell Tactical Advantage ETF (NYSEArca: MATH) as of Sept. 7, reports Barron’s.
Since its introduction to the market in 2009, DENT has gathered $6.7 million in assets and has fallen 4.9 percent at the time of writing, Barron’s blogger Brendan Conway wrote.
For more information, visit Barrons.com.
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