Direxion Launches Three 2X Shares; AdvisorShares Debuts Active Dividend Fund

By: ETFdb
This week, Wall Street digested the latest U.S. GDP data, which came in at a seasonally adjusted annual rate of 4.0% in the second quarter. For the first half of 2014, the economy managed to eke out positive growth, expanding at a 0.9% pace [see How Well Do Defensive ETFs Actually Work?]. On the earnings front, Lorillard, Phillips 66, Waste Management, Reynolds American, and UPS reported worse-than-expected results, while American Express, Pfizer and Merck managed to beat analyst expectations. In ETF news, Direxion launched three new 2x bull funds, while AdvisorShares rolled out its new actively managed dividend fund. Behavioral Finance Behind New Dividend ETF AdvisorShares debuted its Athena High Dividend ETF (DIVI), which is actively managed by AthenaInvest Advisors, LLC. The managers use a behavioral finance approach to identifying securities for DIVI’s portfolio. Stocks are screened and selected using the Portfolio Manager’s patented research. The research measures behavioral factors of active equity fund […] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
This week, Wall Street digested the latest U.S. GDP data, which came in at a seasonally adjusted annual rate of 4.0% in the second quarter. For the first half of 2014, the economy managed to eke out positive growth, expanding at a 0.9% pace [see How Well Do Defensive ETFs Actually Work?]. On the earnings front, Lorillard, Phillips 66, Waste Management, Reynolds American, and UPS reported worse-than-expected results, while American Express, Pfizer and Merck managed to beat analyst expectations. In ETF news, Direxion launched three new 2x bull funds, while AdvisorShares rolled out its new actively managed dividend fund.  Behavioral Finance Behind New Dividend ETF AdvisorShares debuted its Athena High Dividend ETF (DIVI), which is actively managed by AthenaInvest Advisors, LLC. The managers use a behavioral finance approach to identifying securities for DIVI’s portfolio. Stocks are screened and selected using the Portfolio Manager’s patented research. The research measures behavioral factors of active equity fund […]

Click here to read the original article on ETFdb.com.

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