AdvisorShares continued a busy week on the product development front, following up the launch of three Madrona funds earlier in the week with the debut of the Meidell Tactical Advantage ETF (MATH). The newest actively-managed ETF will be sub-advised by American Wealth Management, and will be structured as an ETF-of-ETFs that invests in other exchange-traded products. MATH will offer exposure to a number of different asset classes, shifting exposure based on the management team’s view of various risk factors. MATH will rely on a quant-based formula build around the concepts of relative strength and moving averages that strives to select asset classes that exhibit characteristics of long-term “durable” trends. The methodology will utilize price-to-velocity metrics in its analysis of various asset classes [read more in the Active ETF Center]. Under The Hood MATH Ranges Foreign Stocks 0% – 50% Large Cap Stocks 0% – 50% Mid Cap Stocks 0% – [...] Click here to read the original article on ETFdb.com. Related Posts: Comparing Three Diversified Portfolio ETFs State Street Plans Active ETFs AdvisorShares Plans Meidell Tactical Advantage ETF (MATH) PowerShares To Reshuffle ETF Indexes Schwab Offers ETF Portfolios