AdvisorShares May List Business Cycle ETF (DBIZ, HDGE, HYLD)

AdvisorShares, the Maryland-based ETF issuer known primarily for its lineup of actively managed and specialty funds, has filed plans with the Securities and Exchange Commission to possibly introduce the AdvisorShares Pring Turner Dow Jones Business Cycle.

The fund will trade on the New York Stock Exchange under the ticker "DBIZ" although the filing did not include a possible expense ratio.

DBIZ will invest in three major asset classes – stocks, bonds and commodities. The bonds included in the fund will be corporate bonds rate BBB or higher.

Utilizing its proprietary business cycle research, Pring Turner Capital Group (the “Sub-Advisor”) proactively changes the Fund's asset allocation and sector emphasis in seeking to minimize the Fund's portfolio risk and to optimize portfolio returns throughout the business cycle. The Sub-Advisor will invest the Fund's portfolio in securities that provide diversified exposure to the three primary asset classes (i.e., stocks, bonds and commodities) across a wide range of economic sectors, according to the filing.

DBIZ certainly won't be the first asset allocation ETF on the market. That trail has been blazed by funds such as the PowerShares RiverFront Tactical Growth & Income Portfolio (NYSE: PCA) and the iShares S&P Conservative Allocation ETF (NYSE: AOK), among others.

AdvisorShares has 14 actively managed funds with $483 million in assets under management. Among the firm's more popular funds are the Active Bear ETF (NYSE: HDGE) and the Peritus High Yield ETF (NYSE: HYLD).