LETB: Inaugural Portfolio Review
Welcome to the inaugural manager commentary for the newly launched AdvisorShares Let Bob AI Powered Momentum ETF (LETB).
We are excited to introduce an alternative to the equity allocation you provide for your clients or your own investment portfolios. My name is Anthony Buchanan, the Portfolio Strategist for LETB. Below is a brief description on the how LETB will invest, as it is an artificial intelligence (AI), technical & quantitative driven strategy you will notice that the portfolio will be starting with a large allocation to cash. This is due to how our investment process works, our systematic investment approach starts on our launch date, February 8th. As the market moves on February 8th and February 9thour investment engine, Let Bob, will start reviewing the universe of domestic equities and based on sentiment momentum and technical momentum investment strategy will start deploying capital.
In the investment management industry, technology, automation, and access to unique data are some key drivers for success in portfolio management. The AdvisorShares Let Bob AI Momentum ETF (LETB) incorporates these drivers into its investment strategy, analyzing a unique blend of fundamental data including companies expected to exceed earnings estimates, digital sentiment, and strong technical price momentum. LETB’s proprietary analysis results in a portfolio of select stocks the advisor believes will outperform. In addition to the goal of adding alpha though stock selection, LETB also monitors overall market conditions and can lower equity exposure or move to cash for additional risk management in downward trending markets.
More about the strategy can be found here.
We look forward to connecting with you in the near future, stay tuned for am upcoming Alpha Nooner and broader webinar — you can find the schedule of events on the AdvisorShares Events web page.