AdvisorShares FolioBeyond Smart Core Bond ETF (FWDB)
AdvisorShares FolioBeyond Smart Core Bond ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Bethesda, MD, US. The stock last traded at $25.78, down 0.04% on the session, giving a market capitalisation of $5.4M. Its beta of 0.44 implies it has historically moved less than the broad market.
This investment vehicle aims to surpass the price and yield returns of its benchmark, the Bloomberg Barclays U.S. Aggregate Bond Index. To achieve this objective, the Sub-Advisor actively manages a portfolio of fixed-income exchange-traded funds (ETFs) and a range of other exchange-traded products (ETPs), which may include exchange-traded notes (ETNs), currency trusts, and commodity pools. The Advisor strategically selects these investments from a pool encompassing over 20 distinct global bond classes, such as treasury, municipal, investment-grade corporate, and high-yield U.S. corporate bonds.
AdvisorShares FolioBeyond Smart Core Bond ETF is most often compared with the following Financial Services names: