A New ETF Combines Blockchain, Cloud and Other Technologies

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NexChange
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Cloud computing shape showing a set of icons with symbols of services, activities and applications connecting planet Earth, floating in the outer space, surrounded by a complex network of glowing nodes linked by bright lines, extending in the deep blue space around the globe. Smart world for a global business: communication technology connecting everything through cloud computing and the Internet of Things. Dark blue background.

AdvisorShares, one of the largest issuers of actively managed exchange traded funds, is adding to its lineup with the debut of the AdvisorShares Sabretooth ETF (NASDAQ: BKCH).

The new ETF will invest in companies with exposure to blockchain and cloud computing, two of the fastest-growing corners of the technology sector.

What Happened

BKCH’s investment thesis “holds that companies utilizing cloud computing and digital companies that implement emerging technology like blockchain may realize increased profitability and appreciation in stock prices over an extended time horizon,” according to AdvisorShares.

The new ETF is sub-advised by Sabretooth Advisors. Sabretooth Advisors and AdvisorShares also partner on the AdvisorShares New Tech …

Read the full story at Benzinga.

Photo: Getty iStock