AdvisorShares, the Bethesda, MD-based exchange-traded fund sponsor known for its range of actively managed products, entered the ultra-low duration space of the fixed-income market through the launch of Sage Core Reserves ETF (HOLD) recently. Sub-advised by Texas-based independent investment management firm Sage Advisory, the fund seeks to preserve capital while maximizing income. 2013 turned out to be a bad year …
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