Fund.com Inc. (FNDM) is a company that could revolutionize the ETF industry by seeking to establish a series of proprietary ETFs that are actively managed!
Through FNDM's 60% owned AdvisorShares Investments, LLC, FNDM has already launched its first actively managed ETF, Dent Tactical (DENT). DENT seeks long term growth of capital by identifying, through proprietary economic and demographic analysis, the overall trend of the U.S. and global economies and how consumer spending patterns may change based on this analysis.
DENT is actively managed by legendary fund manager Harry S. Dent who has previously raised and managed a $1.7 billion dollar mutual fund and is a New York Times best selling financial author.
FNDM is expected to soon launch its second ETF through AdvisorShares Investments, LLC, called the WCM/BNY Mellon Focused Growth ADR ETF (AADR). AADR will invest in international American Depositary Receipts or ADRs.
FNDM's 60% owned AdvisorShares Investments, LLC, will be launching AADR in partnership with BNY Mellon, one of the world's leading financial institutions with more than $966 billion in assets under management as of Dec. 10.
FNDM's CEO Gregory Webster was previously President and CEO of HSBC Brokerage (USA) Inc., one of the largest banks in the world, where he was responsible for approximately $32.5 billion of client assets!
The CEO of FNDM's 60% owned AdvisorShares Investments, LLC, Noah Hamman, is the former Head of Product Development for Rydex Securities, which sold to Security Benefits for $776 million. He was also a managing director at Fidelity, and has launched 40 ETFs.
I was at the forefront of the ETF boom when I made WisdomTree Investments Inc (WSDT)my pick on December 1st, 2004 at $0.79, which later went on to hit a high of $9.94 for a gain of 1,158%. In 2004 when I picked WSDT, almost nobody knew what an ETF was, but I predicted they would become huge. Just this month, the ETF industry crossed the $1 trillion mark!
Now I believe FNDM could become the next company to revolutionize the ETF industry by introducing actively managed ETFs!
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