On Tuesday, AdvisorShares launched the AdvisorShares HVAC and Industrials ETF, the newest fund to join the AdvisorShares fund library.
HVAC is an actively managed thematic fund that looks to provide capital appreciation over the long term. The fund’s net expense ratio currently sits at 89 basis points.
Broadly speaking, the majority of HVAC’s portfolio consists of securities that generate a significant portion of their revenue from the heating, ventilation, and cooling (HVAC) industry. Additionally, the fund may also invest in companies tied to the industrials sector.
To gain exposure to HVAC companies and industrials, the fund may invest in either common stock or American depositary receipts. Furthermore, HVAC may invest in companies of any market cap.
When it comes to picking companies to add to HVAC’s portfolio, the fund’s portfolio team employs a variety of strategies. As a whole, the ETF looks to find companies that are leading the way in the HVAC and industrial market.
However, HVAC also looks for companies that are uniquely positioned to provide growth and value to investors. These determinations are done through a mix of outside analyst reviews and other stock selection tools.
Opportunities for HVAC Investing
“The HVAC industry continues to demonstrate rapid growth and resilience with an established history of outperforming the broader market,” said Noah Hamman, CEO of AdvisorShares. “We believe the HVAC ETF provides a compelling opportunity for investors to access targeted exposure to a sector primed for long-term expansion, driven by increasing construction, energy efficiency trends, and climate resilience—all delivered in a fully transparent and efficient ETF investment vehicle.”
AdvisorShares currently offers a wide variety of ETF strategies for its investors. One of the largest AdvisorShares funds currently on the market is the AdvisorShares Pure US Cannabis ETF (MSOS ). This fund has over $400 million in assets under management.
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