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One-year-old ETF beats hedge funds, stock market in first year

Reuters – A one-year-old actively managed exchange-traded stock fund has beaten a number of market benchmarks in its first year, including most hedge funds, the ETF sponsor AdvisorShares said on Tuesday.

Through September 30, the TrimTabs Float Shrink ETF gained 35.14 percent since it launched on October 4 last year, beating the benchmark Russell 3000 Index, which rose 32.85 percent over the same period, as well as the S&P 500 index.

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