 The
AdvisorShares Vice ETF is an exchange-traded fund that seeks to
provide exposure to companies involved in the alcohol, tobacco, and
cannabis industries, as well as companies involved in the defense
industry. The fund is managed by AdvisorShares, an investment
management company that specializes in actively managed ETFs.
As of September 2021, the VICE ETF had a net asset value of
approximately $26 million and held over 50 individual stocks. The
fund's portfolio is comprised of companies that derive a significant
portion of their revenue from the production, distribution, or sale of
alcohol, tobacco, cannabis, or defense-related products and services.
The VICE ETF is designed to provide investors with exposure to
these controversial industries, which may have the potential to
provide high returns, but also carry unique risks and challenges. For
example, the alcohol and tobacco industries are heavily regulated and
subject to changing consumer preferences, while the cannabis industry
is still in its early stages and subject to legal and regulatory
uncertainty. The defense industry is also subject to political and
geopolitical risks.
The expense ratio for the VICE ETF is
0.75%, which is relatively high compared to some other ETFs. This may
make the VICE ETF less attractive to investors seeking low-cost
exposure to the alcohol, tobacco, cannabis, and defense industries.
Overall, the AdvisorShares Vice ETF may be a suitable investment
for investors seeking exposure to these controversial industries, but
it is important to consider the unique risks and challenges of these
sectors, as well as the relatively high expense ratio of the fund.
Investors should also conduct their own research and consider their
investment goals and risk tolerance before investing in the fund.
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