AdvisorShares New Tech and Media ETF (FNG) is an actively managed exchange-traded fund that provides concentrated equity exposure to companies driving growth in technology, media, and entertainment sectors; it invests primarily in U.S.-listed equity securities, including common and preferred stocks and American Depositary Receipts (ADRs), of firms operating in information technology, software and services, communication services, and media and entertainment industries. The ETF employs quantitative analysis to construct its portfolio, focusing on growth and value stocks across diversified market capitalizations, with a typical concentration in 26 holdings where the top 10 account for approximately 46.7% of assets. Core holdings emphasize innovative leaders in software, services, and digital media, targeting long-term capital appreciation for investors seeking thematic exposure to modern economic drivers.
Launched on July 11, 2017, the ETF is issued by AdvisorShares Trust and managed by AdvisorShares Investments LLC, a Bethesda, Maryland-based investment management firm founded in 2006 that specializes in actively managed thematic and equity ETFs domiciled in the United States.
The fund operates exclusively in U.S. public equity markets, serving institutional and retail investors interested in technology and media themes as core or satellite holdings within broader portfolios; it carries a net expense ratio of 0.85%, with a management fee of 0.60%.
In recent developments, the ETF has maintained its strategic focus amid a challenging performance environment, posting a year-to-date decline of approximately 33% as of late 2025 while upholding its active management approach to adapt to evolving sector leadership; no major acquisitions, partnerships, funding rounds, or product launches specific to FNG were reported in 2024 or 2025, reflecting stability in its operational structure as part of AdvisorShares' broader lineup of thematic offerings.