November 11, 2010 11:45 ET
AdvisorShares Raises Over $100 Million in Assets Under Management
BETHESDA, MD--(Marketwire - November 11, 2010) - AdvisorShares Investments, LLC, an innovator of actively managed Exchange Traded Funds (ETFs), announced today that it passed $100 million in assets under management.
The largest ETF in the AdvisorShares family is the AdvisorShares Mars Hill Global Relative Value ETF (NYSE: GRV), the industry's first long/short ETF, which in four months has grown to over $42 million in assets. The AdvisorShares line-up consists of a few other firsts: The AdvisorShares Dent Tactical ETF (NYSE: DENT) was the first actively managed ETF of ETFs, and the AdvisorShares WCM/BNY Mellon Focused Growth ADR ETF (NYSE: AADR) was the first international actively managed ETF.
The newest ETF in the AdvisorShares family is the AdvisorShares Cambria Global Tactical ETF (NYSE: GTAA), an ETF managed by Mebane Faber and Eric Richardson, co-authors of the popular book, 'The Ivy Portfolio' which has raised over $40 million in assets in just two weeks of being available for investment.
"We are pleased to be positioned with a unique line-up of actively managed investment strategies. The financial advisor community we serve has expressed high interest in transparency and the need for tax efficiency for their client base, all attributes that our product suite contains," stated Noah Hamman, CEO and Founder of AdvisorShares.
"$100 Million in assets under management is no small feat in today's market environment and further validates the experienced money managers of our products and the story of the benefits that the ETF structure can bring to shareholders. We strive to educate the advisor community and will continue to bring value added investment strategies and educational approaches to the marketplace," he added.
Eric Shore, a financial advisor with Shore Wealth Management said, "I use ETFs for my clients but am also a believer in active management and appreciate what AdvisorShares is doing with the ETF structure to marry the two concepts. AdvisorShares' products allow me to better diversify not only across asset classes, but across portfolio managers as well by way of a ticker symbol traded on an exchange."
To request more information on AdvisorShares, please contact Noah Hamman at 202-684-6383 or email@example.com. For media inquiries, please contact Richard Stern at 212-888-0044 or firstname.lastname@example.org.
AdvisorShares is a turnkey platform for investment managers seeking to offer their investment strategy in an actively managed ETF. AdvisorShares works with experienced money managers to combine their money management strategies with the benefits the ETF structure provides. AdvisorShares provides sales, marketing and educational support to help financial advisors utilize AdvisorShares ETFs to help them achieve their client's investment goals and objectives. AdvisorShares is pleased to offer actively managed ETFs, including the Dent Tactical ETF (NYSE: DENT), the Mars Hill Global Relative Value ETF (NYSE: GRV), the WCM/BNY Mellon Focused Growth ADR ETF (NYSE: AADR) and the Cambria Global Tactical ETF (NYSE: GTAA) and is dedicated to investor education. Fund.com is the majority owner of AdvisorShares Investments, LLC. Visit our website at www.advisorshares.com to learn more about us. Follow the AdvisorShares Team at http://www.twitter.com/advisorshares or 'Like' us at http://www.facebook.com/#!/pages/AdvisorShares/53212358057?ref=ts.
Before investing you should carefully consider the Fund's investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained by visiting the Fund's website at www.AdvisorShares.com. Please read the prospectus carefully before you invest.
Foreside Fund Services, LLC, distributor.
There is no guarantee that the Funds will achieve their investment goals. An investment in the Funds is subject to risk, including the possible loss of principal amount invested. The risks associated with each Fund include the risks associated with the underlying ETFs, which can result in higher volatility, and are detailed in each Fund's prospectus and on each Fund's webpage.