AdvisorShares Announces Morgan Creek Capital Management Begins as Portfolio Manager of Global Tactical ETF (GTAA)

BETHESDA, Md., July 28, 2014 /PRNewswire/ -- AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), announced that Chapel Hill, North Carolina-based Morgan Creek Capital Management will assume sub-advisor responsibilities of AdvisorShares Morgan Creek Global Tactical ETF (NYSE Arca: GTAA) today, July 28, 2014. Mark W. Yusko, Morgan Creek's CEO and CIO, will serve as lead portfolio manager of GTAA.

In pursuing its investment strategy, Morgan Creek will continue GTAA's investment objective that seeks to preserve and grow capital from investments in major global asset classes that include the U.S. and foreign equity, fixed income, commodity and currency markets – independent of market direction. Morgan Creek will utilize a discretionary macro approach that seeks to provide consistent returns with reduced volatility and manageable drawdowns. GTAA has been a fund of funds strategy but will now additionally use individual stocks, futures contracts, and options (calls or puts) as a means of enhancing returns or limiting portfolio risk as part of its principal investment strategy.

"We are very pleased to welcome Mark Yusko and the Morgan Creek team as the new portfolio manager to GTAA," said Noah Hamman, CEO of AdvisorShares. "Morgan Creek takes a different approach to global tactical asset allocation and utilizes a deep network of industry resources with expertise which has served institutions and top endowments, employing forward-looking investment themes and trends that we believe will benefit GTAA shareholders. We feel that their world-class globally-based investment team delivers yet another compelling core alternative strategy to our actively managed ETF suite."

"We are delighted to partner with AdvisorShares and look forward to providing Morgan Creek's discretionary macro investment approach as portfolio manager of GTAA," said Mr. Yusko. "As an experienced investment manager deeply rooted across institutions, private wealth, and top university endowments throughout the country, we strive to think alternatively and to provide an edge that we believe best suits our investors. We feel that delivering our alternative investment process through the daily transparency, intraday liquidity, efficiency and accessibility of an ETF structure can serve as a core for investors and advisors' client portfolios."

For media inquiries requesting more information on AdvisorShares, please contact Ryan Graham at 202-684-6442 or rg@advisorshares.com.  For financial professionals and investors requesting more information, please visit www.advisorshares.com or call the AdvisorShares Investment Consultant Team at 1-877-THE-ETF1 (1-877-843-3831).

About AdvisorShares

AdvisorShares is one of the leading providers of actively managed ETFs. As of July 25, 2014, AdvisorShares offers 25 active ETFs currently trading with over $1.8 billion of assets under management. AdvisorShares provides educational support to help financial advisors and investors understand the benefits of actively managed ETFs and their underlying investment strategies.

Please visit www.advisorshares.com to register for free weekly economic commentary. For educational insight into the active ETF marketplace, visit www.alphabaskets.com, follow @AdvisorShares on Twitter and 'Like' us on Facebook. Every Thursday at 4:00pm Eastern time, AdvisorShares hosts an educational conference call for Financial Professionals featuring our portfolio managers and leading investment industry experts.

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.

An investment in the Fund is subject to risk, including the possible loss of principal amount invested. The Fund is subject to the underlying ETFs and ETP risk that comprise this "fund of funds" and is subject to greater volatility due to commodity risk, a decline in the credit quality of the portfolio, increased risk of price volatility associated with emerging markets, and negative impact due to currency exchange rate fluctuations. Other Fund risks include market risk, equity risk, ETN risk, closed end fund risk, asset allocation risk, early closing risk, short sales and leverage risk, liquidity risk, trading risk, and turnover risk. This Fund may not be suitable for all investors.

An option is a privilege, sold by one party to another that gives the buyer the right, but not the obligation, to buy (call) or sell (put) a stock at an agreed upon price within a certain period or on a specific date.

Shares are bought and sold at market price not net asset value (NAV) and are not individually redeemed from the Fund.  Market price returns are based on the midpoint of the bid/ask spread at 4:00 pm Eastern Time (when NAV is normally determined) and do not represent the return you would receive if you traded at other times.

Press Contact:

Ryan Graham


AdvisorShares


202-684-6442


rg@advisorshares.com

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SOURCE AdvisorShares



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