AdvisorShares Announces the Launch of the Pring Turner Business Cycle ETF (DBIZ) New Actively Managed ETF Identifies Business Cycle Changes to Seek Returns in All Market Conditions
BETHESDA, Md., Dec. 17, 2012 /PRNewswire/ -- AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), announced today that the Pring Turner Business Cycle ETF (NYSE Arca: DBIZ) will open for trading on Wednesday, December 19, 2012. DBIZ is sub-advised by Pring Turner Capital Group (Pring Turner), a Walnut Creek, Calif.-based investment advisor internationally recognized for its application of business cycle research to portfolio management.
The investment objective of DBIZ seeks long term-growth and capital appreciation across all economic and market cycles though a disciplined decision-making process that employs fundamental, technical and business cycle analysis. The portfolio manager organizes the business cycle into "Six-Stages" that determine how DBIZ proactively allocates its investment capital among multiple asset classes including stocks, bonds, inflation-sensitive securities and cash. As economic and market landscapes shift, DBIZ adapts and identifies market sectors and individual securities that have historically outperformed each specific business cycle stage, seeking to optimize returns while minimizing portfolio risk.
"We are very pleased to launch DBIZ, a strategy derived from Martin Pring's renowned investment research on business cycles and financial market trends," said Noah Hamman, CEO of AdvisorShares. "All Chartered Market Technicians (CMT) can attest to Martin's depth of knowledge because his book "Technical Analysis Explained" is required reading for the professional CMT designation. We believe investors now have the accessibility to a unique and proprietary dynamic asset allocation strategy with the benefits of an actively managed ETF delivered by an experienced investment management team."
"Through my many years of providing technical analysis and research to the international investment community, I have recognized that it is imperative as ever for investors to be prepared for both difficult and favorable conditions," said Martin J. Pring, Chairman and Investment Strategist of Pring Turner. "We believe DBIZ employs a disciplined strategy that adapts well to cyclical shifts and can build wealth consistently while lessening portfolio risk for the current environment."
"In managing DBIZ, we utilize both a top-down and bottom-up approach that aims to invest in attractive market sectors according to the current business cycle stage. We think it is also important to emphasize quality, value and income generation in selecting individual securities for the portfolio," said Joe D. Turner, President of Pring Turner and Portfolio Manager of DBIZ. "Because of its adaptability, we believe DBIZ can be utilized as a core holding within a portfolio and help shareholders seek their investment goals."
Tom J. Kopas, CEO of Pring Turner and Portfolio Manager of DBIZ added, "We are pleased to team with AdvisorShares in bringing DBIZ to market. Keeping in mind the last 'Lost Decade' for stocks, many investors are concluding a passive buy and hold approach is not a formula for success in the current secular bear market. We feel the better solution is dynamic asset allocation around the business cycle, and believe DBIZ can minimize risk and grow investors' capital within a liquid, transparent and tax-efficient active ETF vehicle."
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AdvisorShares is one of the leading providers of actively managed ETFs. As of 12/14/2012 AdvisorShares offers 16 active ETFs with approximately $670,000,000 of assets under management.
About Pring Turner Capital Group
Pring Turner Capital Group is a Walnut Creek, Calif.-based advisory firm internationally known for its business cycle research that is applied to DBIZ. The three managing partners, Martin Pring, Joe Turner, and Tom Kopas combine for over 115 years of professional investment experience. Dow Jones Indexes and Martin Pring co-developed the Dow Jones Pring U.S. Business Cycle Index, launched in March 2012. Based on Pring Turner's time-tested business cycle research the firm makes dynamic adjustments to the Pring Turner Business Cycle ETF as the economic and financial landscapes change. You may visit their website at http://pringturner.com.
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.
There is no guarantee that the Fund will achieve its investment objective. An Investment in the Fund is subject to risk, including the loss of principal amount invested. The Fund may invest in (or short) ETFs, ETN. ETN's are senior unsecured unsubordinated debt securities issued by an underwriting bank that are designed to provide returns that are linked to a particular benchmark less investor fees. ETNs have a maturity date and generally are backed only by the creditworthiness of the issuer. As a result, the value of an ETN may be influenced by time of maturity, level of supply and demand for the ETN, volatility and lack of liquidity in the underlying market (e.g., the commodities market), changes in the applicable interest rates, and changes in the issuer's credit rating and economic, legal, political or geographic events that affect the referenced market. The Fund's investments in securities of foreign issuers, including American Depositary Receipt's (ADRs), may involve certain risks that are greater than those associated with investments in securities of U.S. issuers. These include risks of adverse changes in foreign economic, political, regulatory and currency exchange rates. For more specific risks regarding the fund, please see prospectus.
Shares are bought and sold at market price (closing 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