BETHESDA, Md., Jan. 25, 2012 /PRNewswire/ -- AdvisorShares Investments, a leading sponsor of actively managed Exchange Traded Funds (ETFs), today announced that the AdvisorShares Accuvest Global Opportunities ETF (NYSE: ACCU) begins trading tomorrow, January 26th. ACCU is managed by Accuvest Global Advisors ("Accuvest"), a Walnut Creek, CA-based investment adviser that manages over $300 million in global portfolio assets. Accuvest also manages the AdvisorShares Global Long Short ETF (NYSE: AGLS).
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ACCU implements a global country rotation strategy that seeks long-term capital appreciation in excess of global equity benchmarks such as the MSCI All Country World Index. Accuvest, who pioneered the use of single-country ETFs to create top-down global equity strategies, utilizes ACCU's proprietary country ranking model which sorts countries from most attractive to least attractive, on a monthly basis, based on a broad range of nearly 40 different factors. Single-country ETFs from the 5-6 highest-ranked countries then form ACCU's portfolio.
Noah Hamman, CEO and Founder of AdvisorShares, said, "Accuvest's proprietary model methodology seeks to identify countries that are targeted to outperform global indices. Their innovative approach to global investing will allow advisors and their clients access to a long-term alternative strategy that seeks to generate alpha above all global benchmarks -- all within a transparent and cost-efficient ETF structure. ACCU is an outstanding addition to our existing suite of actively managed ETF strategies."
David Garff, CIMA, President of Accuvest and co-Portfolio Manager of AGLS and ACCU said, "We are thrilled to have our second actively-managed ETF with AdvisorShares begin trading. In an environment where disciplined investors and advisors are searching extensively for alpha, we believe the turmoil in global markets is providing opportunity at a country level. Our benchmark agnostic approach of using the highest-ranked single country ETFs aims to minimize risk during times of extended market moves in one direction or another, allowing ideal exposure to global equities within a broadly diversified portfolio."
Financial Professionals only: Join us for a live conference call with the ACCU portfolio managers, Thursday, January 26th at 4pm ET. Call 1-617-939-0999 and enter access code 4759252.
To request more information on AdvisorShares, please contact Ryan Graham at 202-684-6442 or [email protected].
About AdvisorShares
AdvisorShares is one of the leading providers of actively managed ETFs. As of 1/15/2012 AdvisorShares offers 12 active ETFs with over $400,000,000 of assets under management, including:
Alternative Strategies
Tactical Strategies
Dent Tactical ETF (NYSE: DENT)
Cambria Global Tactical ETF (NYSE: GTAA)
Meidell Tactical Advantage ETF (NYSE: MATH)
Long/Short Strategies
Accuvest Global Long Short ETF (NYSE: AGLS)
Rockledge SectorSAM ETF (NYSE: SSAM)
Short Strategies
Active Bear ETF (NYSE: HDGE)
Domestic Equity Strategies
Madrona Domestic ETF (NYSE: FWDD)
TrimTabs Float Shrink ETF (NYSE: TTFS)
International Equity Strategies
WCM/BNY Mellon Focused Growth ADR ETF (NYSE: AADR)
Madrona International ETF (NYSE: FWDI)
Income Strategies
Peritus High Yield ETF (NYSE: HYLD)
Madrona Global Bond ETF (NYSE: FWDB)
AdvisorShares provides educational support to help investors understand ETFs, and the underlying investment strategy for each of the AdvisorShares ETFs. AdvisorShares continues to seek qualified sub-advisor investment partners to offer compelling investment strategies in an active ETF structure. Visit our website at www.advisorshares.com to learn more about us. Follow the AdvisorShares Team on Twitter or 'Like' us on Facebook.
About Accuvest Global Advisors
Accuvest Global Advisors, the sub-advisor, is headquartered in Walnut Creek, CA. Founded in 2005, Accuvest serves as investment adviser to a variety of individual and institutional investor accounts, such as families, foundations, institutional investors, private funds, and financial intermediaries. www.accuvest.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.
Foreside Fund Services, LLC, distributor.
There is no guarantee that the Fund will achieve its investment objective. Diversification and asset allocation do not guarantee a profit, nor do they eliminate the risk of loss of principal. The Fund is subject to the risks associated with the underlying ETFs that comprise the "fund of funds." Each underlying ETF is subject to geographic concentration risk, political and economic conditions, and changes in regulatory, tax or economic policy which could have a negative effect on the underlying ETFs' performance. See prospectus for specific risks regarding each geographic region. Newly organized, the Fund has no trading history and there can be no assurance that active trading markets will be developed or maintained.
Alpha is the premium an investment earns above a certain benchmark. The MSCI AC World Index is an unmanaged free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets. One cannot invest directly in an index.
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Ryan Graham |
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AdvisorShares |
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202-684-6442 |
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SOURCE AdvisorShares Investments
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