Fund.com Subsidiary AdvisorShares Raises Over $100 Million in Assets Under Management

NEW YORK, Nov. 11, 2010 /PRNewswire/ -- Fund.com, Inc., (Pink Sheets: FNDM) announced today that its majority-owned subsidiary, AdvisorShares Investments, LLC, an innovator of actively managed Exchange Traded Funds (ETFs), has 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'. It 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."

About Fund.com

Fund.com's subsidiary, AdvisorShares Investments LLC, is creating actively managed ETFs to take advantage of the rapidly growing ETF business.

About AdvisorShares

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://tinyurl.com/22ozbtn.

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. Non-diversification exposes the Fund to greater market risk than if its assets were diversified among a greater number of issuers and/or sectors. High yield, lower rated bonds involve a greater degree of risk than investment grade bonds in return for higher yield potential. As such, securities rated below investment grade generally entail greater credit, market, issuer and liquidity risk than investment grade securities. Interest rate risk occurs when interest rates rise as bond prices usually fall. This Fund may not be suitable for all investors. Newly organized, actively managed Funds have no trading history and there can be no assurance that active trading markets will be developed or maintained.

Forward-Looking Statements:

Statements in this press release regarding future performance and the potential advantages of the products and services provided by Fund.com, and any other statements about future expectations, beliefs, goals, plans, or prospects expressed constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words "will," "believes," "plans," "anticipates," "expects," "estimates," and similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual performance or events to differ materially from those indicated by such forward-looking statements including the Company's limited operating history and economic conditions generally. Additional information on potential factors that could affect results and other significant risks and uncertainties are detailed from time to time in Fund.com's periodic reports, including Forms 10-K, 10-Q, 8-K, and other forms filed with the Securities and Exchange Commission.

SOURCE Fund.com