January 11, 2011 06:00 ET
AdvisorShares Announces Partnership With TrimTabs Asset Management
Partnership Will Create a Solution That Utilizes TrimTabs' Liquidity-Based Investing Strategies
BETHESDA, MD--(Marketwire - January 11, 2011) - AdvisorShares Investments, LLC, a sponsor of actively managed Exchange Traded Funds (ETFs), announced today a partnership with TrimTabs Asset Management, LLC, a subsidiary of TrimTabs Investment Research, Inc. ("TrimTabs"), to develop an actively managed ETF which will apply TrimTabs' liquidity-based investment strategy. The proposed ETF would join AdvisorShares' growing stable of innovative actively managed ETFs which includes the AdvisorShares Dent Tactical ETF (NYSE: DENT), the AdvisorShares Mars Hill Global Relative Value ETF (NYSE: GRV), the AdvisorShares WCM/BNY Mellon Focused Growth ADR ETF (NYSE: AADR), the AdvisorShares Cambria Global Tactical ETF (NYSE: GTAA), and the AdvisorShares Peritus High Yield ETF (NYSE: HYLD).
"Many investors are familiar with Charles Biderman from his regular appearances on CNBC and Bloomberg TV as well his frequent quotes in the financial media, and know that he is a go-to resource in the area of stock market liquidity. His firm, TrimTabs, is the leading independent institutional research firm focusing on stock prices as a function of supply and demand rather than value," said Noah Hamman, CEO and Founder of AdvisorShares. "We believe investment advisors will be excited to be able to offer their investors an alternative to market cap or fundamentally weighted core holdings by using TrimTabs' supply and demand investment research, used today by many of the top hedge funds in their investment decisions."
Charles Biderman, Founder and Chief Executive Officer of TrimTabs, said, "Most quantitative ETFs focus on easily available price, volume, and earnings data. Since data on the supply and demand for stocks is scattered across so many sources, most strategies ignore stock market liquidity. However we believe that stock prices are a function of liquidity rather than value. Like the prices of any tradable good, the prices of stocks are driven by supply and demand.
"At TrimTabs, we believe that partnering with AdvisorShares in creating this investment vehicle which will meld our extensive liquidity-based investment research with AdvisorShares' ETF expertise into a liquid, transparent actively managed ETF could be a winning proposition in the investment advisor community."
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 one of the leading providers of actively managed ETFs. As of 12/31/2010 AdvisorShares offers 5 active ETFs with over $150,000,000 of assets under management. 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), the Cambria Global Tactical ETF (NYSE: GTAA) and the Peritus High Yield ETF (NYSE: HYLD). 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 TrimTabs Investment Research LLC
TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity -- including corporate liquidity flows, hedge fund flows, mutual fund flows and exchange-traded fund flows -- as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990. Around a third of the top 30 macro hedge funds use TrimTabs' research. For more information, please visit www.TrimTabs.com.
About TrimTabs Asset Management, LLC
Trim Tabs Asset Management, LLC was established in 1995. Trim Tabs Asset Management, LLC serves as investment adviser to a variety of individual and institutional investor accounts.
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 ETFs 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. Newly organized, actively managed Funds have no trading history and there can be no assurance that active trading markets will be developed or maintained. The Funds may not be suitable for all investors.