March 04, 2011 11:15 ET
AdvisorShares Cambria Global Tactical ETF (GTAA) Tops $100 Million in Assets
GTAA Crosses the $100M Mark in Just 4 Months
BETHESDA, MD--(Marketwire - March 4, 2011) - AdvisorShares, a leading sponsor of ETF innovation and actively managed Exchange Traded Funds (ETFs), announced that the AdvisorShares Cambria Global Tactical ETF (NYSE: GTAA) has topped $100 Million in assets. GTAA is managed by Mebane Faber and Eric Richardson of Cambria Investment Management ("Cambria").
"This is an exciting moment for our team. To have raised over $100 Million in assets in GTAA after just four months is something we are all very proud of," said Noah Hamman, CEO and Founder of AdvisorShares. "Investors have quickly embraced the GTAA investment strategy and are showing their confidence in the GTAA portfolio management team, AdvisorShares and the Active ETF structure. We recently lowered GTAA's expense cap based on the operational efficiencies that have been achieved, due to its phenomenal asset growth."
Mebane Faber, Chief Investment Officer of Cambria, said, "We have been thrilled with the growth of GTAA as we believe that investors need to be more proactive in managing their risk and are glad that our message is resonating with investors." Cambria utilizes a quantitative approach with strict risk management to actively manage GTAA's portfolio in an attempt to mitigate downside losses and protect capital.
More information on GTAA can be found on the AdvisorShares website at http://gtaa.advisorshares.com.
To request more information on AdvisorShares, please contact Noah Hamman at 202-684-6383 or firstname.lastname@example.org. For media inquiries, please contact Richard Stern at 212-888-0044 or email@example.com.
AdvisorShares is one of the leading providers of actively managed ETFs. As of 2/28/2011 AdvisorShares offers 6 active ETFs with over $225 Million 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), the Peritus High Yield ETF (NYSE: HYLD) and the Active Bear ETF (NYSE: HDGE). 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 Cambria Investment Management, Inc.
Cambria Investment Management, Inc. is an investment management firm employing a disciplined multi-asset, global quantitative research process. Cambria provides investment management services through a number of portfolio strategies to high net worth individuals and institutions through separately managed accounts and private funds. Cambria believes that any single style or approach that relies on subjective methods can be inconsistent over time, may bias the investment process, and potentially hinder performance. Global diversification through asset allocation, coupled with prudent risk management, is the foundation of Cambria's investment philosophy. Visit their website at www.cambriainvestments.com. Read their blog at http://www.mebanefaber.com and follow them on Twitter.
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 goal. An investment in the Fund is subject to risk, including the possible loss of principal amount invested. Other Fund risks include market risk, equity risk, ETN risk, closed end fund risk, asset allocation risk, early closing risk, underlying fund investment risk, short sales and leverage risk, liquidity risk, trading risk, and turnover risk. This Fund may not be suitable for all investors.