July 08, 2010 14:30 ET
AdvisorShares Set to Launch First Actively Managed Long/Short ETF
Mars Hill Global Relative Value ETF (GRV)
BETHESDA, MD--(Marketwire - July 8, 2010) - AdvisorShares Investments, LLC, a leading sponsor of actively managed ETFs, today announced that it will begin trading in the industry's first actively managed long/short ETF, the Mars Hill Global Relative Value ETF (NYSE: GRV) tomorrow, July 9th. GRV is sub-advised by Mars Hill Partners, LLC, an SEC-registered Investment Adviser and an affiliate of private wealth manager Huntley Thatcher Ellsworth, Ltd.
GRV employs a "Relative Value" approach created and managed by Mars Hill Partners, which combines long positions in the most attractive country, sector and industry ETFs, with an equal dollar amount short in the least attractive country, sector and industry ETFs. This core long/short portfolio construction is designed to reduce downside volatility and drawdown risk caused by the directional influence of the global equity markets and instead strives to profit from the performance spread between its long and short positions. These relative value spreads are prevalent throughout both rising and falling market environments, enabling GRV to potentially generate more consistent returns over time than a conventional long-only approach.
"GRV has an institutional-caliber investment strategy that is designed to pursue consistent positive absolute returns regardless of the direction of the stock market or interest rates. We are excited to bring investors access to this compelling investment strategy through an actively managed ETF," said Noah Hamman, CEO and Founder of AdvisorShares.
Founder and Chief Investment Officer of Mars Hill Partners, Jason Huntley said, "We are very excited to partner with AdvisorShares to package and launch GRV given the underlying merits of our long/short investment strategy when combined with the daily liquidity, fully transparent and tax efficiency benefits of an NYSE-listed ETF. Historically, strategies like ours have been accessible primarily through separate accounts or private hedge funds, neither of which offers anywhere near the benefits of the ETF package which includes transparency."
To request more information on AdvisorShares, please contact Noah Hamman at 202-684-6383 or email@example.com. Look for us at the Morningstar ETF Invest Conference in Chicago, IL September 15-17th.
AdvisorShares is a turnkey platform for investment managers seeking to offer their investment strategy in an actively managed ETF. AdvisorShares works with some best-of-breed money managers to combine their money management expertise with the benefits the ETF structure provides. AdvisorShares provides sales, marketing and educational support to help financial advisors use AdvisorShares ETFs to help them achieve their clients' investment goals and objectives. AdvisorShares is a leader in actively managed ETFs, including the Dent Tactical ETF (NYSE: DENT) 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.
About Mars Hill Partners
Mars Hill Partners, LLC ("Mars Hill") is an SEC-registered Investment Adviser and affiliate of private wealth manager Huntley Thatcher Ellsworth, Ltd. ("HTE"), created to offer HTE's long/short relative value strategies through publicly-traded exchange-traded funds. Mars Hill blends proprietary quantitative models and top-down global macro research to identify and capitalize on relative value opportunities across all major asset classes in order to generate consistent positive absolute returns for its investors.
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. The Fund may participate in leveraged transactions to include selling securities short which create the risk of magnified capital losses. Under certain market conditions, short sales can increase the volatility and decrease the liquidity of certain securities or positions and may lower the Fund's return or result in a loss. Other risks include concentration risk, asset allocation risk, derivative risk (such as options, futures, options on futures, and swaps), commodity-linked derivative investment risk, turnover risk and temporary defensive positions risk which can increase Fund expenses and may decrease Fund performance. The Fund is subject to the underlying ETFs risks that comprise this "fund of funds," are detailed in the prospectus and include small cap company risk, foreign securities and currency risks, and emerging markets risk. 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.