Fund.com Says It is Executing on Its Business Plan Through Its AdvisorShares Subsidiary to Bring Actively Managed ETFs to the Ma
11 März 2010 - 12:56AM
PR Newswire (US)
NEW YORK, March 10 /PRNewswire-FirstCall/ -- Fund.com, Inc., (OTC
Bulletin Board: FNDM) said today that its majority-owned
subsidiary, AdvisorShares Investments, LLC, a developer and
distributor of actively managed ETFs, is currently on track to have
three actively managed ETFs trading on the New York Stock Exchange
in April. There are currently 17 actively traded ETFs. Fund.com CEO
Gregory Webster said that AdvisorShares is one of the few firms
that has approval from the Securities and Exchange Commission
(technically known as exemptive relief from the provisions of the
Exchange Act of 1940) to form new actively managed ETFs. Webster
noted that a major advantage that AdvisorShares has is its ability
to bring to market active manager strategies through an
AdvisorShares ETF. An indication of the growing popularity of
actively traded ETFs, Webster noted, is that Legg Mason and Eaton
Vance recently joined T. Rowe Price and Goldman Sachs in asking for
exemptive relief to create actively traded ETFs. Webster said,
"AdvisorShares earns its revenues from sharing in the investment
advisors' management fees by providing services to register, list
and market actively managed ETFs." As an originator and distributor
of new actively managed ETFs, Fund.com's AdvisorShares has
previously announced relationships to develop actively managed ETFs
on its patent-pending ETF development platform with WCM Investment
Management, Laguna, CA, in conjunction with BNY Mellon, NYC,
Peritus Asset Management, Santa Barbara, CA.; and Mars Hill
Partners, LLC, Colorado Springs, CO. About Fund.com Fund.com's
subsidiary, AdvisorShares Investments LLC, is creating actively
managed ETFs to take advantage of the rapidly growing ETF business.
Fund.com also is an online content provider and lead generation
platform for investment funds and other financial services
providers. Its objective is to engage individual investors and to
match their needs with interested fund product providers. The
http://www.fund.com/ website is approachable to everyday investors
and serves as an educational and research resource. Fund.com also
is an education provider. 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
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 and is dedicated to investor
education. Visit our website at http://www.advisorshares.com/ to
learn more about us. 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. DATASOURCE: Fund.com CONTACT:
Richard Stern of Stern & Co.,
+1-212-888-0044,richstern@sternco.com, for Fund.com or Katrine
Winther-Olesen,+1-973-400-1341, katrine@jcpublicrelations.com, for
AdvisorShares Web Site: http://www.fund.com/
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