AdvisorShares’ Global Echo ETF (GIVE) – a broadly diversified multi-manager exchange traded fund with a focus on sustainable investment themes – will open for trading on Thursday, 24 May, 2012.
GIVE, which seeks to achieve long-term capital appreciation with an emphasis on absolute (positive) returns and low sensitivity to a blend of traditional financial market indices such as the S&P 500 Index over a full market cycle, has four portfolio managers allocating to different investment strategies and asset classes:
Fixed Income Strategies
Community Capital Management, Inc. (Community Capital) of Weston, Florida. will employ an investment strategy focus on a thematic Sustainable Core Fixed Income Strategies (US focus)
Equity Strategies
Baldwin Brothers, Inc (Baldwin Brothers) of Marion, Mass. will employ an investment strategy focus on Core Equity Strategies (Global) and Long only, with a thematic approach to investing in Sustainable Investment themes
Reynders, McVeigh Capital Management, LLC (Reynders, McVeigh) of Boston, Mass. will employ an investment strategy focus on Core Equity Strategies (Global with a US focus) and Long only, Sustainability, Concentrated Growth
Alternative Strategies
First Affirmative Financial Network, LLC (First Affirmative) of Colorado Springs, Colo. acts as the funds allocation manager and will employ an investment strategy focus on Alternative Long/Short trend following
GIVE will directly support the Global Echo Foundation, a 501(c)(3) charitable foundation co-founded by Philippe Cousteau Jr., providing funding solutions to many of the challenges facing the world community including social issues impacting women and children, environmental conservation and social entrepreneurship. 0.40% of the GIVE management fee will be contributed to the Global Echo Foundation. Additional amounts will be contributed by AdvisorShares to support Philippe’s educational efforts and in addition, AdvisorShares will contribute additional basis points to charitable causes.
"I am thrilled about the partnership with AdvisorShares. Through my extensive travels and work around the globe, I have witnessed first-hand many of the challenges the world faces today. By launching GIVE, we are creating an innovative and transparent investment model that will help drive resources to address many of these global challenges. GIVE’s combination of strategic investment and sustainable philanthropy will not only create a positive impact for investors but help foster a legacy beyond monetary value," says Cousteau, Co-founder and Chairman of the Global Echo Foundation.
Noah Hamman (pictured), CEO of AdvisorShares, says: "We feel we’re entering an exciting new chapter by not only adding another attractive and broadly diversified product to our existing suite of actively-managed ETFs, but providing a truly one-of-a-kind sustainability focused investment strategy with an innovative approach to combat some of our planet’s biggest challenges. We believe our partnership with Philippe Cousteau, Jr and the Global Echo Foundation will allow investors to realise positive returns on their investment capital while still making a charitable impact for the betterment of the earth."
