First Affirmative Financial Network a Manager of New Global ETF
By Steve Schueth
AdvisorShares is launching a new exchange traded fund that will support sustainability themes globally. The AdvisorShares Global Echo ETF goes live on May 24, 2014 and will trade on the New York Stock Exchange under the ticker symbol GIVE. A portion of the assets will support a charitable foundation co-founded by Philippe Cousteau, grandson of the famous explorer Jacques Cousteau.
“GIVE is a broadly diversified, multi-manager ETF with a focus on sustainable investment themes,” said Advisor Shares. It “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.”
GIVE has four portfolio managers allocating to different investment strategies and asset classes. Fist Affirmative serves as one of the four “sleeve” managers, and as allocation manager for this new fund
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Posted: May 22, 2012