PRNewswire-FirstCall/ – Fund.com, Inc. (OTC BB: FNDM.OB) Fund.com’s majority owned subsidiary AdvisorShares Investments LLC announced here that it has initiated an initial public offering of shares of the Dent Tactical ETF; an exchange traded fund that began trading yesterday on the New York Stock Exchange under ticker symbol: (DENT). AdvisorShares is acting as the investment advisor to the Dent ETF with portfolio management provided by HS Dent Investment Management, LLC, a registered sub-advisor. The listing comes shortly after the Securities and Exchange Commission’s July 20th order granting AdvisorShares exemptive relief from the Investment Company Act of 1940, thereby giving AdvisorShares the ability to create a platform for investment managers to achieve their investment objectives by utilizing the fast-growing ETF vehicle.
“Investors are seeking more tactical investment choices that offer true diversification in their portfolios, including exposure to dynamic and diversifying investment strategies,” says HS Dent founder Harry S. Dent, Jr. “With AdvisorShares, we believe we’ve developed a packaged economically compelling investment strategy offering a distinct, actively-managed exchange traded fund for building truly diversified portfolios.
“Having anticipated the growth of the ETF sector, Fund.com is working with AdvisorShares to develop a diverse range of ETF products with third party asset managers, helping them to improve distribution opportunities and increase assets under management. Fund.com CEO Greg Webster commented, “The AdvisorShares platform works for investment managers of all sizes and disciplines, easing administration and streamlining compliance, while providing the distribution opportunities presented by a public listing.”
Fund.com is an online content provider and lead generation platform for the financial services community, including investment funds and the savings and retirement markets. Our objective is to engage individual investors and to match their needs with interested fund product providers. Our www.fund.com website is intended to be approachable by everyday investors and to serve as an educational and research resource.
AdvisorShares is an innovative investment management firm designed to offer actively managed ETFs. The Company seeks out top investment management firms interested in sub-advisory and product development opportunities, as well as qualified emerging money managers. Additional Information about AdvisorShares Investments, LLC is available at the new website www.AdvisorShares.com.
Forward-Looking Safe Harbor Statement
Statements in this news release regarding future financial and operating results, potential applications of the Company’s technology, opportunities for the Company, and any other statements about the 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 results or events to differ materially from those indicated by such forward-looking statements including: limited operating history, need for future capital, and economic conditions generally. Additional information on potential factors that could affect results and other risks and uncertainties are detailed from time to time in the Company’s periodic reports, including Forms 10-K, 10-Q, 8-K, and other forms filed with the Securities and Exchange Commission (“SEC”).
These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties.
SOURCE Fund.com, Inc.