Subsidiary, AdvisorShares, Partners with BNY Mellon and WCM Investment Management to Launch WCM/BNY Mellon Focused Growth ADR ETF

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December 16, 2009 12:26pm ETF BASIC NEWS NYSE:AADR, Inc., (OTC Bulletin Board: FNDM), an exchange traded fund and education provider, announced today that its subsidiary, AdvisorShares Investments, LLC, will launch the WCM/BNY Mellon Focused Growth ADR ETF

, (NYSE Arca: AADR), in January, the first actively managed ETF to invest in international American Depositary Receipts or ADRs.

BNY Mellon, one of the world’s leading financial institutions with more than $966 billion in assets under management as of Dec. 10, is the provider of the BNY Mellon Classic ADR Index. WCM Investment Management, Laguna, CA, as sub-advisor to the fund, will direct the ETF’s investments in a limited number of non-US companies that are dominant leaders in their industries. WCM has a proven track record of success using this investment strategy for more than two decades.

AADR will be AdvisorShares’ second actively managed ETF. AdvisorShares’ Dent Tactical ETF was launched in September. owns 60% of AdvisorShares Investments LLC. CEO Greg Webster said, “We believe WCM/BNY Mellon Focused Growth ADR ETF may be an efficient and accessible way for investors to capture the potential of high-performing international stocks using this proven active management discipline.”

“We envision WCM/BNY Mellon Focused Growth ADR ETF as the second offering in what we anticipate will be a family of actively managed ETFs,” he added. “Along with the DENT Tactical ETF, which focuses on US and global growth companies, AADR gives investors an easy way to diversify their portfolios with varying asset classes, strategies and styles,” he said.

Webster noted that AdvisorShares business model generates consistent fee income from asset management fees. It strives to grow assets under management by partnering with leading asset management companies that use the AdvisorShares ETF platform to launch new ETFs.

“The addition of AADR to AdvisorShares’ family of funds may potentially have a significant impact on’s bottom line,” said Webster, “if AADR’s growth trajectory can follow that of another ETF founded by AdvisorShares CEO Noah Hamman. At Rydex, he led the launch of the Rydex S&P 500 Equal Weight ETF in April 2003, and it now has $1.6 billion under management.”

About’s subsidiary, AdvisorShares Investments LLC, is creating actively managed ETFs, such as the Dent Tactical ETF, to take advantage of the rapidly growing ETF business. 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 website is approachable to everyday investors and serves as an educational and research resource. also is an education provider.

Forward-Looking Statements:

Statements in this press release regarding future performance and the potential advantages of the products and services provided by, 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’s periodic reports, including Forms 10-K, 10-Q, 8-K, and other forms filed with the Securities and Exchange Commission.

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 calling 1-877-843-3831. 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. Other Fund risks include concentration risk, foreign securities and currency risk, emerging markets risk, large-cap risk, early closing risk, and trading risk, which can increase Fund expenses and may decrease Fund performance. The Fund is, also, subject to the same risks associated with the underlying ETFs, which can result in higher volatility. Newly organized, actively managed Funds have no trading history and there can be no assurance that active trading markets will be developed or maintained.

    PR/Media Relations:
    Stern & Co.
    Richard Stern, 212-888-0044
    [email protected]


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