AdvisorShares, an exchange traded fund provider known for its actively managed investment products, announced its intent to launch an active ETF that follows sustainable investment themes and provides long-term capital appreciation while showing a low correlation to traditional stock market indices.
According to a press release, the AdvisorShares Global Echo ETF (NYSEArca: GIVE) will begin trading on May 24, 2012. The fund will have four portfolio managers allocating to sustainable fixed-income, long-only equity and alternative long/short trend-following strategies over a full market cycle.
Sustainable investment-themed opportunities include those that take into economic, environmental and technology considerations, along with a variety of social factors. These opportunities include those that focus on water, clean energy, community development, innovation and other sustainable themes across asset classes.
The ETF will hold U.S. and foreign equity securities, fixed income securities and other ETFs. Up to 65% of the of its assets in domestic and foreign fixed-income securities.
The fund will also directly support the Global Echo Foundation, a 501(c)(3) charitable foundation that helps world communities including social issues that affect women and children, environmental conservation and social entrepreneurship. [Green ETFs for Earth Day]