GIVE has an expense ratio of 1.70% of which 0.40% will go directly to the Global Echo Foundation.
“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,” Noah Hamman, CEO of AdvisorShares, said in the press release. “We believe our partnership with Philippe Cousteau, Jr. and the Global Echo Foundation will allow investors to realize positive returns on their investment capital while still making a charitable impact for the betterment of the earth.”
For more information on new product launches, visit our new ETFs category.
Max Chen contributed to this article.