AdvisorShares, one of the largest issuers of actively managed exchange traded funds, will introduce four unique gold ETFs today, three of which bear the name of Dennis Gartman, editor and publisher of The Gartman Letter.

The new ETFs, which provide exposure to gold in various foreign currency terms, will be sub-advised by Treesdale Partners, a New York, New York-based registered investment advisor with an established expertise in managing fixed income-based and currency/commodity-based alternative investment products, according to a statement by AdvisorShares.

The new ETFs are the AdvisorShares Gartman Gold/Euro ETF (NYSEArca: GEUR), the AdvisorShares Gartman Gold/British Pound ETF (NYSEArca: GGBP), the AdvisorShares Gartman Gold/Yen ETF (NYSEArca: GYEN) and the AdvisorShares International Gold ETF (NYSEArca: GLDE). The three ETFs bearing Gartman’s name offer exposure to gold in terms of the currency featured in the fund’s name.

For example, GEUR “seeks to provide positive returns by utilizing the European Union’s Euro to invest its assets in the gold market. GEUR offers investors an alternative method to invest in gold by financing gold purchases in liquid currencies other than the U.S. dollar,” according to AdvisorShares.

GLDE will act as an ETF fund of funds, holding shares of the three aforementioned ETFs. The new funds “will also invest a proportion of its assets in one or more unaffiliated closed-end funds, Underlying ETFs, exchange traded notes (“ETNs”), and/or other ETPs to gain additional exposure to the international gold market,” according to GLDE’s homepage.

“Throughout the course of my career, I’ve discovered first-hand that a diligent and comprehensive approach to trading and investing can deliver positive returns to a diversified investment portfolio,” said Gartman in the statement. “Among those lessons, I’ve learned that owning different commodities, especially gold, in different currency terms can provide added-value for any investor’s alternative allocation.”

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.