GRV: An Actively-Managed Absolute Return Long / Short ETF of ETFs With Broker Incentives
Monday, July 12th, 2010Ron Rowland submits:
AdvisorShares Mars Hill Global Relative Value ETF (GRV) began trading last Friday (7/09/2010). The new ETF has a primary objective of generating consistent positive returns in excess of the average annual return of the MSCI World Index – GRV is an absolute return fund.
The fund’s sub-advisor, Mars Hill Partners, LLC, employs a “Relative Value” approach across major global regions to establish “long” positions that they expect will outperform the MSCI World Index and will equal 100% of portfolio assets. They also place another 100% of assets into “short” positions they expect will underperform the index – GRV is a market neutral long/short fund. GRV will not track any index, and its managers will be free to make portfolio changes on a daily basis – GRV is an actively managed ETF.
