NEW YORK , September 16, 2009 –- NYSE Euronext (NYX) announced that its wholly-owned subsidiary, NYSE Arca, today began trading the AdvisorShares Dent Tactical ETF (Ticker: DENT). The ETF is sponsored by AdvisorShares.
AdvisorShares Lists Dent Tactical ETF on NYSE Arca
The Fund is an actively managed “fund of funds,” which means that it seeks to achieve its investment objective – long term growth of capital – by investing primarily in other ETFs and shares of certain exchange-traded products, including but not limited to, exchange-traded notes, exchange-traded currency trusts and exchange-traded commodities pools. The Fund does not seek to replicate the performance of a specified index. H.S. Dent Investment Management, LLC (the “Sub-Advisor”) seeks to achieve the Fund’s investment objective by identifying, through proprietary economic and demographic analysis, the overall trend of the U.S. and global economies, and then implementing investment strategies in asset classes (such as, but not limited to, foreign and domestic equities or fixed income securities) that the Sub-Advisor believes will benefit from these trends. Please refer to the Fund’s prospectus available at www.AdvisorShares.com.
Background on Exchange Traded Products (ETPs) on NYSE Euronext
NYSE Euronext operates the world's largest Exchange Traded Products marketplace, and is the leading venue for Exchange Traded Funds (ETFs), Exchange Traded Notes (ETNs), Exchange Traded Vehicles (ETVs) and Warrants and Certificates trading. NYSE Euronext's offering of these products provides investors access to regulated listings as well as fast and innovative trading tools to access liquidity. NYSE Arca, NYSE Euronext's US market for ETFs, has 690 primary ETF and 47 primary ETV listings. Additionally, NYSE Arca lists 83 ETNs, 208 Certificates, while trading all other eligible ETPs on an Unlisted Trading Privileges basis. On its European markets, NYSE Euronext has 417 primary ETFs, 73 ETV listings, 4 ETN and lists a total of 11,632 Warrants and Certificates as of the end of July 2009.
About AdvisorShares (Source: AdvisorShares)
AdvisorShares is an innovative investment management firm designed to offer actively managed ETFs. The Company seeks out top investment management firms interested in sub-advisory and product development opportunities, as well as qualified emerging money managers. AdvisorShares Investments, LLC, is majority owned by Fund.com Inc., an online financial community which provides investment insight, analysis and portfolio planning tools. Additional Information about AdvisorShares Investments, LLC is available at the new website www.AdvisorShares.com.
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With more than 8,000 listed issues, NYSE Euronext's equities markets -- the New York Stock Exchange, Euronext, NYSE Arca and NYSE Amex -- represent nearly 40 percent of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, the leading European derivatives business and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the S&P 100 index and Fortune 500. For more information, please visit: http://www.nyx.com
NYSE Euronext and its affiliates do not recommend or make any representation as to possible benefits from any securities or investments, or third-party products or services. Investors should undertake their own due diligence regarding their securities and investment practices. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.