NEW YORK, Oct. 23, 2009 (GLOBE NEWSWIRE) -- Despite the great success of AdvisorShares Investments, LLC's DENT Tactical ETF (NYSE:DENT), several critics have zeroed-in on the fund, criticizing its high expense ratio and economic forecasting approach, The Dent Method.
Fund.com (OTCBB:FNDM) CEO Greg Webster responded to the criticisms of The Dent Method, saying, "Every manager has a certain method and every advisor approaches the market with what they believe will achieve the best alpha for their investors. H.S. Dent approaches the market in somewhat of a unique way that doesn't necessarily compete with many of the other offerings. Provided you support his view of the markets, then you should buy his products."
The success of DENT should silence some of the critics: in the first four days of its launch, it traded over one million shares, making it the largest and fastest growing actively managed ETF in existence. DENT seeks to achieve its investment objective by identifying, through proprietary economic and demographic analysis, the overall trend of the U.S. and global economies and how consumer-spending patterns may change, based on this analysis.
AdvisorShares Investments, LLC, a majority-owned subsidiary of Fund.com (OTCBB:FNDM), is an exchange-traded fund development platform. Partnered with registered investment advisors, AdvisorShares creates individual "actively managed" ETFs customized for their clients. AdvisorShares' SEC-granted exemptive relief from the Investment Company Act of 1940 allows RIAs to create, issue and actively rebalance their portfolios in an exchange-listed investment product.
Harry S. Dent Jr., one of the managers of the DENT Tactical ETF, will be featured in the upcoming winter issue of EQUITIES Magazine. Affiliates, Officers and/or Directors of EQUITIES Magazine own shares of Fund.com (OTCBB:FNDM). To access the upcoming winter issue of the magazine and more, sign up for a free one-year subscription to EQUITIES Magazine.
About AdvisorShares
AdvisorShares Investments, LLC is an innovative investment management firm which offers actively managed ETFs through the AdvisorShares Trust. Exchange Traded Funds are one of the fastest growing investment products due to their operational and tax efficient structure, and ease of accessibility. AdvisorShares intends to offer a variety of investment products designed to help investors reach their financial goals. AdvisorShares 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 a majority-owned subsidiary of Fund.com. Inc. Additional Information about AdvisorShares Investments, LLC is available at www.AdvisorShares.com.
About Fund.com
Fund.com is an online content provider and lead generation platform for the financial services community, including investment funds and the savings and retirement markets. Our objective is to engage individual investors and to match their needs with interested fund product providers. Our www.fund.com website is intended to be approachable by everyday investors and to serve as an educational and research resource.
About HS Dent
For two decades financial professionals and individuals have used HS Dent's independent economic think tank and research team to provide specialized and proprietary economic research, analysis tools and forecasts. HS Dent makes its research available through its Monthly Economic Forecasts and Special Reports, attending Demographics School, by joining the Financial Advisors Network, and by participating in its Online Communities to share techniques and ideas with some of the most successful advisors in the industry. Additional information about HS Dent is available at www.hsdent.com.