NEW YORK, Oct. 23, 2009 (GLOBE NEWSWIRE) -- AdvisorShares Investments, LLC first product, the DENT Tactical ETF (NYSE:DENT), traded over one million shares in the first four days of its launch, making it the largest and fastest growing actively managed ETF in existence. A majority-owned subsidiary of Fund.com (OTCBB:FNDM), AdvisorShares Investments, LLC, is an exchange-traded fund (ETF) development platform. Using AdvisorShares SEC-granted exemptive relief, Fund.com seeks to establish a series of actively managed ETFs.
Five weeks since DENT's inception, Fund.com CEO Greg Webster had this to say: "The DENT Tactical was successful for a couple of reasons, the first being that AdvisorShares did a great job in collaborating with the Dent organization to bring something unique and compelling to the market. Secondly, the Dent Organization has a tremendous following which positioned the visibility of the product within that advisor network."
Webster brings over twenty years of management experience to Fund.com. Before joining the company, he was President and CEO of HSBC Brokerage (USA) Inc., one of the largest banks in the world. Before joining HSBC, he led the Guardian Life Insurance Company in the formation and SEC Registration of Park Avenue Securities, LLC.
The skills Webster brings with a background in the financial services, brokerage and insurance industries to Fund.com is formidable, and will no doubt aid the company in establishing itself as a leader in the financial services sector.
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 (FNDM.BB). 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.