AdvisorShares files for long and short ETF

The filing says the Global Relative Value ETF invests in other ETFs, offering diversified exposure to global regions, countries, sectors and styles, including market capitalisation, value and growth. The fund takes long positions in ETFs tracking the most attractive regions out of the US, Europe, Asia and Emerging Markets, while taking short positions in those that are least attractive. HTE asset management will actively manage the fund, to select which regions to be long or short, based on a global relative value strategy. The asset manager aims to maintain a balance of equal long an...