Scottsdale, Arizona 2/19/2010 2:57:27 AM
News / Finance

Fund.com, Inc. (FNDM.OB) Subsidiary Partners with Peritus Asset Management to Develop All Future ETFs

QualityStocks would like to highlight Fund.com, Inc. (OTCBB: FNDM). Fund.com's subsidiary, AdvisorShares Investments LLC, is creating actively managed ETFs, such as the Dent Tactical ETF, to take advantage of the rapidly growing ETF business. Fund.com also is an online content provider and lead generation platform for investment funds and other financial services providers. Its objective is to engage individual investors and to match their needs with interested fund product providers.

 

In the company’s news today,

 

AdvisorShares Investments, LLC was excited to announce that it has partnered with Peritus Asset Management, LLC, Santa Barbara, CA, a value-based, active credit investment manager, to create a new actively-managed ETF, anticipated to be a high yield bond-focused ETF. The new ETF would join AdvisorShares’ growing portfolio of innovative actively managed ETFs. In addition, in an exclusive arrangement, Peritus agreed to develop all future ETFs with AdvisorShares.

 

“Peritus has an outstanding track record managing high yield investments,” stated Noah Hamman, CEO and founder of AdvisorShares. “AdvisorShares believes an important advantage of actively managed ETFs is to enable more investors to benefit from particularly skillful advisors such as Peritus.”

 

Tim Gramatovich, chief investment officer of Peritus Asset Management, commented, “At Peritus, we take a value-based contrarian approach to the credit markets, foregoing relative value and new issue participation in favor of absolute returns. We look for structural and technical inefficiencies within secondary credit markets that create tremendous investment opportunities.”

 

“We believe AdvisorShares will help us create distinctive, actively managed products that will introduce new investors to our value-based approach,” he added.

 

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Forward-Looking Statement:

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