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February 13, 2014updated 04 Apr 2017 2:30pm

AdvisorShares launches four new gold ETFs

AdvisorShares, a US-based actively managed exchange-traded funds (ETFs) provider, has launched four new ETFs which will offer gold exposure in different currency terms.

By Verdict Staff

AdvisorShares, a US-based actively managed exchange-traded funds (ETFs) provider, has launched four new ETFs which will offer gold exposure in different currency terms.

The new ETFs, which include AdvisorShares Gartman Gold/Euro ETF (GEUR), AdvisorShares Gartman Gold/British Pound ETF (GGBP), AdvisorShares Gartman Gold/Yen ETF (GYEN) and AdvisorShares International Gold ETF (GLDE), will be sub-advised by Treesdale Partners.

The AdvisorShares Gartman Gold ETFs aims to provide positive returns by utilizing their respective currencies by investing assets in the gold market, while GLDE aims to provide exposure to the international gold market.

AdvisorShares Gartman Gold ETFs will invest in different currencies including Euro, Pound and Yen.

Additionally, GLDE will allow access to a specialized portfolio manager with liquidity, transparency, and operational and tax efficiency.

Ade Odunsi, managing director of Treesdale and portfolio manager of GEUR, GGBP, GYEN and GLDE, said: "With these active ETFs, we believe investors now have unprecedented access to efficiently hold gold in different currency terms to avoid undesired and concentrated exposure to a single currency, such as the US dollar."

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