AdvisorShares Launches Mars Hill Global Relative Value ETF (GRV)

Bethesda, Maryland-based AdvisorShares announced today the launch of the Mars Hill Global Relative Value ETF (GRV), the second ETF product from the company. The new ETF will be actively-managed; instead of seeking to replicate the performance of a particular benchmark, GRV will attempt to generate consistent positive returns in excess of the average annual return of the MSCI World Index. GRV employs a “relative value” approach created by Mars Hill. The idea behind the strategy is to combine long positions in the most attractive country, sector and industry ETFs with equal dollar amounts short in the least attractive country, sector and industry ETFs. In other words, GRV employs a long/short portfolio construction strategy, seeking to profit from the performance spread between long and short positions. Because they have the potential to generate positive returns in either bull or bear markets, long/short strategies have become a favorite tool of investors in [...] Click here to read the original article on ETFdb.com. Related Stories: Will Legg Mason Jumpstart Actively-Managed ETFs? Harry Dent’s ETF On The Way PIMCO Launches Active Short Term Muni Bond ETF (SMMU)