April 21, 2012
New Exchange Traded Fund Will Support Sustainability Themes
by Robert Kropp
A portion of the assets of AdvisorShares Global Echo ETF will support the Global Echo Foundation, a
charitable foundation co-founded by Philippe Cousteau.
AdvisorShares, an investment management firm that sponsors actively managed Exchange Traded Funds
(ETFs), has announced that May 24th will be the launch date for its Global Echo ETF (GIVE). The firm describes GIVE as "a
broadly diversified multi-manager ETF with a focus on Sustainable Investment themes."
In its Prospectus, AdvisorShares states that the sustainability
themes to be pursued by the ETF include: "economic themes (corporate governance, risk & crisis
management, community investment, energy efficiency, food, green building); environmental themes
(air, water, earth); technology themes (mobility, renewable energy, technology and access); and
social themes (human health such as occupational health and safety)."
The fund will
allocate a portion of its assets to the Global Echo Foundation, a charitable foundation
co-founded by Philippe Cousteau. The goal of the foundation is to provide resources for global
environmental sustainability, to support the lives of women and children, and to expand
"Our partnership with Philippe Cousteau, Jr. and the Global Echo
Foundation will allow investors to realize positive returns on their investment capital while still
making a charitable impact for the betterment of the earth," Noah Hamman, CEO of AdvisorShares,