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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 micro-enterprise.

"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, said.

The fund's managers include names familiar to sustainable investors. Community Capital Management will manage the fixed-income portion of the fund, and Kevin O’Keefe, Chief Investment Officer for First Affirmative Financial Network, will be lead manager for the fund's alternative investment strategy. First Affirmative hosts the annual SRI Conference on Sustainable, Responsible, Impact Investing, formerly known as SRI in the Rockies.

 

 
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