Fund.com, Inc. (FNDM.OB) Subsidiary Partners with Peritus Asset Management to Develop All Future ETFs
AdvisorShares Investments, LLC, a developer and distributor of actively managed ETFs, was excited to announce today 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…