AdvisorShares has partnered with explorer, social entrepreneur and environmental advocate Philippe Cousteau, Jr. to launch AdvisorShares Global Echo ETF (NYSE: GIVE), an active, multi-manager socially responsible fund.
Community Capital Management, Inc. of Weston, Fla. will employ an investment strategy focus on a thematic sustainable core fixed income strategies for the fund (U.S. Focus). Baldwin Brothers, Inc. of Marion, Mass. and Reynders, McVeigh Capital Management, LLC, also of Boston, Mass., will focus on long only equity strategies for the fund. Also, GIVE employs an alternative sleeve managed by First Affirmative Financial Network, LLC of Colorado Springs, Colo., which will employ a long/short trend following strategy.