AdvisorShares will begin trading its QAM Equity Hedge ETF (NYSE:QEH) on Wednesday, August 8. QEH is sub-advised by Commerce Asset Management, a Memphis-based investment advisor and subsidiary of Commerce Holdings who advise on approximately $700 million in assets.
QEH employs an actively managed long/short strategy and is benchmarked to the HFRI Equity Hedge (Total) Index.
“We believe with our benchmark’s underlying constituents measuring approximately 1,000 hedge fund managers, places QEH at an advantage over our competition to generate alpha,” stated Kurt Voldeng, chief operating officer of CAM and co-portfolio manager of QEH.
AdvisorShares currently offers 15 active ETFs with approximately $670 million in assets under management as of August 1.