AdvisorShares is launching the STAR Global Buy-Write ETF (VEGA), which will begin trading on Sept. 18 on the NYSE's Archipelago Exchange.

Partnervest Advisory Services, a Santa Barbara, Calif.-based investment advisor is the sub-advisor on VEGA. Ken Hyman, president and chief executive of Partnervest, and James Herrell, chief investment officer of Partnervest, will serve as the portfolio managers of the fund. The ETF will carry an annual expense ratio of 201 basis points, according to a filing.

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