AdvisorShares is looking to launch a quartet of exchange-traded funds that will bet on gold utilizing local currencies.
According to a regulatory filing, the firm is looking to launch the Gartman Gold/Yen ETF (GYEN), the Gartman Gold/British Pound ETF (GGBP), and the Gartman Gold/Euro ETF (GEUR) within the next few months. New York-based Treesdale Partners is the funds’ subadvisor and Ade Odunsi will serve as the portolio manager.
In addition, the firm will also launch the International Gold ETF (GLDE), which will have exposure to the three ETFs as well as closed-end funds.
A spokesman for the firm was not immediately available for comment on the new offerings.
Treesdale was established in 2002 and as of September 30, 2012, managed some $150 million in assets.