BETHESDA, Md., Jan. 16, 2015 /PRNewswire/ -- AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), announced today the consolidation of its 40 Act Currency Hedged Gold ETF suite. The AdvisorShares Gartman Gold/Euro ETF (NYSE Arca: GEUR) and the AdvisorShares Gartman Gold/Yen ETF (NYSE Arca: GYEN) backed by their ongoing growth and investor interest will remain open for new shareholders. Separately, the AdvisorShares Board of Trustees approved the closings and subsequent liquidations of the AdvisorShares Gartman Gold/British Pound ETF (NYSE Arca: GGBP) and the AdvisorShares International Gold ETF (NYSE Arca: GLDE). Following their last day of trading on January 26, 2015, both GGBP and GLDE will cease operations, including unit creations, withdraw their assets, and distribute the remaining proceeds to shareholders on or after January 30, 2015.

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Gold historically has been used a universal safe haven and alternative currency, and funding (going long) the precious metal through a declining currency (going short) can affect its value.

As the U.S. dollar continues to strengthen, the value of gold predicated in weakening international currencies has made greater gains during the last year. In addition to gold's value via euro and yen terms, gold held in British pound terms displayed outperformance against gold in U.S. dollar terms in the last one-year period. Despite such performance, as well as the added diversification of holding gold in multiple currencies within a single fund, the advisor and sub-advisor decided the most compelling solution to capture this investment theme is through the gold/euro and gold/yen investment strategies.

Noah Hamman, chief executive officer of AdvisorShares, said, "We believe this consolidation represents a unique opportunity for our firm to concentrate on two emerging investment themes influenced by unprecedented fiscal policies enacted by the Bank of Japan and the European Central Bank. For investors and advisors who seek gold exposure, there can be a definitive difference in purchasing gold in U.S. dollars as opposed to owning gold predicated in euro and yen terms. Stemming on an investment theme long-advocated for by our partner Dennis Gartman, we believe the currency hedging exposure that GEUR and GYEN offer may provide an added benefit to an investment portfolio's gold allocation."

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Source: Bloomberg; from 1/1/2014 through 12/31/2014

For media inquiries requesting more information on AdvisorShares, please contact Ryan Graham at 202-684-6442 or rg@advisorshares.com. For financial professionals and investors requesting more information, please visit www.advisorshares.com or call the AdvisorShares Investment Consultant Team at 1-877-THE-ETF1 (1-877-843-3831).

About AdvisorShares

AdvisorShares is one of the leading providers of actively managed ETFs. As of January 12, 2015, AdvisorShares offers 24 active ETFs with approximately $1.3 billion of assets under management. AdvisorShares provides educational support to help financial advisors and investors understand the benefits of actively managed ETFs and their underlying investment strategies.

Please visit www.advisorshares.com to register for free weekly economic commentary. For educational insight into the active ETF marketplace, visit www.alphabaskets.com, follow @AdvisorShares on Twitter and 'Like' us on Facebook. Every Thursday at 4:00pm EST, AdvisorShares hosts an educational conference call for Financial Professionals featuring our portfolio managers and leading investment industry experts--Dial: 1-800-977-8002; Code: 777534#

Before investing you should carefully consider the Fund's investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained by visiting the Fund's website at www.AdvisorShares.com. Please read the prospectus carefully before you invest.

Foreside Fund Services, LLC, distributor.

There is no guarantee that the Fund will achieve its investment objective. An investment in the Fund is subject to risk, including the possible loss of principal amount invested. Other Fund risks include: counterparty credit risk; currency risk, derivatives risk, early closing risk, equity risk, Exchange-Traded Vehicle risk, geographic concentration risk, gold risk, liquidity risk, regulatory risk, tax risk and trading risk. The Fund invests in derivatives that may pose risks in addition to those associated with investing directly in securities or other investments, including illiquidity of the derivatives or improper valuation. Please see the prospectus for detailed information regarding risk.



    Press Contact:             Ryan Graham

                               AdvisorShares

                               202-684-6442

                               rg@advisorshares.com

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SOURCE AdvisorShares