AdvisorShares to Introduce Equity Hedge ETF

AdvisorShares, one of the largest sponsors of actively managed ETFs, will introduce the QAM Equity Hedge ETF (NYSE: QEH) on Wednesday August 8, 2012. The new ETF will be sub-advised by Commerce Asset Management, which has about $700 million in assets under management.The QAM Equity Hedge ETF will be actively managed and employ an actively managed long/short strategy."We're excited about our partnership with CAM and bringing QEH to market, providing an alternative strategy and expected return stream that was previously beyond the reach of an average investor but now available with the transparency and liquidity of an actively managed ETF," AdvisorShares CEO Noah Hamman said in a statement.QEH invests in a diversified portfolio of securities such as ETFs, ETNs and currencies and the fund's net market exposure typically ranges from 40 percent to 60 percent, according to the AdvisorShares Web site. QEH will have an annual expense ratio of 1.64 percent.For more on ETFs, click here.