The investment seeks investment results that exceed the risk adjusted performance of approximately 50% of the long/short equity hedge fund universe.
The fund is a ''fund of funds'' that seeks to achieve its investment objective by investing primarily in both long and short positions in other ETFs and exchange-traded notes ("ETNs") that offer diversified exposure to global regions, countries, investment styles (i.e., value, growth), sectors and industries. It may use swaps based on published indices, including international indices. The fund also may invest in exchange-traded currency trusts (collectively, with ETFs and ETNs, "ETPs").
Links:  http://www.globalfunddata.com/funds/new/performance/management?variant=AdvisorShares
 http://www.globalfunddata.com/funds/new/performance/domicile?variant=United States
 http://www.globalfunddata.com/funds/new/performance/fund_administrator?variant=The Bank of New York Mellon
 http://www.globalfunddata.com/funds/new/performance/strategy?variant=Long/Short Equity
 http://www.globalfunddata.com/funds/new/performance/structure?variant=Open Ended Investment Company
 http://www.globalfunddata.com/funds/new/performance/city?variant=Bethesda___United States
 http://www.globalfunddata.com/funds/new/performance/country?variant=United States
 http://www.globalfunddata.com/funds/new/performance/custodian?variant=The Bank of New York Mellon
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