Big News!!

The following press release was sent out late yesterday;

AdvisorShares Announces Partnership with Roger Nusbaum, CIO of Your Source Financial

Partnership Will Create an Actively Managed ETF That Will Seek to Generate Alpha Across Global Market and Asset Classes

BETHESDA, Md., Sept. 21, 2011 /PRNewswire via COMTEX/ -- AdvisorShares Investments, LLC, a sponsor of actively managed Exchange Traded Funds (ETFs), today announced a partnership with Roger Nusbaum and his colleagues at Your Source Financial, a Phoenix, Arizona investment management firm, to develop an actively-managed ETF. The proposed ETF will take a top down perspective, focusing on global asset allocation and individual security selection utilizing both long and short market exposure.

Chief Investment Officer Roger Nusbaum is a leading expert in ETF analysis and market commentary through his blog at http://randomroger.blogspot.com . Roger will work with AdvisorShares to develop a similar strategy as the one he often writes about and offers to his clients. "What's important to us when constructing portfolios is assessing whether the environment for stocks is positive or negative, assessing big, important themes that could move markets, and assessing where we are in the current stock market and economic cycles. We then take all of these current events, combined with a study of similar periods in market history, to build a forward-looking analysis of what we expect to happen in the market."

Noah Hamman, CEO and Founder of AdvisorShares said, "Many investors know noted market expert Roger Nusbaum for his Random Roger stock market blog and his frequent contribution to media outlets such as CNBC, but more importantly through his analysis of ETFs, and for the transparency he provides to reading of how he manages assets. We look forward to working with Roger and his team in creating a unique ETF solution for investors that provides both broad and targeted investments through his use of individual equities, ADRs, bonds, and ETFs."

To request more information on AdvisorShares, please contact Noah Hamman or Chuck Robertson at 202-657-6383, nh@advisorshares.com or cr@advisorshares.com.

There is still a long road with many tasks to be done in order for the fund to list. It turns out "he seems like a cool dude" isn't quite sufficient (humor attempt). There are a lot of restrictions about what can and cannot be said including strategy and ticker symbol ideas however if you've been reading this site for while then you might have an inkling. We scrapped the idea of a niche fund focusing solely on the greasy wool industry group (another humor attempt).

Needless to say I am beyond thrilled and very grateful to AdvisorShares for giving us the opportunity to do this. I will repeat that there are quite a few steps along the way but I am very optimistic this will come to fruition.

I also need to thank you all for reading my content. That I have built a following over the years with my writing, aside from having always been surprising to me, has contributed to getting this opportunity. I will continue to update the progress as this moves forward and as is allowed.