NASDAQ OMX Lists AdvisorShares Sunrise Global Multi-Strategy ETF (Symbol

MULT)

Alternative Multi-Strategy Actively Managed ETF to Begin Trading on July 9, 2014

NEW YORK, July 8, 2014 (GLOBE NEWSWIRE) -- NASDAQ OMX today announced that AdvisorShares, Bethesda, MD.-based sponsor of actively managed exchange traded funds (ETFs) will launch a new ETF on Wednesday, July 9, 2014. AdvisorShares Sunrise Multi-Strategy ETF (Symbol: MULT) will list on The NASDAQ Stock Market^® (NASDAQ^®).

"We are pleased to bring another compelling actively managed ETF offering on NASDAQ OMX," said Noah Hamman, CEO of AdvisorShares. "With Sunrise Capital Management serving as MULT's portfolio manager, we believe that we're providing yet another compelling alternative investment solution from a manager with an established expertise - all through the daily transparency, intra-day liquidity and overall efficiency of an actively managed ETF for financial advisors and investors to access through."

MULT seeks to provide long-term total returns through a multi-model and multi-strategy quantitative investment approach by tactically investing both long and short through a variety of asset classes using ETFs, futures, foreign currencies and U.S. Treasuries. MULT is managed by Sunrise Capital Partners, LLC ("Portfolio Manager"), a San Diego-based SEC registered investment adviser with over three decades of experience in quantitative asset management. The Portfolio Manager looks to achieve MULT's investment objective through a quantitative approach that is designed to be agnostic to the economic environment, across all financial markets including global equity, bond and currency. By doing so, MULT continually assesses over 50 global markets using a suite of diversified systems that concentrate on trend following, sector rotation, momentum, and reversionary patterns.

"As a home to the world's most innovative ventures, NASDAQ OMX generates opportunities for issuers to access new markets and deliver new concepts that change the way the industry develops, manages and applies Exchange Traded Products," said Dave LaValle, Head of Exchange Traded Product Listings at NASDAQ OMX. "We are thrilled to list MULT with our good partners at AdvisorShares and we appreciate their confidence in choosing the NASDAQ marketplace for ETFs."

NASDAQ OMX operates an efficient platform for successfully introducing a product suite into one of the single largest pools of liquidity, including market participants which represent a full spectrum of investors. ETF issuers benefit from an end-to-end solution that provides ongoing product support at every level including index licensing, listings opportunities, data offerings and trading services. As a home to the world's most innovative ventures, NASDAQ OMX generates opportunities for issuers to access new markets and deliver new concepts that change the way the industry develops, manages and applies ETFs.