AdvisorShares will launch a new multi-strategy ETF tomorrow

|About: AdvisorShares Sunrise G... (MULT)|By:, SA News Editor

The AdvisorShares Sunrise Global Multi-Strategy ETF (MULT) will roll out on July 9th, featuring an active long/short strategy.

MULT will have an expense ratio of 189 basis points and feature coverage of a variety of asset classes through ETFs, futures, foreign currencies, and U.S. Treasurys.

The fund structure is similar to the IQ Hedge Multi-Strategy Tracker ETF (QAI), a veteran multi-strategy fund which features an expense ratio of 94 basis points and has returned 3.5% since the start of the year.

Other hedge fund replication ETFs: MCRO, HDG, QEH