BETHESDA, Md., March 19, 2013 /PRNewswire/ -- AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), announced today that the Newfleet Multi-Sector Income ETF (NYSE Arca: MINC) will open for trading on Wednesday, March 20, 2013. MINC is sub-advised by Newfleet Asset Management, an affiliated manager of Virtus Investment Partners, Inc. that has an established track record of delivering widely acclaimed fixed income strategies for their clients. (Logo: http://photos.prnewswire.com/prnh/20110909/PH64986LOGO) The investment objective of MINC seeks to provide current income consistent with preservation of capital, while limiting fluctuations in net asset value (NAV) due to changes in interest rates. In doing so, Newfleet's experienced portfolio management team utilizes a three-step process that focuses on sector analysis and allocation, security selection and portfolio construction. Utilizing an opportunistic approach to active management by overweighting and underweighting 14 different bond sectors, the portfolio manager aims to build a diversified and tactical portfolio that seeks to fulfill its investment objective. "The track record of Virtus and Newfleet in their actively managed mutual fund family is well established," said Noah Hamman, chief executive officer of AdvisorShares. "In bringing MINC to market, we feel shareholders can benefit from their fixed income experience now accessible with the intraday liquidity and operational efficiency of an actively managed ETF. Additionally, we feel investors and financial advisors in search of yield with an actively managed short duration bond ETF may find MINC as a desirable alternative to other short-term investment options." "We believe our value-driven portfolio management approach, which focuses beyond the typical core bond sectors, can allow MINC shareholders to realize their investment goals. We look forward to providing our expertise in fixed income investment management to an actively managed ETF," said David L. Albrycht, CFA, president and chief investment officer of Newfleet. "The partnership with AdvisorShares on MINC also allows us to extend our distinctive investment capabilities to additional product structures." For media inquiries requesting more information on AdvisorShares, please contact Ryan Graham at 202-684-6442 or firstname.lastname@example.org. For financial professionals and investors requesting more information, please visit www.advisorshares.com or call the AdvisorShares Investment Consultant Team at 1-877-THE-ETF1 (1-877-843-3831). To sign up for our free weekly economic commentary, please register at www.advisorshares.com. For insight into the ETF marketplace, please follow AdvisorShares on Twitter and 'Like' us on Facebook. Every Thursday at 4:00pm EDT, AdvisorShares hosts an educational conference call for Financial Professionals featuring our portfolio managers and leading investment industry experts—Dial: 1-800-977-8002; Code: 777534# About AdvisorSharesAdvisorShares is one of the leading providers of actively managed ETFs. As of 3/15/2012 AdvisorShares offers 17 active ETFs with approximately $630,000,000 of assets under management. About Newfleet Asset Management Newfleet Asset Management, an affiliated manager of Virtus Investment Partners, provides comprehensive fixed income portfolio management, including multi-sector, enhanced core, and core plus strategies and dedicated sector strategies such as emerging markets debt, bank loans and high yield. Newfleet leverages the knowledge and skill of a team of investment professionals with expertise in every sector of the bond market, including evolving, specialized, and out-of-favor sectors.