Lebed.biz Alert – FNDM’s CEO was President of HSBC!
Fund.com Inc. (FNDM)‘s CEO Gregory Webster was previously President and CEO of HSBC Brokerage (USA) Inc., one of the largest banks in the world, where he was responsible for approximately $32.5 billion of client assets!
In my opinion, Gregory Webster has the experience and contacts needed to help FNDM revolutionize the ETF industry with new actively managed ETFs!
FNDM‘s ETFs are formed through their 60% owned AdvisorShares Investments, LLC. The CEO of AdvisorShares is Noah Hamman. During his career, Noah Hamman has launched 40 ETFs! He was the former Head of Product Development for Rydex Securities, which sold to Security Benefits for $776 million, and was also a managing director at Fidelity.
FNDM‘s first ETF Dent Tactical is already trading today under the symbol "DENT". It seeks long term growth of capital by identifying, through proprietary economic and demographic analysis, the overall trend of the U.S. and global economies and how consumer spending patterns may change based on this analysis. DENT is actively managed by legendary fund manager Harry S. Dent who has previously raised and managed a $1.7 billion dollar mutual fund and is a New York Times best selling financial author.
FNDM‘s 60% owned AdvisorShares is expected to launch, literally any day now, their second ETF, WCM/BNY Mellon Focused Growth ADR ETF (AADR). It will invest in international American Depositary Receipts or ADRs and is being created in partnership with BNY Mellon, one of the world’s leading financial institutions with more than $966 billion in assets under management as of Dec. 10.
Check out this SEC filing I just discovered: http://www.sec.gov/Archives/edgar/data/1408970/000114420409066692/v170092_485apos.htm
FNDM‘s 60% owned AdvisorShares just filed with the SEC this month to create yet another ETF called HTE Global Relative Value ETF (GRV). If approved, GRV will trade on the NYSE!
According to the SEC filing, GRV will be considered a “fund-of-funds” that seeks to achieve its investment objective by primarily investing in both long and short positions in other exchange-traded funds that offer diversified exposure to global regions, countries, styles or sectors, and other exchange-traded products, including but not limited to exchange-traded notes, exchange-traded currency trusts and closed-end funds.
FNDM has not even announced this proposed new ETF in a press release yet!
FNDM did recently announce that AdvisorShares just hired a Director of Marketing and a new Regional Business Consultant. FNDM appears to be positioning themselves for huge growth!
FNDM reminds me of when I made WisdomTree Investments Inc (WSDT) my pick on December 1st, 2004 at $0.79, which later went on to hit a high of $9.94 for a gain of 1,158%! In my opinion, FNDM has the potential to revolutionize the ETF industry like WSDT did years ago!
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My firm Lebed Biz LLC has been compensated by a third-party (Wall Street Grand, LLC) $20,000 cash for a one-month FNDM investor relations contract. Never invest into a stock we discuss unless you can afford to lose your entire investment. For our full disclaimer go to: www.lebed.biz/disclaimer.htm
Jonathan Lebed
Lebed.biz
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Lebed.biz
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