AdvisorShares Active ADR ETF Debuts


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AdvisorShares, the Bethesda, Md.-based boutique firm known for its actively managed exchange-traded fund strategies, today launched the world's first active fund focused on American depositary receipts, the company said in a press release.

The WCM/BNY Mellon Focused Growth ADR ETF (NYSEArca:AADR) has a net expense ratio of 1.25 percent, according to information on AdvisorShares' Web site. The portfolio, which includes developed and emerging markets, focuses on 20 to 30 holdings, and emphasizes traditional growth sectors such as technology, healthcare as well as consumer staples and discretionary items.

The new ETF joins a number of broad-based exchange-traded ADR offerings already on the market, such as the BLDRS Developed Markets 100 ADR (Nasdaq:ADRD) or the RevenueShares ADR ETF (NYSEArca:RTR), which weights stocks based on revenues of companies in the index.

ADRs are shares of a non-U.S. company trading in U.S. financial markets.

Don't forget to check's ETF Data section.

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This article appears in: Investing , ETFs
More Headlines for: ADRD , RTR

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