NYSE Euronext (NYX) announced that its wholly-owned subsidiary, NYSE Arca, today began trading the WCM / BNY Mellon Focused Growth ADR ETF (Ticker: AADR). The ETF is sponsored by AdvisorShares, and sub-advised by WCM Investment Management (“WCM”)…..
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The Fund’s investment goal is long-term capital appreciation above international benchmarks such as the BNY Mellon Classic ADR Index, the Fund’s primary benchmark, and the MSCI EAFE Index, the Fund’s secondary benchmark. WCM seeks to achieve the Fund’s investment objective by selecting a portfolio of U.S. traded securities of non-U.S. organizations, most often American Depositary Receipts (ADRs), included in the BNY Mellon Classic ADR Index. The Fund’s investment focus follows WCM’s core philosophy of investing in what it believes are industry-leading non-U.S. organizations, led by visionary management teams with sound business strategies.
Source: ETFWorld – NYSE Arca
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