Paoli, Pennsylvania-based RevenueShares Investor Services, a division of Pacer Financial, has launched the RevenueShares ADR Fund, which is traded on the New York Stock Exchange’s Arca pla
Paoli, Pennsylvania-based RevenueShares Investor Services, a division of Pacer Financial, has launched the RevenueShares ADR Fund, which is traded on the New York Stock Exchange’s Arca platform.
The fund will rebalance by company revenue the securities included in the S&P ADR Index, a US dollar-denominated index of the non-US companies contained in the S&P Global 1200 index.
‘The RevenueShares ADR Fund is being launched to meet the demand from investors for a diversified international ETF with the upside of revenue-weighting,’ says Sean O’Hara, president of RevenueShares Investor Services.
‘Relying on an ADR index gives investors the clarity, transparency and standardisation that many international funds cannot claim. The fund combines the advantages of ADR investing with the benefits of the ranking of an S&P Index by revenue.’
O’Hara says the S&P ADR Index provides greater diversification than funds that track the MSCI EAFE Index, which only includes Europe, Australasia and East Asia. The RevenueShares ADR Fund also includes Canada, Mexico and South America.
