Bringing you live news and features since 2006 

globe

International ETF linked to BNY Mellon’s Classic ADR Index

RELATED TOPICS​

BNY Mellon’s Classic ADR Index has been selected as the referenced index for a new actively managed international exchange-traded fund to be listed in the US.

The fund’s investment objective is long-term capital appreciation greater than international benchmarks, such as the BNY Mellon Classic ADR Index, which is the fund’s primary benchmark.

The WCM/BNY Mellon Focused Growth ADR ETF is sponsored by AdvisorShares Investments.

The new ETF will trade on the New York Stock Exchange under the symbol AADR.

"In bringing AADR to market, we believe investors who are looking to diversify their portfolios have a more efficient mechanism to invest globally," says Michael Cole-Fontayn, chief executive officer of BNY Mellon’s depositary receipts business. "As a company, BNY Mellon continues to place a high level of importance on devoting resources to developing creative and unique products, as evidenced by the 18 ETFs benchmarked to the family of BNY Mellon DR Indices that trade in the US, Canada and Korea."

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
ETFs
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by