Bringing you live news and features since 2006 

WCM/BNY Mellon Focused Growth ADR ETF outperforms since launch

RELATED TOPICS​

AdvisorShares’ international active exchange-traded fund, the WCM/BNY Mellon Focused Growth ADR ETF (AADR), has outperformed all broadly comparable foreign large cap indices since its inception two years ago. 

AADR is sub-advised by WCM Investment Management, an institutional money manager with over USD1.6bn assets under management. 

BNY Mellon, the world’s largest depositary for American Depositary Receipts (ADRs) provides expertise to the portfolio management team as well as to all other market intermediaries.

AADR, which seeks long-term capital appreciation by using domestically-traded equity ADRs in its portfolio, has proved to provide alpha within the ETF structure that allows transparency, liquidity and better operational and tax efficiency. 

As of 31 July and since inception (20 July 2010), AADR has outperformed the MSCI EAFE Index and the BNY Mellon Classic ADR Index with lower beta and higher alpha, and a low correlation to those respective indexes. Additionally, when compared to its benchmark indexes, AADR had a substantially less drawdown further defining its risk-adjusted performance attributes as a better risk-adjusted option for investors.

“We’re proud to mark this milestone with WCM and BNY Mellon,” says Noah Hamman, chief executive officer of AdvisorShares. “Prior to bringing AADR to market, WCM’s portfolio management was exclusive to an institutional client base, but now via a ticker symbol, any investor can access this high-quality international strategy, which has displayed effective risk management in challenging market conditions while outperforming its benchmarks since inception.”

Kurt R Winrich, chairman and co-chief executive of WCM, says: “Through our partnership with AdvisorShares and BNY Mellon, we’re pleased to have established wider investor access to a strategy, associated with a seven-year institutional track record, but wrapped in a fully-transparent actively managed ETF vehicle. We believe our success is anchored in our long-term investment approach of focusing on fundamentals and equity research, to best help AADR shareholders reach their investment goals.”

Latest News

US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
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