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AdvisorShares lowers total net expense ratio for international equity ETF

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AdvisorShares, a sponsor of actively managed exchange-traded funds (ETFs), has lowered the total net expense ratio of the AdvisorShares Dorsey Wright ADR ETF (AADR) to 0.89 per cent, by contractually agreeing to reduce the fund’s expense limitation from 0.98 per cent to 0.88 per cent.  

The actively managed AADR has experienced increasing investor demand and recently surpassed USD260 million in assets under management, which in turn has made the ETF more operationally-efficient allowing a reduction in its operating expenses. AADR, which also lowered its total net expense ratio in November 2017, carries a five-star Morningstar rating for its overall risk-adjusted performance and ranks among the top-performing international equity strategies among both mutual funds and ETFs.

“As we’ve previously indicated, and are now fortunate to realise, we believed AADR’s continuous growth would lead to another opportunity to lower its total net expense ratio,” says Noah Hamman chief executive officer of AdvisorShares. “AADR has consistently delivered benchmark-beating performance with full-transparency and we’re pleased that its shareholders may further benefit from this announcement. We feel that with Dorsey Wright’s exemplary portfolio management and their renowned expertise in relative strength investing, AADR may continue to see increased demand especially as its availability expands on different investment platforms.”

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