AdvisorShares to Launch Actively Managed International ETF

AADR is sub-advised by institutional money manager WCM Investment Management (WCM). BNY Mellon will provide the primary benchmark to the fund as well as expertise within the American Depositary Receipts (ADR) industry to the portfolio management team.  

According to a press release, the investment objective of AADR is long-term capital appreciation above international benchmarks such as the BNY Mellon Classic ADR Index and the MSCI EAFE Index. AADR strives to provide a high-quality, large-cap growth portfolio for the non-U.S. universe.   

The portfolio, which includes developed and emerging markets, is purposely very different from international benchmarks and other international funds, the announcement said. WCM achieves this differentiation by concentration (20-30 holdings) and an emphasis on traditional growth sectors such as technology, health care, and consumer staples/discretionary.   

The AADR portfolio management team seeks to invest in businesses that appear likely to benefit from long-lasting global trends, growing competitive advantages and a superior corporate culture.