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AdvisorShares to launch WCM/BNY Mellon Focused Growth ADR ETF

AdvisorShares to launch WCM/BNY Mellon Focused Growth ADR ETF’s subsidiary AdvisorShares Investments will launch the WCM/BNY Mellon Focused Growth ADR ETF in January, the first actively managed exchange-traded fund to invest in international American depositary receipts.

BNY Mellon is the provider of the BNY Mellon Classic ADR Index.

WCM Investment Management, as sub-adviser to the fund, will direct the ETF's investments in a limited number of non-US companies that are dominant leaders in their industries.

The fund will be AdvisorShares' second actively managed ETF. AdvisorShares' Dent Tactical ETF was launched in September. owns 60 per cent of AdvisorShares Investments. chief executive Greg Webster says: "We believe WCM/BNY Mellon Focused Growth ADR ETF may be an efficient and accessible way for investors to capture the potential of high-performing international stocks using this proven active management discipline.”

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