Fund.com has announced that its subsidiary, AdvisorShares Investments, will start the WCM/BNY Mellon Focused Growth ADR exchange-traded fund in January, the first actively managed ETF to invest in international American Depositary Receipts.
"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," said Greg Webster, the CEO of Fund.com, an exchange-traded fund and education provider.
BNY Mellon, a financial company with more than $966 billion of assets under management at Dec. 10, is the provider of the BNY Mellon Classic ADR Index.
