AdvisorShares Rolls Out Another Active ETF

AdvisorShares, the Bethesda, Maryland-based firm that burst on to the ETF scene last year with a fund linked to the investing theories furthered by Harry Dent, continues to expand its presence in the active ETF space. The latest ETF from the firm is the WCM/BNY Mellon Focused Growth ADR ETF (AADR), a fund that seeks long-term capital appreciation above international benchmarks such as the MSCI EAFE Index and the BNY Mellon Classic ADR Index. AADR will offer investors exposure to a large-cap growth portfolio consisting of non-U.S. stocks. The fund’s assets will generally be concentrated in between 20 and 30 individual securities, with a focus on traditional growth sectors such as technology, health care, and consumer goods/services. At its launch, AADR’s largest holdings consisted of Chinese search engine firm Baidu (5.9%), Walmart de Mexico (5.7%), consumer goods retailer Li & Fung (5.7%), and Israeli drug manufacturer Teva Pharmaceutical (5.1%). AADR may have [...] Click here to read the original article on ETFdb.com. Related Stories: ETF Pipeline: Another Active ETF AdvisorShares Launches Mars Hill Global Relative Value ETF (GRV) Handicapping The Active ETF Race