BNY Mellon index serves as benchmark for active international ETF

The fund, listed on NYSE Arca, is designed to provide long-term capital appreciation greater than a range of international benchmarks, including the BNY Mellon Classic ADR index. The new WCM/BNY Mellon Focused Growth ADR ETF is sponsored by AdvisorShares, a firm that works with money managers seeking to combine their investment strategy with an actively managed ETF. The fund has also been launched in conjunction with WCM, which provides a range of techniques for security selection and portfolio construction. WCM had around $1.4bn in asset under management as of December 31, 2009. B...