AdvisorShares WCM/BNY Mellon Focused Growth ADR ETF (NYSEArca: AADR) has built up an impressive three-year track record with the actively managed fund outdistancing its benchmark by a significant margin.
AADR joins PIMCO Enhanced Short Maturity (NYSEArca: MINT) as the only active ETFs to earn four-star rankings from investment researcher Morningstar.
AADR sports a three-year annualized return of 10.6%, compared with 8.3% for the MSCI EAFE, its benchmark and a common yardstick for international developed markets. The ETF was launched in July 2010.
“For any investor looking to get diversification with their international equity portfolio, AADR presents a viable option that has been validated for its performance,” AdvisorShares said in a statement.
The ETF is sub-advised by WCM Investment Management, an institutional money manager with over $2 billion of assets under management. BNY Mellon also lends its expertise to the portfolio management.
AADR is relatively small with about $8.5 million of assets. However, the ETF’s index-beating three-year track record could attract more investors. It charges an expense ratio of 1.25%. [Hidden Gem Among Actively Managed ETFs]