ADRU Profile
BLDRS
Europe 100 ADR Index Fund (ADRU) is an exchange-traded fund (ETF) that
seeks to provide investment results that correspond generally to the
price and yield performance of the BNY Mellon Europe 100 ADR Index.
The BNY Mellon Europe 100 ADR Index is a market
capitalization-weighted index that is designed to track the
performance of the largest and most liquid American Depositary
Receipts (ADRs) traded on U.S. exchanges for companies based in
Europe. ADRs are securities that represent ownership in a foreign
company and are traded on U.S. stock exchanges.
As an ETF, ADRU
seeks to provide investors with exposure to the performance of the BNY
Mellon Europe 100 ADR Index through a diversified portfolio of ADRs
from Europe. The ETF is designed to provide investors with an easy and
efficient way to invest in a diversified portfolio of ADRs from
European companies.
ADRU's portfolio is primarily composed of
ADRs from companies based in developed markets in Europe. The top
holdings in the ETF's portfolio include ADRs from companies such as
Nestle, Roche, and Novartis in Switzerland, and Royal Dutch Shell,
Unilever, and BP in the United Kingdom.
The ETF has an expense
ratio of 0.30%, which is relatively low compared to other actively
managed funds. ADRU's net asset value (NAV) has grown over time,
reflecting the performance of the underlying index and the market
capitalization of the ADRs in the portfolio.
However, as with
all investments, ADRU is subject to various risks and uncertainties,
including changes in the global economy, political and regulatory
changes, and fluctuations in currency exchange rates. In addition, the
performance of ADRs may be affected by factors such as changes in
interest rates, inflation, and market sentiment.
Overall, BLDRS
Europe 100 ADR Index Fund (ADRU) is an ETF that seeks to provide
investors with exposure to a diversified portfolio of ADRs from
European companies. The ETF provides investors with an easy and
efficient way to invest in ADRs and has a relatively low expense
ratio. However, the performance of ADRs and the ETF's portfolio is
subject to various risks and uncertainties associated with the global
economy and financi
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