Invesco BLDRS Emerging Markets 50 ADR Index Fund (ADRE)
Invesco BLDRS Emerging Markets 50 ADR Index Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Downers Grove, IL, US. The stock last traded at $38.20, up 0.16% on the session, giving a market capitalisation of $128.0M. Its beta of 1.10 implies it has historically moved more than the broad market.
This Invesco fund is designed to replicate the investment performance of a specific index. This benchmark index is developed by a licensor, sourcing its constituents from the universe of Depositary Receipts defined by the S&P/Bank of New York Mellon ADR Composite Index. The fund's strategy involves typically allocating a minimum of 95% of its total assets to the Depositary Receipts that comprise this index. Its goal is to achieve investment results consistent with those of the index, without factoring in its own fees and expenses. Notably, the fund is structured as a non-diversified investment vehicle.
Invesco BLDRS Emerging Markets 50 ADR Index Fund is most often compared with the following Financial Services names: