Invesco BLDRS Europe Select ADR Index Fund (ADRU)
Invesco BLDRS Europe Select ADR Index Fund operates in the Asset Management - Global industry of the Financial Services sector, headquartered in DE, US. The stock last traded at $21.57, down 0.85% on the session, giving a market capitalisation of $11.9M. Its beta of 0.97 implies it has historically moved less than the broad market.
This investment vehicle's primary objective is to replicate, as closely as possible and before accounting for expenses, the price appreciation and income generation of the S&P/BNY Mellon Europe Select ADR Index (USD). To achieve this, the fund typically allocates virtually all its holdings to the specific securities that constitute this benchmark. The underlying index itself functions as a standard for assessing the price and dividend performance of European Depositary Receipts. It should be noted that this fund is not diversified.
Invesco BLDRS Europe Select ADR Index Fund is most often compared with the following Financial Services names: