VelocityShares Files For VelocityShares Emerging Asia Depositary Receipt ETF
VelocityShares has filed paperwork with the SEC for a “VelocityShares Emerging Asia Depositary Receipt ETF.” The Fund seeks investment results that replicate as closely as possible, before fees and expenses, the performance of its underlying index, the BNY Mellon Emerging Asia DR Index. They did not specify a trading symbol or expense ratio in the initial filing.
Principal Investment Strategies
ALPS Advisors, Inc. (the “Adviser”) will seek to match the performance of the Underlying Index. The Underlying Index is an index designed to track the performance of depositary receipts of companies located in “emerging Asian” countries. The Underlying Index is comprised of U.S. exchange-listed American Depositary Receipts (“ADRs”) and London Stock Exchange (“LSE”)-traded Global Depositary Receipts (“GDRs”). The Fund seeks investment results that correspond generally to the performance, before fees and expenses of the Underlying Index by investing in ADRs and GDRs which comprise the Underlying Index.
The Euro’s Demise Has Been Set in Motion: Are you protected?
"Nationalism will emerge. Healthier countries will not see fit to spend their hard earned money to bail out their less responsible neighbors."
CLICK HERE to get your Free E-Book, “Why It’s Curtains for the Euro”
Depositary receipts are issued by a bank that purchases shares of a non-U.S. company and issues shares based on the foreign holdings. ADRs are depositary receipts that trade on a U.S. exchange and thus are subject to registration and disclosure requirements under the Securities Acts of 1933 and Securities Exchange Act of 1934, each as amended. GDRs are depositary receipts which trade on the LSE.
For the complete filing click: HERE
Most Comments