VelocityShares has launched three exchange-traded funds that invest in emerging market depositary receipt. The VelocityShares Emerging Market DR ETF ( EMDR), VelocityShares Emerging Asia DR ETF (ASDR), and VelocityShares Russia Select DR ETF (RUDR) all track BNY Mellon indexes.
“As investors look to further diversify their portfolios there is increased interest in emerging market equities, and American Depositary Receipts and Global Depositary Receipts enable investors to access emerging market equities with the comfort of developed market securities regulation,” Nick Cherney, chief investment officer and co-founder of VelocityShares said, in a release.
Each fund carries a price tag of 65 basis points. ALPs is the funds’ distributor.