VelocityShares plans three emerging markets ADR ETFs
VelocityShares is planning to launch three emerging markets exchange-traded funds, according to filings made with the Securities and Exchange Commission.
ALPS Advisors, which will act as the adviser to the three ETFs, will seek to replicate the funds’ underlying indexes by ‘investing American depository receipts (ADRs) and London Stock Exchange-traded global depository receipts (GDRs).
BNY Mellon is the index provider for the three funds.
The VelocityShares Emerging Market Depositary Receipt ETF will be based on the BNY Mellon Emerging Markets DR Index, while the VelocityShares Russia Select Depositary Receipt ETF and the VelocityShares Emerging Asia Depositary Receipt ETF will be based on the BNY Mellon Russia Select DR Index, and the BNY Mellon Emerging Asia DR Index, respectively.
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