BNY Mellon has linked up with OTC Markets Group to develop the OTCM ADR Index, the first-ever index dedicated to American Depositary Receipts (ADRs) traded in over-the-counter (OTC) markets. OTC Markets Group is hoping that the launch of the index will generate added interest in the more than 1,400 international ADRs traded across its platforms, and that the index could one day lead to the creation of exchange-traded funds (ETFs) and other passive funds.

Market Vectors Index Solutions, a boutique provider of financial market indices, has introduced the Market Vectors Hedge Fund Beta Indices, a set of four regional and two global indices offering exposure to hedge fund beta. Each index seeks to capture the systematic returns, known in the industry as ‘beta’, of hedge funds with similar investment styles that invest in the same asset classes and same geographic markets.

AdvisorShares, a US-based sponsor of actively managed exchange-traded funds (ETFs), has announced the launch of the AdvisorShares STAR Global Buy-Write ETF (VEGA). The fund seeks consistent repeatable returns across all market cycles by using a proprietary “buy-write” strategy known as ‘Volatility Enhanced Global Appreciation’.

AdvisorShares, a US-based sponsor of actively managed exchange-traded funds (ETFs), recently celebrated the two-year anniversary of its NYSE-listed international active ETF, the WCM/BNY Mellon Focused Growth ADR ETF (AADR).

AdvisorShares, a US sponsor of actively managed ETFs, has announced the launch of the AdvisorShares QAM Equity Hedge ETF (QEH). Listed on the NYSE Arca, QEH aims to provide investors with superior risk-adjusted returns versus the S&P 500 Index by investing in a portfolio of ETFs which echo the style and underlying allocations of the HFRI Equity Hedge (Total) Index. Essentially, QEH offers a form of hedge fund exposure without the requisite time and expertise needed to select individual hedge funds.

AdvisorShares, a US-based sponsor of actively managed ETFs, has announced that the Global Alpha & Beta ETF (RRGR) will commence trading this week on the NYSE Arca. RRGR employs a broadly diversified global asset allocation strategy seeking to outperform diversified financial indices such as a 60/40 allocation to the S&P 500 Index and the Barclays Capital Aggregate Bond Index, while providing lower volatility and reduced risk.