ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund
What is ADRE?
ADRE tracks a market-cap-weighted index of roughly 50 depositary receipts from emerging markets.
ADRE Factset Analytics Insight
The fund is closing. The last day of trading on an exchange is March 30, 2023. ADRE, the oldest of the emerging market large-cap ETFs, launched at a time when international ETFs were just starting to take hold. As such, the fund tracks a cautious index of just ADRs, a concession that fund issuers don't tend to make anymore, opting instead for local shares. The ADR-only strategy has real repercussions, both good and bad. On the good side, the Tradability score for ADRE can be high, in no small part because large share blocks can be easily created by market makers. On the downside, ADRE can have strong country biases that differ from the true market portfolio. ADRE ultimately offers (relatively) liquid exposure to some big names in emerging markets, but it has portfolio tilts worth a closer look. Effective April 1, 2019, S&P Dow Jones Indices acquired the ownership rights to the index and as such, added their name to the index. On April 1, 2022, the index name dropped the reference to BNY Mellon.7
ADRE Summary Data
ADRE Portfolio Data
ADRE Index Data
ADRE Portfolio Management
ADRE Tax Exposures
ADRE Fund Structure
Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of ADRE. ADRE is rated a 5 out of 5.
ADRE Sector/Industry Breakdown
ADRE Top 10 Holdings
ADRE Performance Statistics
ADRE Economic Development
ADRE Benchmark Comparison Summary
ADRE Benchmark Comparison Market Cap Size