Industry description
The investment seeks to provide investment results that correspond generally, before fees and expenses, to the total return of the ordinary shares of Shell plc in its local market.
The Series, under normal circumstances, invests at least 95% of its net assets in ADRs of the Shell plc. The Series will not invest directly in the Company. ADRs are receipts, issued by an American bank or trust issuer, which evidence ownership of underlying securities issued by a non-U.S. issuer. Generally, ADRs, issued in registered form, are designed for use in the U.S. securities markets. The fund is non-diversified.
High and low price notable news
The average weekly price growth across all stocks in the Shell plc ADRhedged ETF was 7%. For the same ETF, the average monthly price growth was 9%, and the average quarterly price growth was 17%. SHEL experienced the highest price growth at 6%, while SHEL experienced the biggest fall at 6%.