First Trust WCM Developing World Equity ETF
WCME
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Oct 7, 2024
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust WCM Developing World Equity ETF (WCME) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing at least 80% of its net assets in equity securities of companies located in developing countries, including emerging and frontier markets; these investments may encompass common stocks, depository receipts, and securities across various market capitalizations selected for their positive fundamentals and industry-leading positions. The fund, a series of First Trust Exchange-Traded Fund, is advised by First Trust Advisors L.P. and sub-advised by WCM Investment Management, LLC; it trades on the NYSE Arca exchange and targets institutional and retail investors seeking exposure to high-growth opportunities in non-U.S. developing markets worldwide, including Asia, Latin America, and other regions. Launched on March 31, 2020, and headquartered in Wheaton, Illinois, the issuer First Trust manages approximately $9.3 million in assets under management for WCME with a net expense ratio of 0.95%. In a significant strategic reorganization completed on October 7, 2024, the fund acquired the assets and adopted the performance history of the WCM Developing World Equity Fund, a mutual fund series of Investment Managers Series Trust, enhancing its historical track record while maintaining substantially similar investment policies; this transaction was part of a broader set of reorganizations involving WCM-managed funds transitioning to First Trust ETF structures, including the WCM Focused Global Growth Fund and WCM International Equity Fund. No additional major acquisitions, funding rounds, partnerships, or new product launches have been reported for WCME in the last 1-2 years beyond this asset acquisition and routine quarterly distributions announced through December 2024. The fund remains non-diversified, concentrating holdings in a limited number of issuers, with recent top positions including ASM International N.V., Tata Consultancy Services Limited, and others spanning technology, energy, and healthcare sectors in developing economies.