First Trust WCM Developing World Equity ETF (WCME)

The First Trust WCM Developing World Equity ETF is an actively managed fund sponsored by First Trust Advisors, with WCM Investment Management serving as subadviser.

The fund invests in stocks of companies located in or economically tied to emerging and developing markets. WCM, based in Laguna Beach, California, uses a fundamental, bottom-up process that looks for businesses with expanding competitive advantages, often described as a widening economic moat, and corporate cultures it believes can support that growth.

The portfolio is built from individual stock selection rather than by tracking an index, so its country and sector exposures can differ from typical emerging market benchmarks. First Trust is based in Wheaton, Illinois.