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ADR

Page history last edited by PBworks 15 years, 9 months ago

ADR - American Depository Receipt

 

security issued in the USA to represent shares of a foreign stock.

 

Why?

 

To allow foreign stocks to be traded in the US, on the NYSE, for example

 

Expand the pool of potential investors for foreign companies (US investors easier to invest)

 

Who?

 

There are approximately 700 companies with ADRs

 

Types

 

company sponsored - listed on an exchange

non sponsored - held by investment bank

 

Both types are available to individual investors, but only sponsored ones have daily quoted prices available to the public (on the web, and in print)

 

 

Links:

 

International Money issues

foreign currency trading

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