(MENAFN - ABN Newswire)
American Depositary Receipts (ADRs) have long offered U.S. investors convenient access to global investment opportunities. Instead of establishing a brokerage account in a foreign country for the purpose of buying shares in an overseas company, U.S. investors can purchase a security that translates to shares of that company in U.S. dollars.
Today, a wide variety of ADRs ” more than 1,400 ” trade on the OTCQX(R), OTCQB(R) and OTC Pink(R) marketplaces, a fivefold increase from just 10 years ago. In the first nine months of 2012, 251 new OTC ADR programs were established. This includes companies in every industry from almost every country across the globe.
To highlight all the great ADRs trading on our marketplaces, this month we partnered with BNY Mellon, the global leader in investment management and investment services, to launch the OTCM ADR Index, the first-ever index of ADRs traded on the OTCQB, OTCQB and OTC Pink marketplaces.
The Index, which can be found under the ticker symbol "OTCDR" on most data terminals, is designed to benchmark the fast-growing and diverse number of ADR investment opportunities available to investors through their U.S. brokers. It is comprised of 535 large-cap international companies traded on our marketplaces. In all, 38 countries are represented across 10 industries.
Press Release From http://www.otcmarkets.com