InvestIdeas

Anyone knows what is ADR? For example, if a stock in sgx is listed here, at the same time it had Adr in another exchange, is there any linkage between these 2? For example, enable of riskless artibrage.


Any material difference between dual listing Vs single listing + ADR listing in another country?

ADR stands for American Depository Receipts

In my knowledge, ADR is not considered as a listing in the US exchanges. It merely means that an institution, such as a bank, purchased a sizeable quantity of the stocks from its listed exchange, and places it out in US exchange for trading. One of the reasons for this, is the ease of access to such a stock for the american public. using Rolls Royce as an example, you will understand that it is not as easy for an american to open a brokerage account in London just so he can buy some RR stocks, as if this was available for trading as an ADR.

Abitrages can happen, perhaps in a split second.... there's no free lunch in this world. computers track the differences in prices due to fx fluctuations...and opportunities are seized within a nano-second...

i am not certain if ADRs attract dividends and possess exact similar characteristics as a stock... u need to google for all info, if say you intend to buy hyflux or chartered semicon from an american exchange

Sid,

Try Investopedia. It is a pretty good source of information.

http://www.investopedia.com/terms/a/adr.asp

Hope this helps.

mm

they do pay out their dividends to holders of ADRs and IF i am not mistaken, the voting rights of a holder of ADRs is not the same with that of a common share holder of the stock in the original listed country.

this is one of the banks in the US that does ADRs.

http://www.adrbnymellon.com/dr_edu_basi ... nefits.jsp

Hi all, thanks for the additional info.

There are many products, how on the earth to know all of them

no need to know all.... know those very well that you wana trade in...everything else is just noise...

your poor mona lisa got black eye lah kenny.

greenhoney....

yes,,,, just broke up with him last night.... cant stand the violence

but you been with him for at least 400 years, has he always been abusive? leonardo seems like such a nice guy.

brudder...leonardo's dead a long time..... was referring to the curator