Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [adr]

An American Depositary Receipt (ADR) is a financial instrument that is used to represent one or more shares of stock in a foreign company.

An American Depositary Receipt (ADR) is a financial instrument that is used to represent one or more shares of stock in a foreign company. ADRs are listed on U.S. stock exchanges.

Generally ADRs pay a dividend which makes them attractive to investors, although they might also expose the owner to foreign tax liabilities.

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Is there extra risk in owning an ADR vs. the underlying stock?

One of my favorite on-again-off-again recovery plays is Mittal Steel (NYSE: MT). I buy the MT ADR there (American Depositary Receipt) because I live in the US. Am I exposing myself to any extra risk owning the ADR instead of the underlying stock?…
John Shedletsky
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What happened to the shares of Lukoil ADR that I bought on the London Stock Exchange?

I have some ADR shares of PJSC Lukoil (LKOD, US69343P1057) that I bought on the London Stock Exchange via Interactive Brokers. I noticed that now I can neither sell my shares nor buy more of them. What happened to those shares? It seems that the…
Flux
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Are share prices for a company which is listed on multiple exchanges, under multiple currencies, kept in synch?

If a company is listed on two exchanges, say, with share prices in both USD and EUR, are the prices kept in synch with each other, or allowed to float independently? If the prices are coordinated, how is the calculation made to make sure they are in…
blueberryfields
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Which should I buy: F shares or ADRs?

Given the choice between a stock with a five-letter ticker that ends with "F" and one that ends with "Y", which should I buy? Lots of foreign companies have both F-shares and Y-shares traded on OTC Markets in the US. For example, Imperial Brands…
Flux
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Am I exposed to currency risk when I invest in shares of a foreign company that are listed domestically?

If a multinational firm based in country A is listed in both country A and country B, and I invest in this firm as a resident of country B through country B's stock exchange, either through something like an ADR or because the company is listed…
Jase
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Should an ADR that is being delisted be sold off?

Recently I received notice that an ADR from a stable company (i.e. NZT) is going to be delisted from the NYSE to save on the administrative costs. The company itself is solid and regularly distributes dividends to share holders. Furthermore, they…
anonymous
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Do you lose ADRs Investment if the issuing Bank goes bankrupt?

If I buy a Foreign Country Stock through an ADR eg, Citibank and JPMorgan. And then The US banks almost go broke/bankrupt during the 2008 meltdown (as example), would I lose my ADR and investment, or would I still hold the underlying stock ?
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What is the fee charged for ADRs, which is deducted when dividends are paid?

My brokerage charges me a fee to hold ADRs; this fee is deducted anytime the ADRs pay dividends. I'm told that this is a standard fee and could not be negotiated. Is this fee truly carved in stone, or do some brokerages charge different fees (or…
Tony the Pony
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Will ADR owner enjoy same benefit as common shares holders

Currently, I would like to invest in the stock of HSBC. Details on Google Finance Details on Yahoo Finance I am not sure whether I should purchase from the Hong Kong or US stock market. What I know is that on the US stock market HSBC is listed as an…
Cheok Yan Cheng
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What are "Tax Relief Fees" on American Depositary Receipt (ADR) dividends?

I noticed that a "Tax Relief Fee" is usually deducted from ADR dividends. Consider AXA ADR's (OTC: AXAHY) 2020 cash dividend announcement, which includes a "Tax Relief Fee" of $0.005 per share: Also consider Sony ADR's (NYSE: SNE) 2020 semi-annual…
Flux
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Is owning ADR share for a good idea for long term investor

I am pretty new to ADR concept. Just that recently, I realize by owning ADR, I will be charged an amount of fee. http://www.investopedia.com/ask/answers/06/adrdepositorybank.asp How frequent the ADR fee is being charged? Is it a one time fee, or…
Cheok Yan Cheng
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Will ADR holder be taxed twice

Take STD ADR for example STD ADR Shareholder Remuneration Since I will invest through local broking firm from my home country (Malaysia), it is not possible for me to claim back tax from US and Spain government. For ADR investor relationship…
Cheok Yan Cheng
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Disadvantages of ADRs vs ordinary shares?

Suppose I am able to buy an ADR listed on an American exchange, and also suppose I am able to buy the underlying ordinary shares on its local exchange (in another country). I have bank accounts, funds, and brokerage accounts in both countries and…
Flux
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composition of ADR in comparison to home market

I want to know how one unit of ADR is constructed from the home stock. For example, I see a ADR for India's Tata motors . ADR is trading at about $12 and in home market it is about INR 177, but given the conversion of INR 71 to USD 1, one Indian…
Raj
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How to convert Volkswagen AG's ADR to regular shares?

I have US 'VOLKSWAGEN AG-SPONSORED ADR REPSTG ORD DM 50 PAR' Volkswagen ADR shares. Volkswagen has ended the ADR, and I have these Volkswagen ADR shares. I am residing in the USA. How can I convert these shares to regular Volkswagen AG shares on a…
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