Investing December 19, 2001

ADR Trading Increases in 2001

December 19, 2001 (PLANSPONSOR.com) - Even in a difficult market, investors embrace depositary receipts as the most efficient way to invest internationally as evidenced by the increase in trading volume in 2001, data from the Bank of New York shows (BONY).
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According to the BONY, depositary receipt trading volume on the New York Stock Exchange, the American Stock Exchange and the NASDAQ is projected to reach 31 billion shares, valued at $770 billion this year.  While dollar volume declined over last year, depositary receipt share trading increased.

ADR Tallies

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Year-to-date some 135 new public and private depositary receipt programs were established by companies from 29 countries, compared to 182 programs from 38 countries last year.

Non-US companies and governments from 16 countries have raised $8.4 billion through 26 depositary receipt offerings year-to-date, compared to $29 billion raised last year with 115 offerings from 32 countries.

Global Issues

Companies in the UK, Finland and the Netherlands had the greatest depositary receipt trading volume year-to-date 2001, with programs with the highest volume of depositary receipt trading activity from the telecommunications sector.  In order of volume, these were:

– Sweden’s Ericsson
– Finland’s Nokia, and
– Vodafone in the UK

According to data from BONY, by region,

  • companies from nine countries in the Asia Pacific region established 41 new programs to date,
  • companies in 14 countries in the European region established 66 new programs, and
  • companies from three countries in the Latin America region established 18 new programs

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