A press release said the new Index is an “all-encompassing measure of the depositary receipts universe.”
The BNY Mellon Composite Depositary Receipts Index comprises all American depositary receipts (ADRs), New York Shares, and Global Registered Shares that trade on the New York Stock Exchange (NYSE), NYSE Amex, NASDAQ and over-the-counter (OTC), as well as global depositary receipts (GDRs) that trade on the London Stock Exchange (LSE).
The Index is the “umbrella index” for the company’s four existing DR indexes:
- ADR Index — tracks all ADRs traded on the NYSE, NYSE Amex and NASDAQ;
- GDR Index — tracks all GDRs traded on the LSE;
- DR Index — tracks a combination of the ADR Index and GDR Index; and
- Classic ADR Index — tracks all ADRs traded on the
NYSE, NYSE Amex, NASDAQ and OTC.
A company spokesperson said all of BNY Mellon’s DR-based
indexes are 100% investable for institutional investors, and that “more
and more ETFs are being hung on these indexes as U.S. investors look to
international and emerging markets for greater portfolio diversification.”
More information is at www.bnymellondrindex.com .