ADR stands for American Depository Receipt, which is a certificate that lets investors invest in a foreign company on U.S. stock markets.
ADRs are sponsored by banks and brokerage firms in the U.S.
An ADR may represent one or more shares of the foreign stock. But if the stock is expensive, it may represent a fraction of a share. That way, the ADR will start trading at a moderate price, or be in range of similar stocks on the exchange where it trades. The price usually stays close to the price of the foreign stock in its home market.
ADRs make it practical for increasingly global-minded investors to invest in foreign companies, despite language barriers, shifting foreign exchange rates and the difficulty of trading on a foreign stock market.
Foreign firms benefit from ADRs by letting companies offer dollar-denominated shares and raise capital in the U.S. Issuing ADRs also raises a non-U.S. firm’s liquidity and visibility in the United States and around the world.
Depositary banks that issue ADRs sometimes charge fees for their services, and deduct these fees from the dividends and other distributions on the ADRs. The depositary bank also incurs expenses for services such as converting foreign currency into U.S. dollars, and passes these costs on to ADR holders.
We believe most investors could benefit from holding some foreign investments in their portfolios for added diversification—and that ADRs are a good way to do it.
At TSI Network, we recommend using our three-part Successful Investor philosophy:
Invest mainly in well-established companies;
Spread your money out across most if not all of the five main economic sectors (Manufacturing & Industry; Resources & Commodities; the Consumer sector; Finance; Utilities);
Downplay or avoid stocks in the broker/media limelight.
Precious metal ETFs have largely centred on gold stocks. We continue to see the outlook for that precious metal as positive, and for aggressive investors who want to hold precious metal ETFs, including a silver ETF, we have two of them below.
PROCTER & GAMBLE CO., $142.97, New York symbol PG, is a buy.
The company is one of the world’s largest makers of household and personal-care goods. Major brands include Tide (laundry detergent), Pampers (diapers), Gillette (razors), Crest (toothpaste) and Vicks (cold remedies).
For Canadian investors seeking global exposure in 2022, ADRs and international ETFs may be a safer option than picking individual overseas stocks
We believe most investors could benefit from holding some foreign and international investments in their portfolios for added diversification. And growing markets like China… Read More
PROCTER & GAMBLE CO. $152 (www.pg.com) is a buy. The personal and household products maker continues to benefit from its 2014 decision to shed about 100 of its less-important brands and focus on about 65 core brands. Between 2018 and 2022 (fiscal years end June 30), its sales… Read More
DIAGEO PLC ADR $181 is a hold. The company (New York symbol DEO; Conservative Growth Portfolio, Consumer sector; ADRs o/s: 577.6 million; Market cap: $104.5 billion; Price-to-sales ratio: 5.5; Dividend yield: 2.2%; TSINetwork Rating: Above Average; www.diageo.com) is a leading maker of premium alcoholic beverages. Top brands include… Read More
An easy way for investors to gain international exposure is with well-established foreign firms whose shares trade as American Depositary Receipts on the New York exchange. Here are updates on three of our favourite ADR stocks (including Diageo, see box).
ABB LTD. ADRs $30 is a.. Read More
SONY GROUP CORP. ADRs $82 is a hold. The Japanese conglomerate (New York symbol SONY; Conservative Growth Portfolio, Manufacturing & Industry sector; ADRs outstanding: 1.3 billion; Market cap: $106.6 billion; Price-to-sales ratio: 1.3; Dividend yield: 0.3%; TSINetwork Rating: Average; www.sony.com) reported 9.1% higher sales in its fiscal 2023… Read More
Thanks to a better supply of computer chips, controlling a variety of vehicle functions such as power steering and braking, Toyota and Honda are once again increasing their production. They are also benefitting from the low value of the Japanese yen, which makes their products… Read More
YAMANA GOLD INC., $6.80, is a hold. The miner (symbol YRI on Toronto) owns and operates five gold mines, in Canada, Brazil, Chile and Argentina. This includes the Cerro Moro gold/silver mine in Argentina. It started up in mid-2018.
On May 31, 2022, Yamana received a $6.7 billion… Read More
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We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
We store subscriber and password files containing personal information securely. These files are stored in secure areas that are not accessible to the general public. We are always working to ensure the security of your personal information.
What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
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The contents of this web site and our publications are based upon sources of information believed to be reliable, but no warranty or representation, expressed or implied, is given as to their accuracy or completeness. Any opinion reflects the Successful Investor’s judgment at the date of publication and neither the Successful Investor, nor any of its affiliated companies, nor any of their officers, directors or employees, accepts any responsibility in respect of the information or recommendations contained in the publications or on this web site. Moreover, the information or recommendations are subject to change without notice.
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