The following is a list of the top 10 best year-to-date (YTD) performing European ADRs listed in the organized exchanges:

Mechel Steel MTL – 175.25%
Wimm-Bill-Dann Foods WBD – 104%
Vimpel Communications VIP – 82%
Acergy ACGY – 79%
Aixtron AIXG – 74%
ASM International – New York Shares ASMI – 62%
Flamel Technologies FLML – 61%
Credit Suisse CS – 59%
Randgold Resources GOLD – 59%
Oce OCENY – 56%

The % denoted is the growth so far this year.Vimpel is a fast growing mobile and telecom service provider in Russia. After falling heavily the stock has rebounded nicely. Due to the rebound in commodity prices, stocks such as GOLD and MTL have had a great run from their March lows. It is interesting to note that only only stock in the financial sector (CS) is in the list. However National Bank of Greece has grown about 50% YTD. Overall it is a mixed bag with many large cap banks like Barclays, Deutsche Bank still underperferming other ADRs.