Many stocks have fallen over 50% year to date in this bear market.There are not that many foreign ADR stocks that are up so far this year.The following are eight ADR stocks that are in the positive column year-to-date. Four of them trade on the NYSE and the rest in the NASDAQ. Some of these stocks may not be good investment candidates. This list can be used as a starting point for further detailed research.

Stocks that are UP year-to-date (as of Oct 19,2008):

1.Company Name: VisionChina Media
Ticker: VISN
Country: China
Year-To-Date Change : 46.71%

2.Company Name: Epcos
Ticker: EPC
Country: Germany
Year-To-Date Change :35.92%

3.Company Name: ILOG
Ticker: ILOG
Country: France
Year-To-Date Change :24.02%

4.Company Name: Soc. Quimica y Minera de Chile
Ticker: SQM
Country: Chile
Year-To-Date Change :22.74%

5.Company Name: Netease.com
Ticker: NTES
Country: China
Year-To-Date Change :19.41%

6.Company Name: Endesa-Empresa Nacional de Electricidad
Ticker: EOC
Country: Chile
Year-To-Date Change :8.20%

7.Company Name: ICON
Ticker: ICLR
Country: Ireland
Year-To-Date Change :4.88%

8.Company Name: Telefonos de Mexico
Ticker: TMX
Country: Mexico
Year-To-Date Change :3.32%

It is interesting to see none of the above stocks are widely known or bank stocks.