BNY Mellon created the following four unsponsored ADRs last week: 1.Company: EI Towers S.p.A Ticker: EITWY Country: Italy 2.Company: Interpump Group S.p.A. Ticker: IPGYY Country: Italy 3.Company: Softbank Corporation Ticker: SFTBY Country: Japan 4.Company: Zignago Vetro SpA Ticker: ZIGNY Country: Italy Last month Softbank paid $20 billion to buy a 70% stake in the US …
In October 2008, the SEC changed a rule encouraging the establishment of more ADR programs. As a result of changes to the Rule 12g3-2(b), the number of Level 1 Sponsored and Unsponsored ADRs have soared. For example, before the rule become effective, there were 169 Unsponsored ADR(UADR) programs. After the rule change the number of UADRs …
Continue reading ‘Conversion of Unsponsored ADRs to Sponsored ADRs Raises Investors’ Interest’ »
The chemicals sector is generally suitable for investment during any market condition due to the simple fact that chemicals are an essential ingredient in many of the products we use on a daily basis. For example, in a modern-day kitchen, chemicals are found in appliances, food items, packaging for foods, flooring, dish washing liquids, etc. Some …
Continue reading ‘The Top 16 European Chemicals Companies by Revenue’ »
Automobile production and sales is increasing in many countries. Passenger auto sales in the U.S. has picked up in the past few months with over 6.0 million units through October this year representing a rise of 18.9% from 2011. In Europe though auto sales has been lower this year due to the recession and fiscal …
Continue reading ‘Eight Ways To Profit From The Global Auto Sector Rebound’ »
Emerging market stocks soared before the global financial crisis leading to sky-high valuations and equity prices. Investors’ attraction towards emerging markets has since changed dramatically. This year many of the leading emerging market indices are still in the negative territory are up only slightly compared to developed markets. The year-to-date returns of some of the …
Continue reading ‘Are Emerging-Markets Stocks Attractive Based on Price-to-Book Ratio?’ »