Portugal Telecom (PT) ADR delisted from the New York Stock Exchange(NYSE) recently. With this delisting, none of the companies from Portugal trade on the U.S. Exchanges any more. According to a filing with the SEC, PT plans to have its ADRs traded on the OTC market but details have not yet been finalized. The last date …
Continue reading ‘Portugal Telecom ADR delisted from the NYSE’ »
Portugal used to be called The Sick Man of Europe before the economy recovered in the 1990s. However in 2007 The Economist magazine dubbed the country as the “new sick man of Europe”. More recently traders made it a member of the PIGS group of countries. Despite being part of the EU and appearance of …
There are two ways to invest in Portugal. One can pickup a few Portugese ADRs or invest thru the recently launched NETS ETF for Portugal called “NETS PSI 20 Index Fund (Portugal)”. a.Stocks: 1.Company: Energias de Portugal Ticker: EDPFY Country: Portugal Yield: 3.59% EDPFY is an electric utility in Portugal. It has interests in natural …