Periodic Table of G-20 Countries Investment Returns 2000 to 2020: Chart

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The equity investment returns of the G-20 countries based on their benchmark index from 2000 to 2020 is shown in the chart below in the order of performance. The returns noted are in US dollars and do not include dividends and fees.

Click to enlarge

Source: Quantalytica

Related EFTs:

  • PowerShares India (PIN)
  • SPDR S&P 500 ETF (SPY)
  • iShares MSCI Mexico Capped Investable Market (EWW)
  • iShares FTSE/Xinhua China 25 Index (FXI)
  • iShares MSCI South Korea ETF (EWY)
  • iShares MSCI Germany Index Fund (EWG)
  • iShares MSCI Canada Index Fund (EWC)
  • iShares MSCI Australia Index Fund (EWA)
  • iShares MSCI United Kingdom Index (EWU)

Disclosure: No positions

Reminder: Westpac ADR Conversion Deadline Nearing Soon

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Australia’s Westpac Banking Corporation’s ADR was delisted from the NYSE and last traded there on Jan 31, 2022. ADR holders have the option of converting them to ordinary shares trading on the US OTC market or on the domestic market in Australia. The deadline to surrender ADRs is June 2, 2022 – less than 2 weeks away.

If ADRs are not converted before June 2nd, then the depository will automatically sell the underlying shares after that date and you must surrender the shares to receive the sale proceeds less fees and any taxes.

Westpac ADRs can be converted to WEBNF on the OTC market or WBC.AX trading on the ASX.

Below is an excerpt from the termination notice:

As a result, the existing ADR facility will be terminated effective Monday, January 31, 2022 Under the terms of the Deposit Agreement, you have until at least June 2, 2022 to surrender your Westpac ADRs for  delivery of the underlying shares. If you surrender ADRs for delivery o f the underlying shares, you must pay a cable fee of $17.50, a cancellation fee of up to $0.05 per ADRs surrendered and any applicable U.S. or local taxes or governmental charges. Payment should be made payable to The Bank of New York Mellon.

Subsequent to June 2, 2022 under the terms of the Deposit Agreement, the Depositary may attempt to sell the underlying shares. If the Depositary has sold such shares, you must surrender your ADRs to obtain payment of the sale proceeds, net of the expenses of sale, any applicable U.S. or local taxes or government charges and a cancellation fee of up to $0.05 per ADRs.

To surrender your ADRs, the address of the Depositary is: The Bank of New York Mellon, 240 Greenwich Street, Depositary Receipts Division – 8th Floor, Attention: Cancellation Desk, New York, NY 10286. Registered or overnight mail is the suggested method of delivering DRs to the Depositary.

Source: BNY Mellon 

Related:

Disclosure: Long WEBNF

Russia’s Gazprom To Terminate ADR Program

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Russian energy giant Gazprom has decided to terminate its ADR program. According to the depository BNY Mellon the ADR program will be terminated June 16, 2022. Holders of the ADRs have the option to convert them to ordinary shares that trade on the domestic exchange in Russia or surrender the ADRs to receive payment of sale proceeds. Gazprom used to trade on the OTC markets under the ticker OGZPY.

Below is the termination notice from BNY Mellon:

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Source: BNY Mellon

Gazprom Related Useful Links:

  1. Gazprom Neft to end ADR program on June 16 – depositary, Interfax
  2. How to convert Gazprom ADRs and other Russian DRs to local shares, The Long Run Plan
  3. GAZPROM & CO: WHAT TO DO WITH RUSSIAN ADRS?, Undervalued Shares
  4. Gazprom – Realtime Stock Quote on Moscow Exchange, Reuters

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Disclosure: No positions

Rail Transportation in Canada: Infographic

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I have written many times before that railroads are an important pillar of the Canadian economy. Just two freight railroads – Canadian National(CNI) and Canadian Pacific (CP) – dominate the industry. The following infographic from Statistics Canada shows some of the interesting facts about rail transportation in 2020:

Click to enlarge

Source: Statistics Canada

Disclosure: Long CNI

Which Political Party is Best for Australian Stocks?

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The federal election in Australia is on Saturday, May 21, 2022.Equity market investors will be closely monitoring the outcome the election. With that said, which politic party is best for stock prices?

A recent article by Ashley Owen shows that since the creation of the Federation, right-leaning governments have been better for Australian stock prices than left-leaning ones as shown in the chart below:

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Source: Which political party is best for share prices? by Ashley Owen, Stanford Brown and The Lunar Group

From the above article:

The chart shows total returns from Australian shares since Federation, divided into ‘right’ periods (blue line) and ‘left’ periods (red line). The average annual total returns (including dividends reinvested) for each period are shown in the lower section.

Returns

Right-leaning governments win but due mainly to luck. Total returns from the local stock market have averaged 10.5% per year since Federation, with 12% p.a. on average under right-leaning governments beating 8% p.a. average returns under left-leaning governments.

The full article is worth a read.

Related ETF:

  • iShares MSCI Australia ETF (EWA)

Disclosure: No positions