BNY Mellon's 2016 Depositary Receipt Market Review Finds Strong Price Performance Growth in Emerging Markets
The BNY Mellon ADR Index saw a 3.72% total return for the year. While that benchmark underperformed the U.S. market, as measured by the S&P 500—which was up +11.96% as of December 30, 2016—the BNY Mellon Emerging Market Regional DR Index outperformed, growing by 13.65%. Sub-indices based on securities of companies from the major emerging markets of Brazil and Russia gained 69.05% and 61.02%, respectively.
At year end, BNY Mellon marked a 57% global market share of all sponsored DR programs—more than the total market share of all its competitors combined.
"Depositary receipts' cost, convenience and liquidity value proposition remains as intact today as ever," said Christopher M. Kearns, CEO of BNY Mellon's Depositary Receipts business. "DRs are an integral component in many investment portfolios and this year's Review celebrates DRs from the point of view of both issuers and investors."
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of December 31, 2016, BNY Mellon had $29.9 trillion in assets under custody and/or administration, and $1.6 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).
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