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Strategies & Market Trends : Australian Shares and ADRs -- Ignore unavailable to you. Want to Upgrade?

To: Chopper Reid who wrote (6)3/30/1998 6:45:00 PM
From: Chopper Reid  Read Replies (1) | Respond to of 96
 
I think I just stumbled across the answer to my own question - American Depository Receipt...? Is this what you are talking about and if so, how do they work?

Chopper.



To: Chopper Reid who wrote (6)3/30/1998 10:13:00 PM
From: Moominoid  Respond to of 96
 
Please excuse my ignorance but what does ADR stand for?

American Depository Receipt - they're the form that most (all?) foreign shares trade in New York - they are a bundle (4 I think) of the foreign shares. As you can see I'm also learning this stuff.

David


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