This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

BNY Mellon And OTC Markets Group Announce New OTCM ADR Index, Powered By BNY Mellon DR Indices

NEW YORK, Dec. 3, 2012 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment services, and OTC Markets Group Inc., operator of Open, Transparent and Connected financial marketplaces, today announced the creation of the OTCM ADR Index, a comprehensive index for American Depositary Receipts traded on OTCQX, OTCQB and OTC Pink marketplaces.

The OTCM ADR Index (Bloomberg: OTCDR), powered by BNY Mellon DR Indices, was developed to benchmark the fast-growing and diverse number of ADR investment opportunities available to investors through their U.S. brokers.  Since 2002, the total number of ADRs trading on the OTCQX, OTCQB and OTC Pink marketplaces has increased more than fivefold, from 248 to 1,420.  In the first nine months of 2012, 251 new OTC ADR programs were established.

The OTCM ADR Index comprises 535 large-cap international companies, including such names as Banco do Brasil (OTC Pink: BDORY), Bayer AG (OTC Pink: BAYRY), Komatsu (OTCQB: KMTUY), Li & Fung (OTC Pink: LFUGY), LUKOIL (OTC Pink: LUKOY), National Australia Bank Ltd (OTC Pink: NABZY),), Nestle S.A. (OTC Pink: NSRGY), Ping An Insurance Company of China (OTC Pink: PNGAY), Roche Holding AG (OTCQX: RHHBY), Standard Bank of South Africa (OTC Pink: SGBLY) and Wal-Mart de Mexico (OTCQX: WMMVY). In all, 38 countries are represented across 10 industries.

"ADRs offer U.S. investors convenient access to global investment opportunities, and we're pleased to work with BNY Mellon in offering this first-ever comprehensive benchmark for the largest and most liquid ADRs," said R. Cromwell Coulson, president and CEO of OTC Markets Group.  "By tracking this important asset class, the OTCM ADR Index furthers our mission to create better informed and more efficient financial marketplaces."

"Providing added visibility to ADRs traded on the OTC Markets will benefit ADR issuers and investors alike," said Michael Cole-Fontayn, CEO of BNY Mellon's Depositary Receipts business.  "Our collaboration with OTC Markets Group offers the investment community an index that shows the depth, breadth and liquidity of all ADRs traded on the OTC Markets site.  We'll continue to work closely with our issuers and market intermediaries to enhance the use of ADRs among global investors."

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,962.90 -19.69 -0.12%
S&P 500 1,975.93 -2.98 -0.15%
NASDAQ 4,453.9810 +9.0720 0.20%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs