The McGraw-Hill Handbook of American Depository Receipts

by Richard J. Coyle

Now, smart U.S. investors looking across our borders for new opportunities can tap into an increasingly popular American Depository Receipts (ADRs). Enabling investors to purchase shares in foreign companies without the hassles of currency conversions or trading on foreign stock exchanges, ADRs represent an excellent way to diversify with relative ease and decreased risk. This first-of-its-kind handbook pools the expertise of such distinguished firms as Credit Lyonnais, Standard & Poor's, NASD, KPMG Peat Marwick, Morgan Guaranty, Smith Barney and others to create a definitive reference on ADRs for professionals and sophisticated investors. It describes what ADRs are and how they work. . .which companies offer them for sale, including ``blue chip'' global corporations such as Sony, Volvo, and Unilever. . .company analyses and investment strategies. . .how ADRs have performed historically. . .and how investors can expect them to perform in the 1990s.

Hardcover

First published December 1, 1994