The Bank of New York ADR Index, Launched in 1998, is the only index to track all depositary receipts, New York shares and global registered shares that trade on the New York Stock Exchange, American Stock Exchange and NASDAQ.
After a decade, more than $3 billion in institutional and retail fund products are benchmarked against the ADR Index, which has outperformed the S&P 500 by more than 80% over the past six years.
The Bank of New York ADR Index includes 374 companies from 36 countries with a market capitalisation of approximately $6.7 trillion, more than double its market capitalisation at launch. Some of the worlds largest companies and most actively traded depositary receipts are found in the The Bank of New York ADR Index, including companies such as Baidu.com, GlaxoSmithKline, HSBC, Royal Dutch Shell, Toyota and Vodafone.
“As the leading depositary bank, we take pride in delivering innovative products and in knowing that our ADR indices have achieved great visibility and popularity as a benchmarking tool in the global investment community. We continue to devote significant resources to developing new types of DR indices that respond to investor demand and market trends,” says Michael Cole-Fontayn, CEO, The Bank of New York Mellons Depositary Receipt Division.
In addition to the composite ADR index, the bank offers three regional indices, four market indices, three sector indices, 10 select indices and 36 country indices. The indices serve as a benchmarking tool for investors following a wide range of markets and industries. To date, the most followed indices are The Bank of New York BRIC (Brazil, Russia, India, China) Select ADR Index and The Bank of New York Emerging Markets 50 ADR Index.
The Bank of New York ADR indices are used as benchmarks in exchange-traded funds, mutual funds and structured products. Licensees of the banks ADR indices includeBCI Asset Management Administradora General de Fondos, Claymore Advisors LLC, Consultatio Asset Management, Hartford Investment Management Company, Invesco PowerShares Capital Management LLC, Miraeasset Maps Investment Management Co. Ltd. and ProFund Advisors LLC.