Description - American Depository Receipts by Richard Coyle
Enabling US investors to purchase shares in foreign companies without the hassles of currency conversions or trading on foreign stock exchanges, American Depository Receipts represent a good way to diversify with relative ease and decreased risk. This handbook pools the expertise of such firms as Credit Lyonnais, Standard & Poor's, NASD, KPMG Peat Marwick, Morgan Guaranty and Smith Barney to create a 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.
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