The current state of the depositary receipt market, and profiles of one specialist ADR fund manager along with four ADR programmes: two Indonesian, one anglo-American; and one Mexican
In today's economy, more than two-thirds of the world's goods and services are produced outside the US, and American investors have shown that they, too, want to diversify by geography as well as by business sector. Most estimates reckon that in the next five years individual and institutional investors will increase the foreign content of their portfolios by $300 bn or more. The trend is clear: a massive flow of funds is slated for global markets.
This is one reason why depositary receipt
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