| BNY Mellon Depositary Receipts 2010 Mid-Year Review is now available-continued | |||||
| The total value of U.S. investment in non-U.S. equities (both DRs and non-U.S. shares) increased 68% to about $4.2 trillion. At the same time, non-U.S. equities accounted for 19.8% of all equity investment in the U.S., an increase from 18.4% at the same time last year.
At the mid-year mark, companies from 19 countries had established 64 new sponsored DR programs, and 50 new unsponsored DR programs had been established for issuers from 15 countries. The number of available DR programs rose to 3,214 from 3,096 a year ago. Industry-wide, DR programs for issuers from 76 countries were available to investors. The number of DR capital-raising transactions was significantly higher than the 13 at the mid-year mark last year. In the first half of 2010, issuers from nine countries completed 44 new primary and follow-on DR offerings, raising nearly $4.1 billion. India and China together accounted for 34 of the offerings and about half the total value raised. During the first half of 2010, overall DR performance as evidenced by The BNY Mellon ADR Index was broadly lower. On June 30, 2010, the Composite ADR Index closed at 152.86, down 15.76% year-to-date, while still managing a 4.71% gain year-on-year. |
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| Source: BNY Mellon | |||||