Europe at your neighborhood broker

Individuals who enjoy the challenge of picking their own stocks and the financial control that it gives them may think that the real big international plays are out of their reach. However, it is possible for the average US-based investor to select and purchase a portfolio of foreign stocks. There i...

Full description

Saved in:
Bibliographic Details
Published inThe Journal of European business Vol. 5; no. 4; p. 51
Main Author Cirulli, Carol
Format Journal Article
LanguageEnglish
Published New York Faulkner & Gray, Inc 01.03.1994
Subjects
Accounting
American Depositary Receipts
American dollar
International finance
Investment policy
Investments
Manycompanies
Mutual funds
Portfolio investments
Stock exchanges
Stock prices
Europe
US
Online AccessGet full text

Cover

More Information
Summary:Individuals who enjoy the challenge of picking their own stocks and the financial control that it gives them may think that the real big international plays are out of their reach. However, it is possible for the average US-based investor to select and purchase a portfolio of foreign stocks. There is no easier way to buy stock in a European company than through an American Depository Receipt (ADR), which is a foreign security traded in the US and which represents one or more actual shares held in trust in the country where the stock is issued. ADRs are denominated in dollars, and they trade and settle just like any other US stock, eliminating much of the expense and complexity associated with buying directly in the overseas market. There are over 1,000 ADRs from which to choose. Among the best picks of ADRs are the following: 1. Volkswagen, 2. Nokia, 3. KLM Royal Dutch Airlines, 4. Bass, and 5. British Telecommunications.
ISSN:1044-002X