It is a negotiable instrument which is denominated in some freely convertible currency. Typically, 1 GDR is equal to 10 underlying shares, but any ratio can be used. Prices of global depositary receipt are based on the values of related shares, but they are traded and settled independently of the underlying share. GDRs represent ownership of an underlying number of shares of a foreign company and are commonly used to invest in companies from developing or emerging markets by investors in developed markets. They are the global equivalent of the original American depository receipts (ADR) on which they are based. Hartford Multifactor Diversified International ETFĪ global depository receipt (GDR and sometimes spelled depository) is a general name for a depository receipt where a certificate issued by a depository bank, which purchases shares of foreign companies, creates a security on a local exchange backed by those shares. Global X Funds Global X MSCI China Large-Cap 50 ETF PowerShares PureBeta FTSE Emerging Markets Portfolio PowerShares Moderately Conservative Multi-Asset Allocation Portfolio PowerShares Growth Multi-Asset Allocation Portfolio PowerShares Conservative Multi-Asset Allocation Portfolio PowerShares Balanced Multi-Asset Allocation Portfolio Global X SuperDividend Emerging Markets ETF SPDR MSCI Emerging Markets Quality Mix ETF Global X MSCI China Communication Services ETFįlexShares STOXX Global Broad Infrastructure Index Fund
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