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AMERICAN DEPOSITORY RECEIPTS AND S&P RECEIPTS
By Dr. David E. Marcinko MBA CMP®
SPONSOR: http://www.CertifiedMedicalPlanner.org
AMERICAN DEPOSITORY RECEIPT (ADR) = A receipt evidencing shares of a foreign corporation held on deposit or under the control of a U. S. banking institution; it is used to facilitate transactions and expedite transfer of beneficial ownership for a foreign security in the U.S. Everything is done in dollars and the ADR holder doesn’t have voting rights; essentially the same as an American Depository Share (ADS).
CITE: https://www.r2library.com/Resource/Title/0826102549
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A Standard & Poor’s Depositary Receipt, or SPDR, is a type of exchange traded fund that began trading on the American Stock Exchange (AMEX) in 1993 when State Street Global Advisors’ investment management group first issued shares of the SPDR 500 Trust (SPY).
CITE: https://www.r2library.com/Resource/Title/0826102549
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MORE: https://medicalexecutivepost.com/2008/02/15/about-american-depository-receipts/
S&P: https://medicalexecutivepost.com/2011/01/12/on-standard-poors-depository-receipts/
S&P Index: https://medicalexecutivepost.com/2011/01/15/spdrs-vs-index-mutual-funds/
S&P TAX: https://medicalexecutivepost.com/2011/01/30/do-spdrs-yield-tax-advantages/
YOUR COMMENTS ARE APPRECIATED.
Thank You
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Filed under: Alternative Investments, CMP Program, Glossary Terms, Investing, Touring with Marcinko | Tagged: ADR, ADRs, American Depository Receipt, Certified Medical Planner™, CMP, David Edward Marcinko, receipt, SPDRs, Standard & Poor's Depositary Receip | Leave a comment »
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