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Long Term Adr Performance: How Do Regional Issues Listed On The Nyse Compare To Us And Regional Index Returns?

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  • Mark Schaub
  • Todd A. Brown

Abstract

This study examines the long-term performance of Asia Pacific, European, and Latin American ADRs versus the S&P500 and their respective regional indexes from 1990-2010. The sample was dividend by stable markets (1990s) and volatile markets (2000s). We find that, when analyzed in total, regional indexes perform similarly to the S&P500. However, the Asia Pacific and Latin America regions do offer diversification benefits individually. Furthermore, the ADRs from each region underperform in stable markets (1990s) and outperform in volatile markets (2000s) leading to great diversification benefits

Suggested Citation

  • Mark Schaub & Todd A. Brown, 2015. "Long Term Adr Performance: How Do Regional Issues Listed On The Nyse Compare To Us And Regional Index Returns?," The International Journal of Business and Finance Research, The Institute for Business and Finance Research, vol. 9(3), pages 45-58.
    • Handle: RePEc:ibf:ijbfre:v:9:y:2015:i:3:p:45-58
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    References listed on IDEAS

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    Cited by:

    1. Mark Schaub, 2018. "Country and Industry-Level Performance of NASDAQ-Listed European and Asia Pacific ADRs," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 10(6), pages 122-126, June.

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    More about this item

    Keywords

    American Depositary Receipts; Regional Indexes; Emerging Markets;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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