OTCM ADR Index Traded $26 billion in Q2 2013, Up 17.6% from Prior Quarter Index Down 2.4% in Q2, Flat for the Year; 12 Companies Join Index in Second Quarter
NEW YORK, July 29, 2013 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM) today announced that the OTCM ADR Index (Bloomberg/Reuters: OTCDR; Thomson: DFCDR), the only index exclusively tracking American Depositary Receipts (ADRs) trading on the OTCQX®, OTCQB® and OTC Pink® marketplaces, traded $26 billion in the second quarter of 2013, up 17.6% from the prior quarter. The Index, powered by BNY Mellon DR Indices and comprised of 600 large-cap international companies from 38 countries across 11 industries, declined 2.4% in the second quarter 2013 to close at 1,356 on June 28, 2013, matching the performance of the MSCI EAFE Index which closed down 2.1% for the quarter. The OTCM ADR Index performance is flat year-to-date.
"We are pleased with the performance of the OTCM ADR Index, which continues to match the returns of the leading MSCI EAFE Index," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "Our OTCQX, OTCQB and OTC Pink marketplaces are home to 75% of all ADRs – over 1,400 in total – providing U.S. investors an efficient way to diversify their portfolios and access global growth opportunities. Our intent is that this Index, powered by BNY Mellon DR Indices, will help drive investor awareness of the tremendous breadth and depth of ADRs trading on our marketplaces."
Q2 2013 Highlights:
- The OTCM ADR Index traded $26 billion in Q2 2013, up 17.6% from the prior quarter.
- The Index fell 2.4% in the second quarter and is flat for the year, closing at 1,356 on June 28, 2013. Top performing component industries were technology (+11.75%), telecommunications (+7.59%) and utilities (+1.61%).
- The top 10 most actively traded ADRs in the OTCM ADR Index by volume during the quarter were OTCQX traded companies Danone (OTCQX: DANOY), Deutsche Telekom AG (OTCQX: DTEGY), Roche Holding Ltd. (OTCQX: RHHBY) and Turkiye Garanti Bankasi A.S. (OTCQX: TKGBY), some of the largest global blue chips with widely available investor information, as well as OTC Pink traded companies Cheung Kong (HOLDINGS) Ltd. (OTC Pink: CHEUY), Compagnie Financiere Richemont AG (OTC Pink: CFRUY), Gazprom OAO (OTC Pink: OGZPY), Nestle S.A. (OTC Pink: NSRGY), Sumitomo Mitsui Trust Holdings, Inc. (OTC Pink: SUTNY) and Tesco PLC (OTC Pink: TSCDY), which make limited information availability outside their home markets.
- Twelve companies joined the OTCM ADR Index in the second quarter: Invensys plc (OTCQX: IVNYD) and Wacoal Holdings Corp. (OTCQX: WACLY), which trade on OTCQX, and Anadolu Efes Biracilik Ve Malt AS (OTC Pink: AEBZY), Alliance Global Group Inc. (OTC Pink: ALGGY), Bezeq The Israel Telecommunication Corp Ltd. (OTC Pink: BZQIY), GTECH S.P.A. (OTC Pink: GTKYY), Informa PLC (OTC Pink: IFJPY), Mitsubishi UFJ Lease & Finance Co. Ltd. (OTC Pink: MIUFY), Merck KGaA (OTC Pink: MKGAY), Panasonic Corp. (OTC Pink: PCRFY), The Sage Group plc (OTC Pink: SGPYY), Vodacom Group Ltd. (OTC Pink: VDMCY), which trade on OTC Pink. Forty-two companies were removed from the Index during the quarter.
The OTCM ADR Index is a rules-based index that is market capitalization weighted, adjusted for free float, and has various liquidity screens to ensure tradability. It is also priced in real-time and disseminated on all electronic platforms. For a current list of all OTCM ADR Index constituents as well as real-time quotes, charts and data, visit the OTC Markets Group website, www.otcmarkets.com.
For a list of market data vendors that distribute OTC Markets Level 2+ (OTCQX, OTCQB, OTC Pink, OTC Bonds) Quotes for all 1,400 ADRs, visit the Market Data Vendors page on OTC Markets Group's website at http://www.otcmarkets.com/services/market-data/market-data-vendors/overview.
Past performance does not guarantee future results. Investors cannot invest directly in the OTCM ADR Index.
About BNY Mellon DR Indices
BNY Mellon's DR Index team provides more than 140 indices, and there are now 19 ETFs trading in the U.S., Canada and Korea using BNY Mellon indices as their primary benchmarks. To learn more about BNY Mellon's DR Indices, visit www.bnymellondrindex.com.
BNY Mellon acts as depositary for more than 2,700 American and global depositary receipt programs, acting in partnership with leading companies from 68 countries. BNY Mellon is committed to helping securities issuers access the world's rapidly evolving financial markets and delivers a comprehensive suite of depositary receipt services. Learn more at www.bnymellon.com/dr
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into marketplaces to better inform investors of opportunities and risks – OTCQX®, The Best Marketplace with Qualified Companies; OTCQB®, The Venture Stage Marketplace with U.S. Reporting Companies; and OTC Pink®, The Open Marketplace with Variable Reporting Companies. Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create better informed and more efficient financial marketplaces, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC registered ATS.
SOURCE OTC Markets Group Inc.