Trading volume ADR and GDR in the world in 2009 decreased by 35%
At the same time, trading volume increased by 2 %…
volume of deals with American and global depository receipts (DR) for shares in the world in 2009 decreased by 35% to $ 2.7 trillion, according to the annual report, Bank of New York Mellon, one of the world”s main depositories.
At the same time, trading volume increased by 2% and reached a record high of 135 billion DR.
For comparison, in 2008, the volume of trading in DR in the world increased by 34% and exceeded $ 4.4 trillion, which was a historic record.
main trading platforms are still three major U.S. stock exchanges - New York Stock Exchange (NYSE), NYSE Amex and NASDAQ, which accounted for 84% of transactions. In 2009, the U.S. stock exchanges were carried out transactions with approximately 114 billion DR worth $ 2.5 trillion.
Trading volume
receipts in the international sector of the London Stock Exchange (International Order Book - combines Luxembourg and London stock exchanges) increased by 17% - up to $ 214 billion
“Investors use the AP for access to global equities as they seek new investment opportunities - said CEO of BNY Mellon Depositary Receipts, Michael Cole, Fontaine, whose words are contained in the report. - In 2010, we saw tremendous opportunities emerging markets, as evidenced by a continuing change in the flow of funds is developed to developing countries, especially in the BRIC countries (Brazil, Russia, India, China).
Who, where and how much
During the 2009 companies from 35 countries have registered 282 new programs of depository receipts. The number of new sponsored programs at 99 of which were launched on the stock exchange 26 (14 - and 12 in the U.S. - in Europe). Chinese issuers have launched the largest number of new sponsored programs - 14.
At the end of last year around the world registered a record number of DR programs - 3127 issuers from 74 countries (in 2008 - about 2900 programs).
Summary
indicator BNY Mellon ADR has increased significantly over the past year, the report reads. December 31, its value was 181,46 points, which is 36% above the level a year earlier. 34 out of 35 country indices of the bank have shown an increase up to the past year, while growth indicators for Argentina, Brazil and India has exceeded 100%. The only loser was Spain, whose index is down about 15%.
In the past year through the issuance of receipts by companies attracted $ 32 billion, a 122% increase from that recorded in 2008 - $ 14.4 billion when it was held 63 of the primary placement of DR issuers from 15 countries (in 2008 — 41 Placement of companies from 16 countries).
leaders of the primary production of steel companies from China, India and Taiwan - they account for 40 transactions volume of $ 8.7 billion
largest initial public last year was the release of DR Dutch financial group ING ($ 11 billion) and Banco Santander Brasil ($ 4,5 billion).
Emerging markets remain the leaders in many ways
issuers from countries with developing economies (emerging markets) continue to occupy a dominant position in world markets, U.S. and global depositary receipts (DR) on shares. According to BNY Mellon, their share had in the past year 69% of placements, 55% of trading volumes, 55% of the outstanding receipts and 50% of new sponsored programs.
“growing emerging markets the situation best illustrated by the striking changes in the movement of capital”, - stated in the bank.
According to EPFR Global, in 2009 the total inflow of funds into emerging markets funds totaled $ 80 billion At the same funds that invest in developed countries, have lost $ 61 billion, while outflows from those funds that are invested in the U.S. amounted to $ 89 billion
Index BNY Mellon Emerging Markets ADR soared by 70%, and the indicator for BRIC countries (Brazil, Russia, India, China) - at 86%.
Brazilian Petrobras had the largest deployment of DR cost in 2009 - worth about $ 58 billion
In eemea among the top five companies - three from Russia
leader in terms of transactions with the DR shares in Eastern Europe, Middle East and Africa (EEMEA) in 2009, it became Gazprom (RTS: GAZP) - about $ 66 billion, according to a report of the bank. The top five on the activity of trades entered Israeli company Teva Pharmaceuticals, Russia”s OAO Lukoil (RTS: LKOH) and Rosneft (RTS: ROSN), as well as South Africa”s AngloGold Ashanti.
total volume of transactions with DB in EEMEA last year amounted to $ 382 billion, a 53% lower than in 2008.
volume of deals in Asia and Latin America have fallen by more than 35%
total volume of transactions inthe Asia-Pacific region amounted to more than 35 billion DR worth $ 760 billion (decline of 40%). The most active trading took place with papers Taiwan Semiconductor Manufacturing - about $ 47 billion
Issuers of the region have launched 45 new sponsored programs. Asian companies raised more than $ 8.7 billion in 45 deals on the primary placement. Among the major includes, inter alia, initial public offerings of three companies AP Tata Group - Tata Steel, Tata Motor and Tata Power.
total volume of transactions in Latin America amounted to $ 780 billion (a decline of 35%), and the trading volume remained almost at the level of 2008 - 36 billion, DR. The leaders of trades are Petrobras ($ 234 billion) and Vale (over $ 184 billion).
affairs in Europe were slightly better - reduction of 26%
Trading volume receipts in Europe last year fell by 26% - to about $ 870 billion
most actively carried out the operation with DR on the action of the British BP - more than $ 76 billion in the top five also included the Finnish Nokia, Luxembourg ArcelorMittal, France”s Total and British Rio Tinto.
Issuers of the region in 2009, launched 22 new sponsored program. European companies have received about $ 15.1 billion in four deals on the primary placement, in particular, ArcelorMittal has attracted $ 3,2 billion
How are things of the BNY Mellon
BNY Mellon is the depositary for the greatest number of programs sponsored by the DR in the world. Since 1990, 187 issuers were transferred to BNY Mellon 224 DR programs from other banks.
BNY Mellon is the depositary for more than 2,1 thousand programs, U.S. and global receipts of companies from 67 states.
volume of assets held in the safekeeping of BNY Mellon, at 30 September stood at $ 22.1 trillion, down 1% compared with a year ago. Assets under management at the bank fell 9% to $ 966 billion
Bank of New York Mellon Corp. was established July 1, 2007 through the merger of Bank of New York Co. and Mellon Financial Corp.
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