Thursday, December 3, 2009

The 10 Most Traded European ADRs

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The following 10 European ADRs have daily trading volume of over 2.5 millions shares:
  1. Nokia (NOK)
  2. Alcatel-Lucent(ALU)
  3. ArcelorMittal (MT)
  4. Ericsson (ERIC)
  5. ABB (ABB)
  6. UBS (UBS)
  7. ING (ING)
  8. Vimpel Communications (VIP)
  9. Banco Santander (STD)
  10. Statoil(STO)
While many tech stocks are up this year, Nokia is still down 18% YTD. The financial giant ING has lost 15% YTD. Due to the strong rebound of the Russian market, Vimpel Communications has soared over 167% so far this year.

Posted by Betsy at 10:38 PM

Wednesday, December 2, 2009

Downloadable Excel List of Foreign ADRs Listed in NASDAQ

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Download:

Complete list of Foreign Stocks Listed in NASDAQ (in Excel)

Posted by Betsy at 2:23 AM

Tuesday, December 1, 2009

Latin American Bank ADRs Show Strong Performance YTD

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Emerging market banks were not affected much if anything at all in last year's global meltdown. While most banks in the developed world or the "core" played with exotic derivatives
and offered reckless loans to almost anyone with a heartbeat, emerging market banks stayed prudent and followed stable growth strategies. Hence almost all of the banks in developing countries such as Brazil, China, India, Malaysia, Chile, Colombia, etc. remained stable during last year and revived their growth this year.

Some of the others reasons for the strength of banks in the developing world include:

1. Existence of both public and private sector banks
2. Strict banking regulations
3. High deposit to loan ratios
4. Strong capital adequacy ratios
5. Negligible involvement in subprime loans and derivatives

Many of the reasons mentioned above have helped Latin American bank stocks gain upward momentum year-to-date as noted below:

1. Banco Macro (BMA)
YTD Change: 173%

2. Grupo Financiero Galicia (GGAL)
YTD Change: 138%

3. bacno Bradesco (BBD)
YTD Change: 121%

4. Itau Unibanco (ITUB)
YTD Change: 121%

5. BBVA Banco Frances (BFR)
YTD Change: 111%

6. Bancolombia (CIB)
YTD Change: 87%

7. Corpbanca (BCA)
YTD Change:87%

8. Banco Santander Chile (SAN)
YTD Change:76%

9. Banco De Chile (BCH)
YTD Change: 62%

The growth of these bank stocks also show domestic and foreign investors' confidence in growth of this sector. With strong balance sheets and sound policies, Latin American banks are in a good shape to expand further next year and beyond.

Posted by Betsy at 5:35 PM
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