BNY Mellon has launched BNY Mellon Composite Depositary Receipts Index, a new all-encompassing measure of the depositary receipts universe. It comprises all American depositary receipts, New York Shares, Global Registered Shares that trade on the New York Stock Exchange, NYSE Amex, NASDAQ and over-the-counter, as well as global depositary receipts that trade on the London Stock Exchange.
The BNY Mellon Composite Depositary Receipts Index is the umbrella index for the company’s four existing DR indices, ADR Index, GDR Index, DR Index and Classic ADR Index.
Michael Cole-Fontayn, chief executive officer of BNY Mellon’s depositary receipts business, said: “The creation of the Composite Depositary Receipts Index signifies our commitment to the DR investment community. In keeping with our goals, we are providing DR indices that are investable for both institutional and retail investors, offering recognition to the individual constituents or each foreign company.”
Julio Lugo, global head and vice president of DR Index Solutions at BNY Mellon, said: “With nearly $2 bn of assets correlated to the BNY Mellon family of DR indices, we continue to deliver products to investors worldwide. There also are now eight exchange-traded funds (ETFs) benchmarked to BNY Mellon Depositary Receipts Indices.”
