Shares of hundreds of major overseas-based companies, including names such as British Petroleum, Sony, and Toyota, are traded as ADRs on US stock markets in US dollars.
ADRs are actually receipts issued by US banks that hold actual shares of the companies' stocks. They let you diversify into international markets without having to purchase shares on overseas exchanges or through mutual funds.
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- Closed-end fund, Diversified Mutual Fund, Emerging markets fund, Global depositary receipt (GDR), Global fund, international fund, investment company, Offshore fund, Sector fund, Sector Mutual Fund, World fund
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