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Sep 30, 1997

ADR Record Breakers

American investors eager to build international portfolios continue to spur ADR growth, helping to set record after record

Appetites for greater real returns are being satisfied by a new breed of emerging market companies from Eastern Europe and the Middle East; and, in the meantime, new capital raisings from Europe have maintained the trend for companies from developed countries to act as the mainstay of a market that is growing wider and deeper. By David Lake and Julie Kozma Interesting new trends are emerging in the depositary receipt market this year. And, if the first half is anything to go by, it is progressing

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