Depositary Receipt Market Review

Depositary Receipt Market Review

Year End 2015 | February 2016

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A focus on the pharmaceutical and healthcare sectors, as well as increased attention to ESG factors are among the trends reshaping strategies for issuers and their investors.

Message from the CEO

Christopher Kearns

Dear Clients and Friends,

2015 was a challenging year for the global markets. Despite this, BNY Mellon continued its efforts to support the Depositary Receipt (DR) markets and make them an even more impactful tool for issuers and investors. As the leading depositary bank,1 BNY Mellon was at the forefront of many initiatives designed to add value to our clients.

Social Finance is at the core of BNY Mellon’s business strategy. During 2015, we became the first depositary to provide detailed data and insights to help clients understand the Environmental, Social and Governance factors that are reshaping global investment strategies.

BNY Mellon has also acted as depositary for clients raising funds in 2015 in the pharmaceutical and healthcare sectors. 2015 saw 23 companies, from these sectors, raise $5.7 billion in DR form.1 Such transactions can be used to broaden their investor base and increase funding for research and development, which in turn can improve lives.

To ensure that we target areas that are important and relevant to clients, and where we can drive positive change, BNY Mellon is focused on corporate social responsibility. Our approach to corporate social responsibility has evolved beyond our already strong employee engagement, environmental stewardship and community commitments. Now, to complement BNY Mellon’s role in global capital markets, we’re invested more than ever — invested in our people, invested in market integrity and invested in the world.

We look forward to putting these principals — and our knowledge and expertise — to work in 2016 to help DR issuers and their investors build a market that will benefit all.

Sincerely,
Christopher Kearns signature
Christopher Kearns
Chief Executive Officer, Depositary Receipts

 

Depositary Receipts allow companies and investors around the globe to connect seamlessly across borders, playing an increasingly important role in global financial markets.

2015 Year in Review Highlights1,2

  • 160 billion DRs valued at $3.1 trillion traded
  • Over $9.9 billion raised through 41 DR offerings
  • 58 new sponsored programs created
  • 59 new unsponsored programs created
  • 3,602 total DR programs in existence


READ THE FULL REPORT

During 2015, we became the first depositary to provide detailed data and insights to help clients understand the Environmental, Social and Governance factors that are reshaping global investment strategies.

Christopher Kearns, CEO, BNY Mellon Depositary Receipts


Total Sponsored DR Programs1

Total Sponsored DR Programs

 


Statistics in this report are as of December 31, 2015, unless otherwise noted.

All uses of $ refers to the U.S. dollar.

1 BNY Mellon and other depositary bank websites as of December 31, 2015 (BNY Mellon, J.P. Morgan, Citibank, Deutsche Bank)

2 Bloomberg, December 31, 2015.

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of Dec. 31, 2015, BNY Mellon had $28.9 trillion in assets under custody and/or administration, and $1.6 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www. bnymellon.com/newsroom for the latest company news.

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Depositary Receipts:
NOT FDIC, STATE OR FEDERAL AGENCY INSURED
MAY LOSE VALUE
NO BANK, STATE OR FEDERAL AGENCY GUARANTEE

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