The firm points to strong investor appetite, largely from the US, to buy Indian equities through over-the-counter American depositary receipts.
Tag : depositary receipts
The bank has signed an MoU with the Shanghai Stock Exchange to clear the way for listings of ETFs based on BNY Mellon's indices of firms that use depositary receipts.
Sandie OÆConnor of JP Morgan is positive on the prospects for collateral management, securities lending and transition management, despite a third-quarter drop in revenue for the bank's worldwide securities services unit.