Don’t know if it’s any help but just to point out that the underlying UK and Swiss listings of two of those (BATS and NOVN) are already fractional. Novartis is a great company, if only for inventing a wonderous drug that literally keeps me and many thousands of others with cancer alive.
Out of interest – anyone know if there is any advantage to owning an ADR over the underlying company? I’ve always gone direct unless it’s unavailable, assuming that’s likely the better option. Anyone able to walk me through the pros and cons?
@topher as you rightly point out only 2 of them are available in other markets.
I decided to keep my portfolio in USD for me, that way all my trading times are at the same time and i stay in USD and do not have the issue with all the currency conversion. But unfortunately, that doesn’t work with all of them…but i prefer to keep it at a minimum.
sometimes ADRs have different taxes. For example BNS: US listed version only has 15% withholding and the canada listed (original listing) has 25% withholding