Precidian to List First ADRhedged Securities in the U.S. on Cboe, Providing Exposure to Individual International Companies with an Embedded Currency Hedge
CBOECboe(CBOE) Prnewswire·2024-10-07 22:00

ADRhedged™ securities (ADRHs) are designed to provide U.S. investors simple, cost-effective exposure to the share price of individual international companies with the added benefit of an embedded currency hedge New offering in the U.S. builds on success of currency-hedged Canadian Depositary Receipts (CDRs) listed on Cboe Canada ADRHs are sponsored by Precidian Investments ("Precidian"), currency hedged by Canadian Imperial Bank of Commerce ("CIBC"), custodied with Bank of New York Mellon ("BNY Mellon") and ...