I decided I wanted to invest in China and India and I found several promising Chinese stocks that are listed on the US stock exchange. But when I went to research Indian stocks and put in the ticker nothing came up. Do I have to go to Bombay to invest? Why aren't more Indian stocks listed on the US stock exchange. Especially the tech stocks. If anyone can tell me what Indian stocks are on the US exchange or where to find it I would appreciate it. Or, how to invest in India through the Bombay exchange or whatever. I am really not interested in a mutual fund, just buying a few shares of certain companies.
Google ADRs. I don't remember the exact number. But there are maybe a dozen Indian companies whose stock trade in the US via ADRs.
Thanks so much for the help.
HERE IS LIST:INFOSYSDR REDDYHDFC BANKICICI BANKMTNLSATYAMSILVERLINETATA COMMTATA MOTORSWIPRO(P.S. DON'T ATTEMPT TO ARBITRAGE ADR'S AGAINST DOMESTIC, YOU WILL LOSE MONEY. THERE ARE LEGAL CONSTRAINTS THAT MAKE IT CURRENTLY IMPOSSIBLE.)
Hi ellenlwb - in case you're not totally familiar with the intricacies of overseas investing, you definitely should invest in getting to know more about ADRs first.Here's some valuable ADR information you should study carefully before even thinking of putting up a cent:http://www.adrbnymellon.com/home_university.jspAmong many other things, you need to find out about ADR fees (on top of broker fees), tax withholding on foreign dividends (depends on tax treaties between US and the country concerned), impact of foreign exchange fluctuations on ADR pricing, etc.On the same site, you'll get comprehensive ADR listings by country, industry, etc:http://www.adrbnymellon.com/dr_directory.jspAlso, here's a Fool article you should check out:http://www.fool.com/investing/dividends-income/2005/11/15/in..."I am really not interested in a mutual fund, just buying a few shares of certain companies."Do remember that investing in individual stocks - particularly foreign ones - requires a very significant commitment of time, effort and skill, and can be quite frustrating due to the difficulty of getting timely, standardised, and reliable performance/ financial data. Have you considered international ETFs instead - they're a lot more suitable for the average investor, and can be much less risky than a few foreign stocks - e.g. Vanguard's Emerging Markets Stock ETF (VWO) - one of the stalwarts in the field?However, if you're sure you want individual stocks only, then you should check out the 30 day free trial offer for Motley Fool Global Gains, which gives you two global stock picks per month, plus Wild Card stocks, funds, and lots of great discussions among its many membershttp://newsletters.fool.com/25/index.aspx?source=ipesittph00...---------------------Global Gains Home Fool
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