US listed ADR: MARUY (Marubeni Corp ADR): Each ADR represents 10 underlying shares of Marubeni Corporation (8002.T). This is explicitly stated in one of the search results which mentions "ADR-Each Cnv into 10 NPV" and "Ratio (ORD:DRS) 10 :1"
I was unable to find a definitive ADR ratio for MARUF in the search results. However, given the significant price difference observed between MARUY and MARUF, it's highly likely that MARUF represents a different number of underlying shares than MARUY
MARUY is generally the more actively traded ticker .. pls correct me if i am wrong.
Also currently, the ability to buy fractional shares of OTC stocks is not a widely available feature. You will likely need to purchase whole shares of MARUY and MARUF if your broker allows trading in these OTC securities.
Buying BRK is enough to hold Marubeni as well right ?
The exposure is tiny.
nice analysis .. thank you sir & sashwat. appreciate if you can also include the ticker symbol for US listed asset.
US listed ADR: MARUY (Marubeni Corp ADR): Each ADR represents 10 underlying shares of Marubeni Corporation (8002.T). This is explicitly stated in one of the search results which mentions "ADR-Each Cnv into 10 NPV" and "Ratio (ORD:DRS) 10 :1"
I was unable to find a definitive ADR ratio for MARUF in the search results. However, given the significant price difference observed between MARUY and MARUF, it's highly likely that MARUF represents a different number of underlying shares than MARUY
MARUY is generally the more actively traded ticker .. pls correct me if i am wrong.
Also currently, the ability to buy fractional shares of OTC stocks is not a widely available feature. You will likely need to purchase whole shares of MARUY and MARUF if your broker allows trading in these OTC securities.