The Bank of New York Mellon Launches the Classic ADR Index

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Tue May 19, 2009 8:35am EDT

New index reflects all U.S. publicly-traded ADRs, Offers key tool to
separately managed account (SMA) managers

NEW YORK, May 19 /PRNewswire-FirstCall/ -- The Bank of New York Mellon (NYSE:
BK), the global leader in asset management and securities servicing, has
announced the launch of The Bank of New York Mellon Classic ADR Index(SM) and
34 subindices, including two market, three regional, 10 sector and 19 country
indices.  The Bank of New York Mellon Classic ADR Index comprises all American
depositary receipts (ADR), New York Shares and Global Registered Shares that
trade on the New York Stock Exchange, NYSE Alternext US, NASDAQ and
over-the-counter (OTC).  All indices are calculated on a continuous basis
throughout the trading day, are capitalization-weighted and adjusted for
free-float, using Dow Jones' current methodology. 

The recent rule change implemented to Rule 12g3-2(b) under the Securities
Exchange Act of 1934 has led to a significant rise in the number of OTC traded
ADRs.  As a result of the change, certain non-U.S. companies are now
automatically exempt from SEC reporting requirements, provided specified
information is accessible on their websites.  Through the first quarter of
2009, nearly 700 new unsponsored ADR programs from 47 countries were created
by The Bank of New York Mellon and other depositary banks.  When added to
existing sponsored ADRs, the new unsponsored programs enable investors to
better replicate many of the world's leading foreign equity indices in
U.S.-traded, dollar-denominated securities.

"Institutional and retail investors alike can no longer ignore this segment of
the ADR universe, thanks to the recent U.S. SEC rule amendment regarding
unsponsored American depositary receipts and the fact that more than $1
billion of these new programs have been issued since October 2008," said
Michael Cole-Fontayn, chief executive officer of The Bank of New York Mellon's
Depositary Receipt Division.  

"The new Classic ADR Index reflects all U.S. publicly-traded ADRs, which will
specifically benefit separately managed account (SMA) managers with a complete
ADR-only index," added Julio Lugo, vice president, DR Index Solutions, in the
Depositary Receipt Division.

The Classic ADR Index expands the investable constituents of the well-known
Bank of New York Mellon ADR Index(SM), which celebrated its 10-year
anniversary last year.  The Bank of New York Mellon Classic ADR Index is
accessible on Reuters and Bloomberg at "bkcax" and on Bridge at "&bca."  All
the Bank's DR Index families are available directly at
www.bnymellondrindex.com and through the Bank's DR website at
www.bnymellon.com/dr.   

The Bank of New York Mellon acts as depositary for more than 2,100 American
and global depositary receipt programs, acting in partnership with leading
companies from 67 countries. With an unrivalled commitment to helping
securities issuers succeed in the world's rapidly evolving financial markets,
the Company delivers the industry's most comprehensive suite of integrated
depositary receipt, corporate trust and stock transfer services. Additional
information is available at www.bnymellon.com/dr.

The Bank of New York Mellon Corporation is a global financial services company
focused on helping clients manage and service their financial assets,
operating in 34 countries and serving more than 100 markets. The company is a
leading provider of financial services for institutions, corporations and
high-net-worth individuals, providing superior asset management and wealth
management, asset servicing, issuer services, clearing services and treasury
services through a worldwide client-focused team. It has $19.5 trillion in
assets under custody and administration, $881 billion in assets under
management, services more than $11 trillion in outstanding debt, and processes
global payments averaging $1.8 trillion per day. Additional information is
available at www.bnymellon.com.

This release is for informational purposes only. The Bank of New York Mellon
provides no advice nor recommendation or endorsement with respect to any
company or securities. Nothing herein shall be deemed to constitute an offer
to sell or a solicitation of an offer to buy securities. Depositary Receipts:
Not FDIC, State or Federal Agency Insured; May Lose Value; No Bank, State or
Federal Agency Guarantee. 



SOURCE  The Bank of New York Mellon

Dori Flanagan, +1-212-815-2291, dori.flanagan@bnymellon.com, or Joe Ailinger,
+1-617-722-7571, joe.ailinger@bnymellon.com
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