Last Updated on 21 November, 2023 by Samuelsson
The complete list of Finnish ADRs
Finland has per capita output quite similar to that of France, the United Kingdom, and Germany- basically the other western European economies. Known as a vastly industrialized and mixed economy, some of the biggest sectors of Finland’s economy include services, manufacturing, and refining along with primary production.
With manufacturing being the key sector of Finland’s economy, with respect to foreign trade, some of the largest sectors involve vehicles with other engineered metal goods, electronics, forest industry, and machinery. Famously being rich in timber and other mineral and freshwater resources, the agricultural industry, paper factories, and forestry are sensitive to rural citizens.
Finland is also heavily mixed with the global economy and constitutes a third of gross domestic product (GDP) with foreign trade. Its largest trade flows from – the Netherlands, the United Kingdom, Germany, Sweden, China, Russia, and the United States. Finland has natively been among the supporters for free trade with an exception for agriculture while the European Union handles the trade policy.
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American Depositary Receipts ( ADRs )
American Depositary Receipts (ADR) are negotiable tools for securities issued by a US bank or a broker to represent a particular amount of shares in an international organization but are listed and can be traded in US exchanges. With ADR’s paying dividends in US dollars and their flexibility to be traded like normal shares, companies now have the luxury of buying foreign stocks in abundance with the liberty of using them on the US exchanges.
ADRs can be found listed on Nasdaq, NYSE, Amex and can be also traded OTC ( Over-the-Counter). Before the introduction of ADRs, American Investors were bound to buy shares on international exchanges only, which involved extra expense over currency exchange and differences in foreign jurisdiction and regulation. Without a US presence, it was riskier for investors to put their money on foreign companies.
Below you find a list of the Finnish ADRs:
Finland – NYSE/Nasdaq
Company | Ticker | |
1 | Nokia | NOK |
Finland – OTC
Company | Ticker | |
1 | Amer Sports | AGPDY |
2 | Cargotec | CYJBY |
3 | DNA Oyj | DNAJY |
4 | Elisa | ELMUY |
5 | Fortum | FOJCY |
6 | Kesko OYJ | KKOYY |
7 | Kone | KNYJY |
8 | Konecranes | KNCRY |
9 | Metso | MXCYY |
10 | Neste Oyj | NTOIY |
11 | Nokian Tyres | NKRKY |
12 | Orion | ORINY |
13 | Outokumpu | OUTKY |
14 | Outotec | OUKPY |
15 | Rovio Entertainment | RVTTY |
16 | Sampo | SAXPY |
17 | Sanomawsoy | SWYBY |
18 | Stora Enso | SEOAY |
19 | Tieto | TCYBY |
20 | UPM-Kymmene | UPMKY |
21 | UPM-Kymmene | UPMMY |
22 | Uponor | UPNRY |
23 | Valmet OYJ | VLMTY |
24 | Wartsila | WRTBY |
25 | YIT | YITYY |
FAQ
– What are ADRs (American Depositary Receipts) and how do they work in the context of international investing?
ADRs are negotiable securities issued by U.S. banks or brokers to represent shares in international organizations. They are listed and traded on U.S. exchanges, providing American investors with easier access to foreign stocks.
– How do ADRs contribute to the flexibility of trading foreign stocks in the U.S.?
ADRs offer flexibility by allowing foreign stocks to be traded on U.S. exchanges like regular shares. They provide the convenience of trading in U.S. dollars and eliminate the need for investors to navigate foreign jurisdictions and regulations.
– What is the significance of ADRs paying dividends in U.S. dollars?
ADRs paying dividends in U.S. dollars simplifies the investment process for American investors, eliminating the need to deal with currency exchange and providing a clear and consistent payout.