CBA ADR mandate for BNY Mellon
Bank of New York Mellon has picked up a key mandate, having been appointed by the Commonwealth Bank (CBA) as the depository bank for its American Depositary Receipt (ADR) program.
The mandate follows on from BNY Mellon’s long-standing relationship with CBA, where it has acted as depositary for the bank’s 144A Depositary Receipt program, which makes available restricted securities to qualified institutional buyers.
The CBA ADRs represent one ordinary share and trade on the over-the-counter market.
AUTHOR
Mike Taylor
Recommended for you
Dan Farmer, chief investment officer of MLC Asset Management, has detailed how its super fund allocations have evolved and whether the fund will consider investing in bitcoin.
Australia’s superannuation capital has been positioned to play a larger role in south-east Asia’s economic development under a new government-backed deal.
Superannuation funds have become the dominant force behind Australia’s private markets boom, fuelling unprecedented growth and reshaping manager operations.
Reserve Bank governor Michele Bullock has said the central bank sees private demand picking up over the next year, taking over from public demand.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
225.31 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
121.06 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
72.47 3 y p.a(%)
4
Paradice Australian Mid Cap A
69.09 3 y p.a(%)
5
Smarter Money Long-Short Credit Investor USD
68.96 3 y p.a(%)
