Page 17 - Citi Depositary Receipts Year-End 2015 Report

13 Year-End 2015 Report| Global DR Trends
Unsponsored ADRs (continued)
Issuer Country 2015 Volume
(DR Millions)
Eurobank Ergasias SA Greece 1,795
Tokyo Electron Ltd Japan 275
Glencore PLC Switzerland 227
Tencent Holdings Ltd China 172
Piraeus Bank SA Greece 156
Cie Financiere Richemont SA Switzerland 109
SoftBank Group Corp Japan 65
Schneider Electric SE France 53
Anglo American PLC UK 47
Bank Mandiri Persero Tbk PT Indonesia 44
Top Ten Most-Liquid Programs1, 2, 3
(As Measured by Trading Volume)
Source: Bloomberg and Depositary Data Interchange
Top Ten Volume Movers1, 2, 3
Volume (DR Millions)
Issuer Country 2014 2015 Increase/(Decrease)2
Eurobank Ergasias SA Greece 132 1,795 1,663
Glencore PLC Switzerland 66 227 162
Piraeus Bank SA Greece 36 156 120
Cie Financiere Richemont SA Switzerland 41 109 68
Tencent Holdings Ltd China 109 172 62
SoftBank Group Corp Japan 127 65 (62)
Tokyo Electron Ltd Japan 323 275 (48)
Alstom SA France 53 6 (47)
Banco Espirito Santo SA Portugal 46 4 (42)
CaixaBank SA Spain 0 41 41
Source: Bloomberg and Depositary Data Interchange
1Data as of December 31, 2015.
2Absolute change in DR Trading Volume.
3DR trading volume has been unadjusted for certain corporate actions, including stock splits, stock dividends and rights offerings.