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Latam

North

America

International

Investor

Highlights

• The value of

institutional holdings of

DRs was

$808.4 billion

as disclosed in

September 2016

• In terms of investor

type, Investment

Managers (Mutual

Funds) and Hedge

Funds accounted for

roughly

87%

of the

DR value held

• In terms of investment

style, growth, value and

index funds accounted

for roughly

73%

of the

DR value held

Institutional DR

$808.4B

Total Value of DRs Held

DR VALUE HELD

$580.6B

72% of Total

DR VALUE HELD

$4.3B

< 1% of Total

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