ADR Indexes
Explore global equity opportunities without having to access overseas markets directly. MSCI ADR Indexes represent large- and mid-cap companies across developed and emerging markets through U.S.-listed securities, via their American depositary receipts (ADRs).1 The indexes are built to allow investors to evaluate and implement global strategies within the efficiency of the U.S. market infrastructure — with access to roughly 90% of global markets.2
Target benefitsAccess global companies within convenience of U.S. markets
Expand global opportunity
Gain exposure to international equities with indexes designed to deliver diversification benefits without leaving U.S. exchanges — using U.S.-listed securities.
Build personalized portfolios
Design scalable, personalized portfolios aligned with unique client preferences and investment objectives — with indexes that cover roughly 90% of the global investable universe.
Increase operational efficiency
Simplify portfolio construction and potentially minimize operational friction during implementation through a liquid, investable ADR universe.
How MSCI ADR Indexes capture global markets
Our ADR Indexes, which capture large- and mid-cap companies from developed and emerging markets, follow the same index construction framework as the MSCI Global Investable Market Indexes — but are expressed entirely through ADRs.
This construction provides global equity representation using U.S.-listed instruments, supporting consistent analysis and evaluation through familiar U.S. market systems and liquidity standards.
The indexes replace eligible constituents of the parent index with their corresponding liquid ADRs, all of which are traded on U.S. exchanges (NYSE or Nasdaq) or over-the-counter.
Eligible securities include level I, II and III ADRs, selected through liquidity screening to help ensure investability and transparency.
ADR index resources
Direct Indexing for Wealth
Learn how we can help wealth managers deliver personalized portfolios through direct indexing and ADR-based solutions.
Custom Indexes
Build products, personalize portfolios and get support aligning with regulations with our Custom Indexes.
Want to learn more about global diversification?Let us know.
1 For indexes that include the MSCI Canada Cross-Listed Index, the constituents are represented by U.S. dual-listed securities whose primary listings are part of the MSCI Canada Index.
2 Source: MSCI Research, as of June 30, 2025.