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.
Featured indexes
These Additional Terms of Use govern your access or use of the index data and related information and materials on the MSCI web site ("Index Data"). Initial and subsequent access and use of the MSCI web site and Index Data is subject to these Additional Terms of Use.
The Index Data is for informational, non-commercial purposes only, and the user of the information contained in the Index Data assumes the entire risk of any use made of the Index Data. You understand and agree that the Index Data is provided "as is" and MSCI does not warrant the accuracy, completeness, non-infringement, originality, timeliness or any other characteristic of the Index Data.
The Index Data is not an offer or recommendation to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy. Further, none of the Index Data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. Reproduction, redistribution or any other form of copying or transmission of the Index Data without MSCI's prior written consent is strictly prohibited. Without limiting the generality of the foregoing, the Index Data and other MSCI intellectual property you access via the MSCI web site may not, without MSCI's prior written permission, be used as a basis for any financial instruments or products (including, without limitation, passively managed funds and index-linked derivative securities) or other products or services, or used to verify or correct data in any other compilation of data or index, or used to create any other data or index (custom or otherwise), or used to create any derivative works, or used for any other commercial purposes.
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ADR index resources
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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.