3J·

Roche - accidentally bought ADR

I accidentally put my savings plan with Trade Republic on the ADR instead of the original share a few months ago. Due to the fluctuations in the dollar, it seems to have performed even slightly better than the share itself when traded in euros.

Apart from the currency fluctuations, will I suffer any significant disadvantages from the ADR in the long term? For example, in terms of taxes or extra fees. I am a German investor in Germany, with no ties to Switzerland or the USA. The position is relatively small, so I would rather avoid transaction costs for an unbalancing.

$RHHBY (+0 %)
$ROG (-0,16 %)

4 Commentaires

Ayecaramba@Ayecaramba256

A few months ago, the original share did not yet exist. The original shares from Switzerland have only been tradable in Germany again since May

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Homer@Simpson

If you receive dividends from Roche, you pay additional fees for ADRs.
At least that was always a few % for me years ago with Gazprom
So ADRs only if there is really no chance of getting original shares

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Jonas@jonas189

@Simpson Do you happen to know how much that is? Because if it were only one cent per share, it would still be cheaper for me to stay in than to shift over.

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Ayecaramba@Ayecaramba256

@jonas189 Roche ADRs (ticker RHHBY) typically incur the following fees:

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1. ADR administration fee (pass-through fee)
- Fixed at around USD 0.0275 per ADR - retained directly by the custodian bank (JP Morgan), usually from dividend income .
- Fees of between USD 0.01 - 0.03 per ADR are common for ADRs, see e.g. reports on HIMX or RYCEY ADRs

If only there was a free program that could answer such questions quickly

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