Overview
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Description
Mercedes-Benz Group AG Canadian Depositary Receipt is a structured financial instrument that provides investors with exposure to the common shares of Mercedes-Benz Group AG, a leading global automotive manufacturer headquartered in Stuttgart, Germany. This Canadian Depositary Receipt, or CDR, is specifically designed to enable investors—particularly those based in Canada—to access Mercedes-Benz Group AG shares using Canadian dollars, while benefiting from a built-in currency hedge that minimizes the impact of foreign exchange fluctuations. The underlying shares represented by this CDR are the ordinary shares of Mercedes-Benz Group AG, which is recognized for its extensive presence across the luxury automobile sector and related mobility services.
The CDR facilitates more affordable and fractional ownership of international blue-chip equities, promoting portfolio diversification for investors beyond domestic markets. By leveraging the CDR structure, the asset plays a significant role in democratizing access to one of the world’s most established automotive brands, allowing for seamless participation in the performance of Mercedes-Benz Group AG through standard trading platforms.
About
CEO
Mr. Ola Kallenius
Employees
152528
Address
Mercedesstraße 120
Stuttgart, 70372
Stuttgart, 70372
Phone
49 7 11 17 0
Website
Instrument type
Depositary receipt
Sector
Consumer Cyclical
Industry
Auto Manufacturers
Country
Germany
MIC code
XFRA