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5.100000 EUR
0.2
3.77%
Last update Jun 5, 10:24 AM CEST
Market closed
Day range
5.100000
5.100000
Previous close
5.30000
Open
5.100000
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Mercedes-Benz Group AG Canadian Depositary Re...
5.10
0.20
3.77%

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
Phone
49 7 11 17 0
Instrument type
Depositary receipt
Sector
Consumer Cyclical
Industry
Auto Manufacturers
Country
Germany
MIC code
XFRA
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Main market opens in 1 day 3 hours 2 minutes

04:57
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23:59

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08:00 - 22:00
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