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TMH

50.80200 USD
0.347
0.68%
Last update May 8, 1:13 PM EDT
Market closed
Day range
50.80200
50.80200
Previous close
51.14900
Open
50.80200
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Toyota Motor Corporation ADR Hedged
50.80
0.35
0.68%

Overview

Description

Toyota Motor Corporation ADR Hedged is an American Depositary Receipt (ADR) that represents shares in the global automotive giant, Toyota Motor Corporation, while incorporating a currency hedging strategy. This financial instrument allows U.S. investors to gain exposure to Toyota's equity without direct ownership of the underlying shares traded on foreign exchanges. ADRs facilitate trading and settlement in U.S. dollars, providing ease of access to international stocks for domestic investors. The currency hedging component aims to mitigate the impact of exchange rate fluctuations between the Japanese yen and the U.S. dollar, ensuring that the ADR's performance more closely aligns with the company's actual business performance in Japan. Toyota is renowned for its significant contributions to the automotive industry, producing a wide range of vehicles from compact cars to luxury brands under the Lexus marque, and advancing technologies like hybrid, fuel cell, and autonomous vehicles. This ADR allows investors to participate in Toyota's growth and innovations, while simultaneously managing foreign exchange risk, enhancing its appeal in the global financial markets.

About

CEO
Employees
0
Address
Phone
908-781-0560
Website
Instrument type
Common stock
Sector
Industry
Country
United States
MIC code
XASE
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