Overview
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Description
Broadcom Inc Canadian Depositary Receipt (CAD Hedged) is a Canadian depositary receipt that provides investors with exposure to Broadcom Inc., a leading U.S.-based semiconductor and infrastructure software company. This equity security represents an interest in Broadcom Inc. shares, structured to trade and settle in Canadian dollars while incorporating built-in currency hedging to mitigate the effects of exchange rate fluctuations between the Canadian dollar and the U.S. dollar. It offers access to Broadcom's core operations in high-growth areas such as networking, broadband, wireless connectivity, data centers, and enterprise software, all within the information technology sector, specifically semiconductors. The receipt distributes dividends aligned with the underlying company's payouts, typically on a quarterly basis, and supports fractional share ownership to simplify international diversification for Canadian and local-currency investors. By leveraging domestic market infrastructure, Broadcom Inc Canadian Depositary Receipt (CAD Hedged) enables participation in a prominent U.S. technology leader without direct exposure to foreign exchange volatility.
About
CEO
Mr. Hock E. Tan
Employees
37000
Address
3421 Hillview Ave
Palo Alto, 94304, CA
United States
Palo Alto, 94304, CA
United States
Phone
650 427 6000
Website
Instrument type
Depositary receipt
Sector
Technology
Industry
Semiconductors
Country
Canada
MIC code
XTSE