27.40000 EUR
0.2
0.74%
Last update Dec 12, 8:03 AM CET
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Day range
27.40000
27.40000
Previous close
27.20000
Open
27.40000
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Qantas Airways Ltd Sponsored ADR
27.40
0.20
0.74%

Overview

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Description

Qantas Airways Ltd Sponsored ADR represents the presence of Qantas Airways on international financial markets through American Depositary Receipts (ADRs). The primary function of this financial instrument is to provide US investors with access to the performance of Qantas Airways, Australia's leading airline, without them having to engage in cross-border transactions. Operating in the aviation industry, Qantas is renowned for its extensive flight network, spanning domestic and international routes, thereby playing a crucial role in connecting Australia with the world. ADRs such as these allow Qantas to widen its investor base beyond Australia by leveraging the US stock market, providing a convenient investment vehicle for American investors interested in the global aviation sector. The Sponsored ADR means that Qantas has an agreement with a US financial institution, ensuring improved transparency and availability of financial information for investors. These features enhance the liquidity of Qantas shares and strengthen its market position, contributing to easier access for capital raising and increased international visibility.

About

CEO
Ms. Vanessa Hudson C.A.
Employees
20000
Address
10 Bourke Road
Mascot, 2020, NSW
Australia
Phone
61 2 9691 3636
Website
Instrument type
American depositary receipt
Sector
Industrials
Industry
Airlines
Country
Germany
MIC code
XFRA
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