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Definition of 'Unsponsored ADR'
An American depositary receipt (ADR) that is issued without the involvement of the foreign company whose stock underlies the ADR. Shareholder benefits, voting rights and other attached rights may not be extended to the holders of these particular securities.
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Investopedia explains 'Unsponsored ADR'
These securities generally trade over the counter rather than on the Nasdaq or NYSE.
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Search results for 'Unsponsored ADR'
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http://stocks.investopedia.com/stock-analysis/2011/LVMH-3-Ways-To-Own-LVMUY-IPD-STT-EEA-DB1023.aspx
... Over the Counter The first way is to buy the actual stock on the pink sheets.
One unsponsored ADR is the equivalent of one-fifth of a share. ...
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http://stocks.investopedia.com/stock-analysis/2010/More-MA-In-Met-Mining--RIO-WLT-VALE-BTU-BHP-TCK-FCX-AA1206.aspx
... the illiquidity, wide bid/ask spreads and poor newsflow of unsponsored ADRs can
represent serious challenges to many investors. (For more, see ADR Basics: What ...
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