Bank of New York Mellon's Julio Lugo sees ADRs as a good way for U.S. investors to access foreign markets without the complexity of directly investing money in a foreign stock exchange.
Morningstar's Scott Burns and Bank of New York Mellon's Julio Lugo tackle frequently asked ADR questions about dividends, financial filings, and currency risk.
David Duffy joined the group as sales director and will be responsible for the firm's residential mortgage business in the Mid-Atlantic region, focusing primarily on Philadelphia and Washington, D.C.