ADRs are tradeable assets that mirror shares in companies issued outside of the US. They are usually issued by banks and let US investors trade in overseas companies using the US dollar and legal system.
For example, investors in the US can buy ADRs in Royal Dutch Shell - the famous oil company. Shell is traded on the London Stock Exchange in pounds but ADRs let US investors buy them in dollars.
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ADRs are tradeable assets that mirror shares in companies issued outside of the US. They are usually issued by banks and let US investors trade in overseas companies using the US dollar and legal system.
