Stock exchange Chi-X Australia, in conjunction with Deutsche Bank, has launched Transferable Custody Receipts (TraCRs) over five US listed companies.
The five are in addition to 10 existing global blue-chip US listed companies available to local investors on Chi-X Australia, via TraCRs.
TraCRs trade in Australian dollars, on a local exchange and during Australian trading hours.
The five latest products are:
- Amazon TCXAMZ
- Berkshire Hathaway (Class B) TCXBRK
- Pfizer CXPFE
- Merck TCXMRK
- Johnson & Johnson TCXJNJ
“Since the arrival of TraCRs in the Australian market, we have seen sustained interest, especially among the retail and SMSF segments. These investors typically want to diversify their portfolios, so it is appealing for them to be able access US listed shares without having to manage different time zones as well as foreign brokerage, FX and custody costs,” Chi-X Australia chief executive Vic Jokovic said.