American Express Company Canadian Depositary Receipt (CAD Hedged) (AXP)

Profile

https://www.americanexpress.com

American Express Company Canadian Depositary Receipt (CAD Hedged) is a Canadian Depositary Receipt that provides exposure to American Express Company, a global services firm focused on payment and travel-related products. The CDR structure allows investors to access the economic performance of American Express shares in Canadian dollars while incorporating a built-in currency hedge designed to reduce the impact of fluctuations between the U.S. and Canadian dollars. Through this instrument, investors gain fractional, indirect ownership in American Express, which today operates charge and credit card networks, issues consumer and commercial cards, and offers expense management, loyalty, and travel services to individuals, small businesses, and large enterprises worldwide. The CDR passes through dividends from the underlying company and is intended primarily for Canadian investors seeking simplified access to a major U.S. financial services and payments brand without directly managing foreign exchange exposure. American Express Company is headquartered in New York, United States.