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Understanding BHP ADR’s

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Question asked 15/02/2025

Understanding BHP ADR’s

Can i buy BHP shares on the ASX for $39 aud, turn into an adr on ibkr and sell for $49usd??

Answer

Hi Denge,

Usually when it sounds too good to be true it is, however, we applaud your out of the box thinking.

The BHP ADR’s, which are priced in $US, represent TWO BHP shares, once the conversion from 2:1 is made and the FX is taken into account alas, there is no arbitrage opportunity!

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BHP Group Ltd (BHP US)

LAST UPDATED 13/02/2025 15:06

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