Anglo American Platinum – US2972842007
In terms of the Anglo American Platinum shares (US2972842007), this ISIN relates to the American Depository receipts (ADRs) traded on the Berlin and Frankfurt Stock Exchanges. For these to be ISA qualifying, the underlying shares in the company would need to be ISA qualifying in their own right (ie. listed on a recognised stock exchange or admitted to trading on a recognised stock exchange in the EEA or UK). So we need to ‘look through’ the ADRs to the underlying shares.
The underlying shares appear to be traded on the over the counter market (OTC) on the Johannesburg Stock Exchange (JSE) which isn’t treated as a recognised stock exchange meaning that the underlying shares are not ISA qualifying. That being the case, any depository receipts representing the shares, such as these ADRs, are also not ISA qualifying.