If you’re an investor looking to add luxury brand stocks to your portfolio, you may be wondering if you can buy shares of Hermes in the US. Hermes International S.A., commonly known as Hermes, is a French high-end fashion and luxury goods manufacturer that was founded in 1837 by Thierry Hermès. The company is known for its iconic Birkin and Kelly bags, silk scarves, and other luxury items.
Can I Buy Hermes Stock in US?
Unfortunately, the answer is no. As of now, Hermes stock is not listed on any major US stock exchanges such as the NYSE or NASDAQ. The only way to invest in Hermes would be through the Euronext Paris stock exchange where it trades under the ticker symbol RMS.
Why Can’t I Buy Hermes Stock in the US?
The reason why you can’t buy Hermes stock in the US is because it’s a foreign company that doesn’t have an American Depository Receipt (ADR). An ADR is a certificate issued by a US bank that represents shares of a foreign company held by the bank. This allows American investors to easily invest in foreign companies without dealing with foreign currencies or exchanges.
What are my options to invest in Hermes?
- Buy Shares Directly: One option would be to purchase shares directly through the Euronext Paris stock exchange. However, this can be challenging for individual investors due to currency exchange rates and language barriers.
- Mutual Funds: Another option would be to invest in mutual funds that hold shares of Hermes. These funds are managed by professionals who purchase and hold a diversified portfolio of stocks on behalf of investors.
- ETFs: Exchange-traded funds (ETFs) are similar to mutual funds but trade like stocks on an exchange. You can invest in ETFs that focus on luxury goods and fashion which may include Hermes as part of their portfolio.
Conclusion
In conclusion, while it’s not possible to buy Hermes stock in the US at this time, there are other investment options available for those interested in the luxury brand. These include purchasing shares directly through the Euronext Paris stock exchange, investing in mutual funds or ETFs that hold shares of Hermes, or looking into other luxury brands that are available on US stock exchanges. As always, it’s important to do your own research and consult with a financial advisor before making any investment decisions.
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