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• The investment and securities industry is rebounding from the dismal markets of the early 2000s.
• Improved corporate profits, low interest rates and efforts to improve corporate governance have led the way, despite recent scandals in the mutual funds industry.
• Meanwhile, the investment industry is increasingly a global business.
• This is partly due to the needs of multinational corporations to list their stocks or issue debt in more than one nation.
• For example, ADRs (American Depository Receipts) are increasingly popular instruments.