The Bank of New York Mellon Launches Russia Select DR Index
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NEW YORK, July 22 /PRNewswire-FirstCall/ -- The Bank of New York Mellon,
(NYSE: BK) the global leader in asset management and securities servicing, has
launched a new index that comprises a select group of depositary receipts
(DRs) from Russia. The Bank of New York Mellon Russia Select DR Index is a
modified capitalization-weighted index that includes DRs trading on the London
Stock Exchange and American depositary receipts (ADRs) trading on the New York
Stock Exchange, American Stock Exchange and Nasdaq. The index is calculated
on a continuous basis throughout the trading day and is adjusted for
free-float, using Dow Jones' current methodology.
The Bank of New York Mellon Russia Select DR Index is accessible on
Reuters and Bloomberg at "bkrus" and on Bridge at "&brus." The Russia Select
DR Index and all of The Bank of New York Mellon DR indices are available at
www.adrindex.com.
"We developed this new DR index in response to today's substantial market
interest in Russia-based investment opportunities," said Michael Cole-Fontayn,
chief executive officer of The Bank of New York Mellon's Depositary Receipt
Division. "The Bank of New York Mellon Russia Select DR Index reflects our
ongoing commitment to bringing the market a wide range of DR indices that
allow investors to effectively benchmark their DR investments."
The Bank of New York Mellon acts as depositary for more than 1,300
American and global depositary receipt programs, acting in partnership with
leading companies from 64 countries. With an unrivaled commitment to helping
securities issuers succeed in the world's rapidly evolving financial markets,
the Company delivers the industry's most comprehensive suite of integrated
depositary receipt, corporate trust and stock transfer services. Additional
information is available at bnymellon.com/dr.
The Bank of New York Mellon Corporation is a global financial services
company focused on helping clients manage and service their financial assets,
operating in 34 countries and serving more than 100 markets. The company is a
leading provider of financial services for institutions, corporations and high
net-worth individuals, providing superior asset management and wealth
management, asset servicing, issuer services, clearing services and treasury
services through a worldwide client-focused team. It has more than $23
trillion in assets under custody and administration, more than $1.1 trillion
in assets under management, and services $11 trillion in outstanding debt.
Additional information is available at bnymellon.com.
This release is for informational purposes only. The Bank of New York
Mellon provides no advice nor recommendation or endorsement with respect to
any company or securities. Nothing herein shall be deemed to constitute an
offer to sell or a solicitation of an offer to buy securities. Depositary
Receipts: Not FDIC, State or Federal Agency Insured; May Lose Value; No Bank,
State or Federal Agency Guarantee.
SOURCE The Bank of New York Mellon Corporation
Dori Flanagan, +1-212-815-2291, dori.flanagan@bnymellon.com, or Joe Ailinger,
+1-617-722-7571, joe.ailinger@bnymellon.com, both of The Bank of New York
Mellon Corporation
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