Dow Jones BRIC 50 Index Licensed to BNP Paribas to Underlie Exchange-Traded Fund
NEW YORK, July 10, 2009 (GLOBE NEWSWIRE) -- Dow Jones Indexes, a leading global
index provider, today announced that the Dow Jones BRIC 50 Index has been
licensed to BNP Paribas Asset Management to serve as the basis for an
exchange-traded fund (ETF) for the first time. The EasyETF DJ BRIC 50 will be
available on NYSE Euronext, Paris today.
The Dow Jones BRIC 50 Index measures the performance of leading blue-chip
companies from Brazil, Russia, India and China. The index includes 15 Brazilian
companies whose stocks trade on the Bovespa stock exchange, 5 Russian companies
whose stocks trade on the RTS and Micex stock exchanges, 15 Indian stocks which
trade on the Bombay and National stock exchanges of India, as well as 15
blue-chip stocks for China whose primary operations are in mainland China, but
whose stocks trade on the Hong Kong Stock exchange or at a major U.S. stock
exchange.
"The emergence of domestic demand, increasing importance in terms of global
output and continued decoupling from the developed countries, are among the
attractive characteristics of Brazil, Russia, India and China. All of these
factors contribute to the growing role these four emerging markets play in the
world economy," said Ricardo Manrique, chief executive officer, STOXX Ltd., the
joint venture which is responsible for Dow Jones Indexes' business development
in Europe. "The Dow Jones BRIC 50 Index offers market participants a superior
tool to capture the performance of these sought-after markets."
Daniele Tohme-Adet, head of ETFs and indexed funds, BNP Paribas Asset
Management, said: "By licensing the Dow Jones BRIC 50 Index we are adding
emerging markets exposure to the EasyETF portfolio. The EasyETF BRIC 50 offers
market participants a very flexible access to the BRIC emerging markets within a
UCITS-III compliant packaging."
The Dow Jones BRIC 50 Index was launched on June 7, 2006. Daily historical data
is available back to December 31, 2002. The index is available in price and
total return versions, and is reviewed annually in September. It is weighted by
float-adjusted market capitalization, and each component's weight is capped at
10% of the index's total free-float market capitalization. The Dow Jones BRIC 50
Index is calculated in U.S. dollar and euro. As of July 9, 2009 the index has
been up 36.82% for the year.
Further information on the Dow Jones BRIC 50 Index can be found on
www.djindexes.com.
The Dow Jones and STOXX logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=4632
Journalists may e-mail questions regarding this press release to
PR-Indexes@dowjones.com
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CONTACT: Dow Jones Indexes/STOXX press offices:
New York:
+1-212-597-5720
Frankfurt:
+49-69-29725-290
Hong Kong:
+852-800-969-336
Singapore:
+65-6-4154-299
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