NEW YORK, July 28, 2008 (PRIME NEWSWIRE) -- Dow Jones Indexes has licensed the Dow Jones Brazil Titans 20 ADR Index to Samsung Investments, a leading Korean investment management company, to serve as underlying for an exchange-traded fund (ETF) in Korea. This is the first time the Dow Jones Brazil Titans 20 ADR Index is licensed to underlie an ETF.
The Dow Jones Brazil Titans 20 ADR Index measures the American Depository Receipt (ADR) prices of the 20 largest and most liquid Brazilian stocks listed on the New York Stock Exchange, American Stock Exchange or Nasdaq.
"The Dow Jones Brazil Titans 20 ADR Index is a unique index that combines the advantages of liquid and U.S. dollar denominated ADRs listed at major U.S. stock exchanges with the transparent and strictly rules-based methodology of the well-known Dow Jones Titans indexes," said Michael A. Petronella, president, Dow Jones Indexes.
"We have chosen the Dow Jones Brazil Titans 20 ADR Index to serve as underlying as it monitors the performance of 20 leading companies in Brazil, one of the most dynamically evolving markets in South America," said Jaekyu Bae, managing director, Index & Alternative Division, Samsung Investments.
The Dow Jones Brazil Titans 20 ADR Index was launched in November 2004 as part of the popular Dow Jones Country Titans index series that includes 21 blue-chip indexes for Australia, Brazil, Canada, Cyprus, Egypt, France, Germany, Hong Kong, Italy, Japan, Kuwait, the Netherlands, Russia, South Africa, South Korea, Spain, Sri Lanka, Sweden, Switzerland, Turkey and the United Kingdom.
Historical data of the Dow Jones Brazil Titans 20 ADR Index is available back to December 31, 2000(i). The index is reviewed annually in March and weighted by float-adjusted market capitalization. Individual components are capped at 25% and the five largest companies are capped 50% of the total index to prevent dominance of any individual company.
For further information on the Dow Jones Brazil Titans 20 ADR Index please visit www.djindexes.com.
Journalists may e-mail questions regarding this press release to PR-Indexes@dowjones.com.
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About Dow Jones Indexes
A full-service index provider, Dow Jones Indexes develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best known for the Dow Jones Industrial Average, Dow Jones Indexes also is co-owner of the Dow Jones STOXX indexes, the world's leading pan-European indexes, and together with Wilshire Associates, provides the Dow Jones Wilshire Global Index family, which is anchored by the Dow Jones Wilshire 5000 and covers more than 12,000 securities in 61 markets. Beyond equity indexes, Dow Jones Indexes maintains a number of alternative indexes, including measures of the hedge fund and commodity markets. Dow Jones indexes are maintained according to clear, unbiased and systematic methodologies that are fully integrated within index families. www.djindexes.com
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(i) The Dow Jones Brazil Titans 20 ADR Index was first published on November 29, 2004. All estimated daily historical closing prices prior to that date are based on back-testing (i.e., calculations of how the index might have performed in the past if it had existed). Back-tested performance information is purely hypothetical and is solely for informational purposes. Back-tested performance does not represent actual performance, and past performance is not indicative of future results.