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 ADR 20 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 . 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.