This is the first ETF based on the Dow Jones RusIndex Titans 10 Index and the first tradeable product focused on Russian equities now available to investors.
“With so much attention these days on investing in emerging markets – particularly the BRIC countries of Brazil, Russia, India and China, and a performance of the Dow Jones RusIndex Titans 10 of almost 29% so far this year, it was only a matter of time before institutions issued products that specialize in these relatively untapped financial markets,” said Lars Hamich, managing director of STOXX Ltd., the joint venture which is responsible for Dow Jones Indexes' business development in Europe, Asia and the Middle East.
Launched in July 2003, the Dow Jones RusIndex Titans 10 is one of 17 indexes in the Dow Jones Country Titans index series, which represent the largest and most liquid companies that trade on the major exchanges of Australia, Brazil, Canada, Egypt, France, Germany, Hong Kong, Italy, Japan, Netherlands, Russia, South Africa, Spain, Sweden, Switzerland, Turkey and the United Kingdom.
The selection universe for the Dow Jones RusIndex Titans 10 is defined as all stocks listed and traded in Russia. Any security with more than 10 non-trading days within the previous quarter is excluded. Eligible stocks are ranked first by their float-adjusted market capitalization (size) and then by their liquidity, which is defined by their 12-month average daily trading volume. Stocks are again ranked by an equally weighted combination of size and liquidity, and the top 10 are added to the index.
The index is reviewed annually in March. Daily history is available back to December 31, 1998. For more information, including index components, historical data and methodology, please visit www.djindexes.com.
