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Dow Jones and Stoxx license North African and Asian indices for BNP Paribas ETFs

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BNP Paribas Asset Management has signed a licensing agreement with Dow Jones Indexes and Stoxx to issue exchange-traded funds based on the Dow Jones Stoxx Asia/Pacific 600 ex Japan, the Do

BNP Paribas Asset Management has signed a licensing agreement with Dow Jones Indexes and Stoxx to issue exchange-traded funds based on the Dow Jones Stoxx Asia/Pacific 600 ex Japan, the Dow Jones South Korea Titans 30, the Dow Jones CASE Egypt Titans 20 and the Dow Jones Turkey Titans 20 indices on Euronext Paris.

‘The Dow Jones Stoxx Asia/Pacific 600 ex Japan Index provides market participants with a broad exposure to the core developed financial markets within the Asia-Pacific region,’ says Werner Bürki, chairman of the Stoxx supervisory board. ‘The indexes for South Korea, Egypt and Turkey follow the methodology of the Dow Jones Titans index series.

‘Investors may tap into these dynamically evolving markets through the comparable, transparent and stringent principles of a well-established index series. By adding these four indexes, BNP Paribas further internationalises its ETF range based on Dow Jones and Dow Jones Stoxx indices.

Danièle Tohme Adet, head of business development for ETFs and indexed funds at BNP Paribas Asset Management, says: ‘BNP Paribas is expanding the EasyETF range in terms of thematic and geographical allocations. We chose the Dow Jones Country Titans indices for South Korea, Turkey and Egypt as underlying as they give easy access to these thriving markets through major blue-chip stocks.

‘In addition, the Dow Jones Stoxx Asia/Pacific 600 ex Japan index covers the main developed countries of this strongly evolving region and is therefore an ideal completion to the existing EasyETF range representing Asian developed and emerging markets.’

The Dow Jones Stoxx Asia/Pacific 600 ex Japan Index is a broad and investible index for the Asia/Pacific region currently comprising 213 components from Australia, Hong Kong, New Zealand and Singapore. The index is reviewed quarterly and weighted by float-adjusted market capitalisation. Components can have a maximum weight of 20 per cent in the index.

The newly-launched Dow Jones South Korea Titans 30 Index measures the 30 largest and most liquid stocks listed on the Korean Stock Exchange., with any security trading fewer than 10 days per quarter excluded. The index is reviewed annually in March and weighted by float-adjusted market capitalisation with individual components capped at 10 per cent.

The Dow Jones CASE Egypt Titans 20 Index was launched on April 12, 2006 and measures the 20 largest stocks traded on the Cairo and Alexandra Stock Exchanges. The index is weighted by float-adjusted market capitalisation, sales/revenue and net profit with the largest component capped at 35 per cent and all other components capped at 20 per cent.

The Dow Jones Turkey Titans 20 Index was launched on August 3, 2004 and already serves as the underlying basis for exchange-traded funds. The index comprises the 20 largest and most liquid companies traded on the Istanbul Stock Exchange. The index is weighted by float-adjusted market capitalisation with individual components capped at 10 per cent.

Best known for the Dow Jones Industrial Average, Dow Jones Indexes is also co-owner of the Dow Jones Stoxx indices (it owns Stoxx in partnership with Deutsche Börse and Swiss Exchange) and together with Wilshire Associates it 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. Dow Jones Indexes also maintains various alternative indices, including measures of the hedge fund and commodity markets.

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