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Dow Jones BRIC 50 licensed to BNP Paribas


The Dow Jones BRIC 50 Index has been licensed to BNP Paribas Asset Management to serve as the basis for an exchange-traded fund.

The Dow Jones BRIC 50 Index has been licensed to BNP Paribas Asset Management to serve as the basis for an exchange-traded fund.

The EasyETF DJ BRIC 50 is available on NYSE Euronext, Paris.

The 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, five 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 US 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," says Ricardo Manrique, chief executive officer of Stoxx. "The Dow Jones BRIC 50 Index offers market participants a superior tool to capture the performance of these sought-after markets."

Daniele Tohmé-Adet, head of ETFs and indexed funds, BNP Paribas Asset Management, adds: "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 index was launched on 7 June 2006. Daily historical data is available back to 31 December 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 ten per cent of the index’s total free-float market capitalization. The index is calculated in US dollar and euro. As of 9 July 2009 the index has been up 36.82 per cent for the year.

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