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Dow Jones BRIC indexes to underlie ETFs


The Dow Jones BRIC Brazil 15, Dow Jones BRIC India 15, Dow Jones BRIC China 15 and Dow Jones RusIndex Titans 10 indexes have been licensed to BNP Paribas Asset Management to serve as the basis for four exchange-traded funds.

The EasyETF DJ Brazil 15, EasyETF DJ India 15, EasyETF DJ China 15, and EasyETF DJ Russia Titans 10 will be available on NYSE Euronext Paris today.

This is the first time that the Dow Jones BRIC indexes for Brazil, India and China have been licensed for ETFs.

The Dow Jones BRIC Brazil 15 Index measures the performance of 15 leading blue-chip companies whose stocks trade on the Bovespa stock exchange in Brazil. The Dow Jones BRIC India 15 Index comprises 15 of the largest and most liquid stocks traded on the Bombay and national stock exchanges of India. The Dow Jones BRIC China 15 Index includes 15 major blue-chip stocks whose primary operations are in mainland China, but whose stocks trade on the Hong Kong Stock exchange or at a major US stock exchange. These three sub-indexes are derived from the composite Dow Jones BRIC 50 Index, which covers Brazil, Russia, India and China.

The Dow Jones RusIndex Titans 10 represents the ten largest and most liquid Russian depositary receipts that trade on the London Stock Exchange.

"While the downturn in markets decreased risk appetite across most asset classes, as the global economy begins to turn around market participants are reverting to a long term view and showing renewed interest in these thriving economies. The Dow Jones BRIC indexes for Brazil, India and China, as well as the Dow Jones RusIndex Titans 10, are superior benchmarks that measure the performance of some of the most sought-after emerging markets by institutional and retail investors," says Ricardo Manrique, chief executive officer of Stoxx, the joint venture which is responsible for Dow Jones Indexes’ business development in Europe. "BNP Paribas Asset Management’s decision to list ETFs on these country indexes complements the existing ETF based on the Dow Jones BRIC 50 Index, which reflects the broad view of all these countries in a single index."

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