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Dow Jones Indexes launches four bond indexes for Costa Rica

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Dow Jones Indexes, LVA Indices (LVA), a leading fixed income index and pricing provider in Chile, and Proveedor Integral de Precios (PiP), a leading index and pricing provider in Latin America, thane launched four bond indexes for Costa Rica as part of the Dow Jones LATixx index family. These indexes are designed to measure the performance of the Costa Rican government’s debt instruments in local currency and US dollars.

The Dow Jones LATixx Indexes are designed to serve as a basis for investment products such as exchange-traded funds, structured products, futures and options.

“As interest in Costa Rica’s growing economy increases, these indexes will offer investors an opportunity to measure the government’s bond market, both in local currency as well as in US dollars,” says Michael A Petronella, President, Dow Jones Indexes. “These are the first indexes in the series that measures Costa Rica, specifically.”

The new indexes are:

The Dow Jones LATixx Costa Rica Government Colones Fixed Rate Index, which includes all standardized fixed long-term-rate debt instruments, issued in the local market by Costa Rican public financial institutions (Finance Ministry, Central Bank) in local currency, with a maturity term of more than 360 days;

The Dow Jones LATixx Costa Rica Government Colones Variable Rate Index, which Includes all standardized variable long-term-rate debt instruments, issued in the local market by Costa Rican public financial institutions (Finance Ministry, Central Bank) in local currency, with a maturity term of more than 360 days;

The Dow Jones LATixx Costa Rica Government U.S. Dollar Fixed Rate Index, which includes all standardized fixed long-term-rate debt instruments, issued in the local market by Costa Rican public financial institutions (Finance Ministry, Central Bank) in U.S. dollars, with a maturity term of more than 360 days; and

The Dow Jones LATixx Costa Rica Government U.S. Dollar Variable Rate Index, which includes all standardized variable long-term-rate debt instruments, issued in the local by Costa Rican public financial institutions (Finance Ministry, Central Bank) in U.S. dollars, with a maturity term of more than 360 days.

The new indexes are liquidity weighted, with weights rebalanced monthly.

The initial publication date of the new Costa Rica indexes is June 6, 2011. Back-tested historical data is available back to September 1, 2009, with the base date of August 31, 2009, and an initial value set to 1000.0.

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