Dow Jones Indexes launches the Dow Jones Emerging Markets Sector Titans Indexes. The new index series measures the performance of emerging-market companies in each of 11 sectors.
The new indexes have been licensed to Emerging Global Advisors, LLC to serve as the basis of exchange-traded funds (ETFs). Two ETFs based on the Dow Jones Emerging Markets Oil & Gas Titans 30 Index and Dow Jones Emerging Markets Metals & Mining 30 Index are available today on NYSE Arca.
The Dow Jones Emerging Markets Sector Titans index family includes a composite index, 10 industry indexes as defined by the Industry Classification Benchmark (ICB) and one customized index for metals and mining.
“It is important that market participants continue to identify new avenues of diversification in these challenging economic times. The Dow Jones Emerging Markets Sector Titans Indexes take a sector-based approach to tracking emerging-markets stocks, and measure the performance of the largest and most liquid companies in these developing countries,” says Michael A. Petronella, president, Dow Jones Indexes.
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