NEW YORK, June 8, 2011 (GLOBE NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, LVA Indices (LVA), the leading fixed income index and pricing provider in Chile, and Proveedor Integral de Precios (PiP), a leading index and pricing provider in Latin America, today announced the launch of 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 U.S. 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 U.S. dollars," said Michael A. Petronella, President, Dow Jones Indexes. "These are the first indexes in the series that measures Costa Rica, specifically."
"These indexes will offer investors from all over the world an opportunity to observe the emerging economy of Costa Rica in a transparent and understandable way," said Eduardo Rodriguez, CEO, PiP at Centro America.
"The new indexes will provide local investment managers with the ability to benchmark the performance of their portfolios against Costa Rican government bonds, a critical factor in measuring and analyzing results," said Gregorio Gonzalez, CEO, LVA Indices.
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.
As of May 31, 2011:
- the Dow Jones LATixx Costa Rica Government Colones Fixed Rate Index had a year-to-date performance of 5.03%;
- the Dow Jones LATixx Costa Rica Government Colones Variable Rate Index had a year-to-date performance of 3.93%;
- the Dow Jones LATixx Costa Rica Government U.S. Dollar Fixed Rate Index had a year-to-date performance of 2.14%; and
- the Dow Jones LATixx Costa Rica Government U.S. Dollar Variable Rate Index had a year-to-date performance of 1.76%.
For more information on the Dow Jones LATixx Indexes, please visit .
Journalists may e-mail questions regarding this press release to media@djindexes.com.
Note to Editors:
About Dow Jones Indexes
Dow Jones Indexes () is a leading full-service index provider that develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best-known for the Dow Jones Industrial Average, Dow Jones Indexes offers more than 130,000 equity indexes as well as fixed-income and alternative indexes, including measures of hedge funds, commodities and real estate. Dow Jones Indexes employs clear, unbiased and systematic methodologies that are fully integrated within index families. Dow Jones Indexes is the marketing name for CME Group Index Services LLC, a joint venture company which is owned 90 percent by CME Group Inc. () and 10 percent by Dow Jones & Co., Inc. (), a News Corp. company (Nasdaq:NWS) (Nasdaq:NWSA) (ASX:NWS) (ASX:NWSLV) ().
The Dow Jones Indexes logo is available at
The Dow Jones LATixx Costa Rica Indexes were first published on June 6, 2011. All estimated daily historical closing prices prior to that date are based on back-testing (i.e., calculations of how the index might have performed in the past if it had existed). Back-tested performance information is purely hypothetical and is solely for informational purposes. Back-tested performance does not represent actual performance, and past performance is not indicative of future results.
"Dow Jones Indexes", the marketing name of CME Group Index Services LLC ("CME Indexes"), is a trademark of Dow Jones Trademark Holdings LLC. "Dow Jones®", "Dow Jones Indexes", "DJ", "LVA", "PiP", "LATixx", "Dow Jones LATixx Indexes" and all other index names listed above are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones"), LVA Indices S.A. ("LVA") and Proveedor Integral de Precios, S.A. de C.V. ("PiP"), as the case may be, and have been licensed for use by CME Indexes. "CME" is a trademark of Chicago Mercantile Exchange Inc. The Dow Jones LATixx IndexesSM are published pursuant to an agreement among CME Indexes, LVA and PiP. Investment products based on the Dow Jones LATixx Indexes are not sponsored, endorsed, sold or promoted by Dow Jones, CME Indexes, LVA, PiP or their respective affiliates and none of Dow Jones, CME Indexes, LVA, PiP and their respective affiliates make any representation regarding the advisability of investing in such products. Inclusion of a bond or other instrument in any of the Dow Jones LATixx Indexes does not in any way reflect an opinion of Dow Jones, CME Indexes, LVA, PiP or any of their respective affiliates on the investment merits of such bond or other instrument. None of Dow Jones, CME Indexes, LVA, PiP or any of their respective affiliates is providing investment advice in connection with these indexes.
CONTACT: Dow Jones Indexes Rich Silverman +1-212-597-5720 richard.silverman@djindexes.com PiP: Eduardo Rodriguez +506-2204-7005 erodriguez@pipca.co.cr LVA Indices: Gregorio Gonzalez +56-2-339-8415 gregorio.gonzalez@lvaindices.com
