NEW YORK, June 23, 2011 (GLOBE NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, today announced that Emerging Global Advisors LLC (EGA) has licensed an additional eight indexes from the Dow Jones Emerging Markets Sector Titans Indexes series for EGShares' expanding family of exchange-traded funds (ETFs).
EGA, a Ridgewood, N.J.-based asset management company focused exclusively on emerging markets and the advisor to EGShares, has branded the ETFs as GEMS (Global Emerging Market Sectors). The GEMS allow investors to pursue emerging markets sector exposures with the same precision that is possible in U.S. and other developed markets.
With the announcement of its eight new licenses, Dow Jones Emerging Markets Sector Titans Indexes now serve as the basis for a total of 11 GEMS:
Newly licensed issues
- EGShares Basic Materials GEMS ETF
- EGShares Consumer Goods GEMS ETF
- EGShares Consumer Services GEMS ETF
- EGShares Health Care GEMS ETF
- EGShares Industrials GEMS ETF
- EGShares Technology GEMS ETF
- EGShares Telecom GEMS ETF
- EGShares Utilities GEMS ETF
Existing licensed issues
- EGShares GEMS Composite ETF
- EGShares Energy GEMS ETF
- EGShares Financials GEMS ETF
"Dow Jones Indexes has a long, successful history of working with innovative institutional investors who look to us for creative market solutions, and our Emerging Markets Sector Titans Indexes are an extension of that pedigree," said Michael A. Petronella, President, Dow Jones Indexes.
"This series offers market participants liquid, investable sector indexes for efficient and precise emerging markets exposure. EGA's decision to license more of our indexes as it expands its unique ETF offering underscores Dow Jones Indexes' position as a premier provider of emerging markets sector indexes."
The Dow Jones Emerging Markets Sector Titans Indexes also feature key attributes such as:
- only companies from IMF-defined emerging markets countries are included; by comparison, other widely used emerging markets indexes include companies from IMF-defined developed countries; and
- producing sector indexes that offer greater liquidity relative to competitors.
The Dow Jones Emerging Markets Sector Titans Indexes measure the stock performance of leading emerging-market companies in 10 industries and two sectors (oil & gas, metals & mining) as defined by Dow Jones Indexes' proprietary classification system. (The Dow Jones Emerging Markets Sector Titans Composite 100 Index is a 100-stock index representing the top 10 companies by float-adjusted market capitalization of each of the 10 industry indexes.)
The indexes are derived from the Dow Jones Emerging Markets Total Stock Market Index, which is a broad benchmark of companies in 35 emerging market countries. The indexes are constructed by selecting leading companies within each sector based on their rankings by float-adjusted market capitalization, revenue and net profit.
The Dow Jones Emerging Markets Sector Titans Indexes are part of the Dow Jones Titans Indexes series, which measures the performance of the largest stocks within countries, sectors and regions. All indexes in the broad family are constructed and maintained according to the same underlying principles, with the goal of covering the largest and most established companies in specified markets. Each of the indexes contains 100 or fewer securities selected based on size, revenue, net income and/or trading volume.
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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) ().
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The "Dow Jones Emerging Markets Titans IndexesSM" are a product of Dow Jones Indexes, a licensed trademark of CME Group Index Services LLC ("CME Indexes"), and have been licensed for use. "Dow Jones®", "Dow Jones Emerging Markets Titans IndexesSM" and "Dow Jones Indexes" are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones"), have been licensed to CME Indexes and sublicensed for use for certain purposes by Emerging Global Advisors LLC. "Titans" is a service mark of CME Indexes. "CME" is a service mark of Chicago Mercantile Exchange, Inc. The Emerging Global Shares Exchange-Traded Funds (EGShares)SM based on the Dow Jones Emerging Markets Titans Indexes are not sponsored, endorsed, sold or promoted by Dow Jones, CME Indexes or their respective affiliates and Dow Jones, CME Indexes and their respective affiliates make no representation regarding the advisability of investing in such ETFs.
The Dow Jones Emerging Markets Sector Titans Indexes were first published on May 21, 2009. 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). Backtested performance information is purely hypothetical and is solely for informational purposes. Backtested performance does not represent actual performance, and past performance is not indicative of future results.
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