Dow Jones Indexes licenses additional 8 Emerging Markets Sector Indexes


Dow Jones Emerging Markets Sector Titans Indexes now serve as the basis for 11 of EGA’s ETFs


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Dow Jones Indexes 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.

Source: ETFWorld –   Dow Jones Indexes