Dow Jones Brazil Titans 20 ADR Index licensed to underlie ETFs

Dow Jones Indexes has licensed its Brazil Titans 20 ADR Index for the first time as an underlying for an exchange-traded fund (ETF) in South Korea. The index measures the American Depository Receipt (ADR) prices of the 20 largest, most liquid Brazilian stocks listed on the New York Stock Exchange, American Stock Exchange or Nasdaq.

The index was launched in November 2004 as part of the Dow Jones Country Titans index series, which comprises 21 blue-chip indexes for a range of countries, including Australia, Canada, Cyprus, Egypt, France, Germany, Hong Kong, Italy, Japan, Kuwait, the Netherlands, Russia, South Africa, South Korea, Spain, Sri Lanka, Sweden, Switzerland, Turkey and the UK.

The Dow Jones Brazil Titans 20 ADR Index is reviewed annually in March and weighted by float-adjusted market capitalisation. The individual