Products July 14, 2008

Market Vectors-Africa ETF Lists on NYSE Arca

NYSE Euronext launched Van Eck’s Market Vectors-Africa exchange-traded fund (ETF) on NYSE Arca.
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Market Vectors-Africa Index ETF (ticker: AFK) gives access to a fast-growing, relatively untapped market that is becoming increasingly sought by investors looking beyond existing international investment opportunities, NYSE Euronext said.

AFK is designed to track the Dow Jones Africa Titans 50 Index, a rules-based index intended to give investors access to the overall performance of companies that are headquartered in Africa or that generate the majority of their revenues in Africa, according to a release.

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Products July 14, 2008

Dow Jones Launches Third GCC Index

Dow Jones Indexes launched the Dow Jones GCC Titans 40 Indexâ€″the third in its efforts to build a family of Gulf Cooperation Council (GCC) indexes.
Reported by

The Dow Jones GCC Titans 40 Index measures the performance of 40 component stocks traded in five of the six GCC member states: Bahrain, Kuwait, Oman, Qatar, and United Arab Emirates (UAE). It has been licensed to Van Eck Global, a provider of global investment products, to serve as the basis for an exchange-traded fund (ETF)—the first time that a pure GCC index has been licensed to underlie an ETF, according to a Dow Jones press release.

“As part of the Titans index family, this index represents the biggest and most liquid investable blue-chip stocks for the GCC region and facilitates investor participation in an important world market,” said Michael A. Petronella, president, Dow Jones Indexes, in the release.

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The Dow Jones GCC Titans 40 Index is weighted by float-adjusted market capitalization. Weights of individual stocks are capped at 8% in each country, with a maximum of 15 companies per country without an additional cap on country weights. Stocks must have an average daily trading volume of $1 million to be qualified for the index.

Eligible securities are ranked by float-adjusted market capitalization, with the top three companies in each of the five countries being automatically selected as index components. Additional components are selected top-down from the pool of all remaining companies until 40 components are reached. Back-tested estimated daily index history will be available back to December 31, 2003.

The index is calculated in U.S. dollars and reviewed annually in June.

More information is available at www.djindexes.com.

See also:Dow Jones Launches Index for Persian Gulf Stocks

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