According to a press release, The Bank of New York Mellon GDR Index comprises all GDRs traded on the London Stock Exchange. The new subindexes include one market, six regional, and 23 country GDR indexes, and serve as benchmarking tools for investors and intermediaries to track the GDR market and to benchmark specific GDR holdings.
The company also announced the launch of a broader composite index, The Bank of New York Mellon DR Index, which combines The Bank of New York Mellon GDR Index and The Bank of New York Mellon ADR Index. The Bank of New York Mellon ADR Index includes all American depositary receipts (ADRs) listed on the New York Stock Exchange (NYSE), the American Stock Exchange (AMEX), and NASDAQ.
Also launched were one market, four regional, and eight country subindexes of The Bank of New York Mellon DR Index. The 14 new DR indexes join the bank’s established DR indexes—The Bank of New York Mellon Russia Select DR Index, The Bank of New York Mellon Frontier Select DR Index, and The Bank of New York Mellon New Frontier DR Index.
The Bank of New York Mellon GDR Index, The Bank of New York DR Index, and their subindexes are capitalization-weighted and calculated on a continuous basis throughout the trading day, the announcement said.
More information is available at www.bnymellon.com/dr.