NEW YORK, Oct. 8, 2007 (PRIME NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, today launched the Dow Jones Cyprus Titans 10 Index, a blue-chip index representing the 10 largest and most liquid stocks traded on the Cyprus Stock Exchange. The Dow Jones Cyprus Titans 10 Index has already been licensed to ABN Amro as underlying for an open end index certificate. The certificate is expected to be launched next week.
The Dow Jones Cyprus Titans 10 is designed to serve as an underlying for investment products such as structured products, mutual funds, exchange-traded funds and other financial products that enable investors to participate in the performance of the Cyprus stock market. Investors identified Cyprus as a thriving and dynamic market among emerging European markets. The country, which will adopt the Euro on January 1, 2008, is expected to show the potential to maintain high growth rates for the coming years.
The Dow Jones Cyprus Titans 10 index further complements the Dow Jones Country Titans index series, which include now 20 indexes. This expansion reflects the growing interest in the Emerging financial markets and investors' growing need for diversification.
The Dow Jones Cyprus Titans 10 Index is reviewed annually in March and follows Dow Jones Country Titans methodology. Stocks are selected according to their float-adjusted market capitalization and average trading volume. Daily historical index values are available back to December 31, 2006.
For further information on the Dow Jones Cyprus Titans 10 Index please visit www.djindexes.com.
Journalists may e-mail questions regarding this press release to PR-Indexes@dowjones.com or contact Dow Jones Indexes/STOXX press office:
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About Dow Jones Indexes
A full-service index provider, Dow Jones Indexes 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 also is co-owner of the Dow Jones STOXX indexes, the world's leading pan-European indexes, and together with Wilshire Associates, provides the Dow Jones Wilshire Global Index family, which is anchored by the Dow Jones Wilshire 5000 and covers more than 12,000 securities in 59 markets. Beyond equity indexes, Dow Jones Indexes maintains a number of alternative indexes, including measures of the hedge fund and commodity markets. Dow Jones indexes are maintained according to clear, unbiased and systematic methodologies that are fully integrated within index families. www.djindexes.com
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