First Mexican Mutual Funds Based on the Dow Jones Industrial Average To Be Launched by Actinver Fondos de Inversion and Santander Serfin.Business Editors NEW YORK--(BUSINESS WIRE)--June 18, 2003 Investors in Mexico now will be able to buy or sell mutual funds linked to the performance of the Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. . Dow Jones Indexes, one of the leading global index providers, issued its first such licenses in Mexico to Santander Serfin, Mexico's third-largest fund company, and Actinver Fondos de Inversion, Mexico's largest independent fund company. "This is an another important step for Dow Jones Indexes to establish the Dow Jones Industrial Average, the flagship index of our global index family, as the leading U.S. equity index underlying investment products globally," said Ridgely Walters, senior director of client development and sales for Dow Jones Indexes. "These two new mutual funds will allow Mexican investors for the first time in their home market to invest in the world's most widely recognized barometer of the United States equity market. We expect that these investment tools will attract many retail and institutional investors." The mutual funds that are issued on the Dow Jones Industrial Average will be available exclusively in Mexico. It is the first time the Mexican regulatory office has approved investment products based on a non-Mexican equity index. The 30 stocks of the Dow Jones Industrial Average started trading at the Mexican Stock Exchange Mexican Stock Exchange The only stock exchange in Mexico. The Indice de Precios y Cotizaciones, or IPC index, consists of the 35 most representative stocks chosen every two months. end of May 2003. Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages Dow Jones Averages A trademark used for three indexes of the relative price of selected industrial, transportation, and utility stocks based on a formula developed and periodically revised by Dow Jones & Company, Inc. , the Dow Jones Global Titans The Dow Jones Global Titans 50 Index was created to reflect the globalization of international blue chip securities in the wake of mergers and the creation of mega-corporations. 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30 and the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information. In addition to Dow Jones Indexes, Dow Jones & Company (NYSE NYSE See: New York Stock Exchange : DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires Dow Jones Newswires is the real-time financial news organization owned by Dow Jones. Founded in 1882, its primary competitors are Bloomberg L.P. and Reuters. The company reports more than 420,000 subscribers -- including brokers, traders, analysts and fund managers -- as of July and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. of the CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence) CNBC Consumer News and Business Channel CNBC Congress of National Black Churches, Inc. television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S. Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes public relations group. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion