Newly launched dow jones gcc titans 40 index to underlie exchange-traded fund.Summary: Dow Jones Dow Jonesthe best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance Indexes, a leading global index provider, today launched the Dow Jones GCC GCC: see Gulf Cooperation Council. (compiler, programming) GCC - The GNU Compiler Collection, which currently contains front ends for C, C++, Objective-C, Fortran, Java, and Ada, as well as libraries for these languages (libstdc++, libgcj, etc). Titans 40 Index, which measures the performance of 40 component stocks traded in five of the six Gulf Cooperation Council (GCC) member states: Bahrain, Kuwait, Oman, Qatar and United Arab Emirates United Arab Emirates, federation of sheikhdoms (2005 est. pop. 2,563,000), c.30,000 sq mi (77,700 sq km), SE Arabia, on the Persian Gulf and the Gulf of Oman. (UAE (Uninterruptible Application Error) The name given to a crash in Windows 3.0. In subsequent versions of Windows, a crash was called a "General Protection Fault," "Application Error" or "Illegal Operation." See crash in Windows and abend. ). The five countries included in the index are accessible to foreign investors. Newly launched dow jones gcc titans 40 index to underlie exchange-traded fund Dow Jones Indexes, a leading global index provider, today launched the Dow Jones GCC Titans 40 Index, which measures the performance of 40 component stocks traded in five of the six Gulf Cooperation Council (GCC) member states: Bahrain, Kuwait, Oman, Qatar and United Arab Emirates (UAE). The five countries included in the index are accessible to foreign investors. The index has been licensed to Van Eck Global, a provider of global investment products, to serve as the basis for an exchange-traded fund. This is the first time that a pure GCC index has been licensed to underlie an ETF ETF See Exchange Traded Fund. ETF See exchange-traded fund (ETF). . C[pounds sterling]The Dow Jones GCC Titans 40 Index is the next step in our efforts to build a family of GCC indexes. On July 1st we launched the first indexes in this series, the Dow Jones GCC and Dow Jones Islamic Market GCC indexes,C[yen] said Michael A. Petronella, president, Dow Jones Indexes. C[pounds sterling]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.C[yen] C[pounds sterling]The Gulf region is one of the worldCOs fastest growing and most sought after markets. The countries are seeking to diversify away from energy and to develop their financial markets,C[yen] said Jan van Eck, principal at Van Eck Global. The Dow Jones GCC Titans 40 Index is weighted by float-adjusted market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. . 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 Trading volume The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. of US$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 base value is set at 1000 as of June 30, 2008. The index is calculated in U.S. dollars (USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ), and reviewed annually in June. During quarterly reviews, float factors and shares are updated and eligible IPOs are added, replacing the smallest index components. For more information in the Dow Jones GCC Titans 40 Index, please visit www.djindexes.com.A[umlaut umlaut (  m`lout) [Ger.,=transformed sound], in inflection, variation of vowels of the type of English man to men. ] 2008 Al Bawaba (www.albawaba.com)
A[umlaut] 2008 Al Bawaba (Albawaba.com) Provided by Syndigate.info an Albawaba.com company |
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