Dow Jones Indexes, a leading global index provider, today announced component changes for the Dow Jones RusIndex Titans 10 Index as a result of the annual ….
component review.
Going forward, components for the Dow Jones RusIndex Titans 10 Index will be selected from Russian companies that have a Global Depository Receipt (GDRs) listing on the London Stock Exchange.
As a result, seven current components in the Dow Jones RusIndex Titans 10 Index will switch from their primary listings on the MICEX to their corresponding GDRs, which trade on the London Stock Exchange. The components are Gazprom OAO ADS (Russia, Oil & Gas, GAZP), Surgutneftegaz JSC ADS (Russia, Oil & Gas, SNGS), Lukoil Holdings ADS (Russia, Oil & Gas, LKOH), Rosneft GDR (Russia, Oil & Gas, ROSN), Norilsk Nickel Mining & Metallurgical Co. ADS (Russia, Basic Resources, GMKN), Novatek GDR (Russia, Oil & Gas, NVTK) and Tatneft GDR (Russia, Oil & Gas, TATN).
In addition, Mobile Telesystems (Russia, Telecommunications, MTSS.RS), Uralkali (Russia, Chemicals, URKA.RS) and Sberbank Rossia (Russia, Banks, SBER.RS) will be removed from the Dow Jones RusIndex Titans 10 Index and replaced by Severstal JSC GDR (Russia, Basic Resources, SVST), VTB Bank GDR (Russia, Banks, VTBR), and Novolipetsk Iron & Steel Corp. GDR, (Russia, Basic Resources, NLMK), respectively.
The component changes in the Dow Jones RusIndex Titans 10 Index will be effective after the close of business on Friday, March 20, 2009.
The Dow Jones RusIndex Titans 10 Index contains the 10 largest and most liquid Russian companies traded on the London Stock Exchange (GDRs). To be included in the index, a GDR listing must meet minimum liquidity requirements.
Source: ETFWorld.com – Dow Jones Indexes
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