CDS IndexCo and Dow Jones Indexes Announce Final Portfolio Constructions of the Dow Jones CDX Emerging Market and Emerging Market Diversified Indexes Which are Set to Roll on March 20, 2006
NEW YORK, 8 March 2006 - CDS IndexCo LLC and Dow Jones Indexes, publishers of the Dow Jones CDX family of credit derivative indexes, today announced the portfolio construction of the Dow Jones CDX Emerging Market Index (DJ CDX.EM) and the Dow Jones CDX NA Emerging Market Diversified Index (DJ CDX.EM Diversified) which are expected to roll on March 20, 2006. The portfolio selection process was conducted by Markit, the index administrator, with input from the member banks of the CDS IndexCo consortium and approved by Dow Jones Indexes.
The member banks that are part of the CDS IndexCo consortium include: ABN AMRO, Bank of America, Barclays Capital, Bear Stearns, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, UBS, and Wachovia.
FINAL PORTFOLIO CONSTRUCTION OF THE DJ CDX.EM and the DJ CDX.EM DIVERSIFIED Indices
The following table outlines the final changes to the DJ CDX.EM and the DJ CDX.EM Diversified Indices. The changes will be effective as of the roll date.
INDEX
- DJ CDX EM Series 5
Added
- Republic of Indonesia- Ukraine
REMOVED
- Republic of Bulgaria- Republic of Korea
- Romania
There are no Changes to the DJ CDX EM Diversified Index.
The underlying names which were added to DJ CDX EM Series 5 are not present in DJ CDX EM Series 4.
The underlying names which were removed from DJ CDX EM Series 5 remain present in DJ CDX EM Series 4.
The index is scheduled to roll every six months in order to rebalance the portfolio as necessary.
Please see the "Credit Derivative Indexes" link at www.djindexes.com to view the underlying constituents of each index.Daily prices and spreads, constituent information and documentation are also posted under "CDX Home" on www.markit.com
Journalists may also e-mail questions regarding this press release to:
PR-Indexes@dowjones.com or contact Sybille A. Reitz, Dow Jones Indexes Public Relations, (212) 597-5735 or (917) 603-6987
For more information about any of the Dow Jones CDX family of indices, please contact Teresa Chick at Markit on +44 (0)20 7890 5094 or one of the participating dealers listed below:
ABN AMRO - Patrick Phalon, Corporate Communications, (212) 251-3524Bank of America - Jennifer DiClerico, GCIB Communications, (212) 933-2396
Barclays Capital - Karina Byrne, Corporate Communications, (212) 412-7561
Bear Stearns - Russell Sherman, (212) 272-5219
BNP Paribas - Michael Johnson, (212) 841-2546
Citigroup - Danielle Romero-Apsilos, Corporate and Investment Banking Group Communications, (212) 816-2264
Credit Suisse - John Gallagher, Corporate Communications, (212) 325-0932
Deutsche Bank - Michele Agostinho, Press Office, (212) 250-4864
Goldman Sachs - Ed Canaday, VP, Media Relations, (212) 357-0005
HSBC - Juanita Gutierrez, Media Relations, (212) 525-6282
JPMorgan - Michael Dorfsman, Corporate Communications, (212) 270-7317
Lehman Brothers - Kerrie Cohen, Corporate Communications, (212) 526-4092
Merrill Lynch - Michael Duvally, Media Relations, (212) 449-3260
Morgan Stanley - Mark Lake, Media Relations, (212) 761-0814
UBS - Kris Kagel, UBS Corporate Communications, (212) 713-8703
Wachovia - Jim Pierpoint, VP, Media Relations, (704) 374-6512
Note to Editors:
About CDS IndexCo
CDS IndexCo is a consortium of 16 investment banks which are licensed to be market makers in the Dow Jones CDX indexes. The market makers include: ABN AMRO, Bank of America, Barclays Capital, Bear Stearns, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, UBS, and Wachovia.
About Dow Jones Indexes
Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information. Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages and the Dow Jones Global, Regional, Country and Sector Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX Indexes. Together with Wilshire Associates, Dow Jones Indexes markets and licenses the Dow Jones Wilshire index family, which includes the Dow Jones Wilshire 5000 and its size, style, and sector indexes. Dow Jones Indexes also offers a number of specialty indexes including hedge fund, commodity and credit derivative indexes.
In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: 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, MarketWatch and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC Universal of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.
Markit Group Limited
Markit Group Limited is the benchmark industry source of independent pricing and valuations for the global financial and energy markets. Markit has data contributed by over 50 dealing firms, and its services are used by 400 institutions globally. Areas of product expertise include OTC derivatives (credit, equity, FX, rates, inflation, energy, power, metals and structured products), corporate bonds, syndicated loans, dividend forecasting, and index and ETF management.
Markit has most recently brought price transparency to the European asset-backed securities market with the launch of the first independent ABS pricing service. Its position in the derivatives markets has been acknowledged by the industry with awards from Risk Magazine for Trading Initiative of the Year 2006 (Credit Event Fixings); Structured Finance International's Editor's Award for Advancing Structured Finance 2006; International Securitisation Report's Editor's Award for Innovation 2005; International Financing Review's Innovation of the Year 2005 (Credit Event Fixings); Financial News' Best Derivatives Data Provider 2005; and Institutional Investor's Operations Management Award for Vendor of the Year 2005.
www.markit.com View all Press Releases