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 September 20, 2006
NEW YORK, 7 September 2006 - CDS IndexCo LLC and Dow Jones Indexes, publishers of the Dow Jones CDX family of credit derivative indexes, today announced the final portfolio constructions of the Dow Jones CDX Emerging Market Index (DJ CDX.EM) and the Dow Jones CDX Emerging Market Diversified Index (DJ CDX.EM Diversified) which are set to roll on September 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 DOW JONES CDX EMERGING MARKET AND EMERGING MARKET DIVERSIFIED INDEXES
The following table outlines the final changes to the DJ CDX.EM Index and the DJ CDX.EM Diversified Index. The weightings of the indexes is unchanged. The changes to the indexes will be effective as of the roll date.
| INDEX | ADDED1 | REMOVED2 |
|---|---|---|
| DJ CDX EM Series 6 |
| |
| INDEX | ADDED1 | REMOVED2 |
|---|---|---|
| DJ CDX EM Diversified 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.
1The underlying names which were added to DJ CDX EM Diversified Series 4 are not present in DJ CDX EM Series 3.
2The underlying names which were removed from DJ CDX EM Diversified Series 4 remain present in DJ CDX EM Series 3.
Journalists may e-mail questions regarding this press release to PR-Indexes@dowjones.com or contact the Dow Jones Indexes/STOXX press office:
New York: +1-212-597-5720
Frankfurt: + 49-69-97142815
For more information about any of the Dow Jones CDX family of indices, please contact Teresa Chick at Markit on +44 (0)20 7260 2094 or one of the participating dealers listed below:
- ABN AMRO Patrick Phalon, Corporate Communications, (212) 409-6473
- Bank of America Louise Hennessy, GCIB Communications, (212) 847-5403
- Barclays Capital Kristin Friel, Corporate Communications, (212) 412-7521
- Bear Stearns Renu Aldrich, Associate Director, (212) 272-2097
- BNP Paribas Edwina Frawley, (212) 841-3719
- Citigroup Danielle Romero-Apsilos, Corporate and Investment Banking Group Communications, (212) 816-2264
- Credit Suisse Pen Pendleton, Corporate Communications, (212) 325-2590
- Deutsche Bank Michele Allison, Press Office, (212) 250-4864
- Goldman Sachs Michael Duvally, VP, Media Relations, (212) 902-2605
- HSBC Juanita Guiterrez, Media Relations, (212) 525-6282
- JPMorgan Brooke Harlow, Corporate Communications, (212) 270-7381
- Lehman Brothers Kerrie Cohen, Corporate Communications, (212) 526-4092
- Merrill Lynch Kristin Celauro, Media Relations, (212) 449-2004
- Morgan Stanley Mark Lake, Media Relations, (212) 761-0814
- UBS Kris Kagel, UBS Corporate Communications, (212) 713-8703
- Wachovia Elise Wilkinson, 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 and with Hearst of SmartMoney. Dow Jones also provides news content to CNBC and radio stations in the U.S.
About Market Group
Markit Group Limited is the leading provider of independent pricing, reference data, portfolio valuations and OTC derivatives trade processing to the global financial and commodities markets. The company received daily data contributions from over 65 dealing firms, and its services are used by over 450 institutions to enhance trading operations, reduce risk and manage compliance.
Markit's position in the derivatives markets has been acknowledged by the industry with awards from Credit for Best Operational Support Services Provider 2006; Inside Market Data for Reference Data Provider of the Year 2006, and Company to Watch 2006; 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.
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