Turkey in expanded Dow Jones Islamic Index
Posted by meb at November 4th, 2008
Dow Jones Indexes, a leading global index provider, announced yesterday that Bahrain, China, Egypt, India, Jordan, Kuwait, Morocco, Oman, Qatar, Sri Lanka, Turkey and the United Arab Emirates will be added to the Dow Jones Islamic Market World Index and all of its sub-indexes, including the Dow Jones Islamic Market World Emerging Markets Index. The additions will become effective as of the start of trading on Monday, Dec. 22, 2008.
“The new country additions supplement the Dow Jones Islamic Market Indexes with highly attractive and dynamic emerging markets. It is our goal to provide the investment community with the most comprehensive benchmarks of companies that comply with Islamic investing principles”, said Michael A. Petronella, president of Dow Jones Indexes. “The Dow Jones Islamic Market Indexes were originally created in 1999 and continue to serve as the premier benchmark family for Islamic-based equity portfolios.”
The addition of the 12 new countries to the Dow Jones Islamic Market World Index increases the total number of countries in the index from 42 to 54. The 12 countries will be added to the Dow Jones Islamic Market World Index and its respective size, sector and regional indexes.
There are currently more than 75 licensees with more than $7 billion in assets tracking the Dow Jones Islamic Market Indexes.
source: Today’s Zaman
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