Dow Jones Indexes said it is launching the Dow Jones Global Fund 50 Index: a new index in collaboration with the Global Fund to Fight AIDS, Tuberculosis and Malaria, “which will help generate resources for the Global Fund’s work.” The new index measures the performance of the largest companies that support the mission of the Global Fund. A portion of revenues generated through the licensing of the index will go to the Global Fund. Dow Jones said the new index “is the flagship of a new index series, which will include indexes with overlaying strategies and additional themes.” The index has been licensed to db X-trackers, the leading ETF platform of Deutsche Bank, to serve as a basis for a financial product, the db x-trackers Global Fund Supporters ETF. The ETF is now trading on the Frankfurt stock exchange.
Dow Jones described the Fund as comprising the top 50 companies (based on float-adjusted market capitalization) that contribute to the mission of the Global Fund. The index is quoted in U.S Dollars (USD). Float-market capitalization measures the amount of shares in a company that are readily available to be traded by investors. No more than 15 companies are selected from any individual country. The weight of individual countries is capped at 40% and single components are capped at 20%. The composition of the index is reviewed annually, in June. Float factors, shares and weights are updated quarterly. As of October 29, 2010, the year-to-date performance calculated in USD for the Dow Jones Global Fund 50 Index is -4.29%. Back-tested historical data has been calculated daily back to December 31, 2004, the date at which the index base value is set at 1000.
vaccines and global health :: ethics and policy 