BNY Creates New GDR Indexes
October 28, 2008 5:14 am
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The Bank of New York Mellon has launched The Bank of New York Mellon GDR Index and 30 global depository receipt (GDR) subindexes. The GDR Index covers all the global depository receipts traded on the London Stock Exchange. The subindexes cover broad market, regional and country GDR exposure, with country benchmarks the largest group, numbering 23 sub-indexes. The original BNY Mellon ADR Index was created 10 years ago, and features 56 subindexes. BNY Mellon has also melded the new GDR index with its existing ADR index to create a depository receipt index covering all issues on the major U.S. exchanges and the LSE. The hybrid Bank of New York Mellon DR Index includes all American depository receipts (ADRs) listed on the New York Stock Exchange, the American Stock Exchange and NASDAQ, as well as all the GDRs that trade on the LSE. Subindexes have also been created based on the hybrid DR index—one broad market, four regional and eight country subindexes. Existing DR indexes from BNY Mellon include the Russia Select DR Index, the Frontier Select DR Index and the New Frontier DR Index. The GDR Index, DR Index and their subindexes are cap-weighted, calculated on a continuous basis throughout the trading day and are free-float adjusted using Dow Jones' methodology. The regional GDR subindexes cover:
The country GDR subindexes cover:
The GDR Index has the ticker BKGDR (Bloomberg and Reuters), or &BGDR (Reuters Station). The DR Index has the ticker BKDRX (Bloomberg and Reuters) and &BDRX (Reuters Station). |
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