Russell Investment Group has established Russell Indexes Asia Co. Ltd. to provide clients with data and customer support for Russell Indexes, including Russell U.S. Equity Indexes and the Russell/Nomura Japan Equity Indexes. www.russell.com.
Dow Jones Indexes (DJI) has designed these new indexes to serve as underlying for mutual funds, exchange-traded funds (ETFs) and other products: The BRIC 50 Index, a blue-chip index measuring the performance of companies in Brazil, Russia, India and China; the Islamic Market BRIC Equal Weighted Index, for companies in Brazil, Russia, India and offshore China markets that comply with Islamic principles; the RusIndex Titans 10 Index tracks the 10 largest and most liquid stocks in Russia; and the DJI Internet Composite Index, which tracks 40 Internet companies in the United States. www.djindexes.com.
EXCHANGE TRADED FUNDS
ProShare Advisors LLC will launch exchange traded funds based on a short and levered Dow Jones Industrial Average. The Ultra Dow30 ProShares aims to achieve twice the daily returns of the underlying index before fees and expenses; and the Short Dow30 ProShares aims to achieve the inverse of daily returns on the DJIA. www.djindexes.com.