ETF to underlie Gulf nations index

The GCC Titans 40 Index measures the performance of 40 stocks traded in five of the Gulf Cooperation Council nations.
JUL 14, 2008
By  Bloomberg
Dow Jones Indexes of New York has launched the Dow Jones GCC Titans 40 Index, which measures the performance of 40 stocks traded in five of the Gulf Cooperation Council nations. This marks the first time that a GCC index has been licensed to underlie an exchange traded fund. The index, which is licensed to Van Eck Global of New York, is comprised of stocks traded in Bahrain, Kuwait, Oman, Qatar and United Arab Emirates, and is weighted by float-adjusted market capitalization. Saudi Arabia is also a member of the GCC. Weights of individual stocks included in the index are capped at 8%, with a maximum of 15 companies per country. The GCC is based in Riyadh, Saudi Arabia.

Latest News

RIA moves: True North adds $353M California RIA as SageView grows North Carolina presence
RIA moves: True North adds $353M California RIA as SageView grows North Carolina presence

Plus, a $400 million Commonwealth team departs to launch an independent family-run RIA in the East Bay area.

Top Commonwealth advisor to recruiters: Stop with the cold calls already!
Top Commonwealth advisor to recruiters: Stop with the cold calls already!

“I respectfully request that all recruiters for other BDs discontinue their efforts to contact me," writes Thomas Bartholomew.

Blue Owl Capital, Voya strike private market partnership for retirement plans
Blue Owl Capital, Voya strike private market partnership for retirement plans

The collaboration will focus initially on strategies within collective investment trusts in DC plans, with plans to expand to other retirement-focused private investment solutions.

Why AI notetakers alone can't fix 'broken' advisor meetings
Why AI notetakers alone can't fix 'broken' advisor meetings

Wealth tech veteran Aaron Klein speaks out against the "misery" of client meetings, why advisors' communication skills don't always help, and AI's potential to make bad meetings "100 times better."

Morgan Stanley, Goldman, Wells Fargo to settle Archegos trades lawsuit
Morgan Stanley, Goldman, Wells Fargo to settle Archegos trades lawsuit

The proposed $120 million settlement would close the book on a legal challenge alleging the Wall Street banks failed to disclose crucial conflicts of interest to investors.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.