JPMorgan Chase debuts ADRs

JPMorgan Chase & Co. has launched 12 indexes comprising exchange-listed American Depositary Receipts and Global Depositary Receipts. The New York-based financial services company said that the indexes cover a variety of regions, sectors and composites, which are designed to provide retail and institutional investors with new investable benchmarks for global equity performance. The six regional indices include a Brazil, Russia, India, China 50, Korea, Taiwan, India 25 and Latin America 30. The three sector indexes include Oil, Gas, and Mining 25; Technology, Media, Telecom; and Financial 25. The three composite indexes are made up of a Composite index, an Emerging Markets Composite Index and a Global Depositary Receipt Composite index. Companies added to an index have to meet specific minimum criteria for market cap, average trading volumes and minimum price. New York-based Standard & Poor's provides the real-time daily calculation for these custom indexes.