Licensing Agreement Between BNP and Dow Jones
BNP Paribas Asset Management (AM) has signed a licensing agreement with Dow Jones Indexes and STOXX to issue financial products on the Dow Jones STOXX Asia/Pacific 600 ex Japan, the Dow Jones South Korea Titans 30, the Dow Jones CASE Egypt Titans 20 and the Dow Jones Turkey Titans 20 Indexes. All indexes will serve as underlying for exchange-traded funds (ETFs) and will start trading today at Euronext, Paris. “BNP Paribas is expanding the EasyETF range in terms of thematic and geographical allocations. We chose the Dow Jones Country Titans indexes for South Korea, Turkey and Egypt as underlying as they give easy access to these thriving markets through major blue-chip stocks. In addition, the Dow Jones STOXX Asia/Pacific 600 ex Japan index covers the main developed countries of this strongly evolving region and is therefore an ideal completion to the existing EasyETF range representing Asian developed and emerging markets,” says Danièle Tohme Adet, head of business development, ETF and Indexed Funds, BNP Paribas AM.