Banks and properties dominate DJ Cyprus Titans 10

Banks and companies with heavy exposure to the properties sector dominate the recently launched Dow Jones Cyprus Titans 10 Index, a blue-chip index representing the 10 largest and most liquid stocks traded on the Cyprus Stock Exchange launched by Dow Jones Indexes, a leading global index provider.

The ten companies included in the index are, Bank of Cyprus, Marfin Popular Bank, Hellenic Bank, Demetra Investments (Equity & Property), Pandora Investments (Property), Cyprus Trading Corporation (Retail, Property), Cyprus Cement (Cement, Property), SFS Group (Financial, Shipping, Property & Investments), Louis (Cruise and Hotels) and Logicom (IT Distribution).

The Dow Jones Cyprus Titans 10 is designed to serve as an underlying for investment products such as structured products, mutual funds, exchange-traded funds and other financial products that enable investors to participate in the performance of the Cyprus stock market. Investors identified Cyprus as a thriving and dynamic market among emerging European markets. The country, which will adopt the Euro on January 1, 2008, is expected to show the potential to maintain high growth rates for the coming years.

The Dow Jones Cyprus Titans 10 index further complements the Dow Jones Country Titans index series, which include now 20 indexes. This expansion reflects the growing interest in the Emerging financial markets and investors’ growing need for diversification.

The Dow Jones Cyprus Titans 10 Index is reviewed annually in March and follows Dow Jones Country Titans methodology. Stocks are selected according to their float-adjusted market capitalization and average trading volume. Daily historical index values are available back to December 31, 2006.

The Dow Jones Cyprus Titans 10 Index has already been licensed to ABN Amro as underlying for an open end index certificate.