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Aug. 1, 2013 /PRNewswire/ --
S&P Dow Jones Indices announced today the launch of the S&P Brazil Dividend Indices (the "Indices") which seek to track the performance of dividend paying securities focused on the Brazilian market – considered one of the fastest-growing emerging markets in terms of gross domestic product. The Indices have been licensed to BB DTVM, Banco do Brasil Asset Management, for the creation of index-linked products.
"The concept of dividends in emerging markets has been growing in popularity in recent years as growth in those markets has slowed," says
Vinit Srivastava, director of strategy indices at S&P Dow Jones Indices. "Over the past 15 years, dividends have increasingly contributed to
Brazil's broad market returns as measured by the S&P Brazil Broad Market Indices (BMI), accounting for over a quarter of the market's total returns during that period. The S&P Brazil Dividend Indices are some of the first dividend-focused indices in the Brazilian market that specifically look at stocks' dividends as a way to capture growth and maximize yield."
The S&P Global BMI serves as the primary universe of the S&P Brazil Dividend Indices. The Index family is comprised of three indices:
The S&P Dividend Aristocrats Brasil Index tracks the performance of the 30 S&P Brazil BMI constituents that have consistently increased or maintained stable dividends every year for at least three years.
The S&P Brazil Dividend Opportunities Index measures the performance of 40 of the highest yielding constituents of the S&P Brazil BMI that meet size, liquidity and profitability criteria.
The S&P Brazil Dividend Opportunities SmallMidCap Index is designed to measure the performance of 25 of the highest yielding small cap and mid cap constituents of the S&P Brazil BMI that meet size, liquidity and profitability criteria.
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SOURCE S&P Dow Jones Indices