Dow Jones EPAC Select Dividend Index To Underlie Exchange-traded Fund

Dow Jones Indexes has announced the Dow Jones EPAC Select Dividend Index has been licensed to Barclays Global Investors to serve as the underlying for an exchange-traded fund (ETF). The iShares Dow Jones EPAC Select Dividend Index Fund has been launched on NYSE Arca. This is the first time the Dow Jones EPAC Select Dividend Index has been licensed as the basis for an ETF. Launched in December 2005, the Dow Jones EPAC Select Dividend Index measures the performance of the 100 high dividend paying non-US companies in developed markets. Represented markets currently include Canada, western Europe, Japan, Australia, Singapore and Hong Kong. To be included in the Dow Jones EPAC Select Dividend Index, stocks must have a positive, three-year dividend-per-share growth rate; a dividend payout ratio of less than or equal to 1.5 times the five-year average payout ratio of the Dow Jones country index to which it belongs; and a three-month average daily dollar trading volume of at least US$3m.

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