High-dividend index for Bric markets

Rio de JaneioroS&P Indices has launched an index based on high-dividend yielding companies in Bric markets.

The S&P Bric High Yield Index and risk controlled versions of it are emerging market indices that measure the performance of 40 leading companies in Brazil, Russia, India, and China.

Among other criteria for inclusion, companies in the index must trade on at least one developed market exchange, either the Hong Kong Stock Exchange, London Stock Exchange, NASDAQ or NYSE Euronext.

Alka Banerjee, of S&P Indices, said: “The focus of many Bric investors has shifted to seeking high-yielding stocks while trying to control risk as markets conditions continue to fluctuate.”

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