According to a Dow Jones Indexes announcement, the ETFs to be traded at SWX Swiss Exchange are linked to the performance of the Dow Jones Banks Titans 30, Dow Jones Technology Titans 30 and Dow Jones Healthcare Titans 30 indexes.
The initial ETFs will be offered by Credit Suisse Asset Manager under a Dow Jones Indexes license, the announcement said.
Each Dow Jones Sector Titans includes the 30 largest and most liquid securities for that sector in the world.
The Dow Jones Sector Titans Indexes are a family of 18 indexes that represent companies in the following market sectors:
- Basic Resources
- Cyclical Goods and Services
- Food and Beverage
- Non-Cyclical Goods & Services
- Financial Services
- Health care
- Industrial Goods and Services
The Dow Jones Sector Titans indexes are rules-based, free-float market capitalization weighted, and individual components and weights for each sector index are capped at 10% to prevent dominance by any company.