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First ETFs Tracking Dow Jones Global Sector Indexes Introduced

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Dow Jones Indexes said Credit Suisse Asset Management has licensed some of its global Sector Titans indexes for ETFs to be launched later this week. The new ETFs will be tied to the Dow Jones Banks Titans 30, the Dow Jones Technology Titans 30, and the Dow Jones Healthcare Titans 30 indexes. The three new ETFs will be listed for trading at the SWX Swiss Exchange on October 24.

"As some sectors, especially banks, technology and healthcare, become more global and consolidated it is important to offer the largest and most liquid sector leaders," said Michael Petronella, managing director of Dow Jones Indexes, in a statement. "The components of the Dow Jones Sector Titans Indexes are also among the most actively traded stocks in the market."

The Dow Jones Sector Titans indexes are a family of 18 benchmarks that cover global sectors. Each Dow Jones Sector Titans includes the 30 largest and most liquid securities for that sector in the world.