Ten Emerging Markets Financials Titans

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Emerging market financials have performed very well this year. After remaining resilient during the past year’s credit crisis they showed their strength when the global markets rebounded in the first quarter this year. Valuations of emerging market stocks have stretched after the strong run-up in the past few months. However compared to the developed world, emerging markets are projected to have higher growth in 2010. One of the key sectors that benefits nicely from the economic growth in the emerging markets is the financial sector.

The Dow Jones Emerging Markets Financials Titans 30 Index represents 30 of the largest emerging-market companies in the Financial sector. Constituents in this index are selected based on the rankings by float-adjusted market capitalization, revenue and net profit. As of November 30,3009 the index is up 78.28%. Chinese and Brazilian financials account for about 65% of this index.

The Top 10 components of the index and their current yields are listed below:

1.Company: Itau Unibanco Holding (ITUB)
Current Dividend Yield: 0.38%
Country: Brazil

2.Company: Industrial & Commercial Bank of China Ltd.(OTC: IDCBY)
Current Dividend Yield: 2.92%
Country: China

3. Company: China Construction Bank Corp. (OTC: CICHY)
Current Dividend Yield: 1.43%
Country: China

4. Company: China Life Insurance Co. Ltd. (LFC)
Current Dividend Yield: 0.69%
Country: China

5. Company: Banco Bradesco (BBD)
Current Dividend Yield: 0.47%
Country: Brazil

6. Company: Bank of China Ltd.(OTC: BACHY)
Current Dividend Yield: 3.53%
Country: China

7. Company: Itausa-Investimentos Itau
Current Dividend Yield: N/A
Country: Brazil

8. Company: Housing Development Finance Corp. Ltd. (HDB)
Current Dividend Yield: 0.48%
Country: India

9. Company: Banco do Brasil (OTC: BDORY)
Current Dividend Yield: N/A
Country: Brazil

10. Company: ICICI Bank Ltd.(IBN)
Current Dividend Yield: 1.24%
Country: India

The three Chinese banks listed above trade on the OTC exchanges. Banco Do Brasil started trading earlier this month on the OTC market as well.

DJ STOXX Select Dividend Indices

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For investors looking for dividend stocks, the Dow Jones STOXX Select Dividend Index family offers many high dividend-yielding companies. There are seven indices on regional basis in this list.

 Two factors that are unique to these indices are:

  • Companies are selected on the basis of dividend criteria
  • The weighting of the companies in the indices is purely based on dividends

DJ STOXX Select Dividend Indices:

1.Dow Jones STOXX Global Select Dividend 100

For the full listing of components in this index go here

2.Dow Jones STOXX Americas Select Dividend 40

For the full listing of components in this index go here

3. Dow Jones STOXX Select Dividend 30

For the full listing of components in this index go here

4. Dow Jones STOXX Asia/Pacific Select Dividend 30

For the full listing of components in this index go here

5. Dow Jones EURO STOXX Select Dividend 30

For the full listing of components in this index go here

6. Dow Jones STOXX NORDIC Select Dividend 20

For the full listing of components in this index go here

7. Dow Jones STOXX EU Enlarged Select Dividend 15

For the full listing of components in this index go here

New ADR: Banco Do Brasil

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Banco do Brasil (OTC: BDORY) is the latest Brazilian company to list its ADR shares on the OTC market. The bank is controlled by the Barilian government and operates 15,964 branches in Brazil and foreign countries. BB for short, Banco do Brasil is the largest financial institution in the country with 24.4 million customers with operations in 3100 cities and 22 countries and it serves every segment of the financial market.

The ADR has so far traded between $16.00 and $18.70. The last closing price was $17.00.

Some highlights from the 3Q,2009 earnings report:

  • Loan portfolio reaches surpasses R$ 300 billion and BB surpass 20% of market share
  • Delinquency at BB cool-down
  • Loan portfolio quality remains better than the Banking Industry
  • Operating Efficiency: Expenses under control, Fee income grows again
  • BB earns R$ 2.0 billion in the third quarter of 2009
  • In the first nine months of 2009, net income reached R$ 5,992 million, which corresponds to a ROE of 25.9%, growth of 2.3% in relation to the same prior-year period
  • 40% of net income distributed to the shareholders (Dividend payout ratio)
  • BB consolidates leadership: Total Assets surpass R$ 685.7 billion

For more information, please checkout their Investor Relations site here

The Top 10 Components of the Dow Jones BRIC Brazil 15 Index

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The Dow Jones BRIC Brazil 15 Index represents 15 of the largest and most liquid stocks traded on the Bovespa stock exchange of Brazil.

In US $ terms, the index had an exceptional performance this year. As of November 30th, the index is up nearly 136%. In terms of the Brazilian Real it is up about 77%. Last year this index lost 56%.

The Top 10 Components of the Dow Jones BRIC Brazil 15 Index:

  1. Petroleo Brasileiro (PBR)
  2. Vale S.A. (VALE)
  3. Itau Unibanco Holding S.A. (ITUB)
  4. Banco Bradesco S/A (BBD)
  5. OGX Petroleo e Gas Participacoes S/A
  6. Itausa-Investimentos Itau S/A
  7. Banco do Brasil S/A (OTC: BDORY)
  8. Companhia de Bebidas das Americas  (ABV)
  9. Companhia Siderurgica Nacional (SID)
  10. BM&F Bovespa S/A Bolsa de
  11. Valores Mercadorias e Futu

Banco do Brasil (OTC: BDORY) is controlled by the federal government. It is the oldest bank in Brazil and was founded in 1808. The DR program was started this month. Each ADR represents one common share and trades on the OTC market. Others such as PBR, VALE, BBD, ITUB are some of the hot Brazilian stocks preferred by investors worldwide.