NEW YORK, June 26 /PRNewswire-FirstCall/ -- The Bank of New York ADR Index has been selected by Mirae Asset MAPS Investment Management Company for the launch of its Mirae Asset Maps Equity Investment Trust Fund. The Korean- domiciled Mirae Asset Maps Latin Index Equity Investment Trust Fund will benchmark against The Bank of New York Latin America 35 ADR Index.
Jung-gi Yeo, director and head of the Product Development Division at Mirae Asset MAPS, said, "The Bank of New York has demonstrated its ability to understand and respond to the specific requirements of our sophisticated local investors. We look forward to building a long partnership that incorporates more of the Bank's high quality securities servicing and custody services."
Andrew Gordon, executive vice president and head of the Asia-Pacific Region at The Bank of New York, said, "Through customized support from dedicated professionals across several divisions, The Bank of New York has helped Mirae Asset MAPS provide Korean investors with access to the global markets."
The Bank of New York ADR Index is the only index to track all depositary receipts traded on The New York Stock Exchange (NYSE), The American Stock Exchange (AMEX) and NASDAQ. BNY ADR Indices are capitalization-weighted and adjusted for free-float utilizing Dow Jones' current methodology. In addition to the Composite Index, there are regional, market, sector/industry, country and select indices. Additional information is available at http://www.adrindex.com/.
Mirae Asset MAPS Investment Management Company, an affiliate of Mirae Asset Group based in Republic of Korea, is a leading investment management company that provides various Korea-domiciled trust funds that tap both the Korean market as well as overseas markets. Mirae Asset MAPS Investment Management Company strives to be one of Asia's leading asset managers by providing financial products for mid to long-term investments for stable and sustainable profits in advanced capital markets as well as touching bases in exotic markets. More information about the company and the group is available at http://www.miraeasset.com/.
The Bank of New York has been conducting business in the Asia-Pacific region for over 50 years. The Company has 18 offices in 12 countries in the region.
The Bank of New York Company, Inc. is a global leader in providing a comprehensive array of services that enable institutions and individuals to move and manage their financial assets in more than 100 markets worldwide. The Company has a long tradition of collaborating with clients to deliver innovative solutions through its core competencies: securities servicing, treasury management, asset management, and wealth management. The Company's extensive global client base includes a broad range of leading financial institutions, corporations, government entities, endowments and foundations. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has consistently played a prominent role in the evolution of financial markets worldwide. Additional information is available at http://www.bankofny.com/.
The Bank of New York provides no advice nor recommendation or endorsement with respect to any company or security. Nothing herein shall be deemed to constitute an offer or solicitation of an offer to buy or sell securities.
The Bank of New York Company, Inc.
CONTACT: Dori Flanagan of The Bank of New York Company, Inc.,
+1-212-815-2291
Web site: http://www.bankofny.com/
http://www.adrindex.com/
http://www.miraeasset.com/
