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BRIC drops Focus (0)
Barnaby Page - 14 Sep 09, 14:26 PM
Dow Jones has dropped Focus Media Holding from its BRIC 50 Index, which tracks a basket of shares in “the 50 largest and most liquid companies” from Brazil, India, Russia and China. Effectively coming in to replace Focus (though officially it’s not an out-and-out substitution of one equity for another) is Baidu, the Chinese leader in online search – a competitor of Sina, which as we’ve recently written may or may not meet an end-of-the-month deadline to take over most of Focus’s out-of-home assets.
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