The Dow Jones Industrial Average (DJIA) is one of the most well-known financial indices and this year is celebrating 125 years as it was created all the way back in 1896.
Following our coverage of the 125th anniversary of the US benchmark which looked at how the index has fared as underlying for structured products over the years , in this article we look at the main characteristics of the index and its appeal as an underlying for structured products. The DJIA was the second index that Charles Dow created, the first being a railroad index (which was later generalised to transportation). At that time, railroads and the industrial sector were considered the two do
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