Press Releases 2003
Press Releases 2002
Press Releases 2001
Press Releases 2000
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Press Releases 2003 |
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Dow Jones - AIG Commodity Index
NEW YORK, Dec. 7, 2004— Dow Jones Indexes has issued a reminder that new weightings for commodity futures in the Dow Jones - AIG Commodity Index SM will become effective in early January 2005. The new weights, which were determined, approved, and previously announced by the Dow Jones - AIG Commodity Index Oversight Committee in July 2004, are: Natural Gas 12.282992% Crude Oil 12.810567% Unleaded Gas 4.051497% Heating Oil 3.854944% Live Cattle 6.152719% Lean Hogs 4.388980% Wheat 4.869456% Corn 5.937836% Soybeans 7.595688% Soybean Oil 2.665386% Aluminum 7.055306% Copper 5.887357% Zinc 2.673422% Nickel 2.606530% Gold 5.978087% Silver 2.000000% Sugar 2.933043% Cotton 3.231786% Coffee 3.024406%These weights were based on a combination of average global production and average trading volume of designated futures contracts (both over the most recent five-year period for which production and volume data were available). Cocoa is being dropped from the Dow Jones - AIG Commodity Index. Its current weight, approximately 2% of the Index, will be phased out of the DJ -AIGCI during the five-day “roll period” in early January. The “roll period” allows for the orderly transition out of expiring futures contracts each month. These weights will be used to determine the Dow Jones - AIG Commodity Index Multipliers for 2005 on Jan. 6. These Multipliers, computed once a year, are factors used to express the percentage weights in U.S. dollar-denominated terms when calculating the index. The Dow Jones - AIG Commodity Index is designed to be a highly liquid and diversified benchmark for commodities investments. The Index value is published daily in The Wall Street Journal. A futures contract on the Index is traded at the Chicago Board of Trade and on the Chicago Mercantile Exchange. ### Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes/STOXX Ltd. public relations group: New York Frankfurt: About Dow Jones Indexes Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information. In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.
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Dow Jones Wilshire U.S. Style Indexes to Roll Out in Early 2005
Indexes Deliver Style Purity and Transparent Methodology
NEW YORK, Dec. 7, 2004—Dow Jones Indexes, a leading global-index provider, and Wilshire Associates Incorporated, the world’s leading investment consulting, investment management and investment technology firm, today announced the early 2005 rollout of the Dow Jones Wilshire U.S. Style index benchmarks. The new index series will cover five investment “styles” -- large-capitalization growth, large-cap value, small-cap growth, small-cap value and micro-caps – reflecting the make-up of the Dow Jones Wilshire 5000 index. “The new Dow Jones Wilshire Style Indexes will deliver style purity through coverage of the entire U.S. equity market,” said John A. Prestbo, Editor of Dow Jones Indexes. “With its transparent methodology, which, among other things, minimizes component turnover in the indexes, these new benchmarks will spotlight growth and value trends in the market. Where growth and value factors appear to be less important than size, the micro-cap segment rounds out the full-market coverage,” he noted. ”With the introduction of the new Dow Jones Wilshire Style Indexes, financial professionals will now have comprehensive benchmarks for not only the broad U.S. market but also for the U.S. market segments that matter to them most -- growth and value,” said Dennis Tito, founder, Chairman and Chief Executive Officer of Wilshire Associates. “The inclusion of micro-caps as a fifth style allows for the entire economic space to be represented as a style universe with no artificial cut-offs of the market. The purity of the indexes makes them well suited as benchmarks and as the basis for investment products.” The style indexes are part of the Dow Jones Wilshire index family that now includes a comprehensive set of U.S. indexes (broad-market, sector, size and style) and is planned to include a global composite. The unique advantage of Dow Jones Wilshire indexes is their breadth, but the benchmark appropriate family also provides consistent global coverage with an objective and transparent set of measures. The Dow Jones Wilshire style indexes are broad enough to include all stocks for attribution analysis with a methodology that is among the most sophisticated being used by index providers. Six factors are used for style classification -- some index providers use as few as one or two factors – and Dow Jones Wilshire classifies each stock as wholly either growth or value to eliminate overlap that can allow for undesirable “style drift” in stock portfolios. The six equally weighted factors that are used to classify growth and value are:
The Dow Jones Wilshire Indexes are available on market data vendor platforms, many in real-time format, and on the Dow Jones Indexes (www.djindexes.com) and Wilshire Associates (www.wilshire.com) Web sites. Dow Jones Indexes also distribute data related to the Dow Jones Wilshire Indexes to data vedors and other users. For further information, please email to pr-indexes@dowjones.com
or contact a member of the Dow Jones Indexes public relations group:
To contact Wilshire Associates public relations, please email kim.shepherd@wilshire.com
or call:
About Dow Jones Indexes Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information. In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC Universal of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S. About Wilshire Associates Wilshire Associates is a leading global investment technology, investment management and investment consulting firm with four business units including Wilshire Analytics, Wilshire Consulting, Wilshire Funds Management and Wilshire Private Markets. The firm was founded in 1972 revolutionizing the industry by pioneering the application of investment analytics and research for the institutional marketplace. Wilshire also is credited with helping to develop the field of quantitative investment analysis that uses mathematical tools to analyze market risks. All other business units evolved from Wilshire’s strong analytics foundation. Wilshire developed the index now known as the Dow Jones Wilshire 5000 Composite Index, the first asset/liability models for pension funds, the first U.S. equity style metrics work and many other “firsts” as the firm grew to more than 300 employees serving the investment needs of institutional and high net worth clients around the world. Based in Santa Monica, CA, Wilshire provides services to clients in more than 20 countries representing in excess of 600 organizations with assets totaling more than $12.5 trillion. With eight offices on four continents, Wilshire Associates and its affiliates are dedicated to providing clients with the highest quality counsel, products and services. For more information go to www.wilshire.com. |
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Component Changes Made to the Dow Jones Select Dividend Index
Changes Are Result of an Annual Review and Modified Methodology
NEW YORK (Dec. 2, 2004)—Dow Jones Indexes today announced changes in the composition of the Dow Jones Select Dividend Index. The changes will be effective with the opening of trading on December 20, 2004. With this regular annual review, Dow Jones Indexes is implementing the methodology modifications that were announced on November 10, 2004. The modifications are to broaden the number of components to 100 stocks from 50 currently and to strengthen the liquidity test to a three-month average trading volume of 200,000 shares a day, compared to the previous requirement of $1.5 million average daily dollar volume. The reconstituted Dow Jones Select Dividend Index is more diverse by industry and stock size than the current version, as well as more liquid. The dividend yield of the enlarged Dow Jones Select Dividend Index is 3.43% as of November 30, 2004. On that same date, the 50-stock version had a yield of 3.61%. The following 51 components will be added to the Dow Jones Select Dividend Index:
Only one current component will be deleted from the Dow Jones Select Dividend Index. Whitney Holding Corp. (Financial; indicated annual dividend: $1.40; dividend yield: 3.03%) did not pass the liquidity threshold. The Dow Jones Select Dividend Index was introduced about one year ago. It measures the performance of dividend-paying stocks selected for their high yields, their track records of maintaining or increasing dividends over the past five years, and their capability of sustaining their current payouts in the coming year. The index weighs component stocks by the ratios of their individual payouts to the total distribution for all components. Further information as well as the complete component list and methodology of the Dow Jones Select Dividend Index can be found on the Dow Jones Indexes' web site http://www.djindexes.com. ### Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes/STOXX Ltd. public relations group: New York Frankfurt: About Dow Jones Indexes Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information. In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S. |
Dow Jones Indexes Announces Launch of Dow Jones Brazil Titans 20 ADR Index
NEW YORK (Nov. 29, 2004)—Dow Jones Indexes, a leading global index provider, today announced the launch of the Dow Jones Brazil Titans 20 ADR Index. It will be based on the ADR prices of the 20 largest and most liquid Brazilian stocks traded at the New York Stock Exchange, American Stock Exchange or Nasdaq. The Dow Jones Brazil Titans 20 ADR Index will be licensed to Bolsa de Mercadorias & Futuros—a leading Brazilian Exchange— to be used as underlying for futures contracts. The Dow Jones Brazil Titans 20 ADR index was created so it could be used as an underlying for index-linked products, exchange-traded funds and derivatives because of the growing interest for investment tools that track the Brazilian market. The Dow Jones Brazil Titans 20 ADR Index is comprised of the top 20 ADR-listed Brazilian companies based on free-float market capitalization. The selection takes into account size as well as liquidity. Single-component weightings are capped so that no company is more the 25% of the index, and that the weight of the five largest companies is no more than 50% of the total index to prevent dominance of any individual company. The Dow Jones Brazil Titans 20 ADR Index is part of the Dow Jones Country Titans series which includes indexes that cover the following countries: Australia, Canada, France, Germany, Hong Kong, Italy, Japan, the Netherlands, Russia, South Africa, Spain, Switzerland, Turkey and the United Kingdom. The indexes are distributed on a real-time basis through major market-data vendors. Historical data on the Dow Jones Brazil Titans 20 ADR index will be available back to Dec. 31, 2000, with a base value of 10,000. The methodology, as well as a full list of components including weightings and values of the Dow Jones Brazil Titans 20 ADR Index, is available at www.djindexes.com. ### Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes/STOXX Ltd. public relations group: New York Frankfurt: About Dow Jones Indexes Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information. In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S. |
Component Changes Made to Dow Jones' Australian, Asian, U.S. Indexes
In the Dow Jones Australia Titans 30 News Corporation will be replaced by Bluescope Steel Ltd. ( Australia ). In the Dow Jones Asia Titans 50 News Corporation will be replaced by Wesfarmers Ltd. ( Australia ). In the Dow Jones Asia Titans ex Japan News Corporation will be replaced by Westfield Group ( Australia ). News Corporation will be deleted from the Dow Jones Australia Total Market Index and its sector indexes and will be added to the Dow Jones U.S. Total Market Index and the Dow Jones U.S. Broadcasting Index. The changes in the indexes will be effective at the close of trade on Wednesday, November 3, 2004 . Later this month, Dow Jones Indexes will determine if News Corporation will be added to the Dow Jones Wilshire 5000 Composite index. In order to be added to the index News Corporation needs to trade on a primary U.S. exchange by the close of business on November 17, 2004 with all SEC filings available. Further information on the indexes can be found on the Dow Jones Indexes' web site http://www.djindexes.com. Company additions to and deletions from the Dow Jones Australia Titans 30; Dow Jones Asia Titans 50; Dow Jones Asia Titans ex Japan; Dow Jones Australia Total Market Index, Dow Jones U.S. Total Market Index and its respective sector indexes; Dow Jones Wilshire Indexes do not in any way reflect an opinion on the investment merits of the company. Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes/STOXX Ltd. public relations group: New York Frankfurt: About Dow Jones Indexes Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information. In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S. |
Component Change Made to Dow Jones Sector Titans Telecommunications Index
AT&T Wireless Services Inc. (US) will be deleted from the Dow Jones Sector Titans Telecommunications index and replaced by mmO2 PLC ( Great Britain ). AT&T Wireless Services Inc. is being deleted because of its acquisition by Cingular Wireless LLC (US). The changes in the Dow Jones Sector Titans Telecommunications index will be effective at the start of trading Wednesday, October 27, 2004. Further information as well as the complete component list of the Dow Jones Sector Titans 30 Indexes can be found on the Dow Jones Indexes' web site http://www.djindexes.com. Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes/STOXX Ltd. public relations group: New York Frankfurt: About Dow Jones Indexes Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information. In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S. |
DOW JONES GLOBAL TITANS 50 SURVEY FINDS THAT GROWTH
WILL COME FROM CHINA, NOT M&A, DURING NEXT FIVE YEARS
More than one-third of the companies surveyed predicted growth in China will have the biggest positive impact on their business during the next five years. By a 2-to-1 margin, survey respondents see aging populations and skilled labor shortages as bigger obstacles to growth than terrorism or growth in China. Seventy-four percent also see stock ownership by international shareholders increasing during the next five years. Biotech, data mining and wireless ware are seen as the most critical technologies for the companies in the next five years. The survey was completed in August 2004 and explored the opportunities, challenges and business trends these leading global blue-chip companies will face in the five years ahead. The Dow Jones Global Titans 50 is a transparent, highly investable index built on a rules-based methodology composed of the most actively traded global stocks. The index is licensed to more than 32 financial institutions globally. More than $5 billion in assets is linked to the index among about 20 publicly traded funds. Some questions addressed in the survey were: Where do members of the Dow Jones Global Titans 50 see their business coming from over the next five years? What markets? What will define value? What technologies will drive innovation? The Dow Jones Global Titans 50 Index serves as a benchmark to track the performance of 50 of the largest multinational corporations as an overall asset class. Five years ago, Dow Jones Indexes recognized that the companies serving the world's consumers shared more in common with their multinational peers than their domestic counterparts. The index was created to reflect this growing trend toward global investing. For complete survey results, as well as for further information on perimeters used to compose the survey please contact the Dow Jones Indexes/STOXX Ltd. public relations group. Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes/STOXX Ltd. public relations group: New York Frankfurt: About Dow Jones Indexes Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information. In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S. |
DOW JONES INDEXES TO LAUNCH ISLAMIC MARKET INDEX FOR TURKEY
ISTANBUL, TURKEY, September 28, 2004—Dow Jones Indexes, a leading global index provider, today launched the Dow Jones Islamic Market Turkey Index at the International Islamic Finance Forum in Istanbul. The Dow Jones Islamic Market Turkey Index was created for investors who wish to invest according to Islamic investment guidelines. The index is part of the Dow Jones Islamic Market index series and tracks stocks from Turkey providing Islamic investors with comprehensive tools based on the performance of the Turkish market. "Turkey represents a well-developed corporate landscape among emerging countries—especially with Islamic investors, who consider Turkey an interesting market," said Lars Hamich, managing director of STOXX Ltd., the joint venture that is responsible for Dow Jones Indexes business development in Europe, Asia, and the Middle East. "Dow Jones Indexes created the Dow Jones Islamic Market Turkey Index to provide investment professionals with a tool to strategize their investments according to their needs and principles. We also expect increased interest from market participants in other countries with a large clientele for Islamic investing." The Dow Jones Islamic Market Turkey Index follows a rules-based index methodology consistent with the Dow Jones Islamic Market Index family. The current 17-component index includes all stocks in the Dow Jones Emerging Europe Index that are traded on the Istanbul stock exchange and fulfill the requirements of the Dow Jones Islamic Market Indexes. Excluded from the index are stocks that represent the following lines of business: alcohol, tobacco, pork-related products, financial services, defense/weapons, and entertainment. Also excluded are companies whose total debt dividend by trailing 12-month average market capitalization is greater than or equal to 33% or more those whose cash plus interest bearing securities divided by trailing 12-month average market capitalization is greater than or equal to 33%. Additionally, companies whose accounts receivables divided by total assets is greater than or equal to 45% or more are excluded from the Dow Jones Islamic Market Turkey Index. The Dow Jones Islamic Market Turkey Index is calculated in the local currency Turkish Lira. Companies included in the Dow Jones Islamic Market Turkey Index are selected according to float-adjusted market capitalization. The indexes' free-float market capitalization is 6,341,479 billion Turkish Lira ($4.20 billion) as of Sept. 13, 2004. End-of-day index values are available through the major data vendors. The base value of the Dow Jones Islamic Market Turkey Index is 1,000 as of Dec. 31, 2002. The index is reviewed quarterly in March, June, September and December. The Dow Jones Islamic Market Turkey Index is the newest addition to the already existing Dow Jones Islamic Market country indexes such as the Dow Jones Islamic Market Japan Index, Dow Jones Islamic Market UK Index, Dow Jones Islamic Market Canada Index, Dow Jones Islamic Market Malaysia Index and the Dow Jones Islamic Market US Titans 50 Index. Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes public relations group: New York Frankfurt: Note to editors: In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC Universal of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S. |
| DOW JONES CHINA INDEXES Dow Jones Indexes Changes China Indexes Components
BEIJING, September 23, 2004—Dow Jones Indexes today announced the results of the third regular quarterly review in 2004 for Dow Jones China Indexes (Dow-China Indexes). The component changes in the Dow Jones China 88 (Dow-China 88), Dow Jones China Total Market (Dow-China Total Market), Dow Jones Shanghai (Dow-Shanghai) and Dow Jones Shenzhen (Dow-Shenzhen) Index will be effective on October 8, 2004. Following the adjustment, eight components have been deleted and an additional eight components have been added to the Dow-China 88, which tracks the largest and most liquid 88 stocks in China’s Class-A market and reflects roughly 33.83% of the total float market capitalization of both the Shanghai and Shenzhen markets. The number of Shanghai-listed stocks in the Dow-China 88 remains to be 57 components, while the number of Shenzhen-listed stocks remains to be 31 components. In terms of the market capitalization, Shanghai-listed stocks now represent 70.38% of the Dow-China 88, compared to 29.62% for Shenzhen-listed components. Meanwhile, the first quarterly review of the Dow Jones CBN China 600 Index was implemented, which was launched on September 6, 2004. As a result of this regular review four components have been deleted and an additional four components have been added to the DJ-CBN 600 Index, which reflects roughly 80% of China’s total float market capitalization. The component changes of the DJ-CBN 600 Index will be effective on October 8, 2004. Also on October 8, the components of the Dow-China Total Market will increase to 1116 from 1082, with 1051 A-shares and 65 B-shares. The number of components in the Dow-Shanghai Index will increase to 686 from 664, with 26 additions and four deletions, while the number of components in the Dow-Shenzhen index will increase to 430 from 418, with 19 additions and seven deletions. The Dow-Shanghai and the Dow-Shenzhen each represents roughly 95 percent of the market capitalization of their given markets, the Shanghai market and Shenzhen market. The Dow-China Total Market Index reflects roughly 95 percent of the market capitalization for both the Shanghai and Shenzhen markets. Aimed at providing investors in China and around the world with an accurate tool for tracking equity performance in China’s growing stock markets, the Dow-China Indexes are constructed with the same strict standards used to develop the Dow Jones Global Indexes. Float-adjusted shares, which exclude all state-owned shares and unlisted employee shares, are used for stock selection and index calculation, in order to provide an accurate representation of the shares that are actually available to investors for trading. In calculating free-float for selection of component stocks, the Dow Jones Indexes exclude block holdings of individuals, other companies or governments that exceed 5% of total market value. Dow Jones China Index component lists and weightings are available at http://chinaindex.dowjones.com. The Dow-China Indexes were launched May 27, 1996. Dow Jones & Company, a world-wide provider of business information, launched the Dow-China Indexes to commemorate the 100th anniversary of the world’s most widely reported market indicator, the Dow Jones Industrial Average, which was launched in 1896. All four indexes in the Dow-China Index series have a base value of 100 on Dec. 31, 1993. Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes/STOXX public relations group: New York Frankfurt: Note to editors: About Dow Jones & Company |
DOW JONES HEDGE FUND INDEXES ANNOUNCES CHANGE IN THE DOW JONES HEDGE FUND STRATEGY MERGER ARBITRAGE BENCHMARK
NEW YORK, September 20, 2004—Dow Jones Hedge Fund Indexes (DJHFI) today announced a component change in the Dow Jones Hedge Fund Merger Arbitrage Strategy Benchmark. Effective with the opening of trading today, Mangan & McColl was removed as a component of the Dow Jones Hedge Fund Merger Arbitrage Strategy Benchmark. It isn’t being replaced immediately, leaving the Merger Arbitrage strategy with eight managers as components. Mangan & McColl will continue to be a component of the Dow Jones Hedge Fund Event Driven Strategy Benchmark. The change being announced today is a result of a quarterly review of the Benchmarks by the Dow Jones Indexes Hedge Fund Strategy Benchmark Advisory Committee (DJHFSB). The members of the DJHFSB Committee oversee, and are responsible for, the processes used for the on-going maintenance of the Benchmarks. The committee reviews the Benchmark components with respect to consistency in style, performance – absolute and relative to peers -- and satisfactory on/off site due-diligence meetings with the managers. The Dow Jones Hedge Fund Strategy Benchmarks measure individual hedge fund strategies. The five existing strategies are Equity Market Neutral, Convertible Arbitrage, Distressed Securities, Merger Arbitrage and Event Driven. Beginning in early October, DJHFI will begin publishing the Dow Jones Hedge Fund Equity Long/Short (U.S.) Strategy Benchmark, which complements the already-existing five strategies. DJHFI provides style-pure, hedge fund strategy indexes that exhibit highly correlated component returns. The methodologies and components underlying the Dow Jones Hedge Fund Strategy Benchmarks are available on the Dow Jones Indexes Web site at www.djindexes.com. Dow Jones Indexes Hedge Fund Strategy Benchmark Advisory Committee Members
Company additions to and deletions from the Dow Jones Hedge Fund Strategy Benchmarks do not in any way reflect an opinion on the investment merits of the company. Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes public relations group: New York Frankfurt: Note to editors:
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| DOW JONES TURKEY TITANS 20 TO SERVE AS BASIS OF EXCHANGE-TRADED FUND Finans Portfoy To Launch first ETF linked to Index
NEW YORK, September 20, 2004—Dow Jones Indexes, a leading global index provider, has licensed the Dow Jones Turkey Titans 20 Index to Finans Portfoy AS —one of the leading asset management companies in Turkey and an affiliate of Finansbank— to be used as the underlying benchmark index for an exchange-traded fund (ETF). The Dow Jones Istanbul 20 ETF is expected to be listed for trading on the Istanbul Stock Exchange within two months. "Now, for the first time, investors will be able to participate in the performance of the Turkish stock market by investing in the Dow Jones Istanbul 20 ETF," said Lars Hamich, managing director of STOXX Ltd., the joint venture responsible for Dow Jones Indexes’ business development in Europe, Asia and the Middle East. "The Dow Jones Titans index series was created to meet market demand for efficient tools that could be used as the underlying benchmark for investment products. Due to its rules-based methodology and data transparency, the Dow Jones Turkey Titans 20 Index is an ideal proxy for the Turkish market." "Finans Portfoy aims to deliver a world-class product for the Turkish and foreign investment community. The licensing agreement with Dow Jones Indexes plays a pivotal role in this project," said Dr. Omer Aras, executive board member of Finansbank. He added: "The American Stock Exchange provided us with the know-how for Dow Jones Istanbul 20 ETF while the Capital Markets Board of Turkey, the Istanbul Stock Exchange and Takasbank played crucial roles to create the legal, trading and operational infrastructure for ETFs in Turkey. We believe our Dow Jones Istanbul 20 ETF will help the retail and institutional investors to develop additional tools to invest in a rapidly developing market, which is on its way to becoming a member of European Union. " This new Dow Jones Istanbul 20 ETF will be the first exchange-listed product linked to the Dow Jones Turkey Titans 20 Index, and the first ETF in Turkey. The Dow Jones Turkey Titans 20 index was launched Aug. 3, 2004. The 20 stocks selected for the Dow Jones Turkey Titans 20 are the largest and most liquid securities in the Turkish market. The Dow Jones Turkey Titans 20 index is free-float market capitalization weighted with individual component weights capped at 10% to prevent dominance by any individual company. Its free-float market capitalization amounts to $14 billion as of Sept. 16, 2004. The Dow Jones Turkey Titans 20 is part of the Dow Jones Titans series of indexes. The series comprises the Dow Jones Global Titans 50; Dow Jones Sector Titans 30, with 18 global sector indexes; Dow Jones Asian Titans 50; 14 Dow Jones Country Titans indexes; Dow Jones Tiger Titans 50; and the Dow Jones Islamic Titans 100. The indexes are distributed on a real-time basis through major market data vendors. Historical data on the Dow Jones Turkey Titans 20 index will be available back to Dec. 31, 2002, with a base value of 100. The full list of components, including weightings and values of the Dow Jones Turkey Titans 20 Index, is available on www.djindexes.com. Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com contact a member of the Dow Jones Indexes public relations group or DIFC media relations: Dow Jones Indexes Frankfurt: Finans Portfoy Note to editors:
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DOW JONES INDEXES HIRES NEW GLOBAL PUBLIC RELATIONS ASSOCIATES
NEW YORK, September 16, 2004—Dow Jones Indexes, a leading global index provider, today announced the hiring of three associates to its global public relations team. Nicole Wesch takes over the public relations specialist position formerly held by Stephanie Schleidt. Based in Frankfurt, Ms. Wesch, who brings to the position more than four years of experience in financial-market communications, is responsible for providing information to the media on the Dow Jones and Dow Jones STOXX family of indexes. In addition, she will work with the regional business development team to expand market awareness of the Dow Jones and Dow Jones STOXX benchmark and blue-chip indexes. Ms. Wesch joins Dow Jones Indexes from Credit Suisse Asset Management, also based in Frankfurt, where she served as manager of public relations and internal communications. At Dow Jones Indexes, she will assist media in Germany, Great Britain, the Netherlands and some Eastern European countries, as well as Russia and Turkey. Andra Noeding and Rebecca Patterson also joined the public relations team recently in Frankfurt and New York, respectively, and will be responsible for media observation and research in the European, Middle East, Asian and U.S. markets. Dow Jones Indexes also represents STOXX Limited's PR activities. STOXX Ltd. is a joint venture of Deutsche Börse AG, Dow Jones & Company, and SWX Swiss Exchange. "As our business grows globally, we recognize the importance of responding to the needs of the media market," said Sybille Reitz, global director of Public Relations, Dow Jones Indexes. "By having representatives on the ground who are familiar with local business culture and language, and are available no matter the country, time zone or language, we can accomplish this." Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes/STOXX public relations group: New York Frankfurt: Note to editors:
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| DOW JONES INDEXES TO LAUNCH NEW DOW JONES HEDGE FUND STRATEGY BENCHMARK Addition of New Benchmark Brings Total to Six Hedge Fund Strategies Published
NEW YORK, September 15, 2004—Dow Jones Indexes, a leading global index provider, today announced that it will expand its indexes offered by Dow Jones Hedge Fund Indexes, Inc. (DJHFI). Beginning in early October, DJHFI will begin publishing the Dow Jones Hedge Fund Strategy Benchmark Equity Long/Short (U.S.), which complements the already-existing five strategies. "The equity long-short strategy uses techniques such as short selling and derivatives, which aren't available to traditional equity-based investment portfolios in pursuit of supplemental sources of return," said Ridgely Walters, president of DJHFI. "We think the Dow Jones Hedge Fund Strategy Equity Long/Short Benchmark will be a strong addition to our existing five strategies." The Dow Jones Hedge Fund Strategy Benchmarks measure individual hedge fund strategies. The five existing strategies are Equity Market Neutral, Convertible Arbitrage, Distressed Securities, Merger Arbitrage and Event Driven. DJHFI provides style-pure, hedge fund strategy indexes that exhibit highly correlated component returns. The methodologies and components underlying the Dow Jones Hedge Fund Strategy Benchmarks are available on the Dow Jones Indexes Web site at www.djindexes.com DJHFI has established an index advisory committee to ensure that the Dow Jones Hedge Fund Strategy Benchmarks remain methodologically sound and objectively maintained. The advisory committee has eight members, including representation from DJHFI, Dow Jones Indexes and seven representatives comprised of professionals affiliated with major institutions and pension plans responsible for pursuing investments in alternative assets. Dow Jones Indexes Hedge Fund Strategy Benchmark Advisory Committee Members:
Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes/STOXX public relations group: New York Frankfurt: Note to editors:
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COMPONENT CHANGE MADE TO DOW JONES ITALY TITANS 30
NEW YORK, September 10, 2004—Dow Jones Indexes today announced component changes in the Dow Jones Italy Titans 30. Effective before the open of trade on Monday, September 20, Banca Popolare di Milano S.C.A.R.L will replace Tiscali S.p.A. in the Dow Jones Italy Titans 30 Index. Tiscali S.p.A is to be deleted due to the "Early Removal Rule". The rule is applied when a Titans component is not among the 60 largest companies in the Dow Jones Global Indexes country index when ranked by free-float market capitalization at the conclusion of a regular quarterly review. Normally, changes are made to the Dow Jones Italy Titans 30 annually in March. Among the reasons for extraordinary changes is the "Early Removal Rule". The detailed methodology for each index is published in the indexes' rulebooks accessible on the Dow Jones Indexes web site at http://www.djindexes.com Disclaimer: Company additions to and deletions from the Dow Jones Italy Titans 30 do not in any way reflect an opinion on the investment merits of the company. Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes public relations group: New York Frankfurt: Note to editors:
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