| 11 Mar 2010 |
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Dow Jones Islamic Market Indexes Index Review Results: 1st Quarter 2010
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NEW YORK (March 11, 2010) - Dow Jones Indexes, a leading global index provider, today announced the results of the regular quarterly review of the Dow Jones Islamic Market Indexes. All changes will be effective after the close of trading on Friday, March 19, 2010.
In the Dow Jones Islamic Market World Index, 121 components will be added while 47 components will be deleted. That increases the number of components in the index to 2,417 from 2,343.
In the Dow Jones Islamic Market Asia/Pacific Index, with 68 additions and 23 deletions, the number of components in the index will increase to 1,092 from 1,047. In the Dow Jones Islamic Market Europe Index, 18 components will be added, while six components will be deleted. That increases the number of components in the index to 395 from 383. In the Dow Jones Islamic Market Americas Index, the number of components will increase to 784 from 775, with 22 additions and 13 deletions. In the Dow Jones Islamic Market MENA Index, 20 components will be added, while eight components will be deleted. That increases the number of components in the index to 163 from 151.
In the Dow Jones Islamic Market BRIC Equal Weighted Index, 23 components will be added, while two components will be deleted. That increases the number of components in the index to 81 from 60.
In the Dow Jones Islamic Market China Offshore Index, six components will be added and one component will be deleted. That increases the number of components in the index to 25 from 20. In the Dow Jones Islamic Market Hong Kong Index, with 17 additions and four deletions, the number of components will increase to 103 from 90. In the Dow Jones Islamic Market India Index, one component will be added and one component will be deleted. The number of components in the index will remain at 178. In the Dow Jones Islamic Market Turkey Index, three components will be added and no component will be deleted. The number of components in the index increases to 30 from 27.
The total free-float market capitalization of the reconstituted Dow Jones Islamic Market World Index increased to US$12.05 trillion from US$12.01 trillion.
The total free-float market capitalization of the reconstituted Dow Jones Islamic Market Asia/Pacific Index increased to US$2.32 trillion from US$2.31 trillion, while the total free-float market capitalization of the reconstituted Dow Jones Islamic Market Europe Index increased to US$2.53 trillion from US$2.51 trillion. The total free-float market capitalization of the reconstituted Dow Jones Islamic Market Americas Index increased to US$7.03 trillion from US$7.02 trillion and the total free-float market capitalization of the Dow Jones Islamic Market MENA Index increased to US$115.03 billion from US$106.08 billion.
The total free-float market capitalization of the reconstituted Dow Jones Islamic Market BRIC Index increased to US$562.43 billion from US$475.30 billion.
The free-float market capitalization of the reconstituted Dow Jones Islamic Market China Offshore Index decreased to US$45.05 billion from US$48.48 billion, while the free-float market capitalization of the reconstituted Dow Jones Islamic Market Hong Kong Index increased to US$123.84 billion from US$112.59 billion. The free-float market capitalization of the reconstituted Dow Jones Islamic Market India Index increased to US$308.74 billion from US$306.99 billion, while the free-float market capitalization of the reconstituted Dow Jones Islamic Market Turkey Index increased to US$15.88 billion from US$15.76 billion.
The market capitalization values of all indexes cited in this report are as of March 9, 2010.
An independent Shari'ah Supervisory Board counsels Dow Jones Indexes on matters related to the compliance of index-eligible companies. To determine their eligibility for the Dow Jones Islamic Market Indexes, stocks are screened based on their industry type and their financial ratios. Excluded are companies engaged in the following lines of business: alcohol, tobacco, pork-related products, financial services, defense/weapons and entertainment. Also excluded are companies for which the following financial ratios are 33% or more: debt divided by trailing 24-month average market capitalization; cash plus interest-bearing securities divided by trailing 24-month average market capitalization; and accounts receivables divided by trailing 24-month average market capitalization.
There are currently more than 150 licensees with more than US$7 billion in assets benchmarked to the Dow Jones Islamic Market Indexes.
More information on the Dow Jones Islamic Market Indexes is available on www.djindexes.com.
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Company additions to and deletions from the Dow Jones Islamic Market Indexes do not in any way reflect an opinion on the investment merits of the company.
Note to editors
The following indexes are also part of this regular quarterly review:
- Dow Jones DFM Index
- Dow Jones Islamic Market Industry Indexes
- Dow Jones Islamic Market Sustainability Index
- Other Dow Jones Islamic Market Country indexes
- Other Dow Jones Islamic Market Regional indexes
- Other Dow Jones Islamic Market Global indexes
The Dow Jones Islamic Market China/Hong Kong Titans 30 Index is reviewed annually in September.
Dow Jones Islamic Market Titans 100, Dow Jones Islamic Market U.S. Titans 50, Dow Jones Islamic Market Asia/Pacific Titans 25, Dow Jones Islamic Market Europe Titans 25 and Dow Jones Islamic Market Malaysia Titans 25 indexes are reviewed annually in June.
The Dow Jones DFM Titans 10 Index is reviewed annually in March.
Journalists may e-mail questions regarding this press release to PR-Indexes@dowjones.com or call one of the Dow Jones Indexes press offices:
New York: +1-212-597-5720
Frankfurt: +49-69-29725-290
Hong Kong: +852 800 969 336
Singapore: +65-6-4154-299
About Dow Jones Indexes
A full-service index provider, Dow Jones Indexes develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best known for the Dow Jones Industrial Average, Dow Jones Indexes also maintains its benchmark index series, the Dow Jones Total Stock Market Indexes, which is anchored by the Dow Jones U.S. Total Stock Market Index and covers more than 12,000 securities in 65 markets. Beyond equity indexes, Dow Jones Indexes maintains a number of alternative indexes, including measures of the hedge fund and commodity markets. Dow Jones indexes are maintained according to clear, unbiased and systematic methodologies that are fully integrated within index families. www.djindexes.com
About Dow Jones
Dow Jones & Company (www.dowjones.com) is a News Corporation company (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV; www.newscorp.com). Dow Jones is a leading provider of global business news and information services. Its Consumer Media Group publishes The Wall Street Journal, Barron's and MarketWatch. Its Enterprise Media Group includes Dow Jones Newswires, Dow Jones Factiva, Dow Jones Client Solutions, Dow Jones Indexes and Dow Jones Financial Information Services. Its Local Media Group operates community-based information franchises.
© Press Release 2010
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