Index Gauges Performance of Stocks Lagging Broader Market,
But Outrank Peers on Fundamentals, Other Qualitative Criteria
Kohl's, Zimmer Holdings Also Placed in Index
Following Regular Semi-Annual Review By Dow Jones Indexes
NEW YORK, Feb. 9, 2012 (GLOBE NEWSWIRE) -- Cisco Systems Inc., Comcast Corp. (Class A shares) and FedEx Corp. were added to the Dow Jones U.S. Contrarian Opportunities Index, Dow Jones Indexes announced today.
The Dow Jones U.S. Contrarian Opportunities Index is designed to systematically measure the performance of stocks that lag behind the broader market in terms of recent performance, but outrank their peers based on fundamentals and other qualitative criteria.
Including Cisco Systems (the world's 31st-largest company, measured by free-float market capitalization), Comcast (54th-largest) and FedEx (223rd-largest), a total of 54 companies were added to ― and 52 deleted from ― the index as part of a regular semi-annual review by Dow Jones Indexes, a leading global index provider. Following the review, the Dow Jones U.S. Contrarian Opportunities Index now has 125 components, up from 123; all changes are effective after the close of trading on February 17, 2012.
Following Cisco Systems (one of 30 companies that comprise the Dow Jones Industrial Average), Comcast and FedEx, the next largest components to be added to the Dow Jones U.S. Contrarian Opportunities Index, measured by free-float market capitalization, are Kohl's Corp. and Zimmer Holdings, Inc. The five largest components to be deleted from the index, measured by free-float market capitalization, are Thermo Fisher Scientific Inc.,Norfolk Southern Corp., Biogen Idec Inc., eBay Inc. and Google Inc. (Class A shares).
The Dow Jones U.S. Contrarian Opportunities Index is a transparent, rules-based tool for benchmarking contrarian investment strategies. The index's universe is the Dow Jones U.S. Broad Stock Market Index, which comprises the largest 2,500 U.S. stocks by float-adjusted market capitalization. The Dow Jones U.S. Contrarian Opportunities Index is equal weighted and reviewed semi-annually in January and July with changes taking effect in February and August.
As of February 8, 2012, the float-adjusted market capitalization of the reconstituted Dow Jones U.S. Contrarian Opportunities Index decreased to $1.22 trillion from $1.30 trillion.
Journalists may e-mail questions regarding this press release or call Dow Jones Indexes' press office.
About Dow Jones Indexes
Dow Jones Indexes (www.djindexes.com) is a leading full-service index provider that 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 offers more than 130,000 equity indexes as well as fixed-income and alternative indexes, including measures of hedge funds, commodities and real estate. Dow Jones Indexes employs clear, unbiased and systematic methodologies that are fully integrated within index families. Dow Jones Indexes is the marketing name for CME Group Index Services LLC, a joint venture company which is owned 90 percent by CME Group Inc. (www.cmegroup.com) and 10 percent by Dow Jones & Company, Inc. (www.dowjones.com), a News Corporation company (Nasdaq:NWS), (Nasdaq:NWSA) (ASX:NWS) (ASX:NWSLV) (www.newscorp.com).
"Dow Jones®", "Dow Jones Indexes", "Dow Jones U.S. Contrarian Opportunities Index" and all other index names listed above are service marks of Dow Jones Trademark Holdings LLC ("Dow Jones"), and have been licensed for use by CME Group Index Services LLC ("CME Indexes"). Investment products based on the Dow Jones U.S. Contrarian Opportunities Index are not sponsored, endorsed, sold or promoted by Dow Jones, CME Indexes or their respective affiliates and none of Dow Jones, CME Indexes and their respective affiliates make any representation regarding the advisability of investing in such products. Inclusion of a company in the Dow Jones U.S. Contrarian Opportunities Index does not in any way reflect an opinion of Dow Jones, CME Indexes or any of their respective affiliates on the investment merits of such company. None of Dow Jones, CME Indexes or any of their respective affiliates is providing investment advice in connection with these indexes.
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