ZURICH, Switzerland, Sept. 1, 2008 (GLOBE NEWSWIRE) -- STOXX Ltd. today announced the results of the regular annual review of the Dow Jones STOXX 50, Dow Jones EURO STOXX 50, Dow Jones STOXX NORDIC 30 and Dow Jones STOXX EU Enlarged 15 blue-chip indexes as well as the results of the annual review of its style indexes. The changes will be effective on September 22, 2008.
The following companies will join the Dow Jones STOXX 50 Index: ABB (Switzerland, Industrial Goods & Services, ABB; ABBN.VX; ABB.SK), BAYER (Germany, Chemicals, BAYRY; BAY.XE), BRITISH AMERICAN TOBACCO (U.K., Personal & Household Goods, BTI; BATS.LN) and IBERDROLA (Spain, Utilities, IBDRY; IBE.MC). The companies exiting the index are: BT (U.K., Telecommunications, BT; BT.A.LN), FORTIS (Netherlands, Banks, FORSY; 30086.AE), HBOS (U.K., Banks, HBOOY; HBOS.LN) and LLOYDS TSB (U.K., Banks, LYG; LLOY.LN).
The following company will be added to the Dow Jones EURO STOXX 50 Index: ALSTOM (France, Industrial Goods & Services, 1022047.FR). The company exiting the index is: ALCATEL LUCENT (France, Technology, ALU; ALU.FR).
The following company will be added to the Dow Jones STOXX NORDIC 30 Index: YARA (Norway, Chemicals, YARIY; YAR.OS). The company exiting the index is: ELECTROLUX B (Sweden, Personal & Household Goods, ELUX-B.SK).
The following company will enter the Dow Jones STOXX EU Enlarged 15 Index: POLISH OIL AND GAS (Poland, Oil & Gas, PGNI.WA). The company exiting the index is: BANK BPH (Poland, Banks, BPH.WA).
Changes made to the blue-chip index series are being announced today after the conclusion of a regular annual review. The review is based on the blue-chip rules published on the STOXX Ltd. Web site www.stoxx.com using the September 2008 blue-chip selection lists. The selection lists are based on the stocks in the corresponding Dow Jones STOXX 600 Index, Dow Jones EURO STOXX Index, Dow Jones STOXX NORDIC Index, Dow Jones STOXX EU Enlarged Total Market Index (TMI) and their free-float market capitalization as of August 29, 2008. The component selection lists that are used for the 2008 annual Dow Jones STOXX blue-chip index review are based on the Industry Classification Benchmark (ICB).
STOXX Ltd. also announced changes in the composition of its style indexes, the Dow Jones STOXX TMI Growth and Dow Jones STOXX TMI Value indexes, the respective large, mid and small sub-indexes and strong style indexes as well as the respective indexes for the euro zone.
The Dow Jones STOXX Style Indexes include three categories: growth, value and neutral. Effective with the open of European markets on September 22, 2008, the number of components in the Dow Jones STOXX TMI Growth Index will increase to 425 from 384, and the number of components in the Dow Jones STOXX TMI Value Index will decrease to 382 from 403. The number of components in the neutral category will decrease to 253 from 273.
The three largest components measured by free-float market capitalization that will be added to the Dow Jones STOXX Growth and Value Indexes are NESTLE (Switzerland, Food & Beverages, NSRGY; NESN.VX, Value), TELEFONICA (Spain, Telecommunications, TEF; TEF.MC, Growth) and RIO TINTO (U.K., Basic Resources, RTP; RIO.LN, Growth).
The following components of the Dow Jones STOXX TMI Large Value Index will be reclassified from value to growth stocks: VODAFONE GRP (U.K., Telecommunications, VOD; VOD.LN), GLAXOSMITHKLINE (U.K., Healthcare, GSK; GSK.LN) and UNILEVER NV (Netherlands, Food & Beverages, UN; UNA.AE).
Reasons for component changes in the Dow Jones STOXX Growth and Value Indexes can be the change of the style characteristics of an index component from growth to value, or vice versa, as well as the addition of a component stock.
The full list of the new composition of the Dow Jones STOXX Style Indexes and Dow Jones STOXX Strong Style Indexes, as well as further information on the indexes, can be found at www.stoxx.com.
The underlying component data - new numbers of shares and free-float factors - will be announced on September 17, 2008 and reflect all corporate actions effective before the above changes are implemented on the third Friday of September (September 19). The changes will be effective on the next trading day, September 22, 2008.
Disclaimer: Company additions and deletions 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
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