NEW YORK, Aug. 23, 2007 (PRIME NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, today announced the results of the regular annual review of the Dow Jones Select MicroCap Index, which tracks the performance of U.S. microcap companies listed at the New York Stock Exchange (NYSE), American Stock Exchange (AMEX) and NASDAQ Stock Exchange (NASDAQ). The changes will be effective as of the open of trading on Monday, August 27, 2007.
After completion of the annual review, the number of components in the Dow Jones Select MicroCap Index will be 250 stocks, with 144 additions and 170 deletions.
The top five components by free-float market capitalization that will be added to the index are: NBT Bancorp Inc. (Financial Services; NBTB); PrivateBancorp Inc. (Financial Services; PVTB), Alliance One International Inc. (Consumer Goods; AOI), Bank Mutual Corp. (Financial Services; BKMU) and American States Water Co. (Utilities; AWR).
The top five components by free-float market capitalization that will be deleted from the index are: Geo Group Inc. (Industrial Goods & Services; GEO), W.R. Grace & Co. (Chemicals; GRA), Deckers Outdoor Corp. (Personal & Household Goods; DECK), Blue Nile Inc. (Retail; NILE) and Middleby Corp. (Personal & Household Goods; MIDD).
As of August 23, 2007, the Dow Jones Select MicroCap Index is up 0.08% year to date and the free-float market capitalization is US$124 trillion.
The Dow Jones Select MicroCap Index was created to provide market participants with an accurate and reliable measure of the U.S. microcap segment. The index serves as the underlying for an exchange-traded fund (ETF).
The initial stock selection pool is determined by ranking all NYSE stocks by full-market capitalization into 10 equal-numbered deciles, with deciles nine and 10 defining the microcap size range. Issues then are added from the AMEX and NASDAQ exchanges that fit this size range. Securities are then screened by market capitalization and by trading liquidity criteria, followed by further fundamental screens such as price/earnings ratio, price/sales ratio, profit change, operating margin and performance return screens.
The Dow Jones Select MicroCap Index components, weightings and daily closing values are available on the Dow Jones Indexes Web site at www.djindexes.com.
Company additions to and deletions from the Dow Jones Select MicroCap Index 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 Dow Jones Indexes/STOXX press office:
New York: +1-212-597-5720 Frankfurt: + 49-69-29725290
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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 is co-owner of the Dow Jones STOXX indexes, the world's leading pan-European indexes, and together with Wilshire Associates, provides the Dow Jones Wilshire Global Index family, which is anchored by the Dow Jones Wilshire 5000 and covers more than 12,000 securities in 59 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
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