NEW YORK, July 12, 2010 (GLOBE NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, today announced a component change in the Dow Jones China Offshore 50 Index.
Effective with the open of trading on Tuesday, July 20, 2010, Agricultural Bank of China Ltd. (Banks; Hong Kong, 1288.HK) will replace Angang Steel Co. Ltd. (Basic Resources; Hong Kong, 0347.HK) in the Dow Jones China Offshore 50 Index.
Agricultural Bank of China Ltd. is being added to the Dow Jones China Offshore 50 Index following its IPO on the Hong Kong Stock Exchange. The company ranks among the top 25 by float-adjusted market capitalization and qualifies for the fast-entry rule.
The Dow Jones China Offshore 50 Index represents the largest stocks of companies whose primary operations are in mainland China but trade at the Hong Kong Stock Exchange and U.S. Stock Exchanges. Stocks included in the index are H shares, red chips, ADR/ADS and Chinese stocks listed in the U.S. If a stock is traded on two or more overseas exchanges, only the listing with the highest trading volume is included in the selection universe.
The index is weighted based on float-adjusted market capitalization. The weights of individual components are capped at 10% of the float-adjusted market capitalization of the index.
Further information on the Dow Jones China Offshore 50 Index is available at http://www.djindexes.com
Company additions to and deletions from the Dow Jones China Offshore 50 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
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 China Indexes" 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 China Indexes 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 any of the Dow Jones China Indexes 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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