NEW YORK, Feb. 10, 2011 (GLOBE NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, today announced the results of the semi-annual review of the Dow Jones U.S. Contrarian Opportunities Index. All changes will be effective after the close of trading on Friday, February 18, 2011.
With 63 additions and 62 deletions, the number of components in the Dow Jones U.S. Contrarian Opportunities Index will increase to 125 from 124. The top five components by free-float market capitalization that will be added to the index are: Exxon Mobil Corp. (United States, Oil and Gas, XOM), Google Inc. (United States, Technology, GOOG), Hewlett-Packard Co. (United States, Technology, HPQ), Conoco Phillips (United States, Oil and Gas, COP) and Honeywell International Inc. (United States, Industrials, HON). The top five components by free-float market capitalization that will be deleted from the index are: AT&T Inc. (United States, Telecommunications, T), Cisco Systems (United States, Technology, CSCO), NetApp Inc. (United States, Technology, NTAP), Coach Inc. (United States, Consumer Goods, COH) and Salesforce.com Inc. (United States, Technology, CRM).
The free-float market capitalization of the reconstituted Dow Jones U.S. Contrarian Opportunities Index increased to US$1.51 trillion from US$861.60 billion, as of February 9, 2011.
The Dow Jones U.S. Contrarian Opportunities Index, a transparent, rules-based tool for benchmarking contrarian investment strategies is designed to systematically measure the performance of stocks that lag behind the broader market in terms of recent performance, but that outrank their peers based on fundamentals-based and other qualitative criteria. Eligible for selection are stocks in the Dow Jones U.S. Broad Stock Market Index.
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, respectively.
Further information on the Dow Jones U.S. Contrarian Opportunities Index can be found on .
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