LONDON, June 20, 2011 (GLOBE NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, today announced the launch of two European blue-chip stock indexes, marking the first in a series of new geographically specific products that underscore the firm's commitment to Europe.
The Dow Jones Eurozone Titans 80 Index and the Dow Jones Europe Titans 80 Index measure leading companies within each region. Because the new indexes are diversified, easy to replicate and contain well-established, blue-chip names, they are well-suited for licensing as the basis of investment products such as ETFs, structured products and exchange-traded derivatives.
On a related note, the Dow Jones Eurozone Titans 80 Index and the Dow Jones Europe Titans 80 Index both have been recently licensed to UniCredit, the pan-European financial institution, to serve as a basis for structured products to be issued today. UniCredit announced that open end certificates on each new index would be offered in Germany under "HypoVereinsbank onemarkets", as well as in Austria under "UniCredit onemarkets".
The Dow Jones Eurozone Titans 80 Index and the Dow Jones Europe Titans 80 Index both measure the performance of leading stocks that trade in Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, the Netherlands, Portugal and Spain. In addition to the aforementioned nations, the Dow Jones Europe Titans 80 Index also represents Denmark, Iceland, Norway, Sweden, Switzerland and the U.K.
"With a wealth of opportunities spread across the continent, Europe represents a critical component of Dow Jones Indexes' strategic business plan and for our future," said Michael A. Petronella, President, Dow Jones Indexes. "These new indexes signal an important step for us as we plan to roll-out more Europe-focused indexes that will provide investors with a more complete and diversified offering."
With 80 components each, the Dow Jones Eurozone Titans 80 Index and the Dow Jones Europe Titans 80 Index are more diversified than competing indexes. In addition, the new indexes follow a more-robust methodology than their competitors, with float-adjusted market capitalization, revenue and net profit used as selection criteria. This approach is consistent in keeping with the long-established methodology Dow Jones Indexes uses to create and maintain its other "Titans"-branded indexes.
The indexes' compositions are reviewed on an annual basis using data from the last trading day in May, with their component weightings rebalanced in March, June, September and December. The indexes are reviewed on an ongoing basis for corporate events such as delistings, bankruptcies, mergers and takeovers.
Calculation of both indexes began on June 20, 2011. Back-tested historical data have been calculated daily back to December 31, 2002, the date at which the index base value is set at 1000.
The Dow Jones Europe Titans 80 Index and the Dow Jones Eurozone Titans 80 Index were first published on 20 June 2011. All estimated daily historical closing prices prior to that date are based on back-testing (i.e., calculations of how the index might have performed in the past if it had existed). Back-tested performance information is purely hypothetical and is solely for informational purposes. Back-tested performance does not represent actual performance, and past performance is not indicative of future results.
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About Dow Jones Indexes
Dow Jones Indexes () 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 part of a joint venture company owned 90 percent by CME Group Inc. () and 10 percent by Dow Jones & Company, Inc. (), a News Corporation company (Nasdaq:NWS) (Nasdaq:NWSA) (ASX:NWS) (ASX:NWSLV) ().
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"Dow Jones®", "Dow Jones Indexes", "Dow Jones Europe Titans 80 Index" and " Dow Jones Eurozone Titans 80 Index" 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"). "Titans" is a service mark of CME Indexes. "CME" is a trademark of Chicago Mercantile Exchange, Inc. Investment products based on the Dow Jones Europe Titans 80 and the Dow Jones Eurozone Titans 80 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 Europe Titans 80 or Dow Jones Eurozone Titans 80 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.
CONTACT: Dow Jones Indexes' press office: London Barbara Mahe +44 20 7796 7247 email@example.com