NEW YORK (Nov. 12, 2003) — Dow Jones Indexes, a leading global index provider today further expanded into the benchmark indexes business by launching the Dow Jones Global 1800 Index. The 1800-stock index and its regional and sector sub-indexes are derived from the Dow Jones World Index, a broad market global benchmark of approximately 5000 stocks, and reflect the market performance of the leading 600 companies in each of the developed markets of Europe, the Asia-Pacific region and the Americas. The 1800 components of the new index series cover 86% of the Dow Jones World Index.
The Dow Jones Global 1800 Indexes were developed to meet a need for alternatives to existing world indexes and follow the philosophy and methodology of the highly successful pan-European Dow Jones STOXX 600 Index and its sector indexes. The manageable number of components makes the indexes very cost effective and appropriate as the underlying benchmark indexes for investment portfolios.
Lars Hamich, executive director, global business development at Dow Jones Indexes said, “Market participants are increasingly looking to build portfolios that cover global markets or combine regions such as Europe and Asia in a cost-efficient way. Along with the global blue-chip indexes such as the Dow Jones Global Titans 50 and the Dow Jones Sector Titans and broad benchmark indexes such as the Dow Jones World Index, the Dow Jones Global 1800 Index completes the range of benchmark indexes.”
The Dow Jones Global 1800 Indexes are transparent, rules-based benchmarks that comprise the biggest 600 companies in terms of free-float market capitalization for each of three regions – the Americas, Europe and Asia/Pacific.
The index series comprises a total of 117 indexes:
- Dow Jones Global 1800 Index
- Three regional indexes covering 1,200 components each: Dow Jones Global 1800 ex Americas, Dow Jones Global 1800 ex Europe and Dow Jones Global 1800 ex Asia/Pacific;
- Three regional indexes covering 600 components each: Dow Jones Global 1800 Americas, Dow Jones Global 1800 Asia/Pacific and Dow Jones Global 1800 Europe with the latter equaling the Dow Jones STOXX 600 Index;
- Two subset indexes of the Dow Jones Global 1800 Asia/Pacific Index: Dow Jones Global 1800 Asia/Pacific ex Japan and Dow Jones Global 1800 Japan;
- A total of 108 sector indexes covering the world and regional indexes.
The indexes are calculated and disseminated real time with index data available through major data vendors. Component lists, historic and current index values, methodology overview and rule book are freely available on the Dow Jones Indexes web site at http://www.djindexes.com/jsp/GB1800_Method.jsp. The Dow Jones Global 1800 and its sub-indexes are reviewed quarterly.