LONDON (14 February, 2012) ― San Miguel Corp. of the Philippines will be added to the Dow Jones Emerging Markets Consumer Goods Titans 30 Index, Dow Jones Indexes announced today.
The addition of San Miguel follows the removal of China’s Shanda Interactive Entertainment Ltd. ADS due to its acquisition by Premium Lead Co. Ltd. of the British Virgin Islands.
Established in 1890 as a single-product brewery, San Miguel is the Philippines’ largest beverage, food and packaging company.
The changes in the Dow Jones Emerging Markets Consumer Goods Titans 30 Index will be effective as of the opening of trade on Friday, February 17, 2012.
The Dow Jones Emerging Markets Consumer Goods Titans 30 Index measures the performance of 30 leading emerging-market companies in the Consumer Goods Industry as defined by the proprietary classification system used by Dow Jones Indexes. Stocks are selected to the index based on float-adjusted market capitalization, size, revenue and net profit.
As of 31 January 2012, the index’s three top components — as measured by their adjusted weight within the index — are Companhia de Bebidas das Americas ADS (9.78%, Brazil), Astra International (7.53%, Indonesia) and ITC Ltd. (6.31%, India).