Changes Follow Regular Periodic Index Review
LONDON, Dec. 8, 2011 (GLOBE NEWSWIRE) -- Founder Securities Co. Ltd. and Sinohydro Group Ltd., will be among 22 stocks added to the Dow Jones China Broad Market Index following its regular index review, Dow Jones Indexes announced today.
China Fortune Land Development Co. Ltd., Jiangsu Phoenix Publishing & Media Co. Ltd. and Anhui Annada Titanium Industry Co. Ltd. will also be added to the index, with 22 additions and 5 deletions, the number of components in the Dow Jones China Broad Market Index will increase to 1477 (1436 A-shares and 41 B-shares) from 1460. The Dow Jones China Broad Market Index reflects approximately 95% of the free-float market capitalization for both the Shanghai and Shenzhen markets.
The number of components in the Dow Jones Shanghai Index will increase to 788 from 778, with 12 additions and two deletions, while the number of components in the Dow Jones Shenzhen Index will increase to 689 from 682 components, with 10 additions and three deletions. The Dow Jones Shanghai and Dow Jones Shenzhen indexes represent approximately 95% of the free-float market capitalization of their respective markets.
Twenty components will be replaced in the Dow Jones CBN China 600 Index, which reflects roughly 80% of China's free-float market capitalization. Shandong Denghai Seeds Co. Ltd., Hubei Shuanghuan Science and Technology Stock Co. Ltd. and Sichuan Meifeng Chemical Industry Co. Ltd. will also be added to the index.
Dow Jones Indexes also completed the regular semiannual review for the Dow Jones CBN China 600 Sector Blue-Chip Indexes, which were launched on September 8, 2005 as subsets of the Dow Jones CBN China 600 Index.
The changes were made following a regular index review and will be effective after the close of trading on Friday, December 16, 2011.
The Dow Jones China Indexes are designed to provide investors globally with accurate tools for measuring equity performance in China. Float-adjusted shares are used for stock selection and index calculation, in order to accurately reflect shares available to the public. Block holdings of individuals, other companies or governments that exceed 5% of total market value are excluded.
Further information about the Dow Jones China Indexes is available at http://www.djindexes.com/chinese.
Company additions to and deletions from the Dow Jones China Indexes 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 media@djindexes.com.
Note to Editors:
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 part of a joint venture company 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.
The Dow Jones Indexes logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=1289