NEW YORK, Nov. 2, 2009 (GLOBE NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, today announced that Charles Schwab has licensed five Dow Jones U.S. Total Stock Market Size and Style indexes to underlie the domestic portion of their first-ever suite of exchange-traded funds (ETFs).
Launching Tuesday on the New York Stock Exchange are ETFs based on the following indexes: Dow Jones U.S. Broad Stock Market Index, Dow Jones U.S. Large-Cap Total Stock Market Index and Dow Jones U.S. Small-Cap Total Stock Market Index. Subsequent launches will include ETFs based on the Dow Jones U.S. Large-Cap Growth Total Stock Market Index and the Dow Jones U.S. Large-Cap Value Total Stock Market Index.
"The Dow Jones Total Stock Market Indexes are designed to be representative and replicable measurement tools, which makes them an excellent choice to underlie passive investment vehicles," said Michael A. Petronella, president, Dow Jones Indexes. "Schwab's decision to launch its first offering of domestic ETFs on the Dow Jones Total Stock Market Indexes reflects the indexes' wide acceptance by the marketplace and gives investors access to clear segments of the U.S. stock market."
"Schwab is pleased to introduce an impressive array of Exchange-Traded Funds for investors. We are delighted to collaborate with Dow Jones Indexes, a highly reputable partner, in using their indexes for our ETFs. We are certain our launch will prove highly successful," said Peter Crawford, senior vice president, Charles Schwab.
The five indexes are subsets of the Dow Jones U.S. Total Stock Market Index, which measures the performance of all U.S. stocks with readily available prices. The Dow Jones U.S. Broad Stock Market Index includes all companies in the Dow Jones U.S. Total Stock Market Index except for those securities defined as micro-cap stocks. The Dow Jones U.S. Large-Cap Total Stock Market Index and Dow Jones U.S. Small-Cap Total Stock Market Index reflect different size segments of U.S. equities while the Dow Jones U.S. Large-Cap Growth and Value Total Stock Market Indexes classify large-cap stocks as either "growth" or "value" style companies.
The Dow Jones U.S. Total Stock Market Indexes are weighted by float-adjusted market capitalization and index components are reviewed on a semi-annual basis, in March and September. Stocks are added and/or deleted monthly as the Dow Jones U.S. Total Stock Market Index is updated.
As of Friday, October 30, 2009, the Dow Jones U.S. Broad Stock Market Index is up 16.02% year to date, while the Dow Jones U.S. Large and Small-Cap Total Stock Market Indexes are up 15.06% and 24.94%, respectively. The Dow Jones U.S. Large-Cap Growth and Value Total Stock Market Indexes gained 23.61% and 6.84%, respectively, so far this year.
More information on the Dow Jones Total Stock Market Indexes can be found on www.djindexes.com.
Journalists may e-mail questions regarding this press release to PR-Indexes@dowjones.com
About Dow Jones Indexes
A full-service index provider, Dow Jones Indexes 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 also is co-owner of the Dow Jones STOXX indexes, the world's leading pan-European indexes that are an integrated segment of the Dow Jones Global Index series. Additionally, Dow Jones Indexes maintains its benchmark index series, the Dow Jones Total Stock Market Indexes, which is anchored by the Dow Jones U.S. Total Stock Market Index and covers more than 12,000 securities in 65 markets. Beyond equity indexes, Dow Jones Indexes maintains a number of alternative indexes, including measures of the hedge fund and commodity markets. Dow Jones indexes are maintained according to clear, unbiased and systematic methodologies that are fully integrated within index families. www.djindexes.com
Dow Jones & Company (www.dowjones.com) is a News Corporation company (Nasdaq:NWS) (Nasdaq:NWSA) (ASX:NWS) (ASX:NWSLV) (www.newscorp.com). Dow Jones is a leading provider of global business news and information services. Its Consumer Media Group publishes The Wall Street Journal, Barron's, MarketWatch and the Far Eastern Economic Review. Its Enterprise Media Group includes Dow Jones Newswires, Dow Jones Factiva, Dow Jones Client Solutions, Dow Jones Indexes and Dow Jones Financial Information Services. Its Local Media Group operates community-based information franchises. Dow Jones owns 50% of SmartMoney and 33% of STOXX Ltd. and provides news content to radio stations in the U.S.
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