STOXX Limited, a leading provider of innovative, tradable and global index concepts, today announced component changes in the STOXX North America 50 Index due to the fast entry rule. Furthermore, changes in the STOXX Eastern Europe 50 Index due to the regular semi-annual review were announced. All changes become effective with the open of markets on March 24, 2014.
STOXX North America 50 Index:
Addition |
Deletion |
FACEBOOK CLASS A (U.S., Technology, FB.OQ) |
MONDELEZ (U.S., Food & Beverage, MDLZ.OQ) |
STOXX Eastern Europe 50 Index
Additions |
Deletions |
PIRAEUS BANK (GR, Banks, BOPr.AT) |
TURK TELEKOMUNIKASYON (TR,Telecommunications, TTKOM.IS) |
KRKA (SI, Healthcare, KRKG.LJ) |
JSW (PL, Basic Resources, JSW.WA) |
Today’s announcement regarding the component changes in the STOXX North America 50 Index is based on the fast entry rule. Under the fast entry rule, all stocks that rank in the “lower buffer” category of the selection list during the quarterly rebalance will be eligible for fast entry into the respective indices, i.e. those components on rank 25 or higher for the EURO STOXX 50 and STOXX North America 50 indices. Previously, fast entries were only possible for initial public offering (IPO) companies that ranked among the ”lower buffer” category on the selection list.
Changes in the STOXX Eastern Europe 50 Index are being announced today after the conclusion of a regular semi-annual component review. The adjusted component weightings, including the number of shares and free-float factors, will be announced on March 19, 2014 after the close of markets. All changes will be effective as of the open of markets on March 24, 2014. In the case of upcoming mergers and acquisitions occurring until the final implementation date, the composition of the indices may change.
For further information on the STOXX indices, please visit www.stoxx.com.