"With the launch of the Dow Jones Tiger Titans 50, Dow Jones Indexes becomes the first index provider to cover the Asian Tiger markets with a blue-chip index," said Lars Hamich, executive director of global business development. "The four markets included in the index are fast-growing economies with competitive returns in recent years, which makes the index an appealing tool for financial institutions."
The Dow Jones Tiger Titans 50 Index will contain the largest and most liquid securities in Hong Kong, Singapore, South Korea and Taiwan. With 50 liquid stocks, the Dow Jones Tiger Titans 50 will be easy to use as underlying for financial products such as exchange-traded funds or derivatives. The methodology considers free-float market capitalization, sales/revenues, and net profit for component selection. The composition is reviewed annually in June.
Each component's weight in the Dow Jones Tiger Titans 50 is capped at 10% to prevent dominance by any individual company. With a free-float market capitalization of $320.6 billion the index represents 60% of its respective markets (as of June 13, 2003). The index is distributed on a real-time basis through major market data vendors. Historical data on the Dow Jones Tiger Titans 50 will be available back to December 31, 1991, with a base value of 100.
The Dow Jones Tiger Titans 50 is part of the Dow Jones Titans series of indexes. The series comprises the Dow Jones Global Titans 50, Dow Jones Sector Titans 30 with 18 global sector indexes, Dow Jones Asian Titans 50, 12 Dow Jones Country Titans indexes and the Dow Jones Islamic Titans 100.
Other information, including the component stocks and weightings of the Dow Jones Tiger Titans 50 Index, is available at www.djindexes.com.
Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.
In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.
