“The Dow Jones Turkey Titans 20 was created to meet demand from the Turkish marketplace for a transparent, rules-based index that is a member of a consistent global index family and is appropriate for use as an underlying for financial products such as funds, exchange-traded funds, structured products and derivatives,” said Lars Hamich, managing director of STOXX Ltd., the joint venture that is responsible for Dow Jones Indexes’ business development in Europe, Asia and the Middle East. “By adding the Dow Jones Turkey Titans 20 to the existing Dow Jones Country Titans index family we further complement our blue-chip series of indexes which allows investors to allocate assets and switch easily from countries to regions and to global products,” Mr. Hamich said.
The 20 stocks selected for the Dow Jones Turkey Titans 20 are the largest and most liquid securities in the Turkish market. The Dow Jones Turkey Titans 20 index is free-float market capitalization weighted with individual component weights capped at 10% to prevent dominance by any individual company. Its free-float market capitalization amounts $ 13 billion as of July 30, 2004.
The Dow Jones Turkey Titans 20 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, 14 Dow Jones Country Titans indexes, Dow Jones Tiger Titans 50 and the Dow Jones Islamic Titans 100.
The indexes are distributed on a real-time basis through major market data vendors. Historical data on the Dow Jones Turkey Titans 20 index will be available back to December 31, 2002, with a base value of 100.
The full list of components including weightings and values of the Dow Jones Turkey Titans 20 Index is available on www.djindexes.com.
