STOXX Limited, a global index provider and creator of the leading European equity indices, today announced the result of the annual review of the STOXX Select Dividend Index series and the STOXX Global Grand Prix Index; as well as the result of the semi-annual review of the STOXX TMI Growth and STOXX TMI Value indices, its respective large, mid- and small sub-indices as well as the respective indices for the Euro zone. All changes will be effective on March 22, 2010.
Effective as of the open of European markets on March 22, 2010, 21 components will be replaced in the STOXX Global Select Dividend 100 Index. The index comprises the 100 highest dividend-paying companies in the three regions of the STOXX Global 1800 Index.
In the European portion of the STOXX Global Select Dividend 100 Index, the three largest components that are being added measured by dividend yield are Catlin GRP (U.K., Insurance, CGL.L), BCO Sabadell (Spain, Banks, SABE.MC) and Astrazeneca (U.K., Health Care, AZN.L). The three largest components exiting the index are D/S Norden (Denmark, Industrial Goods & Services, DNORD.CO), Koninklijke DSM (Netherlands, Chemicals, DSMN.AS) and DCC (Ireland, Industrial Goods & Services, DCC.I).
In the Asia/Pacific portion of the STOXX Global Select Dividend 100 Index, the three largest additions measured by dividend yield are Thai Beverage Plc. (Singapore, Food & Beverage, TBEV.SI), Link Real Estate Investment Trust (Hong Kong, Real Estate, 0823.HK) and Cheung Kong Infrastructure Holdings Ltd. (Hong Kong, Construction & Materials, 1038.HK). The three largest components exiting the index are Takefuji Corp. (Japan, Financial Services, 8564.T.), Kingboard Chemical Holdings Ltd. (Hong Kong, Chemicals, 0148.HK) and NSK Ltd. (Japan, Automobiles & Parts, 6471.T.).
The three largest components measured by dividend yield that are being added to the Americas portion of the STOXX Global Select Dividend 100 Index are Annaly Capital Management Inc. (U.S., Real Estate, NLY.N), Eli Lilly & Co. (U.S., Health Care, LLY.N) and Scana Corp. (U.S., Utilities, SCG.N). The three largest components exiting the index are Royal Bank of Canada (Canada,Banks, RY.TO), Limited Banks Inc. (U.S., Retail, LTD.N) and Avery Dennison Corp. (U.S., Chemicals, AVY.N).
In the STOXX Europe Select Dividend 30 Index, the three largest companies by dividend yield that are being added to the index are Catlin GRP. (U.K., Insurance, CGL.L), BCO Sabadell (Spain, Banks, SABE.MC) and Astrazeneca (U.K., Health Care, AZN.L). The three largest components exiting the index are D/S Norden (Denmark, Industrial Goods & Services, DNORD.CO), Koninklijke DSM (Netherlands, Chemicals, DSMN.AS) and DCC (Ireland, Industrial Goods & Services, DCC.I). The STOXX Europe Select Dividend 30 Index measures the 30 highest dividend-paying stocks in 18 European countries.
In the EURO STOXX Select Dividend 30 Index, the three biggest additions measured by dividend yield are BCO Sabadell (Sweden, Construction & Materials, PEAB-B.SK), KPN (Netherlands, Telecommunications, KPN.AS) and Snam Rete Gas (Italy, Utilities, SRG.MI)). The three largest components exiting the index are Wereldhalve (Netherlands, Real Estate, WEHA.AS), Deutsche Post (Germany, Industrial Goods & Services, DPWGn.D) and Koninklijke DSM (Netherlands, Chemicals, DSMN.AS). The EURO STOXX Select Dividend 30 Index covers the 30 highest dividend-paying stocks in the Euro zone.
In the STOXX Nordic Select Dividend 20 Index, the three largest components that are being added to the index, measured by dividend yield, are Fortum (Finland, Utilities, FUM1V.HE), Teliasonera (Sweden, Telecommunications, TLSN.ST) and Axfood (Sweden, Retail, AXFO.ST). The three largest components exiting the index are Rautaruukki K (Finland, Basic Resources, RTRKS.HE), Metso (Finland, Industrial Goods & Services, MEO1V.HE) and H. Lundbeck (Denmark, Health Care, LUN.CO). The STOXX Nordic Select Dividend 20 Index tracks the 20 highest dividend-yielding companies in the Nordic region.
One company will be added to the STOXX EU Enlarged Select Dividend 15 Index. Marfin Popluar Bank (Cyprus, Banks, MRBr.AT) will replace Komercni Banka (Czech Republic, Banks, BKOMsp.P). The STOXX EU Enlarged Select Dividend 15 Index measures the 15 highest dividend-paying stocks in the countries which became new member states of the enlarged European Union on May 1, 2004.
As of March 4, 2010 the dividend yield of the reconstituted STOXX Global Select Dividend 100 Index increased to 4.69% from 3.70%. The dividend yield of the STOXX Europe Select Dividend 30 Index increased to 5.52% from 4.31% and the dividend yield of the EURO STOXX Select Dividend 30 Index increased to 4.21% from 3.48%. The dividend yield of the STOXX Nordic Select Dividend 20 Index rose to 3.11% from 2.75% and the dividend yield of the STOXX EU Enlarged Select Dividend 15 Index increased to 5.71% from 4.33%.
Changes in the STOXX Select Dividend Index series are being announced today after the conclusion of a regular annual component review.
The following five companies will be deleted from the STOXX Global Grand Prix Index: BMW AG (Germany, Automobiles & Parts, BMWG.DE), Toyota Motor Corp. (Japan, Automobiles & Parts, 7203.T), ING Groep N.V. (Netherlands, Insurance, ING.AS), Petronas Gas Bhd (Malaysia, Oil & Gas, PGAS.KL) and Panasonic Corp. (Japan, Personal & Household Goods, 6752.T). No new component will be added to the STOXX Global Grand Prix Index at this time. As of February 26, 2010, the total free-float market capitalization of the reconstituted STOXX Global Grand Prix Index decreased to € 657 billion from € 795 billion.
The STOXX Global Grand Prix Index measures the performance of publicly traded companies on a global basis which support or supply Formula One teams, including engine manufacturers, tyre suppliers, oil/fuel suppliers and title sponsors. Changes in the index are being announced today after the conclusion of a regular annual component review.
The STOXX Europe Style Indices include three categories: growth, value and neutral. Effective with the opening of European markets on March 22, 2010 the number of components in the STOXX Europe TMI Growth Index will decrease to 313 from previously 315 components, and the number of components in the STOXX Europe TMI Value Index will decrease to 319 from 331 components.
The three largest components measured by free-float market capitalization that will be added to the STOXX Europe Growth Index are BHP Billiton (U.K., Basic Resources, BLT.L), Barclays (U.K., Banks, BARC.L) and BASF (Germany, Chemicals, BASF.DE). The three largest components exiting the index are Rio Tinto (U.K., Basic Resources, RIO.L), British American Tobacco (U.K., Personal & Household Goods, BATS.L) and Tesco (U.K., Retail, TSCO.L).
The three largest companies measured by free-float market capitalization that will be added to the STOXX Europe Value Index are Vodafone GRP (U.K., Telecommunications, VOD.L), GlaxoSmithKline (U.K., Healthcare, GSK.L) and Telefonica (Spain, Telecommunications, TEF.MC). The three largest components exiting the index are HSBC (U.K., Banks, HSBA.L), Nestle (Switzerland, Food & Beverage, NESN.VX) and Novartis (Switzerland, Health Care, NOVN.VX).
The composition of the STOXX Strong Style Indices will remain unchanged.
Reasons for component changes in STOXX Europe Growth and Value indices can be the change of style characteristics of an index component from growth to value or vice versa as well as addition of a component stock as the result of the stocks’ Initial Public Offering (IPO).
Changes in the STOXX Europe TMI Growth and STOXX Europe TMI Value indices, its respective large, mid- and small sub-indices as well as the respective indices for the Euro zone, are being announced today after the conclusion of a regular semi-annual component review.
The underlying component data– new numbers of shares and free-float factors – for all indices will be announced on March 12, 2010, after the close of European markets. The new composition of all indices mentioned in this press release can be found at http://www.stoxx.com/news/reviews_q1-10.html.
Company additions to and deletions from STOXX Indices do not in any way reflect an opinion on the investment merits of the company.