The following 25 names will be added to the underlying basket of the Dow Jones TRAC-X Europe Index:
Company | Dow Jones TRAC-X Sector |
Pinault-Printemps-Redoute | Consumer |
J Sainsbury plc | Consumer |
Six Continents plc | Consumer |
Safeway plc | Consumer |
Gallaher Group PLC | Consumer |
Allied Domecq plc | Consumer |
European Aeronautic Defence and Space Co EADS NV | Industrials |
Anglo American plc | Industrials |
AKZO Nobel NV | Industrials |
Hanson plc | Industrials |
FKI plc | Industrials |
Stora Enso Oyj | Industrials |
National Grid Transco plx | Industrials |
Technip | Industrials |
Cap Gemini | TMT |
Telenor ASA | TMT |
Banca Monte Dei Paschi Di Siena Spa | Financials |
Muenchener Rueckversicherungs-Gesellschaft AG | Financials |
Capitalia SPA | Financials |
Zurich Insurance Co | Financials |
Swiss Reinsurance Co | Financials |
Unicredito Italiano Societa per Azioni | Financials |
AVIVA PLC | Financials |
Assicurazioni Generali - Societa per Azioni | Financials |
Aegon NV | Financials |
The following 25 names have been deleted from the Dow Jones TRAC-X Europe Index:
Company | Dow Jones TRAC-X Sector |
GUS PLC | Consumer |
VALEO SA | Consumer |
BOOTS GROUP PLC | Consumer |
UNILEVER NV | Consumer |
NESTLE LTD | Consumer |
OLIVETTI | Consumer |
PARMALAT | Consumer |
SONERA | TMT |
KONINKLIJKE DSM NV | Industrials |
EDP ELECTRICIDADE DE PORTUGAL SA | Industrials |
BAA PLC | Industrials |
IBERDROLA SA | Industrials |
VATTENFALL AB | Industrials |
INVESTOR AB | Industrials |
ENEL SPA | Industrials |
ENDESA SA | Industrials |
CREDIT LYONNAIS SA | Financials |
CREDIT SUISSE GROUP | Financials |
LLOYDS TSB BANK PLC | Financials |
SOCIETE GENERALE | Financials |
BANK OF SCOTLAND | Financials |
UBS AG | Financials |
BARCLAYS BANK PLC | Financials |
ABBEY NATIONAL PLC | Financials |
ROYAL BANK OF SCOTLAND PLC | Financials |
The changes announced today are a result of a regular review and are based on an already existing methodology for the Dow Jones TRAC-X indexes. Dow Jones Indexes expects these rules to be reviewed after an advisory committee comprised of TRAC-X market makers and other experts is put together that will advise on methodology, rebalancing and other related topics for the Dow Jones TRAC-X Indexes, however, Dow Jones Indexes will remain the ultimate decision-maker. Having the participation of the leading credit derivatives participants will ensure that the Dow Jones TRAC-X Indexes remain as transparent and liquid as possible while also providing the clients who use them with the most efficient and effective way to manage and trade credit risk.
The major regional Dow Jones TRAC-X Indexes that have launched to date include: Dow Jones TRAC-X Europe, Dow Jones TRAC-X NA (North America), Dow Jones TRAC-X NA High Yield, Dow Jones TRAC-X Japan, Dow Jones TRAC-X Australia, Dow Jones TRAC-X EM (Emerging Markets) and Dow Jones TRAC-X Asia.
To ensure transparency in the selection process and review, for the first time a complete selection list of the reconstituted Dow Jones TRAC-X indexes can be found on the Dow Jones Indexes website (www.djindexes.com).
Company additions to and deletions from the Dow Jones TRAC-X Europe Index do not in any way reflect an opinion on the investment merits of the company.