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Dow Jones Indexes, a leading global index provider, today announced the results of the regular annual review of the Dow Jones Select MicroCap Index and the regular semi-annual review of the Dow Jones U.S. Contrarian Opportunities Index. All changes will be effective after the close of trading on Friday, August 20, 2010.
With 153 additions and 194 deletions, the number of components in the Dow Jones Select MicroCap Index will decrease to 217 from 258. The top five components by free-float market capitalization that will be added to the index are: Strategic Hotels & Resorts Inc. (United States, Real Estate, BEE), Modine Manufacturing Co. (United States, Automobiles & Parts, MOD), Merit Medical Systems Inc. (United States, Health Care, MMSI), City Holding Co. (United States, Banks, CHCO) and Lindsay Corp. (United States, Industrial Goods & Services, LNN). The top five components by free-float market capitalization that will be deleted from the index are: EV Energy Partners L.P. (United States, Oil & Gas, EVEP), American Capital Agency Corp. (United States, Real Estate, AGNC), Interface Inc. Class A (United States, Personal & Household Goods, IFSIA), Advisory Board Co. (United States, Industrial Goods & Services, ABCO) and Manhattan Associates Inc. (United States, Technology, MANH). The free-float market capitalization of the reconstituted Dow Jones Select MicroCap Index decreased to US$54.09 billion from US$66.50 billion, based on the close on August 12, 2010.
The Dow Jones Select MicroCap Index tracks the performance of U.S. micro-cap companies listed at the New York Stock Exchange (NYSE), NYSE Amex and NASDAQ.
With 67 additions and 65 deletions, the number of components in the Dow Jones U.S. Contrarian Opportunities Index will increase to 125 from 123. The top five components by free-float market capitalization that will be added to the index are: AT&T Inc. (United States, Telecommunications, T), Cisco Systems Inc. (United States, Technology, CSCO), Target Corp. (United States, Retail, TGT), Texas Instruments Inc. (United States, Technology, TXN) and Corning Inc. (United States, Technology, GLW). The top five components by free-float market capitalization that will be deleted from the index are: Comcast Corp. (United States, Media, CMCSA), eBay Inc. (United States, Retail, EBAY), WellPoint Inc. (United States, Health Care, WLP), Dell Inc. (United States, Technology, DELL) and Starbucks Corp. (United States, Travel & Leisure, SBUX). The free-float market capitalization of the reconstituted Dow Jones U.S. Contrarian Opportunities Index increased to US$726.07 billion from US$489.33 billion, based on the close on August 12, 2010.
The Dow Jones U.S. Contrarian Opportunities Index, a transparent, rules-based tool for benchmarking contrarian investment strategies is designed to systematically measure the performance of stocks that lag behind the broader market in terms of recent performance, but that outrank their peers based on fundamentals-based and other qualitative criteria. Eligible for selection are stocks in the Dow Jones U.S. Broad Stock Market Index.
Further information on the Dow Jones Select MicroCap and Dow Jones U.S. Contrarian Opportunities Indexes can be found on www.djindexes.com.
