STOXX Limited, the leading provider of European equity indexes, today launched a new index family that measures the performance of stocks traded in 18 Eastern European countries. The index family comprises the Dow Jones STOXX Eastern Europe Total Market Index (TMI), Dow Jones STOXX Eastern Europe 300 Size, Dow Jones STOXX Balkan TMI, Dow Jones STOXX Eastern Europe 50 and Dow Jones STOXX Sub Balkan 30 indexes and 27 additional sub-indexes.
"The Eastern European countries are growing economies that have delivered competitive returns in recent years,” said Werner Bürki, chairman, STOXX supervisory board. “Market participants may tap into these dynamic markets using an index family that offers comparable, transparent and stringent principles. This launch proves again the leading role of STOXX Ltd. as we add this sophisticated index series and further broaden the Dow Jones STOXX index universe.”
The Dow Jones STOXX Eastern Europe TMI serves as the basis for the 32 indexes in this family. The index covers 95% of the free-float market capitalization of each of the following 18 Eastern European countries: Bulgaria, Croatia, Cyprus, Czech Republic, Estonia, Greece, Hungary, Latvia, Lithuania, Macedonia, Poland, Romania, Russia, Serbia, Slovak Republic, Slovenia, Turkey and Ukraine. To be eligible for the index, stocks need to have a minimum of 10 trading days during the past three months. Daily historical index values are available back to December 31, 20021.
The Dow Jones STOXX Eastern Europe 300 Size Indexes comprise the Dow Jones STOXX Eastern Europe Large 100, Dow Jones STOXX Eastern Europe Mid 100 and Dow Jones STOXX Eastern Europe Small 100 indexes. Each index includes the 100 largest stocks of its respective size category of the Dow Jones STOXX Eastern Europe 300 Index.
Within each index, individual stocks’ weightings are capped at 20% of the index’s total float-adjusted market capitalization. The Dow Jones STOXX Eastern Europe 300 Index serves as the basis for the Dow Jones STOXX Eastern Europe 300 Supersector indexes. Daily historical index values are available back to December 31, 2004.
The Dow Jones STOXX Eastern Europe 50 Index is a blue-chip index comprising 50 Supersector leaders in the 18 countries of the Dow Jones STOXX Eastern Europe 300 Index. The weight of each country in the index is capped at 50% and the weight of each component is capped at 10%. Currently, the index includes stocks traded in Croatia, Cyprus, Czech Republic, Greece, Hungary, Poland, Russia, Slovenia and Turkey. Daily historical index values are available back to December 31, 2002.
The Dow Jones STOXX Balkan TMI covers approximately 95% of the free- float market capitalization of each of the following eight Balkan countries: Bulgaria, Croatia, Macedonia, Romania, Serbia, Slovenia, Turkey and Greece. To be eligible for the index, stocks need to have a minimum of 10 trading days during the past three months. Daily historical index values are available back to December 31, 2004.
The Dow Jones STOXX Sub Balkan 30 Index includes 30 Supersector leaders from Croatia, Macedonia, Serbia and Slovenia. It captures approximately 80% of the free-float market capitalization of the Dow Jones STOXX Sub Balkan TMI, which in turn covers approximately 95% of the free-float market capitalization of the represented countries. Each component’s weight is capped at 10% of the index. Daily historical index values are available back to December 31, 2004.
The Dow Jones STOXX Eastern Europe TMI and its sub-indexes are reviewed quarterly in March, June, September and December. The index composition of the Dow Jones STOXX Eastern Europe 50 Index is reviewed semi-annually in March and September, and the Dow Jones STOXX Sub Balkan 30 Index is reviewed annually in September. Price and total return indexes are calculated for all of the new indexes in euro and U.S. dollar.
As of October 6, 2008, the Dow Jones STOXX Eastern Europe TMI is up 106.15% since its inception date of December 31, 2002. For the same time period, the Dow Jones STOXX Eastern Europe 50 Index is up 118.99%.
As of October 6, 2008, the Dow Jones STOXX Balkan TMI gained 12.09% and the Dow Jones STOXX Sub Balkan 30 Index is up 49.56% since their inception date of December 31, 2004.
Since inception of the Dow Jones STOXX Eastern Europe 300 Supersector Indexes on December 31, 2004, the top three performing sectors through October 6, 2008 are Health Care, Insurance and Utilities, which returned 66.55%, 56.80% and 47.29%, respectively.
For further information on the Dow Jones STOXX Eastern Europe indexes, please visit www.stoxx.com.
1 The Dow Jones STOXX Eastern Europe TMI and the Dow Jones STOXX Eastern Europe 50 indexes were first published on December 31, 2002. The Dow Jones STOXX Eastern Europe 300 Size, the Dow Jones STOXX Balkan TMI and the Dow Jones STOXX Sub Balkan 30 indexes were first published on December 31, 2004. All estimated daily historical closing prices prior to that date are based on back-testing, i.e. calculations of how the index might have performed in the past if it had existed. Back-tested performance information is purely hypothetical and is solely for informational purposes. It does not represent actual performance, and past performance is not indicative of future results.
