Dow Jones Indexes to Launch Dow Jones China Offshore 50 Index

19 Oct

China OffshoreNEW YORK, Oct. 19, 2005 (PRIMEZONE) — Dow Jones Indexes, a leading global index provider, today announced the launch of the Dow Jones China Offshore 50 Index.

The Dow Jones China Offshore 50 Index represents the largest, super-sector leaders of companies whose primary operations are in mainland China but trade at the Hong Kong Stock Exchange, New York Stock Exchange, Nasdaq or American Stock Exchange. Stocks included in the index are H shares, red chips, ADR/ADS and Chinese stocks listed in the U.S. If a stock is traded on two or more overseas exchanges, only the listing with the highest trading volume is included in the selection universe.

The Dow Jones China Offshore 50 Index is designed to serve as an underlying for investment products such as mutual funds, exchange-traded funds (ETFs) and other investable products.

“With the new Dow Jones China Offshore 50 index, we are now able to provide investors with an investable Chinese blue-chip exposure following the well-established methodology of the Dow Jones EURO STOXX 50 index,” said Lars Hamich, managing director of STOXX Ltd., the joint venture responsible for Dow Jones Indexes’ business development in Asia, Europe and the Middle East. “Furthermore, our index is large enough to offer the highly requested flexibility to consider the growing number of Chinese companies to go public offshore.”

He added, “China has experienced tremendous growth, and its capital market has attracted both institutional and retail investors alike. The local Chinese market offers only restricted access to foreign investors, therefore, investing in China offshore is an attractive alternative.”

The Dow Jones China Offshore 50 index is weighted by free-float market capitalization and will be reviewed semiannually, in March and September. The weights of individual components are capped at 10% of the float-adjusted market capitalization of the index.

Historical index values are available daily back to Dec. 31, 2000. The base value of the index is set at 1,000 as of that date.

Further information about the Dow Jones China Offshore 50 Index, such as the component list and performance data, is available at www.djindexes.com.

Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes/STOXX public relations group:

New York: +1-212-597-5720

Frankfurt: + 49-69-97142815

Note to Editors:

About Dow Jones Indexes

Dow Jones Indexes is part of Dow Jones & Company, which publishes the world’s most vital business and financial news and information. Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages and the Dow Jones Global, Regional, Country and Sector Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX Indexes. Together with Wilshire Associates, Dow Jones Indexes markets and licenses the Dow Jones Wilshire index family, which includes the Dow Jones Wilshire 5000 and its size, style, and sector indexes. Dow Jones Indexes also offers a number of specialty indexes including hedge fund, commodity and credit derivative indexes. In addition to Dow Jones Indexes, Dow Jones & Company (NYSE:DJ) (www.dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron’s and the Far Eastern Economic Review, Dow Jones Newswires, MarketWatch and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC Universal of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.

The Dow Jones Indexes logo

CONTACT: Dow Jones Indexes

New York: +1-212-597-5720

Frankfurt: + 49-69-97142815

PR-Indexes@dowjones.com

Tags:

No comments yet.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.