Dow Jones launches six new European indices
EUROPE – New York-based indices provider, Dow Jones Indexes, has launched six new European country-specific Dow Jones STOXX value and growth indices. The countries concerned are France, Germany, Italy, the Netherlands, Sweden and UK.
Michael Petronella, managing director of Dow Jones Indexes says the new indices were created to allow the performance of the two investment styles to be measured on a country by country basis.
“We believe that investment managers who use indices as benchmarks as well as for investing should have as much choice and granularity as possible when selecting a particular country,” he comments.
He says the new range is designed to complement the existing European
regional index Dow Jones STOXX has provided for growth and value stocks since for the past year.
Any company wishing to b a member of one of the new indices must already be part of the Dow Jones STOXX total market index.
The regional indices other than Europe include the US and Canada and Dow Jones says it is considering the development of a global value and growth range.