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Titan annual changes

Dow Jones Indexes said it made changes to three of its Titans indices, as a result of the regular annual review.
Five component stocks are being changed in the Dow Jones Global Titans 50 index – Chevron Texaco, Royal Bank of Scotland Group, PepsiCo, Barclays and AstraZeneca will be added to the index, replacing Ford Motor Co, Mitsubishi Tokyo Financial Group, Deutsche Telekom, WorldCom and BT Group.
Total free-float market capitalisation of the reconstituted Dow Jones Global Titans 50 Index increased to $5.4trn from $5.18trn as of May 31, 2002, the index provider said.
In the Dow Jones Asian Titans 50 index, the following four stocks are being added — Nissan Motor Co, Kookmin Bank, Hyundai Motor Co and United Overseas Bank. The corresponding deletions are Denso Corp, Swire Pacific A, Singapore Telecommunications and Citic Pacific.
Total free-float market capitalisation of the reconstituted Dow Jones Asian Titans 50 Index rose to $1.06trn from $1.02trn as May 31, 2002.
Several changes are also being made in the Dow Jones Sector Titans 30 indexes. All changes took effect on June 24.
The annual review is based on the rule adjustments for these indexes, which were announced at the end of April. The fundamental factors used to select components were cut to two from four. The weight of float-adjusted market capitalisation in the selection process was increased to 60% from 50%, while the weight of the two fundamental factors – sales/revenue and net income – rose from 12.5% to 20% each.
Full component lists are available at www.djindexes.com.

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