Dow Jones Indexes, an index provider, announces component changes in the Dow Jones Global Titans 50, Dow Jones Country Titans and Dow Jones Sector Titans indexes.
All changes will be effective after the close of trading on Friday, 19 December 2008.
In the Dow Jones Global Titans 50 Index, ING Groep N.V. (Netherlands, Insurance, INGA.AE; ING) and Royal Bank of Scotland Group PLC (United Kingdom, Banks, RBS.LN; RBS) will be replaced by France Telecom (France, Telecommunications, FTE.FR; FTE) and Oracle Corp. (United States, Technology, ORCL: 4716.TO), respectively.
Ing Groep N.V. and Royal Bank of Scotland Group PLC are being deleted due to the “Extraordinary Component Removal Rule.” The rule is applied when the float-adjusted market capitalization of a current component in the Dow Jones Global Titans 50 Index falls below the largest 200 companies by float-adjusted market capitalization in the stock selection universe. This rule allows component changes to the Dow Jones Global Titans 50 Index to be implemented outside of the index’s regular annual review in June.
In the Dow Jones Australia Titans 30 Index, Alumina Ltd. (Australia, Basic Resources, AWC.AU; AWC) will be replaced by Incitec Pivot Ltd. (Australia, Chemicals, IPL.AU).
In the Dow Jones France Titans 30 Index, Peugeot S.A. (France, Automobiles & Parts, 12150.FR; PEUGY) will be replaced by GDF Suez S.A. (France, Utilities, GSZ.FR).
In the Dow Jones Germany Titans 30 Index, Hypo Real Estate Holding AG (Germany, Financial Services, HRX.XE; HREHY) will be replaced by Deutsche Postbank AG (Germany, Banks, DPB.XE).
In the Dow Jones Japan Titans 100 Index, Ibiden Co. Ltd. (Japan, Industrial Goods & Services, 4062.TO), Kawasaki Kisen Kaisha Ltd. (Japan, Industrial Goods & Services, 9107.TO) and Advantest Corp. (Japan, Technology, 6857.TO; ATE) will be replaced by Fast Retailing Co. Ltd. (Japan, Retail, 9983.TO; FRCOY), Terumo Corp. (Japan, Health Care, 4543.TO) and Asahi Breweries Ltd. (Japan, Food & Beverage, 2502.TO), respectively.
In the Dow Jones South Korea Titans 30 Index, Daewoo Securities Co. Ltd. (South Korea, Financial Services, 006800.SE) will be replaced by LG Chem Ltd. (South Korea, Chemicals, 051910.SE).
In the Dow Jones Sri Lanka Titans 20 Index, Ceylinco Insurance Co. Ltd.(Sri Lanka, Insurance, CINS.SL) will be replaced by Associated Motorways PLC (Sri Lanka, Automobiles & Parts, AMW.SL).
In the Dow Jones Switzerland Titans 30 Index, OC Oerlikon Corp. AG (Switzerland, Industrial Goods & Services, OERL.VX) will be replaced by Sonova Holding AG (Switzerland, Health Care, SOON.EB).
In the Dow Jones Turkey Titans 20 Index, Dogan Yayin Holding A.S. (Turkey, Media, DYHOL.IS) will be replaced by BIM Birlesik Magazalar A.S. (Turkey, Retail, BIMAS.IS).
Alumina Ltd., Peugeot S.A., Hypo Real Estate Holding AG, Ibiden Co. Ltd., Kawasaki Kisen Kaisha Ltd., Advantest Corp., Daewoo Securities Co. Ltd., OC Oerlikon Corp. AG and Dogan Yayin Holding A.S. are being removed due to the “Early Removal Rule.” The rule is applied when a component in a Dow Jones Country Titans Index is no longer ranked one of the largest companies by float-adjusted market capitalization at the time of a periodic review of component shares and float factors. The Early Removal Rule allows component changes to the Dow Jones Country Titans Indexes to be implemented outside of the index family’s regular annual review in March.
Ceylinco Insurance Co. Ltd. is being removed due to its deletion from the Dow Jones Wilshire Global Index.
In the Dow Jones Utilities Titans 30 Index, Tohoku Electric Power Co. Inc. (Japan, Utilities, 9506.TO) will replace Williams Cos. (United States, WMB). Williams Cos. is being removed from the index due to a change in its Supersector classification from Utilities to Oil & Gas, according to the Industry Classification Benchmark (ICB).
In the Dow Jones Oil & Gas Titans 30 Index, Williams Cos (United States, Oil & Gas, WMB) will replace Talisman Energy Inc. (Canada, Oil & Gas, TLM.T; TLM).
In the Dow Jones Technology Titans 30 Index, FUJIFILM Holdings Corp. (Japan, Technology, 4901.TO; FUJI) will replace Hon Hai Precision Industry Co. Ltd. (Taiwan, 2317.TW). Hon Hai Precision Industry Co. Ltd. is being removed from the index due to a change in its Supersector classification from Technology to Industrial Goods & Services.
In the Dow Jones Industrial Goods & Services Titans 30 Index, Hon Hai Precision Industry Co. Ltd. (Taiwan, Industrial Goods & Servcies,2317.TW) will replace ThyssenKrupp AG (Germany, Industrial Goods & Services, TKA.XE).
D.C.