STOXX Ltd., the European index provider, says that effective 1 January 2007, three countries will be added to the pan-European Dow Jones STOXX Index series.
Iceland will be added to the Dow Jones STOXX Total Market Index and its subindexes, such as the Dow Jones STOXX NORDIC Total Market Index. The Dow Jones STOXX Total Market Index measures the performance of stocks in 17 developed European countries. Bulgaria and Romania will be added to the Dow Jones STOXX EU Enlarged Total Market Index. The index measures the performance of stocks in the 10 countries that joined the European Union on 1 May 2004. Bulgaria and Romania will be admitted to the European Union in January 2007.
“The addition of Iceland, Bulgaria and Romania to the Dow Jones STOXX index universe is a reflection of the current market situation and is thus a logical move to better respond to the needs of retail and professional investors worldwide,” says Lars Hamich, the managing director of STOXX Ltd. “This further expansion of the Dow Jones STOXX index universe gives investors a broader access to new markets”.
Icelandic stocks will be eligible for inclusion in the Dow Jones STOXX 600 Index and its respective subindexes during the quarterly review of Q1 2007.