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Stoxx launches range of indices for Eastern Europe

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European equity index provider Stoxx has launched an index family measuring the performance of stocks traded in 18 Eastern European countries.

European equity index provider Stoxx has launched an index family measuring the performance of stocks traded in 18 Eastern European countries. The range comprises the Dow Jones Stoxx Eastern Europe Total Market Index, Dow Jones Stoxx Eastern Europe 300 Size, Dow Jones Stoxx Balkan TMI, Dow Jones Stoxx Eastern Europe 50 and Dow Jones Stoxx Sub Balkan 30 indices, as well as 27 sub-indices.

‘The Eastern European countries are growing economies that have delivered competitive returns in recent years,’ says Werner Bürki, chairman of the Stoxx supervisory board. ‘Market participants may tap into these dynamic markets using an index family that offers comparable, transparent and stringent principles.’

The Dow Jones Stoxx Eastern Europe TMI serves as the basis for the 32 indices in the family, covering 95 per cent of the free-float market capitalisation of each of 18 Eastern European countries, Bulgaria, Croatia, Cyprus, the Czech Republic, Estonia, Greece, Hungary, Latvia, Lithuania, Macedonia, Poland, Romania, Russia, Serbia, Slovak Republic, Slovenia, Turkey and Ukraine.

To be eligible for the index, stocks must have been traded on a minimum of 10 days during the previous three months. Daily historical index values are available back to December 31, 2002.

The Dow Jones Stoxx Eastern Europe 300 Size indices comprise the Eastern Europe Large 100, Eastern Europe Mid 100 and Eastern Europe Small 100 indices. Each index includes the 100 largest stocks of its respective size category of the Eastern Europe 300 Index.

Individual stocks’ weightings are capped at 20 per cent of ach index’s total float-adjusted market capitalisation. The Eastern Europe 300 Index serves as the basis for the Dow Jones Stoxx Eastern Europe 300 Supersector indexes. Historical values are available back to December 31, 2004.

The Dow Jones Stoxx Eastern Europe 50 Index is a blue-chip index comprising 50 Supersector leaders in the 18 countries of the Eastern Europe 300 Index. The weight of each country in the index is capped at 50 per cent and each component is capped at 10 per cent. Currently, the index comprises stocks traded in Croatia, Cyprus, the Czech Republic, Greece, Hungary, Poland, Russia, Slovenia and Turkey. Historical values are available back to December 31, 2002.

The Dow Jones Stoxx Balkan TMI covers some 95 per cent of the free-float market capitalisation of eight Balkan countries, Bulgaria, Croatia, Macedonia, Romania, Serbia, Slovenia, Turkey and Greece. To be eligible, stock must have been traded on a minimum of 10 days during the past three months. Historical values are available back to December 31, 2004

The Dow Jones Stoxx Sub Balkan 30 Index comprises 30 Supersector leaders from Croatia, Macedonia, Serbia and Slovenia, and captures around 80 per cent of the free-float market capitalisation of the Sub Balkan TMI, which in turn covers about 95 per cent of the capitalisation of the represented countries. Each component’s weight is capped at 10 per cent of the index. Historical values are available back to December 31, 2004.

The Eastern Europe TMI and its sub-indices are reviewed quarterly in March, June, September and December. The composition of the Eastern Europe 50 Index is reviewed semi-annually in March and September, and the Sub Balkan 30 Index is reviewed annually in September. Price and total return measures are calculated for all the new indices in euros and US dollars.

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