Dow Jones Indexes has carried out its annual review of the Dow Jones Select MicroCap Index and its semi-annual review of the Dow Jones US Contrarian Opportunities Index.
All changes will be effective after the close of trading on 20 August 2010.
With 153 additions and 194 deletions, the number of components in the Dow Jones Select MicroCap Index will decrease to 217 from 258.
The top five components by free-float market capitalisation that will be added to the index are: Strategic Hotels & Resorts, Modine Manufacturing, Merit Medical Systems, City Holding and Lindsay Corp.
The top five components by free-float market capitalisation that will be deleted from the index are: EV Energy Partners, American Capital Agency, Interface Inc. Class A, Advisory Board and Manhattan Associates.
The free-float market capitalisation of the reconstituted Dow Jones Select MicroCap Index decreased to USD54.09bn from USD66.50bn, based on the close on 12 August 2010.
The Dow Jones Select MicroCap Index tracks the performance of US micro-cap companies listed at the New York Stock Exchange, NYSE Amex and Nasdaq.
With 67 additions and 65 deletions, the number of components in the Dow Jones US Contrarian Opportunities Index will increase to 125 from 123.
The top five components by free-float market capitalisation that will be added to the index are: AT&T, Cisco Systems, Target Corp., Texas Instruments and Corning.
The top five components by free-float market capitalisation that will be deleted from the index are: Comcast, eBay, WellPoint, Dell and Starbucks.
The free-float market capitalisation of the reconstituted Dow Jones US Contrarian Opportunities Index increased to USD726.07bn from USD489.33bn, based on the close on 12 August 2010.
The Dow Jones US Contrarian Opportunities Index, a rules-based tool for benchmarking contrarian investment strategies, is designed to systematically measure the performance of stocks that lag behind the broader market in terms of recent performance, but that outrank their peers based on fundamentals-based and other qualitative criteria. Eligible for selection are stocks in the Dow Jones US Broad Stock Market Index.
