Bringing you live news and features since 2006 

DJ announces results of US Contrarian Opportunities Index review


Dow Jones Indexes has announced the results of the semi-annual review of the Dow Jones US Contrarian Opportunities Index. All changes will be effective after the close of trading on Friday, February 18, 2011.

With 63 additions and 62 deletions, the number of components in the Dow Jones US Contrarian Opportunities Index will increase to 125 from 124. The top five components by free-float market capitalisation that will be added to the index are: Exxon Mobil Corp (United States, Oil and Gas, XOM), Google Inc (United States, Technology, GOOG), Hewlett-Packard Co. (United States, Technology, HPQ), Conoco Phillips (United States, Oil and Gas, COP) and Honeywell International Inc. (United States, Industrials, HON). The top five components by free-float market capitalisation that will be deleted from the index are: AT&T Inc. (United States, Telecommunications, T), Cisco Systems (United States, Technology, CSCO), NetApp Inc. (United States, Technology, NTAP), Coach Inc. (United States, Consumer Goods, COH) and Inc. (United States, Technology, CRM).

The free-float market capitalisation of the reconstituted Dow Jones U.S. Contrarian Opportunities Index increased to USD1.51 trillion from USD861.60 billion, as of February 9, 2011.

The Dow Jones US Contrarian Opportunities Index, a transparent, 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.

The Dow Jones US Contrarian Opportunities Index is equal weighted and reviewed semi-annually in January and July with changes taking effect in February and August, respectively.

Latest News

News came last night from the US that the SEC has approved CBOE’s proposal to list and trade VanEck’s spot..
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...
New research from European ETF provider Tabula Investment Management shows investors are expecting improvements in ESG from the gold mining..

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by