STOXX Limited has announced component changes in the EURO STOXX 50 and STOXX Europe 50 indices due to the fast entry rule; as well as changes to the STOXX North America 50 Index due to the fast exit rule.
Changes in the European indices will become effective with the open of markets on June 18th, 2012, and with the open of markets on June 8th, 2012 for the STOXX North America 50 Index.
EURO STOXX 50 Index:
Additions: ASML HLDG (Netherlands, Technology, ASML.AS)
ESSILOR INTERNATIONAL (France, Healthcare, ESSI.PA)
Deletions: DEUTSCHE BOERSE (Germany, Financial Services, DB1Gn.DE)
TELECOM ITALIA (Italy, Telecommunications, TLIT.MI)
STOXX Europe 50 Index:
Addition: RECKIT BENCKISER GRP (U.K., Personal & Household Goods, RB.L)
Deletion: CREDIT SUISSE GRP (Switzerland, Banks, CSGN.VX)
STOXX North America 50 Index:
Addition: COMCAST CORP. CI A (U.S., Media, CMCSA.OQ)
Deletion: POTASH CORP. OF SASKATCHEWAN I (Canada, Chemicals, POT.TO)
Today’s announcement regarding the component changes in the EURO STOXX 50 and STOXX Europe 50 indices is based on the fast entry rule. Under the fast entry rule, all stocks that rank in the “lower buffer” category of the selection list during the quarterly rebalance will be eligible for fast entry into the respective indices, i.e. those components on rank 40 or higher for the EURO STOXX 50 and STOXX Europe 50 indices. Previously, fast entries were only possible for initial public offering (IPO) companies that ranked among the ”lower buffer” category on the selection list.
Component changes in STOXX North America 50 Index are based on the fast exit rule, which states that a component is deleted from the index if it ranks 75 or below on the respective index’s monthly selection lists for a consecutive period of two months, and replaced by the highest ranking non-component on the monthly selection list. Component changes are announced on the first trading day of the month, implemented on the close of the fifth trading day and effective the next trading day.