Stoxx has announced the results of the annual review of the Stoxx Select Dividend Index series and the Stoxx Global Grand Prix Index, as well as the result of the semi-annual review of the Stoxx TMI Growth and Stoxx TMI Value indices, their respective large, mid- and small sub-indices and the respective indices for the euro zone.
All changes will be effective on 18 March 2013.
The Stoxx Maximum Dividend Indices are also part of this regular review.
Effective as of the open of European markets on 18 March 2013, six components will be replaced in the Stoxx Global Select Dividend 100 Index. The index comprises the 100 highest dividend-paying companies in the three regions of the Stoxx Global 1800 Index.
In the European portion of the Stoxx Global Select Dividend 100 Index, the following stocks are being added to and deleted from the index –
Additions:
Royal Dutch Shell B (Great Britain, Oil & Gas)
Balfour Beatty (Great Britain, Construction & Materials)
Total (France, Oil & Gas)
Deletions:
Man GRP (Great Britain, Financial Services)
Deutsche Telekom (Germany, Telecommunications)
Vodafone GRP (Great Britain, Telecommunications)
In the Asia/Pacific portion of the Stoxx Global Select Dividend 100 Index, the following changes will take place –
Additions:
LI & Fung Ltd (Hong Kong, Personal & Household Goods)
Deletions:
Astellas Pharma Inc (Japan, Health Care)
The following stocks are being added to and deleted from the Americas portion of the Stoxx Global Select Dividend 100 Index –
Additions:
Lockheed Martin Corp (US, Industrial Goods & Services)
Seagate Technology Inc (US, Technology)
Deletions:
Ameren Corp (US, Utilities)
Cliffs Natural Resources Inc (US, Basic Resources)
The Euro Stoxx Select Dividend 30 Index measures the 30 highest dividend-paying stocks in the 12 Euro zone countries: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain. The companies that are being added to and deleted from the index are –
Additions:
Vinci (France, Construction & Materials)
Deletions:
Deutsche Telekom (Germany, Telecommunications)
As of 28 February 2013, the dividend yield of the reconstituted Stoxx Global Select Dividend 100 Index decreased to 4.56 per cent from 4.91 per cent. The dividend yield of the Euro Stoxx Select Dividend 30 Index decreased to 4.82 per cent from previously 4.93 per cent.
Changes in the Stoxx Select Dividend Index series are being announced today after the conclusion of a regular annual component review.
The Stoxx Global Grand Prix Index measures the performance of publicly traded companies globally that are supporters or supplies of Formula One teams, including engine manufacturers, tire suppliers, oil/fuel suppliers and title sponsors. Changes in the index are being announced today after the conclusion of a regular annual component review.
Effective on the open of markets on 18 March 2013, the following companies will be added to the Stoxx Global Grand Prix Index –
Additions:
Nissan Motor Co. Ltd. (Japan, Automobiles)
BP (Great Britain, Integrated Oil & Gas)
Deletions:
None
As of 28 February 2013, the total free-float market capitalisation of the reconstituted Stoxx Global Grand Prix Index increased to EUR770.966bn from EUR652.933bn.
Changes in the Stoxx Global Grand Prix Index are being announced after the conclusion of a regular annual component review.
The Stoxx Europe Style Indices include three categories: growth, value and neutral. Effective with the opening of European markets on 18 March 2013, the number of components in the Stoxx Europe TMI Growth Index will increase to 439 from previously 431 components, and the number of components in the Stoxx Europe TMI Value Index will increase to 423 from 405 components.
The three largest components measured by free-float market capitalisation that will be added to and deleted from the Stoxx Europe TMI Growth Index are –
Additions:
Sanofi (France, Health Care)
BASF (Germany, Chemicals)
BHP Billiton (UK, Basic Resources)
Deletions:
Unilever NV (Netherlands, Food & Beverage)
Hennes & Mauritz B (Sweden, Retail)
Rolls Royce Hldg (UK, Industrial Goods & Services)
The three largest companies measured by free-float market capitalisation that will be added to and deleted from the Stoxx Europe TMI Value Index are –
Additions:
BG GRP (UK, Oil & Gas)
Telefonica (Spain, Telecommunications)
Standard Chartered (UK, Banks)
Deletions:
UBS (Switzerland, Banks)
GRP Societe Generale (France, Banks)
Swiss Reinsurance Company (Switzerland, Insurance)
Reasons for component changes in Stoxx Europe TMI Growth and Value indices can be the change of style characteristics of an index component from growth to value, or vice versa, as well as the addition of a component stock as the result of its initial public offering (IPO).
Changes in the Stoxx Europe TMI Growth and STOXX Europe TMI Value indices, its respective large, mid- and small sub-indices as well as the respective indices for the euro zone, are being announced today after the conclusion of a regular semi-annual component review.
The adjusted component weightings, including the number of shares and free-float factors for all reviewed indices will be announced on 8 March 2013 after the close of markets. All changes will be effective as of the open of markets on 18 March 2013. In the case of upcoming mergers and acquisitions occurring until the final implementation date, the composition of the indices may change.
