Dow Jones Indexes
Encyclopedia
Dow Jones Indexes was formed in 1997 as an entity within Dow Jones & Co. It is now owned by the CME Group
. It serves as the marketing name of CME Group Indexes, LLC. It produces, maintains, licenses and markets indexes as benchmarks and as the basis of investible products such as exchange traded funds
(ETFs), mutual funds and structured product
s. The company currently has employees in 14 cities worldwide, including Princeton, NJ
, New York, Chicago
, London
, Frankfurt, Singapore, Hong Kong
, Beijing, Mexico City
and Dubai (its latest office).
In 2010, the Company became Dow Jones Indexes, a CME Group
Company.
Dow Jones' best known index is the Dow Jones Industrial Average
, which was created in 1896. The oldest index in use is the Dow Jones Transportation Index, which was created in 1882 by Charles Dow
, founder of The Wall Street Journal
. An index follows a certain market and gives investors a single number to summarize its ups and downs. It is a means by which the world's institutional (and retail) investors can track a market without having to buy the underlying components. It is a convenient way for someone interested in a broad, narrow or extremely narrow group of securities to track them.
Pension funds and other money managers often use indexes as benchmarks. This means that "active" investors (those who pick various securities to buy and hold for their returns) track their own returns against a benchmark index (an index that typifies its market) to see if they are out- or under-performing that market. Investors who do not want to do this (those who buy into indexes or securities that use indexes as their basis) are called "passive" investors. They are known to link their portfolios to the broad market and to not try to outguess conventional market wisdom. Passive investors argue that almost no active investors can beat the overall markets in the long-term.
indexes. Dow Jones Indexes says that all its products are maintained according to clear, unbiased and systematic methodologies that are fully integrated within index families.
DJI and Sustainable Asset Management (SAM), launched the Dow Jones Sustainability Indices
in 1999. These indexes track performance of sustainability-driven companies around the world. There are currently 70 DJSI licensees held by asset managers in 16 countries to manage a variety of financial products, including active and passive funds, certificates and segregated accounts.
DJI partnered with AIG to create the Dow Jones-AIG Commodity Index
. It tracks trades on futures contract
s for physical commodities, like energy (petroleum, gas), precious metal
s (gold, silver), industrial metals (zinc, copper), grains (corn, wheat), livestock (pork bellies
), among others. They are traded in a variety of currencies.
UBS Securities LLC has acquired AIG
Financial Product Corp.'s commodity business as of May 6, 2009. As such, the Dow Jones-AIG Commodity Indexes have been re-branded as the Dow Jones-UBS Commodity Indexes effective May 7, 2009.
The Dow Jones Select Dividend Indexes reflects the performance of leading dividend-yielding stocks. It includes global and regional indexes. It was DJI's first fundamentals-driven index.
Dow Jones Indexes also does "specialty" indexes for specific markets or interests. It has the Dow Jones U.S. Economic Stimulus Index, the Olympic-inspired Dow Jones Summer/Winter Games, the race-car centric Dow Jones Formula 1 Index and the closely followed Dow Jones Luxury Index, among others.
Companies can also request that specific indexes be created to suit their clients' interest or for publicity purposes. This is popular with smaller asset management and public relations firms.
, Inc. (CCX), the world's first and North America's only voluntary, legally binding integrated greenhouse gas
emissions reduction, registry and trading system, announced that Dow Jones Indexes and Sustainable Asset Management had granted CCX a license for the Dow Jones Sustainability World (DJSI World) and Dow Jones Sustainability North America Indexes (DJSI North America). The contracts are listed on CCX's wholly – owned subsidiary Chicago Climate Futures Exchange (CCFE), the world's leading environmental derivatives exchange. They trade emissions credits and DJI makes the indexes that are based on them.
In July 2008, DJI partnered with Brookfield Asset Management
(BAM) to develop the Dow Jones Brookfield Infrastructure Indexes. This index series was designed to serve as benchmarks of companies that own and operate key infrastructure assets, like toll roads, pipelines and ports.
DJI launches an average of one index or index family per week. It often creates an index for a specific event (i.e. Dow Jones 2008 Summer Games Index, launched December 2007), a specific market (Dow Jones Luxury Index, launched June 2008) or a very small market (Dow Jones Cyprus Titans 10 Index). In some instances it cooperates with other entities to create a custom index (Barron’s 400 Index, launched September 2007).
In July 2007, the Iowa Peace officers Retirement System has adopted the Dow Jones Wilshire Index Family (now called the Dow Jones Total Stock Market Indexes; see below). These indexes are popular benchmarks for pension funds looking to minimize risk and market exposure. They used the Dow Jones Wilshire 5000sm (now called the Dow Jones U.S. Total Stock Market Index), to benchmark its equity investment portfolio.
In August 2008, News Corp. Chairman Rupert Murdoch
announced a new worldwide benchmark index – the Global Dow
. It will comprise 150 stocks around the world that will include large companies in established markets, but also rising stars in emerging markets
as well as companies specializing in new technologies. Murdoch made the announcement in Mumbai, India
, emphasizing its global outlook.
Dow Jones Industrial Average historical data (along with several other major indexes) recently became available on a new website, www.djaverages.com. The company also has a widely-read quarterly newsletter called Insights that covers the industry. The current issue as well as back issues are available at http://www.djindexes.com/insights/.
In April 2009, Dow Jones rolled out the Dow Jones Total Stock Market (TSM) Indexes. They were designed to provide comprehensive coverage of the U.S. equity market. It's flagship index was intended to be the Dow Jones U.S. Total Stock Market Index, an all-inclusive measure composed of all U.S. equity securities with readily available prices. It is sliced according to stock-size segment, style and sector to create distinct sub-indexes that track every major segment of the market. DJI claims that the indexes were created and maintained according to an objective and transparent methodology with the fundamental aim of providing reliable, accurate measures of U.S. equity performance.
On June 1, 2009, DJI changed the components of the famous benchmark Dow Jones Industrial Average. It cut Citigroup and GM - both of which were trading at or under $1 per share (and both of which, after receiving Federal bailout money, were practically government wards). They were replaced by insurance giant Travelers and IT pioneer Cisco Systems.
Later that month, Dow Jones Indexes announced a joint marketing agreement with LVA Indices (Chile,) and Proveedor Integral de Precios (PIP) to create a new series of corporate and government fixed income indexes called Dow Jones Latixx Indexes http://www.latixx.com. It started with dozens of Mexican and Chilean bonds, with plans to move into Costa Rica, Peru, Argentina, Brazil, Colombia and Venezuela. If you go to its www.latixx.com website, then go to About Us, and then Video, there is a mini-infomercial in English. The Spanish version of the site has the same video in Spanish. The video is also up on Youtube: http://www.youtube.com/watch?v=rO73d0QdISo.
In February 2010, it added 22 new bonds from Chile and Mexico. In October 2010, it launched Peruvian bond indexes and on June 8, 2011, it added four Costa Rican bond indexes.
Dow Jones Indexes was named Most Innovative ETF Index Provider 2009 for the Americas by exchangetradedfunds.com
In October 2009, the Dow Jones GCC Titans 50 Real Return Index became the basis for the first exchange traded fund (ETF) in the United Arab Emirates (UAE). The licensee is National Bank of Abu Dhabi (NBAD). The index measures the performance of 50 leading component stocks traded in the six Gulf Cooperation Council (GCC) member states: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates. http://www.saudigazette.com.sa/index.cfm?method=home.regcon&contentID=2009101551541
That same month, DJI launched DJIM Greater China Index. It has been licensed to ETFs in Malaysia and other countries.
November 2009: Charles Schwab licensed five Dow Jones Total Stock Market (TSM) Size and Style indexes for exchange traded funds. It is "Chuck's" first proprietary line of ETFs.
In that same month, the Dow Jones Industrial Average was licensed by Simplex Asset Management in Japan to underlie an ETF. This is the first time the DJIA was licensed to a Japanese ETF. It launched in December 2009.
In January 2010, DJI announced that the Dow Jones Corporate Bond Index would serve as the basis of the first fixed-income exchange-traded note (ETN) available in Israel. This was the first time the index has been licensed as the basis for an exchange-traded product globally. The ETN is sponsored by Harel SAL, a subsidiary of Harel Finance, and is available on the Tel Aviv Stock Exchange (TASE).
In addition to the Dow Jones Corporate Bond Index, Dow Jones Indexes licensed the Dow Jones Brazil Titans 20 Index as the basis for an Israeli ETN that was listed at the TASE.
On February 10, 2010, Dow Jones and CME Group announced an agreement to form a joint venture to operate a global financial index services business. The definitive agreement is set to provide for CME Group to own 90% of the venture to which Dow Jones will contribute its Dow Jones Indexes business valued at $675 million. Dow Jones is expected to hold the remaining 10% and retain a key role in the management of the Dow Jones Industrial Average. CME Group will contribute a business which provides certain market data services said to be valued at $607.5 million to the joint venture. The new joint venture will also raise approximately $613 million in third-party debt which will be used to pay a $607.5 million distribution to Dow Jones.
The deal was expected to close in the 1st quarter 2010 since it passed regulatory clearance. http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201003041114dowjonesdjonline000587&title=cme-group-and-dow-jones-receive-clearance-for-index-deal
On March 4, 2010, Dow Jones Indexes signed a memorandum with The Global Fund to Fight AIDs, Tuberculosis and Malaria to explore the creation of a family of indexes that could be licensed as the basis for investment products. The first is expected to be called the Dow Jones Global Fund 50 Index, which would most likely focus on Blue Chip stocks.
Both The Global Fund and Dow Jones Indexes hoped to benefit from this collaboration. The Global Fund wants to further strengthen its engagement with the private sector and bring to bear the power of financial markets to help its efforts around the world. The Global Fund is a leading multilateral financing organization in global health with commitments with more than US$19 billion to date. Dow Jones Indexes intended to add to its range of socially-conscious indexes that will complement its increasingly diverse range of products. http://www.theglobalfund.org/en/pressreleases/?pr=pr_100305
In December 2010, the Dow Jones Global Fund 50 Index was launched, based on 50 large companies that support The Global Fund's activities. It was licensed to db X-trackers, the leading ETF platform of Deutsche Bank, to serve as a basis for a financial product, the db x-trackers Global Fund Supporters ETF. The ETF begins trading today on the Frankfurt stock exchange.
On March 18, 2010, CME Group and Dow Jones Indexes officially launched the new joint venture (JV). CME Group has 90% ownership.
The new JV continued to create new products, such as the Dow Jones Contrarian Opportunities Index, which went live on April 8, 2010. It is a rules-based index that has a “contrarian” investment strategy focusing on companies with strong recent fundamentals but a lagging three-year-trailing return. The index has been licensed to Javelin Investment Management to underlie an exchange-traded fund (ETF) on the NYSE Euronext. It is the only index family that tracks the contrarian investing
strategy.
On March 24, 2010, the Dow Jones UAE 25 Index, which measures the performance of the 25 of the largest and most liquid equity securities trading in the United Arab Emirates (UAE), came into being. It was licensed to National Bank of Abu Dhabi (NBAD) and underlies the first exchange-traded fund (ETF) in the UAE. The NBAD OneShare Dow Jones UAE 25 ETF was to be listed at the Abu Dhabi Stock Exchange as well.
Jamie Farmer was named Executive Director of DJI on April 18, 2010. He had been Senior Director of Global Index Operations and Head of Exchange Relationships.
The Dow Jones RBP Index added four new indexes on May 3, 2010. These indexes track "required business performance" of companies. It has three directional strategy indexes and one fundamentally weighted U.S. market index (Dow Jones RBP U.S. Large-Cap Aggressive Index, the Dow Jones RBP U.S. Large-Cap Defensive Index, and the Dow Jones RBP U.S. Large-Cap Market Index). They were created with Transparent Value, LLC, which is a Guggenheim Partners
company. There is a video explaining the way that the methodology and the indexes work (http://www.djindexes.com/media/?playlist=videos Dow Jones RBP Index video).
In August 2011, a Shari'ah-compliant index was added to the RBP suite.
June 8, 2010 - DJI (now part of CME Group)launches Dow Jones CME FX$INDEX. It serves as the basis of a new futures contract (CME Group is the world leader in derivatives, including futures). The new index combines six currency futures and represents the relative value of the U.S. dollar versus six major currencies (the Australian dollar, British pound, Canadian dollar, Euro, Japanese yen, and Swiss franc).
The Dow Jones Long-Term Inflation Indexes were launched in July 2010. They measure Treasurys and TIPS to gauge the market's expectations on inflation. The indexes measure the difference between futures on 30 year TIPS and Ultra-Long bonds. They were chosen for their length, transparency and liquidity, according to the company's press release. They were developed in cooperation with Credit Suisse.
The company has a long history in sustainability indexing for socially conscious investors. That continued with the launch of the Dow Jones Sustainability Europe on September 9, 2010. They were made to complement the global Dow Jones Sustainability index series. They include broad benchmark as well as blue chip indexes for Europe and the Euro zone. They were made together with long time collaborator Sustainable Asset Management. The top five components of the index are Nestle S.A., HSBC Holdings PLC (UK Reg), Novartis AG, Total S.A. and Banco Santander S.A.
On September 14, 2010, the company came out with the Dow Jones Emerging Markets Consumer Titans 30 Index, which measures the performance of 30 leading consumer goods and consumer service companies in emerging markets. This is important as consumer spending is considered a leading indicator in markets and the broader economy. The index was licensed to Emerging Global Advisors, LLC and will serve as a basis for an exchange-traded fund (ETF), to be listed on NYSE Arca. It is called the EGShares Emerging Markets Consumer ETF - the first emerging market ETF focused on consumer trends in the developing world.
On October 7, 2010, Dow Jones Indexes the Dow Jones MENA (Middle East/North Africa) Broad Stock Market and Dow Jones Saudi Titans 30 Indexes.
The Dow Jones U.S. Venture Capital Index is launched with partner firm Sand Hill Econometrics. It is the first index that tracks the venture capital market, not just publicly-traded stocks that started as venture capital-funded start-ups. It follows companies with VC funding, including shut-downs and buyouts. It came out on October 28, 2010.
November 17, 2010, Dow Jones Indexes announces the Dow Jones Golden Crossover U.S. Large-Cap Total Stock Market Index, the first index within the Dow Jones Golden Crossover Indexes family.
November 30 of that year - SAM and Dow Jones Indexes launch the Dow Jones Sustainability Nordic Index (DJSI Nordic).
On December 20, 2010, DJI announced a new country classification system that will apply to all countries covered in its major index families. The implementation of the new system was set to begin in March 2011. Countries would be separated into "Developed," "Emerging," and "Frontier" markets. http://press.djindexes.com/index.php/dow-jones-indexes-to-introduce-a-new-country-classification-system/
January 19, 2011 - Licensed Dow Jones U.S. Mid-Cap Total Stock Market Index and the Dow Jones U.S. Select REIT Index to Charles Schwab in an expansion of Schwab’s proprietary exchange-traded funds (ETFs) platform. Schwab U.S. REIT ETF™ (SCHH) and the Schwab U.S. Mid-Cap ETF™ (SCHM), both of which began trading in January 2011, on NYSE Arca.
February 22, 2011 - They launched the Dow Jones Islamic Market Global Finance & Takaful Index, which measures the performance of financial services stocks that pass rules-based screens for Shari’ah compliance. (Insurance stocks that pass such screens are known as Takaful.)
February 28, 2011- iShares (a long-time licensor of Dow Jones Indexes products) created two equity sustainability-based ETFs based on Dow Jones Sustainability World Enlarged ex All/AE Index and the Dow Jones Sustainability Europe ex All/AE Index.
March 1, 2011 - Company launched Dow Jones Brookfield Emerging Markets Infrastructure Index with partner Brookfield Asset Management. It tracks builders and owners/operators of property, power and infrastructure assets in developing nations.
To celebrate the 115th anniversary of the Dow Jones Industrial Average, Editor and Executive Director John Prestbo led a panel discussion for a media audience at NYSSA. The event took place May 11, 2011. http://www.djindexes.com/media/?playlist=press-events
The City of New York also declared the day to be "Dow Jones Industrial Average Day."
On May 4th of that year, the company worked with forex trading company FXCM to design the Dow Jones FXCM Dollar Index. It weighs the US dollar against a basket of the four currencies against which it trades the most: the euro, the British pound, the Japanese yen and the Australian dollar.
June 2011- DJI launches Dow Jones Europe Titans 80 and Dow Jones Eurozone Titans 80 Indexes. They have blue chip companies from Western Europe. The latter includes only Eurozone countries while the former includes UK, Switzerland and other non-Eurozone countries. In September, they launched volatility risk-control versions of these indexes as well as the Dow Jones BRIC 50 Volatility Risk Control Indexes.
July 27, 2011 - The Dow Jones Global Shipping Index is launched. It tracks 25 top dividend-paying companies in global shipping.
On August 8, 2011, the company worked with UBS to Dow Jones-UBS Roll Select Commodity Index. It seeks to mitigate effects of contango and backwardation in commodities indexing and investing.
On September 7, 2011, FFCM LLC’s QuantShares family of seven exchange-traded funds (ETFs) licensed all seven indexes from the Dow Jones U.S. Thematic Market Neutral Indexes series.
Later that month, Dow Jones Indexes and BBVA jointly launched the Dow Jones BBVA EAGLEs Indexes series, which initially includes two market gauges each designed to measure the stock performance of 50 leading companies in emerging and growth-leading economies (EAGLEs). The first set of EAGLEs included China, Indonesia, India, South Korea, Mexico, Taiwan, Brazil, Russia, Turkey and Egypt.
The company announced two global versions of The Dow on October 18, 2011: The Europe Dow and The Asia Dow. Each will be made up of 30 well-known, sought after and admired companies in each region. The Europe index only includes Western European countries and the Asia index includes Japan alongside China, Taiwan, Hong Kong and others.
-CERT Award for Excellence in Islamic Finance (2004)
-Deloitte/KLIFF (Kuala Lumpur Islamic Finance Forum) Award for Special Contribution to Islamic Finance (2005)
-Failaka Islamic Fund Award for Best Contribution & Development to Islamic Funds (2005)
-Contribution to Islamic Capital Market Development (IIFF, 2006)
-Sh. Mohammed Rashid Bin Makhtoum Award for Contribution by Western Institution to Islamic Finance (2006)
-American Muslim Achievement Award (Islamic Center of Southern California, 2006)
-Best Individual Contribution to Islamic Finance (KLIFF, 2007)
-April 2006 - Dow Jones Indexes won Failaka Islamic Fund Awards 2005 for the Best Contribution to Growth & Development of Islamic Funds.
-November 2006 - Dow Jones Indexes was named "Index Provider of the Year, Asia" by the U.K.-based magazine Structured Products and based on the votes of an independent judging panel. The award recognizes Dow Jones Indexes' work in the index field.
-December 2007 - Dow Jones Indexes won the "Best Islamic Index Provider" category of the inaugural Master of Islamic Finance Awards by Terrapin Ltd. The award recognized the wide market acceptance of the Dow Jones Islamic Market Index series and Dow Jones Indexes’ leadership and commitment to providing benchmarks for Shari’ah-compliant stocks and bonds.
-June 2008 - Dow Jones Indexes was named the "Most Innovative ETF Index Provider of 2007" for the Americas at the 4th annual Global ETF Awards hosted by Exchangetradedfunds.com. Dow Jones Indexes won on the basis of unique index offerings such as the Dow Jones Islamic Market Indexes and Dow Jones – AIG Commodity Indexes.
-June 2008 - Dow Jones Indexes won two awards for its Dow Jones Islamic Market Index Family. Global Finance magazine named the global index provider "Best Shari'ah – Compliant Index Provider". The award will be conferred during an awards ceremony on October 13, 2008 at the National Press Center in Washington. Furthermore, Dow Jones Indexes received the "Global Recognition for a Financial Institution Award". The award was presented at the International Islamic Finance Forum in Dubai.
-December 2008 - Named "Most Outstanding Islamic Index Provider of the Year" at the 5th KLIFF Islamic Finance Awards 2008 held in Kuala Lumpur, Malaysia.
-January 2009 - Named the "Best Islamic Index Provider" by Islamic Finance News. The selection was made by a record 1,502 Islamic finance professionals worldwide.
-April 2009 - Named "Best Shari'ah-Compliant Index Provider" by Global Finance magazine for the second consecutive year.[6]
-June 2009 - Dow Jones Indexes was named Most Innovative ETF Index Provider 2009 for the Americas by exchangetradedfunds.com (web site of the Chicago Board Options Exchange). [www.exchangetradedfunds.com]
-December 2009- Named "Best Index Provider Shari'ah compliant Indexes" by Dubai-based Islamic Business & Finance magazine.
-January 2010- Named “Best Islamic Index Provider” in the Islamic Finance News (IFN) award poll for the third consecutive year.
-January 2010 - Asia Asset Management Awards 2009 names DJI winner of Index Provider of the Year in Asia.
-January 2010 - Wins "Index Provider of the Year in Asia" by Asian Asset Management magazine.
-May 2010 - Named "Best Shari'ah-Compliant Index Provider" by Global Finance magazine for the third consecutive year.
-August 2010 - Winner of KLIFF "Most Outstanding Islamic Index Provider" award
-September 2010- Named "Best Index Provider" by Asset Triple A Investment Awards (called "Asia’s defining recognition for excellence for the leading investment and financial institutions in the industry"). [7]
-November 1, 2010 - Dow Jones Indexes Named Best Islamic Index Provider In Islamic Finance News (IFN) Award Poll.
-December 2010 - Named "Best Index Provider, Shari’ah-Compliant Indexes," by Islamic Business & Finance for 2010.
-January 21, 2011- Wins "Best Islamic Index Provider" at 5th annual Islamic Business and Finance Awards.
-January 31, 2011 - Wins “Islamic Index Provider of the Year in Asia” at the Asia Asset Management Awards.
-April 2011- Winner of "Best Shari'ah-Compliant Index Provider" (Global Finance, 2011).
CME Group
The CME Group bases prices for US gasoline on Brent Crude rather than West Texas Intermediate Crude , which many believe is responsible for artificially high gas prices for US consumers...
. It serves as the marketing name of CME Group Indexes, LLC. It produces, maintains, licenses and markets indexes as benchmarks and as the basis of investible products such as exchange traded funds
Exchange-traded fund
An exchange-traded fund is an investment fund traded on stock exchanges, much like stocks. An ETF holds assets such as stocks, commodities, or bonds, and trades close to its net asset value over the course of the trading day. Most ETFs track an index, such as the S&P 500 or MSCI EAFE...
(ETFs), mutual funds and structured product
Structured product
In finance, a structured product, also known as a market linked investment, is generally a pre-packaged investment strategy based on derivatives, such as a single security, a basket of securities, options, indices, commodities, debt issuance and/or foreign currencies, and to a lesser extent, swaps...
s. The company currently has employees in 14 cities worldwide, including Princeton, NJ
Princeton, New Jersey
Princeton is a community located in Mercer County, New Jersey, United States. It is best known as the location of Princeton University, which has been sited in the community since 1756...
, New York, Chicago
Chicago
Chicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...
, London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
, Frankfurt, Singapore, Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
, Beijing, Mexico City
Mexico City
Mexico City is the Federal District , capital of Mexico and seat of the federal powers of the Mexican Union. It is a federal entity within Mexico which is not part of any one of the 31 Mexican states but belongs to the federation as a whole...
and Dubai (its latest office).
In 2010, the Company became Dow Jones Indexes, a CME Group
CME Group
The CME Group bases prices for US gasoline on Brent Crude rather than West Texas Intermediate Crude , which many believe is responsible for artificially high gas prices for US consumers...
Company.
Dow Jones' best known index is the Dow Jones Industrial Average
Dow Jones Industrial Average
The Dow Jones Industrial Average , also called the Industrial Average, the Dow Jones, the Dow 30, or simply the Dow, is a stock market index, and one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow...
, which was created in 1896. The oldest index in use is the Dow Jones Transportation Index, which was created in 1882 by Charles Dow
Charles Dow
Charles Henry Dow was an American journalist who co-founded Dow Jones & Company with Edward Jones and Charles Bergstresser....
, founder of The Wall Street Journal
The Wall Street Journal
The Wall Street Journal is an American English-language international daily newspaper. It is published in New York City by Dow Jones & Company, a division of News Corporation, along with the Asian and European editions of the Journal....
. An index follows a certain market and gives investors a single number to summarize its ups and downs. It is a means by which the world's institutional (and retail) investors can track a market without having to buy the underlying components. It is a convenient way for someone interested in a broad, narrow or extremely narrow group of securities to track them.
Pension funds and other money managers often use indexes as benchmarks. This means that "active" investors (those who pick various securities to buy and hold for their returns) track their own returns against a benchmark index (an index that typifies its market) to see if they are out- or under-performing that market. Investors who do not want to do this (those who buy into indexes or securities that use indexes as their basis) are called "passive" investors. They are known to link their portfolios to the broad market and to not try to outguess conventional market wisdom. Passive investors argue that almost no active investors can beat the overall markets in the long-term.
Indexes
The DJI has over 130,000 indexes, though a lot of these are not used by many people. Most are equity (stock) indexes, but also fixed-income, futures, options, private equity, commodity, currency and other alternative asset classAsset allocation
Asset allocation is an investment strategy that attempts to balance risk versus reward by adjusting the percentage of each asset in an investment portfolio according to the investors risk tolerance, goals and investment time frame.-Description:...
indexes. Dow Jones Indexes says that all its products are maintained according to clear, unbiased and systematic methodologies that are fully integrated within index families.
DJI and Sustainable Asset Management (SAM), launched the Dow Jones Sustainability Indices
Dow Jones Sustainability Index
Launched in September 1999, the Dow Jones Sustainability Indexes are a family of indexes evaluating the performance of the world’s leaders in sustainability. They are the longest-running global sustainability benchmarks worldwide and have become the key reference point in Sustainability Investing...
in 1999. These indexes track performance of sustainability-driven companies around the world. There are currently 70 DJSI licensees held by asset managers in 16 countries to manage a variety of financial products, including active and passive funds, certificates and segregated accounts.
DJI partnered with AIG to create the Dow Jones-AIG Commodity Index
Dow Jones-AIG Commodity Index
The Dow Jones-UBS Commodity Index DJ-UBSCI is a broadly diversified index that allows investors to track commodity futures through a single, simple measure....
. It tracks trades on futures contract
Futures contract
In finance, a futures contract is a standardized contract between two parties to exchange a specified asset of standardized quantity and quality for a price agreed today with delivery occurring at a specified future date, the delivery date. The contracts are traded on a futures exchange...
s for physical commodities, like energy (petroleum, gas), precious metal
Precious metal
A precious metal is a rare, naturally occurring metallic chemical element of high economic value.Chemically, the precious metals are less reactive than most elements, have high lustre, are softer or more ductile, and have higher melting points than other metals...
s (gold, silver), industrial metals (zinc, copper), grains (corn, wheat), livestock (pork bellies
Pork belly
Pork belly is a boneless cut of fatty meat derived from the belly of a pig. Pork belly is popular in Asian cuisine, and forms a part of many traditional European dishes such as the Alsatian Choucroute garnie, the Swiss Berner Platte, and the German Schlachtplatte...
), among others. They are traded in a variety of currencies.
UBS Securities LLC has acquired AIG
AIG
AIG is American International Group, a major American insurance corporation.AIG may also refer to:* And-inverter graph, a concept in computer theory* Answers in Genesis, a creationist organization in the U.S.* Arta Industrial Group in Iran...
Financial Product Corp.'s commodity business as of May 6, 2009. As such, the Dow Jones-AIG Commodity Indexes have been re-branded as the Dow Jones-UBS Commodity Indexes effective May 7, 2009.
The Dow Jones Select Dividend Indexes reflects the performance of leading dividend-yielding stocks. It includes global and regional indexes. It was DJI's first fundamentals-driven index.
Dow Jones Indexes also does "specialty" indexes for specific markets or interests. It has the Dow Jones U.S. Economic Stimulus Index, the Olympic-inspired Dow Jones Summer/Winter Games, the race-car centric Dow Jones Formula 1 Index and the closely followed Dow Jones Luxury Index, among others.
Companies can also request that specific indexes be created to suit their clients' interest or for publicity purposes. This is popular with smaller asset management and public relations firms.
Recent history
In March 2008, Chicago Climate ExchangeChicago Climate Exchange
The now defunct Chicago Climate Exchange was North America’s only voluntary, legally binding greenhouse gas reduction and trading system for emission sources and offset projects in North America and Brazil....
, Inc. (CCX), the world's first and North America's only voluntary, legally binding integrated greenhouse gas
Greenhouse gas
A greenhouse gas is a gas in an atmosphere that absorbs and emits radiation within the thermal infrared range. This process is the fundamental cause of the greenhouse effect. The primary greenhouse gases in the Earth's atmosphere are water vapor, carbon dioxide, methane, nitrous oxide, and ozone...
emissions reduction, registry and trading system, announced that Dow Jones Indexes and Sustainable Asset Management had granted CCX a license for the Dow Jones Sustainability World (DJSI World) and Dow Jones Sustainability North America Indexes (DJSI North America). The contracts are listed on CCX's wholly – owned subsidiary Chicago Climate Futures Exchange (CCFE), the world's leading environmental derivatives exchange. They trade emissions credits and DJI makes the indexes that are based on them.
In July 2008, DJI partnered with Brookfield Asset Management
Brookfield Asset Management
Brookfield Asset Management Inc. is a Toronto, Ontario-based asset management company that manages a global portfolio of assets valued at over $150 billion...
(BAM) to develop the Dow Jones Brookfield Infrastructure Indexes. This index series was designed to serve as benchmarks of companies that own and operate key infrastructure assets, like toll roads, pipelines and ports.
DJI launches an average of one index or index family per week. It often creates an index for a specific event (i.e. Dow Jones 2008 Summer Games Index, launched December 2007), a specific market (Dow Jones Luxury Index, launched June 2008) or a very small market (Dow Jones Cyprus Titans 10 Index). In some instances it cooperates with other entities to create a custom index (Barron’s 400 Index, launched September 2007).
In July 2007, the Iowa Peace officers Retirement System has adopted the Dow Jones Wilshire Index Family (now called the Dow Jones Total Stock Market Indexes; see below). These indexes are popular benchmarks for pension funds looking to minimize risk and market exposure. They used the Dow Jones Wilshire 5000sm (now called the Dow Jones U.S. Total Stock Market Index), to benchmark its equity investment portfolio.
In August 2008, News Corp. Chairman Rupert Murdoch
Rupert Murdoch
Keith Rupert Murdoch, AC, KSG is an Australian-American business magnate. He is the founder and Chairman and CEO of , the world's second-largest media conglomerate....
announced a new worldwide benchmark index – the Global Dow
The Global Dow
The Global Dow is a 150-stock index of corporations from around the world, created by Dow Jones & Company. Only blue-chip stocks are included in the index....
. It will comprise 150 stocks around the world that will include large companies in established markets, but also rising stars in emerging markets
Emerging markets
Emerging markets are nations with social or business activity in the process of rapid growth and industrialization. Based on data from 2006, there are around 28 emerging markets in the world . The economies of China and India are considered to be the largest...
as well as companies specializing in new technologies. Murdoch made the announcement in Mumbai, India
Mumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
, emphasizing its global outlook.
Dow Jones Industrial Average historical data (along with several other major indexes) recently became available on a new website, www.djaverages.com. The company also has a widely-read quarterly newsletter called Insights that covers the industry. The current issue as well as back issues are available at http://www.djindexes.com/insights/.
In April 2009, Dow Jones rolled out the Dow Jones Total Stock Market (TSM) Indexes. They were designed to provide comprehensive coverage of the U.S. equity market. It's flagship index was intended to be the Dow Jones U.S. Total Stock Market Index, an all-inclusive measure composed of all U.S. equity securities with readily available prices. It is sliced according to stock-size segment, style and sector to create distinct sub-indexes that track every major segment of the market. DJI claims that the indexes were created and maintained according to an objective and transparent methodology with the fundamental aim of providing reliable, accurate measures of U.S. equity performance.
On June 1, 2009, DJI changed the components of the famous benchmark Dow Jones Industrial Average. It cut Citigroup and GM - both of which were trading at or under $1 per share (and both of which, after receiving Federal bailout money, were practically government wards). They were replaced by insurance giant Travelers and IT pioneer Cisco Systems.
Later that month, Dow Jones Indexes announced a joint marketing agreement with LVA Indices (Chile,) and Proveedor Integral de Precios (PIP) to create a new series of corporate and government fixed income indexes called Dow Jones Latixx Indexes http://www.latixx.com. It started with dozens of Mexican and Chilean bonds, with plans to move into Costa Rica, Peru, Argentina, Brazil, Colombia and Venezuela. If you go to its www.latixx.com website, then go to About Us, and then Video, there is a mini-infomercial in English. The Spanish version of the site has the same video in Spanish. The video is also up on Youtube: http://www.youtube.com/watch?v=rO73d0QdISo.
In February 2010, it added 22 new bonds from Chile and Mexico. In October 2010, it launched Peruvian bond indexes and on June 8, 2011, it added four Costa Rican bond indexes.
Dow Jones Indexes was named Most Innovative ETF Index Provider 2009 for the Americas by exchangetradedfunds.com
In October 2009, the Dow Jones GCC Titans 50 Real Return Index became the basis for the first exchange traded fund (ETF) in the United Arab Emirates (UAE). The licensee is National Bank of Abu Dhabi (NBAD). The index measures the performance of 50 leading component stocks traded in the six Gulf Cooperation Council (GCC) member states: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates. http://www.saudigazette.com.sa/index.cfm?method=home.regcon&contentID=2009101551541
That same month, DJI launched DJIM Greater China Index. It has been licensed to ETFs in Malaysia and other countries.
November 2009: Charles Schwab licensed five Dow Jones Total Stock Market (TSM) Size and Style indexes for exchange traded funds. It is "Chuck's" first proprietary line of ETFs.
In that same month, the Dow Jones Industrial Average was licensed by Simplex Asset Management in Japan to underlie an ETF. This is the first time the DJIA was licensed to a Japanese ETF. It launched in December 2009.
In January 2010, DJI announced that the Dow Jones Corporate Bond Index would serve as the basis of the first fixed-income exchange-traded note (ETN) available in Israel. This was the first time the index has been licensed as the basis for an exchange-traded product globally. The ETN is sponsored by Harel SAL, a subsidiary of Harel Finance, and is available on the Tel Aviv Stock Exchange (TASE).
In addition to the Dow Jones Corporate Bond Index, Dow Jones Indexes licensed the Dow Jones Brazil Titans 20 Index as the basis for an Israeli ETN that was listed at the TASE.
On February 10, 2010, Dow Jones and CME Group announced an agreement to form a joint venture to operate a global financial index services business. The definitive agreement is set to provide for CME Group to own 90% of the venture to which Dow Jones will contribute its Dow Jones Indexes business valued at $675 million. Dow Jones is expected to hold the remaining 10% and retain a key role in the management of the Dow Jones Industrial Average. CME Group will contribute a business which provides certain market data services said to be valued at $607.5 million to the joint venture. The new joint venture will also raise approximately $613 million in third-party debt which will be used to pay a $607.5 million distribution to Dow Jones.
The deal was expected to close in the 1st quarter 2010 since it passed regulatory clearance. http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201003041114dowjonesdjonline000587&title=cme-group-and-dow-jones-receive-clearance-for-index-deal
On March 4, 2010, Dow Jones Indexes signed a memorandum with The Global Fund to Fight AIDs, Tuberculosis and Malaria to explore the creation of a family of indexes that could be licensed as the basis for investment products. The first is expected to be called the Dow Jones Global Fund 50 Index, which would most likely focus on Blue Chip stocks.
Both The Global Fund and Dow Jones Indexes hoped to benefit from this collaboration. The Global Fund wants to further strengthen its engagement with the private sector and bring to bear the power of financial markets to help its efforts around the world. The Global Fund is a leading multilateral financing organization in global health with commitments with more than US$19 billion to date. Dow Jones Indexes intended to add to its range of socially-conscious indexes that will complement its increasingly diverse range of products. http://www.theglobalfund.org/en/pressreleases/?pr=pr_100305
In December 2010, the Dow Jones Global Fund 50 Index was launched, based on 50 large companies that support The Global Fund's activities. It was licensed to db X-trackers, the leading ETF platform of Deutsche Bank, to serve as a basis for a financial product, the db x-trackers Global Fund Supporters ETF. The ETF begins trading today on the Frankfurt stock exchange.
On March 18, 2010, CME Group and Dow Jones Indexes officially launched the new joint venture (JV). CME Group has 90% ownership.
The new JV continued to create new products, such as the Dow Jones Contrarian Opportunities Index, which went live on April 8, 2010. It is a rules-based index that has a “contrarian” investment strategy focusing on companies with strong recent fundamentals but a lagging three-year-trailing return. The index has been licensed to Javelin Investment Management to underlie an exchange-traded fund (ETF) on the NYSE Euronext. It is the only index family that tracks the contrarian investing
Contrarian investing
In finance, a contrarian is one who attempts to profit by investing in a manner that differs from the conventional wisdom, when the consensus opinion appears to be wrong....
strategy.
On March 24, 2010, the Dow Jones UAE 25 Index, which measures the performance of the 25 of the largest and most liquid equity securities trading in the United Arab Emirates (UAE), came into being. It was licensed to National Bank of Abu Dhabi (NBAD) and underlies the first exchange-traded fund (ETF) in the UAE. The NBAD OneShare Dow Jones UAE 25 ETF was to be listed at the Abu Dhabi Stock Exchange as well.
Jamie Farmer was named Executive Director of DJI on April 18, 2010. He had been Senior Director of Global Index Operations and Head of Exchange Relationships.
The Dow Jones RBP Index added four new indexes on May 3, 2010. These indexes track "required business performance" of companies. It has three directional strategy indexes and one fundamentally weighted U.S. market index (Dow Jones RBP U.S. Large-Cap Aggressive Index, the Dow Jones RBP U.S. Large-Cap Defensive Index, and the Dow Jones RBP U.S. Large-Cap Market Index). They were created with Transparent Value, LLC, which is a Guggenheim Partners
Guggenheim Partners
Guggenheim Partners, LLC is a privately held, diversified financial services firm that engages in investment banking, capital markets services, investment management, and investment advisory. The firm is headquartered in Chicago and New York with over 1,400 professionals located in 20 cities...
company. There is a video explaining the way that the methodology and the indexes work (http://www.djindexes.com/media/?playlist=videos Dow Jones RBP Index video).
In August 2011, a Shari'ah-compliant index was added to the RBP suite.
June 8, 2010 - DJI (now part of CME Group)launches Dow Jones CME FX$INDEX. It serves as the basis of a new futures contract (CME Group is the world leader in derivatives, including futures). The new index combines six currency futures and represents the relative value of the U.S. dollar versus six major currencies (the Australian dollar, British pound, Canadian dollar, Euro, Japanese yen, and Swiss franc).
The Dow Jones Long-Term Inflation Indexes were launched in July 2010. They measure Treasurys and TIPS to gauge the market's expectations on inflation. The indexes measure the difference between futures on 30 year TIPS and Ultra-Long bonds. They were chosen for their length, transparency and liquidity, according to the company's press release. They were developed in cooperation with Credit Suisse.
The company has a long history in sustainability indexing for socially conscious investors. That continued with the launch of the Dow Jones Sustainability Europe on September 9, 2010. They were made to complement the global Dow Jones Sustainability index series. They include broad benchmark as well as blue chip indexes for Europe and the Euro zone. They were made together with long time collaborator Sustainable Asset Management. The top five components of the index are Nestle S.A., HSBC Holdings PLC (UK Reg), Novartis AG, Total S.A. and Banco Santander S.A.
On September 14, 2010, the company came out with the Dow Jones Emerging Markets Consumer Titans 30 Index, which measures the performance of 30 leading consumer goods and consumer service companies in emerging markets. This is important as consumer spending is considered a leading indicator in markets and the broader economy. The index was licensed to Emerging Global Advisors, LLC and will serve as a basis for an exchange-traded fund (ETF), to be listed on NYSE Arca. It is called the EGShares Emerging Markets Consumer ETF - the first emerging market ETF focused on consumer trends in the developing world.
On October 7, 2010, Dow Jones Indexes the Dow Jones MENA (Middle East/North Africa) Broad Stock Market and Dow Jones Saudi Titans 30 Indexes.
The Dow Jones U.S. Venture Capital Index is launched with partner firm Sand Hill Econometrics. It is the first index that tracks the venture capital market, not just publicly-traded stocks that started as venture capital-funded start-ups. It follows companies with VC funding, including shut-downs and buyouts. It came out on October 28, 2010.
November 17, 2010, Dow Jones Indexes announces the Dow Jones Golden Crossover U.S. Large-Cap Total Stock Market Index, the first index within the Dow Jones Golden Crossover Indexes family.
November 30 of that year - SAM and Dow Jones Indexes launch the Dow Jones Sustainability Nordic Index (DJSI Nordic).
On December 20, 2010, DJI announced a new country classification system that will apply to all countries covered in its major index families. The implementation of the new system was set to begin in March 2011. Countries would be separated into "Developed," "Emerging," and "Frontier" markets. http://press.djindexes.com/index.php/dow-jones-indexes-to-introduce-a-new-country-classification-system/
January 19, 2011 - Licensed Dow Jones U.S. Mid-Cap Total Stock Market Index and the Dow Jones U.S. Select REIT Index to Charles Schwab in an expansion of Schwab’s proprietary exchange-traded funds (ETFs) platform. Schwab U.S. REIT ETF™ (SCHH) and the Schwab U.S. Mid-Cap ETF™ (SCHM), both of which began trading in January 2011, on NYSE Arca.
February 22, 2011 - They launched the Dow Jones Islamic Market Global Finance & Takaful Index, which measures the performance of financial services stocks that pass rules-based screens for Shari’ah compliance. (Insurance stocks that pass such screens are known as Takaful.)
February 28, 2011- iShares (a long-time licensor of Dow Jones Indexes products) created two equity sustainability-based ETFs based on Dow Jones Sustainability World Enlarged ex All/AE Index and the Dow Jones Sustainability Europe ex All/AE Index.
March 1, 2011 - Company launched Dow Jones Brookfield Emerging Markets Infrastructure Index with partner Brookfield Asset Management. It tracks builders and owners/operators of property, power and infrastructure assets in developing nations.
To celebrate the 115th anniversary of the Dow Jones Industrial Average, Editor and Executive Director John Prestbo led a panel discussion for a media audience at NYSSA. The event took place May 11, 2011. http://www.djindexes.com/media/?playlist=press-events
The City of New York also declared the day to be "Dow Jones Industrial Average Day."
On May 4th of that year, the company worked with forex trading company FXCM to design the Dow Jones FXCM Dollar Index. It weighs the US dollar against a basket of the four currencies against which it trades the most: the euro, the British pound, the Japanese yen and the Australian dollar.
June 2011- DJI launches Dow Jones Europe Titans 80 and Dow Jones Eurozone Titans 80 Indexes. They have blue chip companies from Western Europe. The latter includes only Eurozone countries while the former includes UK, Switzerland and other non-Eurozone countries. In September, they launched volatility risk-control versions of these indexes as well as the Dow Jones BRIC 50 Volatility Risk Control Indexes.
July 27, 2011 - The Dow Jones Global Shipping Index is launched. It tracks 25 top dividend-paying companies in global shipping.
On August 8, 2011, the company worked with UBS to Dow Jones-UBS Roll Select Commodity Index. It seeks to mitigate effects of contango and backwardation in commodities indexing and investing.
On September 7, 2011, FFCM LLC’s QuantShares family of seven exchange-traded funds (ETFs) licensed all seven indexes from the Dow Jones U.S. Thematic Market Neutral Indexes series.
Later that month, Dow Jones Indexes and BBVA jointly launched the Dow Jones BBVA EAGLEs Indexes series, which initially includes two market gauges each designed to measure the stock performance of 50 leading companies in emerging and growth-leading economies (EAGLEs). The first set of EAGLEs included China, Indonesia, India, South Korea, Mexico, Taiwan, Brazil, Russia, Turkey and Egypt.
The company announced two global versions of The Dow on October 18, 2011: The Europe Dow and The Asia Dow. Each will be made up of 30 well-known, sought after and admired companies in each region. The Europe index only includes Western European countries and the Asia index includes Japan alongside China, Taiwan, Hong Kong and others.
Awards
-Sh. Mohammed Rashid Bin Makhtoum Award for Innovation in Islamic Finance (2003)-CERT Award for Excellence in Islamic Finance (2004)
-Deloitte/KLIFF (Kuala Lumpur Islamic Finance Forum) Award for Special Contribution to Islamic Finance (2005)
-Failaka Islamic Fund Award for Best Contribution & Development to Islamic Funds (2005)
-Contribution to Islamic Capital Market Development (IIFF, 2006)
-Sh. Mohammed Rashid Bin Makhtoum Award for Contribution by Western Institution to Islamic Finance (2006)
-American Muslim Achievement Award (Islamic Center of Southern California, 2006)
-Best Individual Contribution to Islamic Finance (KLIFF, 2007)
-April 2006 - Dow Jones Indexes won Failaka Islamic Fund Awards 2005 for the Best Contribution to Growth & Development of Islamic Funds.
-November 2006 - Dow Jones Indexes was named "Index Provider of the Year, Asia" by the U.K.-based magazine Structured Products and based on the votes of an independent judging panel. The award recognizes Dow Jones Indexes' work in the index field.
-December 2007 - Dow Jones Indexes won the "Best Islamic Index Provider" category of the inaugural Master of Islamic Finance Awards by Terrapin Ltd. The award recognized the wide market acceptance of the Dow Jones Islamic Market Index series and Dow Jones Indexes’ leadership and commitment to providing benchmarks for Shari’ah-compliant stocks and bonds.
-June 2008 - Dow Jones Indexes was named the "Most Innovative ETF Index Provider of 2007" for the Americas at the 4th annual Global ETF Awards hosted by Exchangetradedfunds.com. Dow Jones Indexes won on the basis of unique index offerings such as the Dow Jones Islamic Market Indexes and Dow Jones – AIG Commodity Indexes.
-June 2008 - Dow Jones Indexes won two awards for its Dow Jones Islamic Market Index Family. Global Finance magazine named the global index provider "Best Shari'ah – Compliant Index Provider". The award will be conferred during an awards ceremony on October 13, 2008 at the National Press Center in Washington. Furthermore, Dow Jones Indexes received the "Global Recognition for a Financial Institution Award". The award was presented at the International Islamic Finance Forum in Dubai.
-December 2008 - Named "Most Outstanding Islamic Index Provider of the Year" at the 5th KLIFF Islamic Finance Awards 2008 held in Kuala Lumpur, Malaysia.
-January 2009 - Named the "Best Islamic Index Provider" by Islamic Finance News. The selection was made by a record 1,502 Islamic finance professionals worldwide.
-April 2009 - Named "Best Shari'ah-Compliant Index Provider" by Global Finance magazine for the second consecutive year.[6]
-June 2009 - Dow Jones Indexes was named Most Innovative ETF Index Provider 2009 for the Americas by exchangetradedfunds.com (web site of the Chicago Board Options Exchange). [www.exchangetradedfunds.com]
-December 2009- Named "Best Index Provider Shari'ah compliant Indexes" by Dubai-based Islamic Business & Finance magazine.
-January 2010- Named “Best Islamic Index Provider” in the Islamic Finance News (IFN) award poll for the third consecutive year.
-January 2010 - Asia Asset Management Awards 2009 names DJI winner of Index Provider of the Year in Asia.
-January 2010 - Wins "Index Provider of the Year in Asia" by Asian Asset Management magazine.
-May 2010 - Named "Best Shari'ah-Compliant Index Provider" by Global Finance magazine for the third consecutive year.
-August 2010 - Winner of KLIFF "Most Outstanding Islamic Index Provider" award
-September 2010- Named "Best Index Provider" by Asset Triple A Investment Awards (called "Asia’s defining recognition for excellence for the leading investment and financial institutions in the industry"). [7]
-November 1, 2010 - Dow Jones Indexes Named Best Islamic Index Provider In Islamic Finance News (IFN) Award Poll.
-December 2010 - Named "Best Index Provider, Shari’ah-Compliant Indexes," by Islamic Business & Finance for 2010.
-January 21, 2011- Wins "Best Islamic Index Provider" at 5th annual Islamic Business and Finance Awards.
-January 31, 2011 - Wins “Islamic Index Provider of the Year in Asia” at the Asia Asset Management Awards.
-April 2011- Winner of "Best Shari'ah-Compliant Index Provider" (Global Finance, 2011).
Research information
The company puts out a quarterly news magazine called Insights (http://dowjonesindexesinsights.com/). The company has topical Market Commentary videos (http://www.djindexes.com/media/?playlist=market-commentary), video interviews (http://www.djindexes.com/media/?playlist=video-interviews) and press events (http://www.djindexes.com/media/?playlist=press-events) for researchers, academics and market makers to use.See also
- Dow Jones Industrial AverageDow Jones Industrial AverageThe Dow Jones Industrial Average , also called the Industrial Average, the Dow Jones, the Dow 30, or simply the Dow, is a stock market index, and one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow...
- Index (economics)Index (economics)In economics and finance, an index is a statistical measure of changes in a representative group of individual data points. These data may be derived from any number of sources, including company performance, prices, productivity, and employment. Economic indices track economic health from...
- CME GroupCME GroupThe CME Group bases prices for US gasoline on Brent Crude rather than West Texas Intermediate Crude , which many believe is responsible for artificially high gas prices for US consumers...
- Dow Jones & CompanyDow Jones & CompanyDow Jones & Company is an American publishing and financial information firm.The company was founded in 1882 by three reporters: Charles Dow, Edward Jones, and Charles Bergstresser. Like The New York Times and the Washington Post, the company was in recent years publicly traded but privately...
- Dow Jones Sustainability IndexDow Jones Sustainability IndexLaunched in September 1999, the Dow Jones Sustainability Indexes are a family of indexes evaluating the performance of the world’s leaders in sustainability. They are the longest-running global sustainability benchmarks worldwide and have become the key reference point in Sustainability Investing...
- Sustainable Asset Management