DOW JONES INDEXES PRESS RELEASE ARCHIVE • 2003
 
Press Releases 2004
Press Releases 2002
Press Releases 2001
Press Releases 2000


SGX AND DOW JONES INDEXES SIGN MEMORANDUM OF UNDERSTANDING TO PIONEER THE DEVELOPMENT OF EXCHANGE TRADED CREDIT DERIVATIVE CONTRACTS
SGX To Develop Market Through Tie-Ups With Other Exchanges

 


New York, December 29, 2003 – Singapore Exchange Limited (SGX) and Dow Jones Indexes, a leading global index provider, today signed a memorandum of understanding (MOU) which covers the listing of futures based on the Dow Jones TRAC-X indexes of credit derivatives.

The listing of credit derivatives will add further depth to SGX's derivatives market. SGX intends to collaborate with other exchanges to create a global marketplace for credit derivative futures. It is part of the exchange's strategy to grow its business through product innovation, which leverages off its infrastructure, market knowledge and its role as a leading Asian derivatives exchange.

SGX CEO, Hsieh Fu Hua, said, "We are happy to establish this relationship with Dow Jones Indexes in pioneering the development of futures based on the suite of Dow Jones TRAC-X indexes. Credit derivatives are currently traded over the counter in global markets. With the demonstrated interest from institutional participants in credit derivatives, we intend to develop a global network for the trading and listing of such contracts, which will replicate the success of the Mutual Offset System link with the Chicago Mercantile Exchange. This will provide our institutional customers the opportunity to trade in these products around the clock. Ultimately, they will not only get to enjoy greater choice and increased liquidity, but also efficient access and transparent price discovery to contracts based on widely traded indexes."

Michael A. Petronella, president, Dow Jones Indexes/Ventures says: "We are enthusiastic having signed this MoU with SGX to license the Dow Jones TRAC-X indexes for exchange traded products. The high volume of credit derivative trading in the OTC market has long justifies exchange-based financial products and now for the first time with the Dow Jones TRAC-X index family we can offer a transparent, neutrally branded, unbiased and well recognized family of indexes to underlie this product. We also expect to license the Dow Jones TRAC-X index family to exchanges in Europe and the U.S."

Since the launch of TRAC-X on April 1, 2003, over US$150 billion linked to the Dow Jones TRAC-X Indexes has traded and 38 indexes have been launched in addition to many other related products such as options and tranches based on the various indexes. The major regional Dow Jones TRAC-X Indexes that have launched to date include: Dow Jones TRAC-X Europe, Dow Jones TRAC-X NA (North America), Dow Jones TRAC-X NA High Yield, Dow Jones TRAC-X Europe High Yield, Dow Jones TRAC-X Japan, Dow Jones TRAC-X Australia, Dow Jones TRAC-X EM (Emerging Markets) and Dow Jones TRAC-X Asia.

For further information please contact:

Dow Jones Indexes:
New York
Sybille A. Reitz, +10917-603-6987
Karishma Thakkar, +1212-597-5718

Frankfurt:
Simona Deckers, +49-69-97142894
Stephanie Schleidt, +49-69-97142893

Email: PR-Indexes@dowjones.com

Singapore Exchange Limited (SGX)
Terence Ng
Tel: 65-6236 8139

Email: ngterrence@sgx.com

Note to Editors:

Dow Jones Indexes
Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.

Singapore Exchange (SGX)
Singapore Exchange Ltd (SGX) is Asia-Pacific's first demutualised and integrated securities and derivatives exchange. It was inaugurated on 1 December 1999, following the merger of two established and well-respected financial institutions - the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange (SIMEX). Leveraging on the combined strengths of the former entities, and through its innovative approach, broad range of products, strong international alliances and cutting-edge technology, SGX aims to establish itself as a leading integrated exchange and expand its presence in the global financial marketplace. On 23 November 2000, SGX became the first exchange in Asia Pacific to be listed via a public offer and a private placement. SGX is listed on its own Mainboard. For more information, visit us at www.sgx.com.




COMPONENT CHANGES MADE TO DOW JONES SECTOR TITAN INDEXES

   


New York, December 17, 2003 – Dow Jones Indexes today announced changes in the stock components of the Dow Jones Sector Titans Indexes.

Effective with the opening of trading Monday, December 22, 2003, Siemens (Germany) will be reclassified from Technology to Industrial Goods and Services and will be added to the Dow Jones Sector Titans Industrial Goods and Services Index. Dai Nippon (Japan) will be deleted from the Dow Jones Sector Titans Industrial Goods and Services Index. Analog Devices (U.S.) will be added to the Dow Jones Sector Titans Technology Index to replace Siemens.

Normally, changes are made to Dow Jones Sector Titans Indexes annually. Among the reasons for extraordinary changes are sector reclassifications of component companies.

Journalists may e-mail questions regarding this press release to Dow Jones Indexes, email: PR-Indexes@dowjones.com New York:
Sybille A. Reitz, +1-212-597-5735
Karishma Thakkar, +1-212-597-5718

Frankfurt:
Simona Deckers, +49-69-97142894
Stephanie Schleidt, +49-69-97142893

Company additions to and deletions from the Dow Jones Sector Titans do not in any way reflect an opinion on the investment merits of the company.

Note to Editors:

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.




DOW JONES INDEXES ANNOUNCES CHANGES IN THE DOW JONES SELECT DIVIDEND INDEX

   


New York, December 17, 2003 – Dow Jones Indexes today announced that seven stocks would be replaced in the Dow Jones Select Dividend Index as a result of the regular annual review. The changes are effective December 22, 2003.

The stocks being added to the 50-stock Dow Jones Select Dividend Index are: Bank of America Corp. (BAC), Unitrin Inc. (UTR), J.P. Morgan Chase & Co. (JPM), Ventas Inc. (VTR), Energy East Corp. (EAS), BellSouth Corp. (BLS), Sonoco Products Co. (SON). They will replace Ashland Inc. (ASH), Cooper Industries Inc. CI A (CBE), Goodrich Corp. (GR), Honeywell International Inc. (HON), Royal Caribbean Cruises Ltd. (RCL), Sears, Roebuck & Co. (S), Supervalu Inc. (SVU).

The dividend yield of the reconstituted Dow Jones Select Dividend Index increased to 4.1% from 3.78% as of November 30, 2003.

Additions
Name Economic Sector Indicated Annual Dividend Dividend Yield
Bank of America Corp. Financial  3.20 4.24%
BellSouth Corp. Telecommunications  1.00 3.84%
Energy East Corp. Utilities  1.00 4.35%
J.P. Morgan Chase & Co. Financial  1.36 3.85%
Sonoco Products Co. Industrial  0.84 3.93%
Unitrin Inc.  Financial 1.66 4.39%
Ventas Inc. Financial 1.07 5.34%
 
Deletions
Name Economic Sector Indicated Annual Dividend Dividend Yield
Ashland Inc. Industrial  1.10 2.77%
Cooper Industries Inc. Cl A Industrial  1.40 2.61%
Goodrich Corp. Industrial  0.80 2.91%
Honeywell International Inc. Industrial  0.75 2.53%
Royal Caribbean Cruises Ltd. Consumer, Cyclical 0.52 1.72%
Sears, Roebuck & Co. Consumer, Cyclical 0.92 1.67%
Supervalu Inc. Consumer, Noncyclical 0.58 2.25%


The changes will be effective with the opening of trading on December 22, 2003. Full component lists, including individual dividend, dividend yield and weightings are available at www.djindexes.com.

Journalists may e-mail questions regarding this press release to Dow Jones Indexes, email: PR-Indexes@dowjones.com

New York:
Sybille A. Reitz, +1-212-597-5735
Karishma Thakkar, +1-212-597-5718

Frankfurt:
Simona Deckers, +49-69-97142894
Stephanie Schleidt, +49-69-97142893

Company additions to and deletions from the Dow Jones Select Dividend Index do not in any way reflect an opinion on the investment merits of the company.

Note to Editors:

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.




COMPONENT CHANGES MADE TO DOW JONES COUNTRY TITAN INDEXES

   


New York, December 15, 2003 – Dow Jones Indexes today announced component changes in the Dow Jones Canada Titans 40 and Dow Jones Australia Titans 30 indexes.

Effective with the opening of trading Monday, December 22, 2003, Great-West Lifeco Inc. (Canada) will replace Quebecor World Inc. (Canada) in the Dow Jones Canada Titans 40. Insurance Australia Group Ltd. (Australia) will replace CSR Ltd. (Australia) in the Dow Jones Australia Titans 30 Index

Both Quebecor World Inc. and CSR Ltd. are being deleted because of the "Early Removal Rule." The rule is applied when a Titans component is not among the 60 largest companies in the DJGI country index when ranked by free-float market capitalization at the conclusion of a regular quarterly review. Normally, changes are made to the Dow Jones Country Titan indexes annually in March. Among the reasons for extraordinary changes is the "Early Removal Rule".

The detailed methodology for each index is published in the indexes' rulebooks accessible on the Dow Jones Indexes web site at http://www.djindexes.com.

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.

Journalists may e-mail questions regarding this press release to Dow Jones Indexes, email: PR-Indexes@dowjones.com

New York:
Sybille A. Reitz, +1-212-597-5735
Karishma Thakkar, +1-212-597-5718

Frankfurt:
Simona Deckers, +49-69-97142894
Stephanie Schleidt, +49-69-97142893




THE DOW JONES INDUSTRIAL AVERAGE AT 10,000: A BRIEF HISTORY

   


New York, December 10, 2003 – With the Dow Jones Industrial Average crossing the 10,000 mark on December 09, 2003, here is a brief history of the index at 10,000, according to Dow Jones Indexes:

  • The Dow Jones Industrial Average first touched 10,000 on March 16, 1999.
  • The Dow Jones Industrial Average first closed above 10,000 on March 29, 1999, when it closed at 10,006.78.
  • The Dow Jones Industrial Average reached its highest point on January 14, 2000, when it closed at 11,722.98.
  • The Dow Jones Industrial Average last closed above 10,000 on month May 27, 2002, when it closed at 10104.26.
  • Since January 14, 2000, the Dow Jones Industrial Average had its lowest close on October 9, 2002, when it closed at 7286.27.

Journalists may e-mail questions regarding this press release to Dow Jones Indexes, email: PR-Indexes@dowjones.com

New York:
Sybille A. Reitz, +1-212-597-5735
Karishma Thakkar, +1-212-597-5718

Frankfurt:
Simona Deckers, +49-69-97142894
Stephanie Schleidt, +49-69-97142893

Note to editors:
Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.




COMPONENT CHANGE WILL BE MADE TO DOW JONES TRANSPORTATION AVERAGE

   

  New York, December 9, 2003 – Dow Jones Indexes today announced that C. H. Robinson Worldwide (CHRW), based in Eden Prairie, MN, U.S. will replace Roadway Corporation (ROAD), based in Akron, OH, U.S. in the Dow Jones Transportation Average, effective after the close of trading on Thursday, December 11, 2003.

C. H. Robinson Worldwide is a third-party logistics company. The Company is a global provider of multimodal transportation services and logistics solutions operating through a network of 150 offices in North America, South America, Europe and Asia.

Roadway Corporation is being dropped from the Dow Jones Transportation Average because it is being acquired by Yellow Corporation (YELL), based in Overland Park, KS, U.S. which is also a component of the Dow Jones Transportation Average.

Due to the acquisition the name of Yellow Corporation will change to Yellow Roadway Corporation (YELL). The name change will also be effective on Thursday, December 11, 2003.

Further information as well as the complete component list of the Dow Jones Transportation Average can be found on the Dow Jones Indexes Web site at http://www.djindexes.com.

The Dow Jones Transportation Average represents the leading twenty transportation companies in the U.S. It was introduced in 1884 and was composed of nine companies. The Dow Jones Transportation Average is part of the Dow Jones Averages family, which also includes the Dow Jones Industrial Average and the Dow Jones Utility Average.

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones&Company, which publishes the world's most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones&Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.

Journalists may e-mail questions regarding this press release to Dow Jones Indexes, email: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes public relations group:

New York:
Sybille A. Reitz, +1-212-597-5735
Karishma Thakkar, +1-212-597-5718

Frankfurt:
Simona Deckers, +49-69-97142894
Stephanie Schleidt, +49-69-97142893




DOW JONES INDEXES ANNOUNCES PORTFOLIO FOR EUROPEAN HIGH YIELD CREDIT DERIVATIVE INDEX


   


New York, December 4, 2003 - Dow Jones Indexes today announced the portfolio for the Dow Jones TRAC-X Europe High Yield Index. The index consists of the 25 most liquid European high yield credit default swaps and complements the global family of Dow Jones TRAC-X credit default swap indexes.

After consulting the 12 licensed market makers the following 25 names are included in the underlying basket of the Dow Jones TRAC-X Europe High Yield Index: ABB International; Koninklijke Ahold NV; Alcatel; British Airways PLC; Colt TelecomGroup PLC; Corus Group PLC; Cable & Wireless PLC; Vivendi Universal; Eircom Ltd.; Emi Group PLC; FIAT S.p.a.; Fresenius; HeidelbergCement AG; International Power PLC.; Invensys PLC; Telefonaktiebolaget LM Ericsson; MDP Acquisitions (Smurfit); Messer Griesheim Holding AG; Prosieben Sat. 1 Media AG; Publicis Groupe SA; Rhodia; Scandinavian Airlines Systems DNC; Sol Melia SA; Tui AG; Yell Finance BV.

The market makers expect that the notes and swaps that underlie the Dow Jones TRAC-X Europe High Yield Index will receive significant interest from dealers and clients similar to the response for the Dow Jones TRAC-X North America High Yield Index which was the first liquid and diversified instrument to manage credit exposure in this asset class.

Since the launch of TRAC-X on April 1, 2003, over $150 billion linked to the Dow Jones TRAC-X Indexes has traded and 38 indexes have been launched in addition to many other off-shoot products such as options and tranches based on the various indexes. The major regional Dow Jones TRAC-X Indexes that have launched to date include: Dow Jones TRAC-X Europe, Dow Jones TRAC-X NA (North America), Dow Jones TRAC-X NA High Yield, Dow Jones TRAC-X Europe High Yield, Dow Jones TRAC-X Japan, Dow Jones TRAC-X Australia, Dow Jones TRAC-X EM (Emerging Markets) and Dow Jones TRAC-X Asia.


Journalists may e-mail questions regarding this press release to Dow Jones Indexes, email: PR-Indexes@dowjones.com

New York:
Sybille A. Reitz, +1-212-597-5735
Karishma Thakkar, +1-212-597-5718

Frankfurt:
Simona Deckers, +49-69-97142894
Stephanie Schleidt, +49-69-97142893

Note to Editors:
Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.




Dow Jones Indexes Changes Composition of Dow Jones TRAC-X North America High Yield Portfolio
First Index to Represent Asian Tiger Markets Hong Kong, Singapore, South Korea and Taiwan

   

NEW YORK, December 2, 2003 - Dow Jones Indexes today announced the new composition of the Dow Jones TRAC-X North America High Yield Index series.

After consulting the 12 licensed market makers the following 14 names will be added to the underlying basket of the Dow Jones TRAC-X North America High Yield Index Series 2 Index that consists of the 100 most liquid North American high yield credit derivative swaps: Collins & Aikman Senior; Graphic Packaging International Inc.; Nalco Company; The Premcor Refining Group Inc.; DIRECTV Holdings LLC; DYNEGY Holdings Inc.; Williams Companies; Houghton Mifflin Company; Echostar DBS Corporation; AMR Corp.; United Rentals NA Inc. Sub.; TRIAD Hospitals Inc.; Case New Holland; RJ Reynolds Tobacco HLDG.

The following 14 names have been deleted from the Dow Jones TRAC-X North America High Yield Index: Collins & Aikman Sub; Ball Corp.; Hercules Inc.; Nuevo Energy Company; Lear Corporation; Westar Energy Company; Mirant Americas Generation LLC; Alliant Techsystems; Echostar Communications Corporation; Northwest Airlines; United Rentals NA Inc. Senior; Community Health Systems, Inc.; The Shaw Group Inc.; The GAP Inc.

The new composition of the Dow Jones TRAC-X North America High Yield Series 2 Index is the result of input from participating dealers and clients as to portfolio construction, reference entities and reference obligations. The standard notes of the participating market makers that are used to calculate the index values will be launched on December 3. The Dow Jones TRAC-X North America High Yield Indexes were initially launched on November 2001.

Since the launch of TRAC-X on April 1, 2003, over $150 billion linked to the Dow Jones TRAC-X Indexes has traded and 33 indexes and various off-shoot products such as options and tranches have previously been added to this leading CDS index family. The major regional Dow Jones TRAC-X Indexes that have launched to date include: Dow Jones TRAC-X Europe, Dow Jones TRAC-X NA (North America), Dow Jones TRAC-X NA High Yield, Dow Jones TRAC-X Japan, Dow Jones TRAC-X Australia, Dow Jones TRAC-X EM (Emerging Markets) and Dow Jones TRAC-X Asia.

Currently, 12 institutions are licensed market makers in the suite of Dow Jones TRAC-X products: Barclays Capital, Bear Stearns, BNP, Credit Suisse First Boston, HSBC, JP Morgan, KBC, Lehman Brothers, Merrill Lynch, Morgan Stanley, Nomura, UBS.


Journalists may e-mail questions regarding this press release to Dow Jones Indexes, email: PR-Indexes@dowjones.com

New York:
Sybille A. Reitz, +1-212-597-5735
Karishma Thakkar, +1-212-597-5718

Frankfurt:
Simona Deckers, +49-69-97142894
Stephanie Schleidt, +49-69-97142893

Note to Editors:
Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.




DOW JONES INDEXES FINALIZES AGREEMENT TO MANAGE TRAC-X INDEX PRODUCTS
Dow Jones Indexes Will Oversee All Aspects of the Management, Licensing and Administration of the Indexes and Will Form an Advisory Committee Comprising a Broad Base of Market Participants to Assist in its Governance

   


New York, November 24, 2003 - Dow Jones Indexes, a world leader in index calculation and management, announced today that it has finalized its agreement with Morgan Stanley and JPMorgan to lead the future development of TRAC-X, the market-leading global suite of credit default swap ("CDS") index products that was formed in April 2003.

Effective immediately, Dow Jones Indexes will assume all responsibility for the licensing, new product development (including the construction of the portfolios), branding, marketing and sales, and public relations of TRAC-X. Also effective immediately, the indexes will be rebranded "Dow Jones TRAC-X Indexes."

By the first quarter of 2004, Dow Jones Indexes will take over responsibility for the maintenance, calculation and distribution of index values and index data.

"We are extremely pleased to have been able to quickly finalize our agreement to take over the administration of the TRAC-X suite of credit derivatives products," said Lars Hamich, executive director of global business development at Dow Jones Indexes. "As part of the agreement, we will be putting together regional Advisory Committees in the U.S., Europe and Asia, which will comprise a broad base of credit derivatives market makers. These committees will ensure that the Dow Jones TRAC-X Indexes remain an entirely neutral product created solely for the benefit of the credit derivatives market overall."

The Advisory Committees will advise Dow Jones Indexes on methodology, rebalancing and other related topics. Dow Jones Indexes will remain the ultimate decision maker.

Mr. Hamich continued, "Having the participation of the leading credit derivatives participants will ensure that as we continue to develop the suite of products, the Dow Jones TRAC-X Indexes remains as transparent and liquid as possible and provides the clients who use them with the most efficient and effective way to manage and trade credit risk.

"We have already received tremendous interest in issuing structured products, exchange-traded derivatives and ETFs based on the Dow Jones TRAC-X Indexes and expect to issue the first licenses soon."

In addition to turning over the management of the suite of TRAC-X products to Dow Jones Indexes, Morgan Stanley and JPMorgan also will be opening the ownership structure to other market makers in the Dow Jones TRAC-X Indexes. This will further increase the transparency of the product.

Since its launch on April 1, 2003, over $150 billion linked to the Dow Jones TRAC-X Indexes has traded and 12 indexes have been added to this leading CDS index family. The indexes that have launched to date include: Dow Jones TRAC-X Europe, Dow Jones TRAC-X NA (North America), Dow Jones TRAC-X NA High Yield, Dow Jones TRAC-X Japan, Dow Jones TRAC-X Australia and Dow Jones TRAC-X EM (Emerging Markets).

Licensed Dow Jones TRAC-X market makers include: Merrill Lynch, Bear Stearns, Lehman Brothers, HSBC, BNP, Credit Suisse First Boston, UBS, KBC, Nomura, Barclays Capital, Morgan Stanley and JPMorgan. The total number of institutions actually trading the CDS that underlie the Dow Jones TRAC-X Indexes numbers 15, including the market makers that were grand fathered in under the previous licensing agreement. The liquidity of the TRAC-X suite is expected to continue to increase with the addition of each new market maker.

Journalists may e-mail questions regarding this press release to Dow Jones Indexes, email: PR-Indexes@dowjones.com

New York:
Sybille A. Reitz, +1-212-597-5735
Karishma Thakkar, +1-212-597-5718

Frankfurt:
Simona Deckers, +49-69-97142894
Stephanie Schleidt, +49-69-97142893

Note to Editors:

About Dow Jones Indexes and Dow Jones & Company

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.





DOW JONES INDEXES FINALIZES AGREEMENT TO MANAGE TRAC-X INDEX PRODUCTS
Dow Jones Indexes Will Oversee All Aspects of the Management, Licensing and Administration of the Indexes and Will Form an Advisory Committee Comprising a Broad Base of Market Participants to Assist in its Governance

   


New York, November 24, 2003 - Dow Jones Indexes, a world leader in index calculation and management, announced today that it has finalized its agreement with Morgan Stanley and JPMorgan to lead the future development of TRAC-X, the market-leading global suite of credit default swap ("CDS") index products that was formed in April 2003.

Effective immediately, Dow Jones Indexes will assume all responsibility for the licensing, new product development (including the construction of the portfolios), branding, marketing and sales, and public relations of TRAC-X. Also effective immediately, the indexes will be rebranded "Dow Jones TRAC-X Indexes."

By the first quarter of 2004, Dow Jones Indexes will take over responsibility for the maintenance, calculation and distribution of index values and index data.

"We are extremely pleased to have been able to quickly finalize our agreement to take over the administration of the TRAC-X suite of credit derivatives products," said Lars Hamich, executive director of global business development at Dow Jones Indexes. "As part of the agreement, we will be putting together regional Advisory Committees in the U.S., Europe and Asia, which will comprise a broad base of credit derivatives market makers. These committees will ensure that the Dow Jones TRAC-X Indexes remain an entirely neutral product created solely for the benefit of the credit derivatives market overall."

The Advisory Committees will advise Dow Jones Indexes on methodology, rebalancing and other related topics. Dow Jones Indexes will remain the ultimate decision maker.

Mr. Hamich continued, "Having the participation of the leading credit derivatives participants will ensure that as we continue to develop the suite of products, the Dow Jones TRAC-X Indexes remains as transparent and liquid as possible and provides the clients who use them with the most efficient and effective way to manage and trade credit risk.

"We have already received tremendous interest in issuing structured products, exchange-traded derivatives and ETFs based on the Dow Jones TRAC-X Indexes and expect to issue the first licenses soon."

In addition to turning over the management of the suite of TRAC-X products to Dow Jones Indexes, Morgan Stanley and JPMorgan also will be opening the ownership structure to other market makers in the Dow Jones TRAC-X Indexes. This will further increase the transparency of the product.

Since its launch on April 1, 2003, over $150 billion linked to the Dow Jones TRAC-X Indexes has traded and 12 indexes have been added to this leading CDS index family. The indexes that have launched to date include: Dow Jones TRAC-X Europe, Dow Jones TRAC-X NA (North America), Dow Jones TRAC-X NA High Yield, Dow Jones TRAC-X Japan, Dow Jones TRAC-X Australia and Dow Jones TRAC-X EM (Emerging Markets).

Licensed Dow Jones TRAC-X market makers include: Merrill Lynch, Bear Stearns, Lehman Brothers, HSBC, BNP, Credit Suisse First Boston, UBS, KBC, Nomura, Barclays Capital, Morgan Stanley and JPMorgan. The total number of institutions actually trading the CDS that underlie the Dow Jones TRAC-X Indexes numbers 15, including the market makers that were grand fathered in under the previous licensing agreement. The liquidity of the TRAC-X suite is expected to continue to increase with the addition of each new market maker.

Journalists may e-mail questions regarding this press release to Dow Jones Indexes, email: PR-Indexes@dowjones.com

New York:
Sybille A. Reitz, +1-212-597-5735
Karishma Thakkar, +1-212-597-5718

Frankfurt:
Simona Deckers, +49-69-97142894
Stephanie Schleidt, +49-69-97142893

Note to Editors:

About Dow Jones Indexes and Dow Jones & Company

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.





STOXX, LTD. CHANGES HE COMPOSITION OF THE EUROPEAN BENCHMARK INDEXES
Fourth Regular Quarterly Review to be Effective on December 22, 2003

   


New York, November 18, 2003 - STOXX, Ltd. today announced changes in the composition of the Dow Jones STOXX Total Market Index, the Dow Jones STOXX 600 Index and its sector indexes.

Effective with the open of European markets on December 22, 2003 the following nine stocks will be added to the Dow Jones STOXX 600 and its respective sectors: Lastminute.com (Great-Britain), Antofagasta (Great-Britain), Kinnevik Investment (Sweden), Buhrmann (Netherlands), Micronas Semiconductor (Switzerland), Cookson Group (Great-Britain), Prosiebensat.1 Media Pref (Germany), E.Biscom (Italy) and Gamesa (Spain).

Companies exiting the index are: Banca Popolare dellíEmilia Roma (Italy), Banca Popolare di Sondrio (Italy), M-Real-B (Finland), Galeries Lafayette/RM (France), Prisa (Spain), Wood Group (John) (Great-Britain), Caledonia Investments (Great Britain), Rhodia (France) and Jarvis (Great Britain).

The market sectors for the following Dow Jones STOXX 600 components will change: Siemens (Germany), from Technology to Industrial Goods & Services, Bunzl (Great Britain), from Basic Resources to Industrial Goods & Services, Sacyr-Vallehermoso (Spain), from Financial Services to Cyclical Goods & Services and Greene King (Great Britain), from Retail to Cyclical Goods & Services.

As of October 31, 2003 the total free-float market capitalization of the reconstituted Dow Jones STOXX 600 increased from EUR 4283.21 billion to EUR 4283.91 billion and of the reconstituted Dow Jones STOXX Total Market Index to EUR 4,486.78 billion from EUR 4,480.94.

Changes are being announced today after the conclusion of a regular quarterly component review. The adjusted component weightings, including the number of shares and free-float factors, will be announced on December 17, 2003 after close of European markets. All changes will be effective on December 22, 2003.

A list with all changes in the Dow Jones STOXX Total Market Index is available on http://www.stoxx.com/info/reports/2003/reviews2003.html

Journalists may e-mail questions regarding this press release to Dow Jones Indexes, email: PR-Indexes@dowjones.com

New York:
Sybille A. Reitz, +1-212-597-5735
Karishma Thakkar, +1-212-597-5718

Frankfurt:
Simona Deckers, +49-69-97142894
Stephanie Schleidt, +49-69-97142893


Additions Deletions
LASTMINUTE.COM Noncyclical Goods & Services BANCA POPOLARE DELL’EMILIA ROMA Banks
ANTOFAGASTA Basic Resources BANCA POPOLARE DI SONDRIO Banks
KINNEVIK INVESTMENT Basic Resources M-REAL-B Basic Resources
BUHRMANN Retail GALERIES LAFAYETTE Retail
MICRONAS SEMICONDUCTOR Technology PRISA Media
COOKSON GROUP Industrial Goods & Services WOOD GROUP (JOHN) Industrial Goods & Services
PROSIEBENSAT.1 MEDIA PREF Media CALEDONIA INVESTMENTS Financial Services
E.BISCOM Telecommunications RHODIA Chemicals
GAMESA Industrial Goods & Services JARVIS Industrial Goods & Services




DOW JONES GLOBAL 1800 INDEX FAMILY: NEW GLOBAL BENCHMARK INDEXES
Cost-Effective Alternative for Portfolio Managers

   


New York, November 12, 2003 - Dow Jones Indexes, a leading global index provider today further expanded into the benchmark indexes business by launching the Dow Jones Global 1800 Index. The 1800-stock index and its regional and sector sub-indexes are derived from the Dow Jones World Index, a broad market global benchmark of approximately 5000 stocks, and reflect the market performance of the leading 600 companies in each of the developed markets of Europe, the Asia-Pacific region and the Americas. The 1800 components of the new index series cover 86% of the Dow Jones World Index.

The Dow Jones Global 1800 Indexes were developed to meet a need for alternatives to existing world indexes and follow the philosophy and methodology of the highly successful pan-European Dow Jones STOXX 600 Index and its sector indexes. The manageable number of components makes the indexes very cost effective and appropriate as the underlying benchmark indexes for investment portfolios.

Lars Hamich, executive director, global business development at Dow Jones Indexes said, "Market participants are increasingly looking to build portfolios that cover global markets or combine regions such as Europe and Asia in a cost-efficient way. Along with the global blue-chip indexes such as the Dow Jones Global Titans 50 and the Dow Jones Sector Titans and broad benchmark indexes such as the Dow Jones World Index, the Dow Jones Global 1800 Index completes the range of benchmark indexes."

The Dow Jones Global 1800 Indexes are transparent, rules-based benchmarks that comprise the biggest 600 companies in terms of free-float market capitalization for each of three regions - the Americas, Europe and Asia/Pacific.

The index series comprises a total of 117 indexes:

  • Dow Jones Global 1800 Index
  • Three regional indexes covering 1,200 components each: Dow Jones Global 1800 ex Americas, Dow Jones Global 1800 ex Europe and Dow Jones Global 1800 ex Asia/Pacific;
  • Three regional indexes covering 600 components each: Dow Jones Global 1800 Americas, Dow Jones Global 1800 Asia/Pacific and Dow Jones Global 1800 Europe with the latter equaling the Dow Jones STOXX 600 Index;
  • Two subset indexes of the Dow Jones Global 1800 Asia/Pacific Index: Dow Jones Global 1800 Asia/Pacific ex Japan and Dow Jones Global 1800 Japan;
  • A total of 108 sector indexes covering the world and regional indexes.

The indexes are calculated and disseminated real time with index data available through major data vendors. Component lists, historic and current index values, methodology overview and rule book are freely available on the Dow Jones Indexes web site at http://www.djindexes.com/jsp/GB1800_Method.jsp. The Dow Jones Global 1800 and its sub-indexes are reviewed quarterly.

Journalists may e-mail questions regarding this press release to Dow Jones Indexes, email: PR-Indexes@dowjones.com

New York:
Sybille A. Reitz, +1-212-597-5735
Karishma Thakkar, +1-212-597-5718

Frankfurt:
Simona Deckers, +49-69-97142894
Stephanie Schleidt, +49-69-97142893

Note to editors:
Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.




DOW JONES INDEXES TO LAUNCH DIVIDEND INDEX

   


New York, October 30, 2003 - Dow Jones Indexes, a leading global index provider, today announced the launch of the Dow Jones Select Dividend Index. The index, which will include 50 stocks derived from the Dow Jones U.S. Total Market Index, a broad market benchmark index that represents approximately 95% of U.S. market capitalization, will be launched on November 3, 2003.

Ridgely Walters, senior director of client development/sales Americas, Dow Jones Indexes, said,"With new lower U.S. tax rates on dividends, more investors are becoming interested in companies issuing dividends. The Dow Jones Select Dividend Index allows investors to track these companies and to participate in the return on income of the highest-yielding stocks in the U.S."

Dow Jones Indexes expects to license the first exchange-traded fund based on the Dow Jones Select Dividend Indexes by the end of the year.

To be eligible for inclusion in the index, a component must have a positive historical five-year dividend per share growth, an average five-year dividend payout percentage rate less than or equal to 60% and an annual average daily dollar trading volume greater than $1.5 million. Components that pass this criteria are then ranked by dividend yield, and the top 50 components of the Dow Jones U.S. Total Market Index are selected for the Dow Jones Select Dividend Index.

Each company's weight in the Dow Jones Select Dividend Index is based on the amount of its indicated dividend. The indicated annual dividends for all components are totaled, and each component's weight is equal to its dividend contribution.

The Dow Jones Select Dividend Index will be reviewed on an annual basis in December. Components and weightings will be available starting November 3 on the web site www.djindexes.com.

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30 and the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.

Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes public relations group:

New York:
Sybille A. Reitz, +1-212-597-5735
Karishma Thakkar, +1-212-597-5718

Frankfurt:
Simona Deckers, +49-69-97142894
Stephanie Schleidt, +49-69-97142893




DOW JONES INDEXES TO PUBLISH HEDGE FUND STRATEGY BENCHMARKS

   


New York, October 28, 2003 -
Dow Jones Indexes, a leading global index provider, today announced that it will expand its index services through Dow Jones Hedge Fund Indexes, Inc. (DJHFI). Beginning in November, DJHFI will begin publishing the Dow Jones Hedge Fund Strategy Benchmarks that were created to underlie investable products.

Mike Petronella, president of Dow Jones Indexes/Ventures and director of DJHFI, said, "The Dow Jones Hedge Fund Strategy Benchmarks represent the unique returns of five robust hedge fund strategies, offer risk control through diversification and leverage guidelines, and provide the transparency needed by this growing investment class."

DJHFI has assumed ownership of the indexes from Lyra Capital LLC. DJHFI will be responsible for the ongoing design, construction and maintenance of the Dow Jones Hedge Fund Strategy Benchmarks.

Garry Crowder, CEO, Lyra Capital LLC, said, "Lyra Capital is the successor firm to Zurich Institutional Benchmarks Management LLC. Over the past three years, we have been a leader in the research and development of meaningful hedge fund structures for institutional clients. The assumption by Dow Jones Hedge Fund Indexes as the owner and provider of the Dow Jones Hedge Fund Strategy Benchmarks ensures that these indexes will continue to be at the forefront of the hedge fund indexes marketplace."

The Dow Jones Hedge Fund Strategy Benchmarks are designed as a measurement tool for individual hedge fund strategies and cover five distinct areas -- Equity Market Neutral, Convertible Arbitrage, Distressed Securities, Merger Arbitrage and Event Driven. Dow Jones Indexes provides style pure hedge fund index strategies with highly correlated and clustered component returns, and avoided constructing a broad composite index that would crowd a wide-ranging variety of funds under one designation. The index methodology and the index components will generally be publicly available on the Dow Jones Indexes Web site at www.djindexes.com.

DJHFI has established an index advisory committee to ensure that the Dow Jones Hedge Fund Strategy Benchmarks remain innovative, methodology is consistent and that an objective process for index composition is always followed. The committee has nine members including representation from DJHFI, Dow Jones Indexes and seven representatives of institutional plans and programs with active hedge fund investment strategies.

Dow Jones Indexes, an affiliate of DJHFI, is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30 and the Dow Jones Country Titans Indexes. Dow Jones Indexes is a business unit, and DJFHI is a wholly-owned subsidiary, of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

In addition to The Wall Street Journal and its international and online editions, Dow Jones & Company (NYSE: DJ; www.dowjones.com) publishes Barron's and the Far Eastern Economic Review, Dow Jones Newswires, Dow Jones Indexes and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.

Dow Jones Indexes Hedge Fund Strategy Benchmark Advisory Committee Members

  • John A. Prestbo, Editor, Dow Jones Indexes, Chairman of the Dow Jones index oversight committee
  • Ridgely Walters, President of Dow Jones Hedge Fund Indexes, Inc. and Senior Director, Client Development and Sales, Dow Jones Indexes
  • Garry Crowder, Founder and CEO Lyra Capital LLC
  • Nancy Everett, Chief Investment Officer, Virginia Retirement Systems
  • Philip Halpern, Vice President and Chief Investment Officer, The University of Chicago
  • Neil J. Petroff, Senior Vice President, International Equities Indices, Fixed Income and Alternative Investments, Ontario Teachers Pension Plan
  • Laurence Siegel, Director, Investment Policy Research, The Ford Foundation
  • Edgar J. Sullivan, Vice President of Investment Research and Co-Portfolio Manager, Absolute Return Strategy, General Motors Asset Management
  • Mark W. Yusko, Chief Investment Officer, The University of North Carolina at Chapel Hill, NC; President and CEO, UNC Management Company, Inc.



DOW JONES INDEXES SELECTED TO MANAGE TRAC-X INDEX PRODUCTS
First CDS index Products to combine broad market governance with oversight of an independent index expert

New York and London, October 20, 2003 - JPMorgan and Morgan Stanley announced today that they have selected Dow Jones Indexes‚ a world-leader in index calculation and management‚ to lead the future development of TRAC-X‚ the market-leading global suite of credit default swap ("CDS") index products that was formed in April 2003. Dow Jones Indexes will assume responsibility for maintaining and marketing the indexes‚ which will be renamed the "Dow Jones TRAC-X Indexes."

"Clients win when market-makers and index experts join forces to create a pre-eminent‚ professional solution for their needs‚" said Andy Brindle‚ global head of credit derivatives at JPMorgan.

"This open architecture continues to enhance transparency and we believe will further reinforce our clients’ desire to use this product as the way to express their views in the credit markets‚" said James O’Brien‚ co-head of global investment-grade credit at Morgan Stanley.

Reaffirming a commitment to a broad-based market solution in the interest of clients‚ Dow Jones Indexes will invite recognized credit derivatives market professionals to join in the governance of Dow Jones TRAC-X Indexes. As part of the agreement‚ Dow Jones Indexes will establish and chair a governance supervisory board to oversee and develop the suite of indexes.

"Dow Jones TRAC-X Indexes is the first CDS index family to combine market-based governance with the oversight of an experienced and independent provider of global indexes‚" said Lars Hamich‚ executive director of global business development at Dow Jones Indexes.

Since its April 1 launch‚ over $100 billion linked to the TRAC-X indexes has traded and 12 TRAC-X indexes have been added to this leading CDS index family. The TRAC-X indexes that have launched to date include: TRAC-X Europe‚ TRAC-X NA (North America)‚ TRAC-X NA High Yield‚ TRAC-X Japan‚ TRAC-X Australia‚ and TRAC-X EM (Emerging Markets).


Last week‚ three more firms‚ Lehman Brothers‚ Bear Stearns and HSBC‚ became licensees to sign onto TRAC-X‚ bringing the total number of market makers to 15 institutions.

MEDIA CONTACTS
JPMorgan Michael Golden
Michael Dorfsman
44-20-7325-8504
212-270-7317
Morgan Stanley Mark Lake
Lindsey Harrison
212-762-7844
44-20-7425-8425
Dow Jones Indexes Sybille A. Reitz
Simona Deckers
212-597-5735
49-69-9714-2894

Note to editors:
About Dow Jones Indexes and Dow Jones & Company
Dow Jones Indexes is a premier global provider of investable indexes‚ including the Dow Jones Averages‚ the Dow Jones Global Titans 50‚ the Pan-European Dow Jones STOXX Indexes‚ the Dow Jones Asian Titans 50‚ the Dow Jones Sector Titans 30‚ the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company‚ which publishes the world’s most vital business and financial news and information.

In addition to Dow Jones Indexes‚ Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions‚ Barron's and the Far Eastern Economic Review‚ Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva‚ with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.

J.P. Morgan Chase & Co.is a leading global financial services firm with assets of $803 billion and operations in more than 50 countries. The firm is a leader in investment banking‚ financial services for consumers and businesses‚ financial transaction processing‚ investment management‚ private banking and private equity. A component of the Dow Jones Industrial Average‚ JPMorgan Chase is headquartered in New York and serves more than 30 million consumer customers and many of the world’s most prominent corporate‚ institutional and government clients. Information about JPMorgan Chase is available on the internet at www.jpmorganchase.com.

Morgan Stanley is a global financial services firm and a market leader in securities‚ investment management and credit services. With more than 700 offices in 28 countries‚ Morgan Stanley connects people‚ ideas and capital to help clients achieve their financial aspirations.




DOW JONES INDEXES TO LAUNCH FIRST MIDDLE EAST BLUE-CHIP INDEX
Dow Jones Indexes and Dubai International Financial Centre Cooperate to Create Index for Arabia Region

 

DUBAI, October 6, 2003 - Dow Jones Indexes today announced that it will launch the Dow Jones DIFC Arab Titans 50 index, a regional blue-chip index that covers Arab countries in the Middle East, in the first quarter of 2004. The index, which is based on the stock prices of 50 leading companies in the region, was developed jointly by Dow Jones Indexes, a leading global index provider, and the Dubai International Financial Centre in cooperation with the Dubai based investment bank SHUAA Capital.

Once launched, the Dubai Regional Exchange, a core component of the Dubai International Financial Centre, is expected to list financial products that will be based on the index. SHUAA Capital, is the first investment bank who has expressed an interest to license and introduce a financial product based on the index.

Lars Hamich, executive director, global business development at Dow Jones Indexes pointed out, "The index was developed due to the growing demand for a blue-chip index covering the whole Arab region, which is unique. With the Dow Jones DIFC Arabia Titans 50 we will provide an investable index, a transparent index concept and a methodology consistent with all indexes in our Dow Jones Titans family. The index is designed to underlie investment products such as funds, exchange-traded funds, structured products and derivatives."

Lynton Jones, chairman of the Dubai Regional Exchange, said: "The launch of this new unique benchmark will greatly enhance the attractiveness of the Middle East for emerging market investors. Historically, global investors have been reluctant to maintain, let alone exceed, their portfolio weightings in this fast growing region because of liquidity and other concerns. We are confident that funds linked to this new index and traded on an efficient financial exchange such as the Dubai Regional Exchange, will attract widespread investor interest."

The countries represented in the index will initially include: Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Palestine, Qatar, Tunisia and United Arab Emirates. The country universe of the index is generally open to any Arab market that is established and proves to be active and open to international investors.

The Dow Jones DIFC Arabia Titans 50 will be part of the Dow Jones Titans series of indexes. The series comprises the Dow Jones Global Titans 50, Dow Jones Sector Titans 30 with 18 global sector indexes, Dow Jones Asian Titans 50, 14 Dow Jones Country Titans indexes (that cover Europe, Asia, and North America), Dow Jones Tiger Titans 50 and Dow Jones Islamic Titans 100.

Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes public relations group or DIFC media relations:

In Dubai:
Sybille A. Reitz: +1-917-603-6987

New York:
Karishma Thakkar: +1-212-597-5718

Frankfurt:
Simona Deckers: +49-69-97142894
Stephanie Schleidt: +49-69-97142893

DIFC - Dubai:
Gilbert Halaby, Manager Corporate Communications,+9714-319-1994 or (m) +97150-657-8922 or email: gilberth@difc.ae


Note to editors:
Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world’s most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.

The DIFC:
The DIFC is being established to position Dubai as a universally recognized hub for institutional finance and as the regional gateway for capital and investment to in the Middle East. A critical component of this is the Dubai Financial Services Authority (DFSA). The Authority is an independent unitary regulatory authority responsible for the oversight of asset management, banking, securities trading, Islamic finance, re-insurance and a regional financial exchange.

The DFSA is being created using principle-based primary legislation modeled closely on that used in London and New York and its regulatory regime will operate to standards that meet or exceed those applying in the world’s major financial centres. The Authority expects to license blue-chip institutions operating in a variety of industry sectors with a primary focus on the wholesale markets.

The Dubai Regional Exchange is the first international exchange to be launched in the 21st century. Based on state of the art technology, this fully electronic marketplace will be capable of trading a wide range of securities, including: equities, bonds, funds (including index funds), Islamic compliant products, derivatives, commodities and alternative risk products.




DOW JONES INDEXES PRESENTS DOW JONES INDEXES ISLAMIC AWARD

   

ISTANBUL, September 29, 2003 - Dow Jones Indexes announced today the creation of the Dow Jones Indexes Islamic Award to recognize outstanding and innovative research in Islamic Finance at the Islamic Finance Forum in Istanbul. The award is open to all parties interested in Islamic Finance such as investors, academics, scholars and students.

Lars Hamich, executive director global business development at Dow Jones Indexes said: "The Dow Jones Islamic Markets Indexes are the leading global benchmark for Shari’h compliant equity investment. They are used by investment managers worldwide to measure the performance of portfolios or as the underlying for financial products. Dow Jones Indexes seeks to contribute to the continued growth and development of Islamic Finance and to encourage additional research that will add value to Islamic financial tools. This is another indication of Dow Jones Indexes’ commitment to Islamic finance"

Participants can choose one of five topics to provide a research document to Dow Jones Indexes by January 15, 2004. The five topics are Common Ground for Faith Based Investing; A Diversified Shari’h Compliant Portfolio; Framework for Islamic Capital Market; What is Islamic Corporate Governance?; and Dow Jones Islamic Market Screening for Shari’h Compliant Universe from Muslim Country Stock Exchanges.

The four best of all submitted research documents will be selected by the Award Committee and will be presented at the 5th Islamic Finance Forum in Dubai early 2004. The Award Committee of the Dow Jones Indexes Islamic Award consists of Dr. Mohd Daud Bakar, Shari’h Scholar, Malaysia; Prof. Mahmoud el Gamal, professor of economics at Rice University, United States; Prof. Rodney Wilson, professor of economics at Durham University, United Kingdom; Sheikh Nizam Yaquby, Shari’h Scholar, Bahrain and Rushdi Siddiqui, global director Dow Jones Islamic Markets at Dow Jones Indexes, United States.

Details about the Dow Jones Indexes Islamic Award can be found at the Dow Jones Indexes web site www.djindexes.com.

Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes/STOXX public relations team:

New York:
Sybille A. Reitz: +1-212-597-5735
Karishma Thakkar: +1-212-597-5718

Frankfurt:
Simona Deckers: +49-69-97142894
Stephanie Schleidt: +49-69-97142893


NOTE: Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.




STOXX LIMITED CHANGES INDEX DISSEMINATION HOURS AND FOREIGN EXCHANGE RATE SOURCE

   

ZURICH, September 24, 2003 - STOXX Limited today announced a change in index dissemination hours. All pan-European Dow Jones STOXX indexes including the leading European blue-chip indexes Dow Jones STOXX 50 and Dow Jones EURO STOXX 50 indexes will be disseminated from 9.00 am to 18.15 pm CET, representing a diminution of two hours. The change is effective November 03, 2003.

Simultaneously, STOXX Limited will begin using the fixed WM-exchange rates at 17.30 pm CET for calculation of official component closing prices. The foreign exchange rate calculated by WM-Company in Edinburgh is the standard exchange rate used by fund managers globally.

The changes were approved by the STOXX Limited Supervisory Board in July and driven by the need of institutional market participants to have the indexes closing values calculated during the most liquid trading hours of the day.


Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes/STOXX public relations team:

Frankfurt:
Simona Deckers: +49-69-97142894
Stephanie Schleidt: +49-69-97142893

New York:
Sybille A. Reitz: +1-212-597-5735
Karishma Thakkar: +1-212-597-5718




COMPONENT CHANGE MADE TO DOW JONES SWITZERLAND TITANS 30 INDEX

   

NEW YORK, September 17, 2003 - Dow Jones Indexes today announced changes in the stock components of the Dow Jones Switzerland Titans 30 index.

Effective with the opening of trading on Monday, September 22, 2003, Nobel Geberit AG Reg. (Switzerland) will replace Centerpulse AG (Switzerland) in the Dow Jones Switzerland Titans 30 index. Centerpulse AG is being deleted because of its acquisition by Zimmer Holdings Ltd.

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world’s most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.


Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes public relations group:

New York:
Sybille A. Reitz: +1-212-597-5735
Karishma Thakkar: +1-212-597-5718

Frankfurt:
Simona Deckers: +49-69-97142894
Stephanie Schleidt: +49-69-97142893



Company additions to and deletions from the Dow Jones Switzerland Titans 30 index do not in any way reflect an opinion on the investment merits of the company.



COMPONENT CHANGES MADE TO DOW JONES ITALY TITANS 30 AND DOW JONES SOUTH AFRICA TITANS 30 INDEXES

   

NEW YORK, September 17, 2003 - Dow Jones Indexes today announced component changes in the Dow Jones Italy Titans 30 and Dow Jones South Africa Titans 30.

Effective with the opening of trading September 22, Seat-Pagine Gialle S.p.A will replace Telecom Italia Media S.p.A in the Dow Jones Italy Titans 30 and Woolworths Holding Ltd. will replace Johnnic Holdings Ltd. in the Dow Jones South Africa Titans 30 index.

The Dow Jones Islamic Market Titans 100 comprises the Dow Jones Islamic Market U.S. Titans 50, the Dow Jones Islamic Market Europe Titans 25 and the Dow Jones Islamic Market Asia/Pacific Titans 25.

Changes are being announced today due to the "Early Removal Rule."This rule is applied when a Titans component is not among the 60 largest companies in the Dow Jones Global Indexes country index when ranked by free-float market capitalization at the conclusion of a regular quarterly review. Normally, changes are made to the Dow Jones Italy Titans 30 and Dow Jones South Africa Titans 30 annually in March. Among the reasons for extraordinary changes is the "Early Removal Rule". The detailed methodology for each index is published in the indexes' rulebooks, accessible on the Dow Jones Indexes web site at http://www.djindexes.com .

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world’s most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.


Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes public relations group:

New York:
Sybille A. Reitz: +1-212-597-5735
Karishma Thakkar: +1-212-597-5718

Frankfurt:
Simona Deckers: +49-69-97142894
Stephanie Schleidt: +49-69-97142893


Company additions to and deletions from the Dow Jones Italy Titans 30 and Dow Jones South Africa Titans 30 indexes do not in any way reflect an opinion on the investment merits of the company.




COMPONENT CHANGES MADE TO DOW JONES ISLAMIC TITANS 100 INDEXES
Changes are a Result of the Regular Quarterly Review of the Dow Jones Islamic Market Index

   

NEW YORK, September 12, 2003 - Dow Jones Indexes today announced component changes in the Dow Jones Islamic Titans 100 Indexes and its three subindexes as a result of the regular quarterly review of the Dow Jones Islamic Market Index.

Murata Manufacturing Co. Ltd. (Japan) will be deleted from the Dow Jones Islamic Market Titans 100 and its subindex the Dow Jones Islamic Market Asia/Pacific Titans 25 and will be replaced by Tokyo Electron Ltd. (Japan) in both indexes. HCA Inc. (U.S.) will be deleted from the Dow Jones Islamic Titans 100 index and also its subindex the Dow Jones Islamic Market U.S. Titans 50 and will be replaced by EMC Corp. (U.S.) in both indexes.

The Dow Jones Islamic Market Titans 100 comprises the Dow Jones Islamic Market U.S. Titans 50, the Dow Jones Islamic Market Europe Titans 25 and the Dow Jones Islamic Market Asia/Pacific Titans 25.

The changes announced today are a result of a quarterly review of the Dow Jones Islamic Market Index. Component changes made during the review are also applied to all Dow Jones Islamic Market Indexes to ensure compliance with Shari`ah principles. To determine their eligibility for the Dow Jones Islamic Market Titans 100, stocks are screened based on their industry type and their financial ratios. Excluded are companies engaged in the following lines of business: alcohol, tobacco, pork-related products, financial services, defense/weapons and entertainment. Dow Jones Indexes then screens out companies with unacceptable financial ratios: companies whose total debt divided by trailing 12-month average market capitalization is 33% or more; those whose cash plus interest-bearing securities divided by trailing 12-month average market capitalization is 33% or more and those whose accounts receivables divided by total assets is 45% or more.

The component changes will be effective at the start of trading on September 22, 2003.

The Dow Jones Islamic Market Indexes were created for people who wish to invest according to Islamic investment guidelines. The indexes track Shari`ah compliant stocks from around the world, providing Islamic investors with comprehensive tools based on a truly global investing perspective. Further information on the Dow Jones Islamic Market Indexes can be found on www.djindexes.com

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world’s most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.


Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes public relations group:

New York:
Sybille A. Reitz: +1-212-597-5735
Karishma Thakkar: +1-212-597-5718

Frankfurt:
Simona Deckers: +49-69-97142894
Stephanie Schleidt: +49-69-97142893

Company additions to and deletions from the Dow Jones Islamic Market Titans 100 and its subindexes do not in any way reflect an opinion on the investment merits of the company.




DOW JONES INDEXES FURTHER EXPANDING BLUE-CHIP INDEX FAMILY
The Dow Jones South Africa Titans 30 Will Be Added To The Dow Jones Country Titans Family

   

NEW YORK, September 1, 2003 - Dow Jones Indexes today announced to launch the Dow Jones South Africa Titans 30 on September 16, 2003. The index is based on blue-chip companies headquartered in South Africa.

Lars Hamich, executive director global business development at Dow Jones Indexes points out, "The index was developed due to a strongly growing importance of the South African market. By adding this first African county as the most advanced emerging market to our country blue-chip index family, we meet market demand for an investable index with a transparent index concept specifically designed to underlie investment products such as funds, exchange-traded funds, structured products and derivatives."

The 30 stocks selected for Dow Jones South Africa Titans 30 are the largest and most liquid securities in their market. With a market capitalization of 455.5 billion ZAR/ 60.8 billion U.S. dollars, the index represents 72% of its respective market capitalization (as of June 30, 2003). The Dow Jones South Africa Titans 30 index is free-float market capitalization weighted and weights are capped at 10% to prevent dominance by any individual company.

The indexes will be distributed on a real-time basis through major market data vendors, starting on September 16, 2003. Historical data on the Dow Jones South Africa Titans 30 index will be available back to December 31, 1991, with a base value of 100.

Further information on the Dow Jones South Africa Titans 30 index will be available at the launch date on September 16, 2003 at www.djindexes.com.

The Dow Jones South Africa Titans 30 is part of the Dow Jones Titans series of indexes. The series comprises the Dow Jones Global Titans 50, Dow Jones Sector Titans 30 with 18 global sector indexes, Dow Jones Asian Titans 50, 13 Dow Jones Country Titans indexes (that cover Europe, Asia, and North America), Dow Jones Tiger Titans 50 and the Dow Jones Islamic Titans 100.

The countries already covered in the Dow Jones Country Titans family include Australia, Canada, France, Germany, Hong Kong, Italy, Japan, Netherlands, Russia, Spain, Sweden, Switzerland and United Kingdom.


Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact a member of the Dow Jones Indexes public relations group:

New York:
Sybille A. Reitz: +1-212-597-5735
Karishma Thakkar: +1-212-597-5718

Frankfurt:
Simona Deckers: +49-69-97142894
Stephanie Schleidt: +49-69-97142893

Note to editors:
Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Pan-European Dow Jones STOXX Indexes, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world’s most vital business and financial news and information.

In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.




STOXX, LTD. ANNOUNCES CHANGES TO ITS BLUE-CHIP INDEX SERIES


ZURICH, September 1, 2003 - STOXX Limited today announced the results of the regular annual review of the Dow Jones EURO STOXX 50, Dow Jones STOXX 50 and Dow Jones Nordic 30 blue chip indexes. The changes will be effective on September 22, 2003.

The following company will join the Dow Jones EURO STOXX 50: Iberdrola (Spain, Utilities). The company exiting the index is: Bayerische Hypo & Vereinsbank (Germany, Banks).

The following 2 components will be added to the Dow Jones STOXX 50: A