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

 

DOW JONES CHINA INDEXES
dow jones indexes

BEIJING, December 24, 2004 – Dow Jones Indexes today announced the results of the fourth regular quarterly review in 2004 for Dow Jones China Indexes (Dow-China Indexes). The component changes in the Dow Jones China 88 (Dow-China 88), Dow Jones China Total Market (Dow-China Total Market), Dow Jones Shanghai (Dow- Shanghai), Dow Jones Shenzhen (Dow-Shenzhen) Index, and Dow Jones CBN China 600 Index will be effective on January 4, 2005.

Following the adjustment, eight components have been deleted and an additional eight components have been added to the Dow-China 88, which tracks the largest and most liquid 88 stocks in China’s Class-A market and reflects roughly 32.87% of the total float market capitalization of both the Shanghai and Shenzhen markets. The number of Shanghai-listed stocks in the Dow-China 88 is 58 components, while the number of Shenzhen-listed stocks is 30 components. In terms of the market capitalization, Shanghai-listed stocks now represent 70.35% of the Dow-China 88, compared to 29.65% for Shenzhen-listed components.

On January 4, the components of the Dow-China Total Market will increase to 1150 from 1116, with 1083 A-shares and 67 B-shares. The number of components in the Dow- Shanghai Index will increase to 700 from 686, with 22 additions and eight deletions, while the number of components in the Dow-Shenzhen index will increase to 450 from 430, with 21 additions and one deletion. The Dow-Shanghai and the Dow-Shenzhen each represents roughly 95% of the market capitalization of their given markets, the Shanghai market and Shenzhen market. The Dow-China Total Market Index reflects roughly 95 percent of the market capitalization for both the Shanghai and Shenzhen markets.

Meanwhile, the second quarterly review of the Dow Jones CBN China 600 Index was implemented, which was launched on September 6, 2004. As a result of this regular review 30 components have been deleted and an additional 30 components have been added to the DJ-CBN 600 Index, which reflects roughly 80% of China’s total float market capitalization.

Aimed at providing investors in China and around the world with an accurate tool for tracking equity performance in China’s growing stock markets, the Dow-China Indexes are constructed with the same strict standards used to develop the Dow Jones Global Indexes.

Float-adjusted shares, which exclude all state-owned shares and unlisted employee shares, are used for stock selection and index calculation, in order to provide an accurate representation of the shares that are actually available to investors for trading. In calculating free-float for selection of component stocks, the Dow Jones Indexes exclude block holdings of individuals, other companies or governments that exceed 5% of total market value.

Dow Jones China Index component lists and weightings are available at http://chinaindex.dowjones.com.

The Dow-China Indexes were launched May 27, 1996. Dow Jones & Company, a worldwide provider of business information, launched the Dow-China Indexes to commemorate the 100th anniversary of the world’s most widely reported market indicator, the Dow Jones Industrial Average, which was launched in 1896. All four indexes in the Dow-China Index series have a base value of 100 on Dec. 31, 1993.

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 group:

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

Frankfurt: Simona Deckers, +49-69-97142894, Nicole Wesch, +49-69-97142893

Beijing: Kejia Wu, +8610 65814090-201

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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

About Dow Jones & Company
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 Universal 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 - AIG Commodity Index
 
   

NEW YORK, Dec. 7, 2004— Dow Jones Indexes has issued a reminder that new weightings for commodity futures in the Dow Jones - AIG Commodity Index SM will become effective in early January 2005. The new weights, which were determined, approved, and previously announced by the Dow Jones - AIG Commodity Index Oversight Committee in July 2004, are:

Natural Gas 12.282992%

Crude Oil 12.810567%

Unleaded Gas 4.051497%

Heating Oil 3.854944%

Live Cattle 6.152719%

Lean Hogs 4.388980%

Wheat 4.869456%

Corn 5.937836%

Soybeans 7.595688%

Soybean Oil 2.665386%

Aluminum 7.055306%

Copper 5.887357%

Zinc 2.673422%

Nickel 2.606530%

Gold 5.978087%

Silver 2.000000%

Sugar 2.933043%

Cotton 3.231786%

Coffee 3.024406%

These weights were based on a combination of average global production and average trading volume of designated futures contracts (both over the most recent five-year period for which production and volume data were available). Cocoa is being dropped from the Dow Jones - AIG Commodity Index. Its current weight, approximately 2% of the Index, will be phased out of the DJ -AIGCI during the five-day “roll period” in early January. The “roll period” allows for the orderly transition out of expiring futures contracts each month.

These weights will be used to determine the Dow Jones - AIG Commodity Index Multipliers for 2005 on Jan. 6. These Multipliers, computed once a year, are factors used to express the percentage weights in U.S. dollar-denominated terms when calculating the index.

The Dow Jones - AIG Commodity Index is designed to be a highly liquid and diversified benchmark for commodities investments. The Index value is published daily in The Wall Street Journal. A futures contract on the Index is traded at the Chicago Board of Trade and on the Chicago Mercantile Exchange.

###

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

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

Frankfurt:
Simona Deckers, +49-69-97142894
Nicole Wesch, +49-69-97142893

NOTE TO EDITORS:
About 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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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 Wilshire U.S. Style Indexes to Roll Out in Early 2005

Indexes Deliver Style Purity and Transparent Methodology

 

NEW YORK, Dec. 7, 2004—Dow Jones Indexes, a leading global-index provider, and Wilshire Associates Incorporated, the world’s leading investment consulting, investment management and investment technology firm, today announced the early 2005 rollout of the Dow Jones Wilshire U.S. Style index benchmarks. The new index series will cover five investment “styles” -- large-capitalization growth, large-cap value, small-cap growth, small-cap value and micro-caps – reflecting the make-up of the Dow Jones Wilshire 5000 index.

“The new Dow Jones Wilshire Style Indexes will deliver style purity through coverage of the entire U.S. equity market,” said John A. Prestbo, Editor of Dow Jones Indexes. “With its transparent methodology, which, among other things, minimizes component turnover in the indexes, these new benchmarks will spotlight growth and value trends in the market. Where growth and value factors appear to be less important than size, the micro-cap segment rounds out the full-market coverage,” he noted.

”With the introduction of the new Dow Jones Wilshire Style Indexes, financial professionals will now have comprehensive benchmarks for not only the broad U.S. market but also for the U.S. market segments that matter to them most -- growth and value,” said Dennis Tito, founder, Chairman and Chief Executive Officer of Wilshire Associates. “The inclusion of micro-caps as a fifth style allows for the entire economic space to be represented as a style universe with no artificial cut-offs of the market. The purity of the indexes makes them well suited as benchmarks and as the basis for investment products.”

The style indexes are part of the Dow Jones Wilshire index family that now includes a comprehensive set of U.S. indexes (broad-market, sector, size and style) and is planned to include a global composite. The unique advantage of Dow Jones Wilshire indexes is their breadth, but the benchmark appropriate family also provides consistent global coverage with an objective and transparent set of measures.

The Dow Jones Wilshire style indexes are broad enough to include all stocks for attribution analysis with a methodology that is among the most sophisticated being used by index providers. Six factors are used for style classification -- some index providers use as few as one or two factors – and Dow Jones Wilshire classifies each stock as wholly either growth or value to eliminate overlap that can allow for undesirable “style drift” in stock portfolios.

The six equally weighted factors that are used to classify growth and value are:

  • Two backward looking: five-year average earnings growth and sales growth
  • Two current Price/Book value ratio and dividend yield
  • Two forward looking forecasts of Price/Earnings ratios and long-term earnings growth

The Dow Jones Wilshire Indexes are available on market data vendor platforms, many in real-time format, and on the Dow Jones Indexes (www.djindexes.com) and Wilshire Associates (www.wilshire.com) Web sites. Dow Jones Indexes also distribute data related to the Dow Jones Wilshire Indexes to data vedors and other users.

For further information, please email to pr-indexes@dowjones.com or contact a member of the Dow Jones Indexes public relations group:
Sybille A. Reitz, +1-212-597-5735, Karishma Thakkar, +1-212-597-5718

To contact Wilshire Associates public relations, please email kim.shepherd@wilshire.com or call:
Chicago: Kim Shepherd, +1-847-332-2987

About 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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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 Universal of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.

About Wilshire Associates

Wilshire Associates is a leading global investment technology, investment management and investment consulting firm with four business units including Wilshire Analytics, Wilshire Consulting, Wilshire Funds Management and Wilshire Private Markets.

The firm was founded in 1972 revolutionizing the industry by pioneering the application of investment analytics and research for the institutional marketplace. Wilshire also is credited with helping to develop the field of quantitative investment analysis that uses mathematical tools to analyze market risks. All other business units evolved from Wilshire’s strong analytics foundation. Wilshire developed the index now known as the Dow Jones Wilshire 5000 Composite Index, the first asset/liability models for pension funds, the first U.S. equity style metrics work and many other “firsts” as the firm grew to more than 300 employees serving the investment needs of institutional and high net worth clients around the world.

Based in Santa Monica, CA, Wilshire provides services to clients in more than 20 countries representing in excess of 600 organizations with assets totaling more than $12.5 trillion. With eight offices on four continents, Wilshire Associates and its affiliates are dedicated to providing clients with the highest quality counsel, products and services. For more information go to www.wilshire.com.


Component Changes Made to the Dow Jones Select Dividend Index

Changes Are Result of an Annual Review and Modified Methodology

   

NEW YORK (Dec. 2, 2004)—Dow Jones Indexes today announced changes in the composition of the Dow Jones Select Dividend Index. The changes will be effective with the opening of trading on December 20, 2004.

With this regular annual review, Dow Jones Indexes is implementing the methodology modifications that were announced on November 10, 2004. The modifications are to broaden the number of components to 100 stocks from 50 currently and to strengthen the liquidity test to a three-month average trading volume of 200,000 shares a day, compared to the previous requirement of $1.5 million average daily dollar volume.

The reconstituted Dow Jones Select Dividend Index is more diverse by industry and stock size than the current version, as well as more liquid. The dividend yield of the enlarged Dow Jones Select Dividend Index is 3.43% as of November 30, 2004. On that same date, the 50-stock version had a yield of 3.61%.

The following 51 components will be added to the Dow Jones Select Dividend Index:

Name

Industry

Indicated annual dividend ($)

Dividend Yield

Merck & Co. Inc.

Health Care

1.52

5.42%

New York Community Bancorp Inc.

Financials

1.00

5.06%

Washington Mutual Inc.

Financials

1.80

4.42%

First Horizon National Corp.

Financials

1.72

3.94%

Exelon Corp.

Utilities

1.60

3.84%

Regions Financial Corp.

Financials

1.33

3.81%

Scana Corp.

Utilities

1.46

3.81%

Deluxe Corp.

Industrials

1.48

3.74%

Maytag Corp.

Consumer Goods

0.72

3.58%

ONEOK Inc.

Utilities

1.00

3.58%

Citigroup Inc.

Financials

1.60

3.58%

Northeast Utilities

Utilities

0.65

3.57%

May Department Stores Co.

Consumer Services

0.97

3.45%

Sara Lee Corp.

Consumer Goods

0.79

3.36%

Entergy Corp.

Utilities

2.16

3.33%

BB&T Corp.

Financials

1.40

3.30%

Arthur J. Gallagher & Co.

Financials

1.00

3.26%

Kinder Morgan Inc.

Oil & Gas

2.25

3.25%

U.S. Bancorp

Financials

0.96

3.24%

Wells Fargo & Co.

Financials

1.92

3.11%

Jefferson-Pilot Corp.

Financials

1.52

3.09%

North Fork Bancorp

Financials

0.88

3.06%

Fannie Mae

Financials

2.08

3.03%

Albertsons Inc.

Consumer Services

0.76

3.00%

ChevronTexaco Corp.

Oil & Gas

1.60

2.93%

La-Z-Boy Inc.

Consumer Goods

0.44

2.87%

Republic Bancorp Inc.

Financials

0.44

2.83%

SunTrust Banks Inc.

Financials

2.00

2.81%

Pitney Bowes Inc.

Technology

1.22

2.79%

General Mills Inc.

Consumer Goods

1.24

2.73%

Bank of Hawaii Corp.

Financials

1.32

2.72%

Compass Bancshares Inc.

Financials

1.25

2.68%

Alltel Corp.

Telecommunications

1.52

2.68%

Whirlpool Corp.

Consumer Goods

1.72

2.66%

Eli Lilly & Co.

Health Care

1.42

2.66%

Waddell & Reed Financial Inc.

Financials

0.60

2.64%

MDU Resources Group Inc.

Industrials

0.72

2.64%

UniSource Energy Corp.

Utilities

0.64

2.62%

Avery Dennison Corp.

Basic Materials

1.52

2.59%

Synovus Financial Corp.

Financials

0.69

2.57%

Equitable Resources Inc.

Utilities

1.52

2.55%

Coca-Cola Co.

Consumer Goods

1.00

2.54%

Fifth Third Bancorp

Financials

1.28

2.54%

Waste Management Inc.

Industrials

0.75

2.52%

PNM Resources Inc.

Utilities

0.64

2.52%

Kimberly-Clark Corp.

Consumer Goods

1.60

2.52%

Emerson Electric Co.

Industrials

1.66

2.48%

Abbott Laboratories

Health Care

1.04

2.48%

Cincinnati Financial Corp.

Financials

1.10

2.46%

Pfizer Inc.

Health Care

0.68

2.45%

Bank of New York Co.

Financials

0.80

2.43%

 

Only one current component will be deleted from the Dow Jones Select Dividend Index. Whitney Holding Corp. (Financial; indicated annual dividend: $1.40; dividend yield: 3.03%) did not pass the liquidity threshold.

The Dow Jones Select Dividend Index was introduced about one year ago. It measures the performance of dividend-paying stocks selected for their high yields, their track records of maintaining or increasing dividends over the past five years, and their capability of sustaining their current payouts in the coming year. The index weighs component stocks by the ratios of their individual payouts to the total distribution for all components.

Further information as well as the complete component list and methodology of the Dow Jones Select Dividend Index can be found on the Dow Jones Indexes' web site http://www.djindexes.com.

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

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

Frankfurt:
Simona Deckers, +49-69-97142894
Nicole Wesch, +49-69-97142893

NOTE TO EDITORS:
About 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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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 Launch of Dow Jones Brazil Titans 20 ADR Index

   

NEW YORK (Nov. 29, 2004)—Dow Jones Indexes, a leading global index provider, today announced the launch of the Dow Jones Brazil Titans 20 ADR Index. It will be based on the ADR prices of the 20 largest and most liquid Brazilian stocks traded at the New York Stock Exchange, American Stock Exchange or Nasdaq. The Dow Jones Brazil Titans 20 ADR Index will be licensed to Bolsa de Mercadorias & Futuros—a leading Brazilian Exchange— to be used as underlying for futures contracts.

The Dow Jones Brazil Titans 20 ADR index was created so it could be used as an underlying for index-linked products, exchange-traded funds and derivatives because of the growing interest for investment tools that track the Brazilian market.

The Dow Jones Brazil Titans 20 ADR Index is comprised of the top 20 ADR-listed Brazilian companies based on free-float market capitalization. The selection takes into account size as well as liquidity. Single-component weightings are capped so that no company is more the 25% of the index, and that the weight of the five largest companies is no more than 50% of the total index to prevent dominance of any individual company.

The Dow Jones Brazil Titans 20 ADR Index is part of the Dow Jones Country Titans series which includes indexes that cover the following countries: Australia, Canada, France, Germany, Hong Kong, Italy, Japan, the Netherlands, Russia, South Africa, Spain, Switzerland, Turkey and the United Kingdom. The indexes are distributed on a real-time basis through major market-data vendors. Historical data on the Dow Jones Brazil Titans 20 ADR index will be available back to Dec. 31, 2000, with a base value of 10,000.

The methodology, as well as a full list of components including weightings and values of the Dow Jones Brazil Titans 20 ADR Index, is available at 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 Ltd. public relations group:

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

Frankfurt:
Simona Deckers, +49-69-97142894
Nicole Wesch, +49-69-97142893

NOTE TO EDITORS:
About 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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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' Australian, Asian, U.S. Indexes

   


New York, November 2, 2004On October 26, 2004 , News Corporation announced that their shareholders and option holders had approved the company's reincorporation into the U.S. from Australia . This corporate action requires adjustment of the following indexes: Dow Jones Australia Titans 30; Dow Jones Asia Titans 50; Dow Jones Asia Titans ex Japan ; Dow Jones Australia Total Market Index, Dow Jones U.S. Total Market Index and its respective sector indexes; and the Dow Jones Wilshire Indexes.

In the Dow Jones Australia Titans 30 News Corporation will be replaced by Bluescope Steel Ltd. ( Australia ). In the Dow Jones Asia Titans 50 News Corporation will be replaced by Wesfarmers Ltd. ( Australia ). In the Dow Jones Asia Titans ex Japan News Corporation will be replaced by Westfield Group ( Australia ).

News Corporation will be deleted from the Dow Jones Australia Total Market Index and its sector indexes and will be added to the Dow Jones U.S. Total Market Index and the Dow Jones U.S. Broadcasting Index.

The changes in the indexes will be effective at the close of trade on Wednesday, November 3, 2004 .

Later this month, Dow Jones Indexes will determine if News Corporation will be added to the Dow Jones Wilshire 5000 Composite index. In order to be added to the index News Corporation needs to trade on a primary U.S. exchange by the close of business on November 17, 2004 with all SEC filings available.

Further information on the indexes can be found on the Dow Jones Indexes' web site http://www.djindexes.com.

Company additions to and deletions from the Dow Jones Australia Titans 30; Dow Jones Asia Titans 50; Dow Jones Asia Titans ex Japan; Dow Jones Australia Total Market Index, Dow Jones U.S. Total Market Index and its respective sector indexes; Dow Jones Wilshire Indexes do not in any way reflect an opinion on the investment merits of the company.

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

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

Frankfurt:
Simona Deckers, +49-69-97142894
Nicole Wesch, +49-69-97142893

NOTE TO EDITORS:
About 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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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 Made to Dow Jones Sector Titans Telecommunications Index

   


New York, October 26, 2004Dow Jones Indexes today announced a component change in the Dow Jones Sector Titans Telecommunications index.

AT&T Wireless Services Inc. (US) will be deleted from the Dow Jones Sector Titans Telecommunications index and replaced by mmO2 PLC ( Great Britain ). AT&T Wireless Services Inc. is being deleted because of its acquisition by Cingular Wireless LLC (US).

The changes in the Dow Jones Sector Titans Telecommunications index will be effective at the start of trading Wednesday, October 27, 2004.

Further information as well as the complete component list of the Dow Jones Sector Titans 30 Indexes can be found on the Dow Jones Indexes' web site http://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 Ltd. public relations group:

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

Frankfurt:
Simona Deckers, +49-69-97142894
Nicole Wesch, +49-69-97142893

NOTE TO EDITORS:
About 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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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 GLOBAL TITANS 50 SURVEY FINDS THAT GROWTH WILL COME FROM CHINA, NOT M&A, DURING NEXT FIVE YEARS

   


New York, October 5, 2004 – Dow Jones Indexes, a leading global index provider, today announced the results of the first Dow Jones Global Titans 50 survey taken on the 5th anniversary of the first global blue-chip index, tracking the world’s largest and best-known companies.

More than one-third of the companies surveyed predicted growth in China will have the biggest positive impact on their business during the next five years. By a 2-to-1 margin, survey respondents see aging populations and skilled labor shortages as bigger obstacles to growth than terrorism or growth in China. Seventy-four percent also see stock ownership by international shareholders increasing during the next five years. Biotech, data mining and wireless ware are seen as the most critical technologies for the companies in the next five years.

The survey was completed in August 2004 and explored the opportunities, challenges and business trends these leading global blue-chip companies will face in the five years ahead.

The Dow Jones Global Titans 50 is a transparent, highly investable index built on a rules-based methodology composed of the most actively traded global stocks. The index is licensed to more than 32 financial institutions globally. More than $5 billion in assets is linked to the index among about 20 publicly traded funds.

Some questions addressed in the survey were: Where do members of the Dow Jones Global Titans 50 see their business coming from over the next five years? What markets? What will define value? What technologies will drive innovation?

The Dow Jones Global Titans 50 Index serves as a benchmark to track the performance of 50 of the largest multinational corporations as an overall asset class. Five years ago, Dow Jones Indexes recognized that the companies serving the world's consumers shared more in common with their multinational peers than their domestic counterparts. The index was created to reflect this growing trend toward global investing.

For complete survey results, as well as for further information on perimeters used to compose the survey please contact the Dow Jones Indexes/STOXX Ltd. public relations group.

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

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

Frankfurt:
Simona Deckers, +49-69-97142894
Nicole Wesch, +49-69-97142893

NOTE TO EDITORS:
About 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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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 ISLAMIC MARKET INDEX FOR TURKEY
 
   

ISTANBUL, TURKEY, September 28, 2004—Dow Jones Indexes, a leading global index provider, today launched the Dow Jones Islamic Market Turkey Index at the International Islamic Finance Forum in Istanbul. The Dow Jones Islamic Market Turkey Index was created for investors who wish to invest according to Islamic investment guidelines. The index is part of the Dow Jones Islamic Market index series and tracks stocks from Turkey providing Islamic investors with comprehensive tools based on the performance of the Turkish market.

"Turkey represents a well-developed corporate landscape among emerging countries—especially with Islamic investors, who consider Turkey an interesting market," said Lars Hamich, managing director of STOXX Ltd., the joint venture that is responsible for Dow Jones Indexes business development in Europe, Asia, and the Middle East. "Dow Jones Indexes created the Dow Jones Islamic Market Turkey Index to provide investment professionals with a tool to strategize their investments according to their needs and principles. We also expect increased interest from market participants in other countries with a large clientele for Islamic investing."

The Dow Jones Islamic Market Turkey Index follows a rules-based index methodology consistent with the Dow Jones Islamic Market Index family. The current 17-component index includes all stocks in the Dow Jones Emerging Europe Index that are traded on the Istanbul stock exchange and fulfill the requirements of the Dow Jones Islamic Market Indexes.

Excluded from the index are stocks that represent the following lines of business: alcohol, tobacco, pork-related products, financial services, defense/weapons, and entertainment. Also excluded are companies whose total debt dividend by trailing 12-month average market capitalization is greater than or equal to 33% or more those whose cash plus interest bearing securities divided by trailing 12-month average market capitalization is greater than or equal to 33%. Additionally, companies whose accounts receivables divided by total assets is greater than or equal to 45% or more are excluded from the Dow Jones Islamic Market Turkey Index.

The Dow Jones Islamic Market Turkey Index is calculated in the local currency Turkish Lira. Companies included in the Dow Jones Islamic Market Turkey Index are selected according to float-adjusted market capitalization. The indexes' free-float market capitalization is 6,341,479 billion Turkish Lira ($4.20 billion) as of Sept. 13, 2004. End-of-day index values are available through the major data vendors. The base value of the Dow Jones Islamic Market Turkey Index is 1,000 as of Dec. 31, 2002. The index is reviewed quarterly in March, June, September and December.

The Dow Jones Islamic Market Turkey Index is the newest addition to the already existing Dow Jones Islamic Market country indexes such as the Dow Jones Islamic Market Japan Index, Dow Jones Islamic Market UK Index, Dow Jones Islamic Market Canada Index, Dow Jones Islamic Market Malaysia Index and the Dow Jones Islamic Market US Titans 50 Index.

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 +49-69-9714289
Nicole Wesc, +49-69-97142893

Note to editors:
About 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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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 Universal 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 CHINA INDEXES
Dow Jones Indexes Changes China Indexes Components

 
   

BEIJING, September 23, 2004—Dow Jones Indexes today announced the results of the third regular quarterly review in 2004 for Dow Jones China Indexes (Dow-China Indexes). The component changes in the Dow Jones China 88 (Dow-China 88), Dow Jones China Total Market (Dow-China Total Market), Dow Jones Shanghai (Dow-Shanghai) and Dow Jones Shenzhen (Dow-Shenzhen) Index will be effective on October 8, 2004.

Following the adjustment, eight components have been deleted and an additional eight components have been added to the Dow-China 88, which tracks the largest and most liquid 88 stocks in China’s Class-A market and reflects roughly 33.83% of the total float market capitalization of both the Shanghai and Shenzhen markets. The number of Shanghai-listed stocks in the Dow-China 88 remains to be 57 components, while the number of Shenzhen-listed stocks remains to be 31 components. In terms of the market capitalization, Shanghai-listed stocks now represent 70.38% of the Dow-China 88, compared to 29.62% for Shenzhen-listed components.

Meanwhile, the first quarterly review of the Dow Jones CBN China 600 Index was implemented, which was launched on September 6, 2004. As a result of this regular review four components have been deleted and an additional four components have been added to the DJ-CBN 600 Index, which reflects roughly 80% of China’s total float market capitalization. The component changes of the DJ-CBN 600 Index will be effective on October 8, 2004.

Also on October 8, the components of the Dow-China Total Market will increase to 1116 from 1082, with 1051 A-shares and 65 B-shares. The number of components in the Dow-Shanghai Index will increase to 686 from 664, with 26 additions and four deletions, while the number of components in the Dow-Shenzhen index will increase to 430 from 418, with 19 additions and seven deletions. The Dow-Shanghai and the Dow-Shenzhen each represents roughly 95 percent of the market capitalization of their given markets, the Shanghai market and Shenzhen market. The Dow-China Total Market Index reflects roughly 95 percent of the market capitalization for both the Shanghai and Shenzhen markets.

Aimed at providing investors in China and around the world with an accurate tool for tracking equity performance in China’s growing stock markets, the Dow-China Indexes are constructed with the same strict standards used to develop the Dow Jones Global Indexes.

Float-adjusted shares, which exclude all state-owned shares and unlisted employee shares, are used for stock selection and index calculation, in order to provide an accurate representation of the shares that are actually available to investors for trading. In calculating free-float for selection of component stocks, the Dow Jones Indexes exclude block holdings of individuals, other companies or governments that exceed 5% of total market value.

Dow Jones China Index component lists and weightings are available at http://chinaindex.dowjones.com.

The Dow-China Indexes were launched May 27, 1996. Dow Jones & Company, a world-wide provider of business information, launched the Dow-China Indexes to commemorate the 100th anniversary of the world’s most widely reported market indicator, the Dow Jones Industrial Average, which was launched in 1896. All four indexes in the Dow-China Index series have a base value of 100 on Dec. 31, 1993.

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 group:

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

Frankfurt:
Simona Deckers +49-69-9714289
Nicole Wesc, +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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

About Dow Jones & Company
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 Universal 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 HEDGE FUND INDEXES ANNOUNCES CHANGE IN THE DOW JONES HEDGE FUND STRATEGY MERGER ARBITRAGE BENCHMARK
 
   

NEW YORK, September 20, 2004—Dow Jones Hedge Fund Indexes (DJHFI) today announced a component change in the Dow Jones Hedge Fund Merger Arbitrage Strategy Benchmark.

Effective with the opening of trading today, Mangan & McColl was removed as a component of the Dow Jones Hedge Fund Merger Arbitrage Strategy Benchmark. It isn’t being replaced immediately, leaving the Merger Arbitrage strategy with eight managers as components. Mangan & McColl will continue to be a component of the Dow Jones Hedge Fund Event Driven Strategy Benchmark.

The change being announced today is a result of a quarterly review of the Benchmarks by the Dow Jones Indexes Hedge Fund Strategy Benchmark Advisory Committee (DJHFSB). The members of the DJHFSB Committee oversee, and are responsible for, the processes used for the on-going maintenance of the Benchmarks. The committee reviews the Benchmark components with respect to consistency in style, performance – absolute and relative to peers -- and satisfactory on/off site due-diligence meetings with the managers.

The Dow Jones Hedge Fund Strategy Benchmarks measure individual hedge fund strategies. The five existing strategies are Equity Market Neutral, Convertible Arbitrage, Distressed Securities, Merger Arbitrage and Event Driven. Beginning in early October, DJHFI will begin publishing the Dow Jones Hedge Fund Equity Long/Short (U.S.) Strategy Benchmark, which complements the already-existing five strategies. DJHFI provides style-pure, hedge fund strategy indexes that exhibit highly correlated component returns. The methodologies and components underlying the Dow Jones Hedge Fund Strategy Benchmarks are available on the Dow Jones Indexes Web site at www.djindexes.com.

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, Independent Advisor
  • 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

Company additions to and deletions from the Dow Jones Hedge Fund Strategy Benchmarks do not in any way reflect an opinion on the investment merits of the company.

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 +49-69-9714289
Nicole Wesc, +49-69-97142893

Note to editors:
About 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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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 TURKEY TITANS 20 TO SERVE AS BASIS OF EXCHANGE-TRADED FUND
Finans Portfoy To Launch first ETF linked to Index

 
 

NEW YORK, September 20, 2004—Dow Jones Indexes, a leading global index provider, has licensed the Dow Jones Turkey Titans 20 Index to Finans Portfoy AS —one of the leading asset management companies in Turkey and an affiliate of Finansbank— to be used as the underlying benchmark index for an exchange-traded fund (ETF). The Dow Jones Istanbul 20 ETF is expected to be listed for trading on the Istanbul Stock Exchange within two months.

"Now, for the first time, investors will be able to participate in the performance of the Turkish stock market by investing in the Dow Jones Istanbul 20 ETF," said Lars Hamich, managing director of STOXX Ltd., the joint venture responsible for Dow Jones Indexes’ business development in Europe, Asia and the Middle East. "The Dow Jones Titans index series was created to meet market demand for efficient tools that could be used as the underlying benchmark for investment products. Due to its rules-based methodology and data transparency, the Dow Jones Turkey Titans 20 Index is an ideal proxy for the Turkish market."

"Finans Portfoy aims to deliver a world-class product for the Turkish and foreign investment community. The licensing agreement with Dow Jones Indexes plays a pivotal role in this project," said Dr. Omer Aras, executive board member of Finansbank.

He added: "The American Stock Exchange provided us with the know-how for Dow Jones Istanbul 20 ETF while the Capital Markets Board of Turkey, the Istanbul Stock Exchange and Takasbank played crucial roles to create the legal, trading and operational infrastructure for ETFs in Turkey. We believe our Dow Jones Istanbul 20 ETF will help the retail and institutional investors to develop additional tools to invest in a rapidly developing market, which is on its way to becoming a member of European Union. "

This new Dow Jones Istanbul 20 ETF will be the first exchange-listed product linked to the Dow Jones Turkey Titans 20 Index, and the first ETF in Turkey. The Dow Jones Turkey Titans 20 index was launched Aug. 3, 2004.

The 20 stocks selected for the Dow Jones Turkey Titans 20 are the largest and most liquid securities in the Turkish market. The Dow Jones Turkey Titans 20 index is free-float market capitalization weighted with individual component weights capped at 10% to prevent dominance by any individual company. Its free-float market capitalization amounts to $14 billion as of Sept. 16, 2004.

The Dow Jones Turkey Titans 20 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; 14 Dow Jones Country Titans indexes; Dow Jones Tiger Titans 50; and the Dow Jones Islamic Titans 100.

The indexes are distributed on a real-time basis through major market data vendors. Historical data on the Dow Jones Turkey Titans 20 index will be available back to Dec. 31, 2002, with a base value of 100.

The full list of components, including weightings and values of the Dow Jones Turkey Titans 20 Index, is available on www.djindexes.com.

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

Dow Jones Indexes
N ew York

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

Frankfurt:
Simona Deckers +49-69-9714289
Nicole Wesc +49-69-97142893

Finans Portfoy
Istanbul:

C. Ozgur Guneri +90-212-336-7171 ozgurg@finansportfoy.com
Zafer Onat +90-212-336-7171 zafero@finansportfoy.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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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 Universal of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.


Finans Portfoy
Finans Portfoy is the asset management arm of Finansbank, part of the FIBA group of companies, one of Turkey’s largest financial services group. Finans Portfoy is engaged in the area of asset management and manages mutual funds and discretionary portfolios for both high net-worth individuals and selective institutions. Finans Portfoy offers access to developed and developing markets for its investors.

Finansbank AS is the fifth largest private bank in Turkey with consolidated assets totaling USD 7.47 billion at year end 2003. Finansbank AS has 165 local branches and through its international subsidiaries and affiliates, Finansbank operates in 10 countries (Turkey, Switzerland, Holland, France, Germany, Belgium, Russia, Romania, Ireland, Bahrain). Finansbank is the most international Turkish bank in terms of its international investments and network.


DOW JONES INDEXES HIRES NEW GLOBAL PUBLIC RELATIONS ASSOCIATES
 
   

NEW YORK, September 16, 2004—Dow Jones Indexes, a leading global index provider, today announced the hiring of three associates to its global public relations team.

Nicole Wesch takes over the public relations specialist position formerly held by Stephanie Schleidt. Based in Frankfurt, Ms. Wesch, who brings to the position more than four years of experience in financial-market communications, is responsible for providing information to the media on the Dow Jones and Dow Jones STOXX family of indexes. In addition, she will work with the regional business development team to expand market awareness of the Dow Jones and Dow Jones STOXX benchmark and blue-chip indexes.

Ms. Wesch joins Dow Jones Indexes from Credit Suisse Asset Management, also based in Frankfurt, where she served as manager of public relations and internal communications. At Dow Jones Indexes, she will assist media in Germany, Great Britain, the Netherlands and some Eastern European countries, as well as Russia and Turkey.

Andra Noeding and Rebecca Patterson also joined the public relations team recently in Frankfurt and New York, respectively, and will be responsible for media observation and research in the European, Middle East, Asian and U.S. markets.

Dow Jones Indexes also represents STOXX Limited's PR activities. STOXX Ltd. is a joint venture of Deutsche Börse AG, Dow Jones & Company, and SWX Swiss Exchange.

"As our business grows globally, we recognize the importance of responding to the needs of the media market," said Sybille Reitz, global director of Public Relations, Dow Jones Indexes. "By having representatives on the ground who are familiar with local business culture and language, and are available no matter the country, time zone or language, we can accomplish this."

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 group:

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

Frankfurt:
Simona Deckers +49-69-9714289
Nicole Wesc, +49-69-97142893

Note to editors:
About 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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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 Universal 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 NEW DOW JONES HEDGE FUND STRATEGY BENCHMARK
Addition of New Benchmark Brings Total to Six Hedge Fund Strategies Published

 
   

NEW YORK, September 15, 2004—Dow Jones Indexes, a leading global index provider, today announced that it will expand its indexes offered by Dow Jones Hedge Fund Indexes, Inc. (DJHFI). Beginning in early October, DJHFI will begin publishing the Dow Jones Hedge Fund Strategy Benchmark Equity Long/Short (U.S.), which complements the already-existing five strategies.

"The equity long-short strategy uses techniques such as short selling and derivatives, which aren't available to traditional equity-based investment portfolios in pursuit of supplemental sources of return," said Ridgely Walters, president of DJHFI. "We think the Dow Jones Hedge Fund Strategy Equity Long/Short Benchmark will be a strong addition to our existing five strategies."

The Dow Jones Hedge Fund Strategy Benchmarks measure individual hedge fund strategies. The five existing strategies are Equity Market Neutral, Convertible Arbitrage, Distressed Securities, Merger Arbitrage and Event Driven. DJHFI provides style-pure, hedge fund strategy indexes that exhibit highly correlated component returns. The methodologies and components underlying the Dow Jones Hedge Fund Strategy Benchmarks are 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 methodologically sound and objectively maintained. The advisory committee has eight members, including representation from DJHFI, Dow Jones Indexes and seven representatives comprised of professionals affiliated with major institutions and pension plans responsible for pursuing investments in alternative assets.

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, Independent Advisor
  • 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

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 group:

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

Frankfurt:
Simona Deckers +49-69-9714289
Nicole Wesc, +49-69-97142893

Note to editors:
About 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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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 Universal 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 MADE TO DOW JONES ITALY TITANS 30

 
   

NEW YORK, September 10, 2004—Dow Jones Indexes today announced component changes in the Dow Jones Italy Titans 30.

Effective before the open of trade on Monday, September 20, Banca Popolare di Milano S.C.A.R.L will replace Tiscali S.p.A. in the Dow Jones Italy Titans 30 Index. Tiscali S.p.A is to be deleted due to the "Early Removal Rule". The 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 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

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

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 +49-69-9714289
Nicole Wesc, +49-69-97142893

Note to editors:
About 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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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 Universal 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 SECTOR TITANS

 
   

NEW YORK, September 7, 2004—Dow Jones Indexes today announced component changes to the Dow Jones Sector Titans 30 as a result of an annual review that also utilizes the new Dow Jones Indexes/FTSE Industry Classification Benchmark format.

Normally, the Dow Jones Sector Titans indexes are reviewed annually in June. The review was postponed to coincide with the implementation of the new Dow Jones Indexes/FTSE Industry Classification system (ICB) by Dow Jones Indexes. The ICB system will create a single, seamless structure covering equities and corporate bonds globally and will cover 50,000 companies. The extraordinary changes in the Dow Jones Sector Titans indexes are a result of sector reclassifications of component companies with the implementation of the new ICB system as well as the annual review. The following companies will be added/deleted from the Dow Jones Sector Titans indexes:

Country Company
Add/Delete
Reason for Removal
US Valero Energy Corp.
add
Annual Review
South Africa Sasol Ltd.
add
ICB Sector Change
US Transocean Inc.
delete
Annual Review
US Kerr-McGee Corp.
delete
Annual Review
Dow Jones Sector Titans Chemicals
US Monsanto Co.
add
Annual Review
Taiwan Formosa Petrochemical Corp.
add
Annual Review
Japan Toray Industries Inc.
add
Annual Review
South Africa Sasol Ltd.
delete
ICB Sector Change
US Engelhard Corp.
delete
Annual Review
US Eastman Chemical Co.
delete
Annual Review
Dow Jones Sector Titans Basic Resources
Country Company
Add/Delete
Reason for Removal
Japan Sumitomo Metal Industries Ltd.
add
Annual Review
US Phelps Dodge Corp.
add
Annual Review
Canada Placer Dome Inc.
add
Annual Review
US MeadWestvaco Corp.
add
Annual Review
US Georgia-Pacific Corp.
delete
ICB Sector Change
Canada Abitibi-Consolidated Inc.
delete
Annual Review
South Africa Anglo American Platinum Corp. Ltd.
delete
Annual Review
Germany ThyssenKrupp AG
delete
Annual Review
Dow Jones Sector Titans Construction & Materials
US Fortune Brands Inc.
add
ICB Sector Change
US American Standard Cos. Inc.
add
Annual Review
Japan Matsushita Electric Works Ltd.
add
Annual Review
US Georgia-Pacific Corp.
add
ICB Sector Change
Great Britain BPB PLC
delete
Annual Review
Japan Taiheiyo Cement Corp.
delete
Annual Review
Hong Kong CITIC Pacific Ltd.
delete
Annual Review
US Jacobs Engineering Group Inc.
delete
Annual Review
Dow Jones Sector Titans Industrial Goods & Services
France Schneider Electric S.A.
add
Annual Review
Japan Toshiba Corp.
add
ICB Sector Change
Japan Mitsubishi Heavy Industries Ltd.
delete
Annual Review
Japan East Japan Railway Co.
delete
ICB Sector Change
Dow Jones Sector Titans Automobiles & Parts
US Harley-Davidson Inc.
add
ICB Sector Change
Japan Mitsubishi Motors Corp.
delete
Annual Review
Dow Jones Sector Titans Personal & Household Goods
Japan Sony Corp.
add
ICB Sector Change
France LVMH Moet Hennessy Louis Vuitton
add
ICB Sector Change
Japan Matsushita Electric Industrial Co. Ltd.
add
ICB Sector Change
Japan Fuji Photo Film Co. Ltd.
add
ICB Sector Change
Netherlands Koninklijke Philips Electronics N.V.
add
ICB Sector Change
Japan Sharp Corp.
add
ICB Sector Change
US Nike Inc. Cl B
add
ICB Sector Change
Switzerland Compagnie Financiere Richemont S.A.
add
ICB Sector Change
Japan Nintendo Co. Ltd.
add
ICB Sector Change
US Eastman Kodak Co.
add
ICB Sector Change
US Electronic Arts Inc.
add
ICB Sector Change
Japan Sanyo Electric Co. Ltd.
add
ICB Sector Change
US Mattel Inc.
add
ICB Sector Change
Japan Sekisui House Ltd.
add
ICB Sector Change
Sweden AB B
add
ICB Sector Change
US Cendant Corp.
delete
ICB Sector Change
US eBay Inc.
delete
ICB Sector Change
US IAC/InterActiveCorp.
delete
ICB Sector Change
Great Britain J Sainsbury PLC
delete
Annual Review
Great Britain Tesco PLC
delete
ICB Sector Change
Netherlands Koninklijke Ahold N.V.
delete
ICB Sector Change
France Carrefour S.A.
delete
ICB Sector Change
Japan Seven-Eleven Japan Co. Ltd.
delete
ICB Sector Change
Australia Woolworths Ltd.
delete
Annual Review
US Albertsons Inc.
delete
Annual Review
US Kroger Co.
delete
ICB Sector Change
US Safeway Inc.
delete
Annual Review
US Sysco Corp.
delete
ICB Sector Change
US Fortune Brands Inc.
delete
ICB Sector Change
US Newell Rubbermaid Inc.
delete
Annual Review
Dow Jones Sector Titans Healthcare
US Boston Scientific Corp.
add
Annual Review
US Tenet Healthcare Corp.
delete
Annual Review
Dow Jones Sector Titans Retail
Great Britain Tesco PLC
add
ICB Sector Change
France Carrefour S.A.
add
ICB Sector Change
US Sysco Corp.
add
ICB Sector Change
US IAC/InterActiveCorp.
add
ICB Sector Change
US Kroger Co.
add
ICB Sector Change
US eBay Inc.
add
ICB Sector Change
Japan Seven-Eleven Japan Co. Ltd.
add
ICB Sector Change
Netherlands Koninklijke Ahold N.V.
add
ICB Sector Change
US Bed Bath & Beyond Inc.
delete
Annual Review
Mexico Wal-Mart de Mexico S.A. de C.V. V
delete
Annual Review
France Pinault-Printemps-Redoute S.A.
delete
Annual Review
US May Department Stores Co.
delete
Annual Review
Country Company
Add/Delete
Reason for Removal
US Sears, Roebuck & Co.
delete
Annual Review
Great Britain Boots Group PLC
delete
Annual Review
US AmerisourceBergen Corp. (Holding Co.)
delete
Annual Review
US Limited Brands Inc.
delete
Annual Review
Dow Jones Sector Titans Media
Japan Dai Nippon Printing Co. Ltd.
add
Annual Review
Japan Toppan Printing Co. Ltd.
add
Annual Review
US Cox Communications Inc. Cl A
delete
Annual Review
Netherlands Wolters Kluwer N.V. Cert.
delete
Annual Review
Dow Jones Sector Titans Travel & Leisure
Japan East Japan Railway Co.
add
ICB Sector Change
US Cendant Corp.
add
ICB Sector Change
Japan Central Japan Railway Co.
add
Annual Review
Great Britain Carnival PLC
add
Annual Review
Japan West Japan Railway Co.
add
Annual Review
US Harrah's Entertainment Inc.
add
Annual Review
US Hilton Hotels Corp.
add
Annual Review
US Royal Caribbean Cruises Ltd.
add
Annual Review
Japan Kintetsu Corp.
add
Annual Review
Japan Tokyu Corp.
add
Annual Review
Great Britain Whitbread PLC
add
Annual Review
Singapore Singapore Airlines Ltd.
add
Annual Review
Germany Deutsche Lufthansa AG
add
Annual Review
Japan Oriental Land Co. Ltd.
add
Annual Review
Ireland Ryanair Holdings PLC
add
Annual Review
US Wendy's International Inc.
add
Annual Review
Australia TABCorp Holdings Ltd.
add
Annual Review
US Darden Restaurants Inc.
add
Annual Review
France LVMH Moet Hennessy Louis Vuitton
delete
ICB Sector Change
Switzerland Compagnie Financiere Richemont S.A.
delete
ICB Sector Change
Netherlands Koninklijke Philips Electronics N.V.
delete
ICB Sector Change
Country Company
Add/Delete
Reason for Removal
Korea LG Electronics Inc.
delete
Annual Review
Japan Matsushita Electric Industrial Co. Ltd.
delete
ICB Sector Change
Japan Sanyo Electric Co. Ltd.
delete
ICB Sector Change
Japan Sharp Corp.
delete
ICB Sector Change
Japan Sony Corp.
delete
ICB Sector Change
US Nike Inc. Cl B
delete
ICB Sector Change
Sweden Electrolux AB B
delete
ICB Sector Change
Japan Sekisui House Ltd.
delete
ICB Sector Change
US Centex Corp.
delete
Annual Review
Japan Fuji Photo Film Co. Ltd.
delete
ICB Sector Change
US Eastman Kodak Co.
delete
ICB Sector Change
US Harley-Davidson Inc.
delete
ICB Sector Change
Japan Nintendo Co. Ltd.
delete
ICB Sector Change
US Electronic Arts Inc.
delete
ICB Sector Change
US Mattel Inc.
delete
ICB Sector Change
Dow Jones Sector Titans Banks
US Citigroup Inc.
add
ICB Sector Change
US Bank of New York Co.
delete
Annual Review
Dow Jones Sector Titans Financial Services
Taiwan Cathay Financial Holding Co. Ltd.
add
Annual Review
US Simon Property Group Inc.
add
Annual Review
Canada Power Corp. of Canada
delete
Annual Review
US Citigroup Inc.
delete
ICB Sector Change
Dow Jones Sector Titans Technology
US Yahoo! Inc.
add
Annual Review
Japan NEC Corp.
add
Annual Review
Japan Toshiba Corp.
delete
ICB Sector Change
US VERITAS Software Corp.
delete
Annual Review

The changes will be effective with the opening of trading on September 20, 2004.

Full component lists, including market capitalization and weightings are available at www.djindexes.com.

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

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 +49-69-9714289
Nicole Wesc, +49-69-97142893

Note to editors:
About 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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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 INDEXES, CHINA BUSINESS NETWORK TO LAUNCH BROAD CHINA INDEX

 
 
CBN

NEW YORK, September 6, 2004—Dow Jones Indexes, a leading global index provider, and China Business Network Co. Ltd. (CBN), a leading professional financial-media company, today launched the Dow Jones CBN China 600 Index, a broad Chinese benchmark index.

The Dow Jones CBN China 600 Index is an authoritative index covering both Shanghai and Shenzhen security markets. This partnership further strengthens Dow Jones Indexes presence in China and enhances CBN's position as a professional business and financial information provider for this market.

The Dow Jones CBN China 600 Index, which is calculated in the local currency, Chinese Reninbi, provides a rules-based index methodology consistent with the Dow Jones Global Index family, which has proven popular with market participants using the Dow Jones STOXX 600 Index.

The 600 A-share stocks included in the Dow Jones CBN China 600 Index are the largest companies listed at the Shanghai Stock Exchange and Shenzhen Stock Exchange. Companies included in the Dow Jones CBN China 600 are selected according to float-adjusted market capitalization. The indexes' free-float market capitalization is 888.5 billion Renminbi ($107.35 billion) as of Aug. 31, 2004, which is approximately 70% of China's total market capitalization. The base value of the Dow Jones CBN China 600 Index is 20,000 at Dec. 31, 2000

Real time index data will be disseminated through the major data vendors. The index will be published also on a daily basis through The Wall Street Journal, The Asian Wall Street Journal, CBN's TV media and CBN Daily newspaper.

The full list of components including weightings and values of the Dow Jones CBN China 600 Index is available on:

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:

Bejing
Kejia Wu +86-10-6581-4090

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

Frankfurt:
Simona Deckers +49-69-9714289
Nicole Wesc, +49-69-97142893

CBN
Shanghai, Business Development Dept., liuzhen +86-21-62173437

Note to editors:
About 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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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 Universal 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 U.S. TOTAL MARKET AND DOW JONES INTERNET COMMERCE INDEXES
Changes Being Made Are a Result of a Regular Quarterly Review

 
   

NEW YORK, September 2, 2004—Dow Jones Indexes today announced changes in the composition of the Dow Jones U.S. Total Market and Dow Jones Internet Commerce indexes.

Effective with the start of trading on Monday, September 20, 2004, the following nine companies will be added to the Dow Jones U.S. Total Market index, bringing the number of components in the Dow Jones U.S. Total Market Index to 1,623

ADD
ADD
ADD
MCI Inc.
Assurant Inc.
International Steel Group Inc.
palmOne Inc.
Plains Exploration & Production Co.

Houston Exploration Co.

Denbury Resources Inc.
TASER International Inc.
Google Inc. Cl A

The following three companies will be deleted from the Dow Jones U.S. Total Market index:

DELETE
DELETE
DELETE
Three-Five Systems Inc.
Concurrent Computer Corp.
Pharmacopeia Drug Discovery Inc.

Google Inc. Cl A also will be added to the Dow Jones Internet Commerce Index while E-Loan Inc. will be deleted from the index

The Dow Jones U.S. Total Market Index is part of Dow Jones Total Market Indexes, a core index family of more than 3,000 international equity indexes. The family includes world, region and country indexes, as well as economic sector, market sector, industry group and sub-group indexes. The indexes are constructed to provide 95% of free float market-capitalization coverage of developed markets and 95% coverage of emerging markets. The Dow Jones U.S. Total Market Index covers 95% of the free float market-capitalization of the U.S. market.

The Dow Jones Internet Indexes are designed and maintained according to a set of rules that were devised with the goal of providing clear, accurate views of this widely followed market segment.

For its stock to be eligible for the Internet indexes, a company must generate at least 50% of annual sales/revenues from the Internet, and be currently included in the Dow Jones U.S. Index.

Changes are being announced today after the conclusion of a regular quarterly component review.

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, +49-69-9714289
Nicole Wesch, +49-69-97142893

Company additions to and deletions from the Dow Jones U.S. Total Market and Dow Jones Internet Commerce Indexes do not in any way reflect an opinion on the investment merits of the company.

Note to editors:
About 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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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 Universal 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 ITALY TITANS 30 TO SERVE AS BASIS OF EXCHANGE-TRADED FUND

 
   

NEW YORK, September 2, 2004—Dow Jones Indexes, a leading global index provider, has licensed the Dow Jones Italy Titans 30 Index to Indexchange–one of Europe's biggest exchange-traded funds (ETF) issuers–to be used as the underlying for an ETF. The ETF on the Dow Jones Italy Titans 30 is expected to be launched soon.

"We are proud to have the opportunity to extend the many advantages of ETFs– liquidity, transparency and flexibility at extremely low prices–to the Italian market," said Thomas Meyer zu Drewer, chief information officer of Indexchange. "This new ETF will cover the 30 most important and most liquid Italian equities."

"The Dow Jones Titans index series was created to meet market demand for efficient tools that could be used as the underlying for investment products. Due to its rules-based methodology and data transparency, the Dow Jones Italy Titans 30 Index is an ideal proxy to gain exposure to the Italian market," said Lars Hamich, managing director of STOXX Ltd., the joint venture that is responsible for Dow Jones Indexes' business development in Europe, Asia and the Middle East.

Mr. Hamich added: "As 29 out of the 30 stocks of the MIB 30 are represented in the Dow Jones Italy Titans 30, the index is a comparable tool to the MIB 30 with the additional advantage of being UCITS III compliant. The comparability of the two indexes is further evidenced by examining their correlation and tracking error. Correlation is extremely high, at 0.9962, and tracking error is a low 2.32%."

This new ETF will be the second exchange-listed product using the Dow Jones Italy Titans 30 Index, after Eurex's launch of Dow Jones Italy Titans 30 futures in July 2004. This derivative product by Eurex was welcomed by the marketplace and has found rapid acceptance among investors.

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 group:

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

Frankfurt:
Simona Deckers, +49-69-9714289; Nicole Wesch, +49-69-97142893

Note to editors:
About 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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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 Universal 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 , 2004—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 20, 2004 .

The following company will join the Dow Jones EURO STOXX 50: Credit Agricole (France, Banks). The company exiting the index is: Volkswagen (Germany, Automobiles & Parts).

The following two components will be added to the Dow Jones STOXX 50: Ericsson LMB (Sweden, Technology) and Groupe Soc Generale (France, Banks). Components exiting the index are: Bayer (Germany, Chemicals) and Aegon (The Netherlands, Insurance).

The following two components will be added to the Dow Jones STOXX Nordic 30 index: Telenor (Norway, Telecommunications) and Statoil (Norway, Oil & Gas). Components exiting the index are Danisco (Denmark, Food & Beverage) and Vestas Wind Systems (Denmark, Industrial Goods & Services).

Changes are being announced today after the conclusion of a regular annual component review. The review is based on the blue-chip rules published on the STOXX web site www.stoxx.com using the August 2004 blue-chip selection lists. The selection lists are based on the stocks in the corresponding Dow Jones STOXX 600 index, Dow Jones EURO STOXX index, Dow Jones STOXX Nordic 30 index and their free float market capitalization as of August 31, 2004.

The component selection lists that are used for the 2004 annual Dow Jones STOXX blue-chip index review are based on the new Industry Classification Benchmark (ICB).

The underlying component data, new number of shares and free float factors – will be announced on September 15, 2004 and reflect all corporate actions effective before the above changes are implemented on the third Friday of September, which is September 17. The changes will be effective on the next trading day, which is September 20, 2004.

For further information please contact STOXX Ltd./Dow Jones Indexes Public Relations E-mail: PR-Indexes@dowjones.com .

Frankfurt:
Simona Deckers, +49-69-97142894, mobile, +49-160-90502679
Nicole Wesch, +49-69-97142893, mobile, +49-170-5637280

New York
Sybille A. Reitz, +1-917-603-6987 or +49-172-6918963
Karishma Thakkar, +1-212-597-5718, mobile, +1-646-281-1583

Company additions and deletions do not in any way reflect an opinion on the investment merits of the company.


STOXX Ltd. CHANGES THE COMPOSITION OF THE EUROPEAN BENCHAMRK INDEXES
Third Regular Quarterly Review to be Effective on September 20, 2004

 
   

ZURICH, August 17, 2004 – 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 and the Dow Jones STOXX Football Index.

Effective with the open of European markets on September 20, 2004 the following eight stocks will be added to the Dow Jones STOXX 600 and its respective sectors: Deutsche Postbank (Germany, Banks); Gestevision Telecinco (Spain, Media); Investment AB Kinnevik B (Sweden, Financial Services); Pagesjaunes (France, Media); PSP Swiss Property (Switzerland, Financial Services); Snecma (France, Industrial Goods & Services); Terna (Italy, Utilities); Tullow Oil (Great Britain, Oil & Gas).

Companies exiting the index are: Celanese (Germany, Chemicals); Colt Telecom (Great Britain, Telecommunications); Equant (France, Technology); M-Real-B (Finland, Basic Resources); Medion (Germany, Industrial Goods & Services); Terra Networks (Spain, Technology); Tiscali (Italy, Technology); Wetherspoon (J.D.) (Great Britain, Travel & Leisure).

The composition of the Dow Jones STOXX Football Index will remain the unchanged.

As of July 30, 2004 the total free-float market capitalization of the reconstituted Dow Jones STOXX 600 increased from €4,561.06 billion to €4,568.63 billion, and of the reconstituted Dow Jones STOXX Total Market Index from €4,778.31 billion to €4,787.52 billion.

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 September 15, 2004 after close of European markets. All changes will be effective on September 20, 2004.

A list with all changes in the Dow Jones STOXX Total Market Index is available on http://www.stoxx.com/info/reports/2004/reviews2004.html.

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 group:

Frankfurt:
Simona Deckers, +49-69-97142894

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

Company additions and deletions do not in any way reflect an opinion on the investment merits of the company.


STOXX Ltd. ADOPTS ICB, INDUSTRY CLASSIFICATION BENCHMARK
The Annual Blue-Chip Review Will Be Based on New Structure

 
   

ZURICH, August 4, 2004 – STOXX Ltd. today announced that it will adopt the Dow Jones Indexes/FTSE Industry Classification Benchmark (ICB) for all of its Dow Jones STOXX indexes in September.

ICB is the joint sector-classification system of Dow Jones Indexes and FTSE Group. In February 2004, Dow Jones Indexes and FTSE Group announced the merger of their sector-classification systems to create a single, seamless structure covering 50,000 companies globally.

The change will take place simultaneously with the annual Dow Jones STOXX blue-chip index review effective September 20. The results of the annual blue-chip review will be announced September 1.

The component selection lists that are used for the 2004 annual Dow Jones STOXX blue-chip index review will be based on the new ICB sector classification and will be published on August 4 on www.stoxx.com/info/reports/2004/icb_selection2004.html. For increased transparency, STOXX Ltd. will continue providing the selection list using the existing sector classification until September 1.

"The ICB structure will be totally transparent and rules-based like the existing classification system and a company's sector classification will be based on its revenues. While the new and old systems are similar, ICB provides a more detailed breakdown at the fourth-sector level," said Lars Hamich, managing director of STOXX Ltd.

"A number of large stock exchanges worldwide will adopt this joint classification system," Mr. Hamich said. "Their adoption will be an important factor in the success of making this system widely accepted."

An analysis of the changes in the Dow Jones STOXX 600 sector index can be found on the STOXX Website under www.stoxx.com/info/news/2004/im_20040804_stoxx600.xls.

The ICB breakdown and its respective sector definitions are available on www.stoxx.com/indexes/sector_classification.html.

A complete file of all Dow Jones STOXX Total Market Index (TMI) components containing old and new sector assignments is now available on www.stoxx.com/info/news/2004/im_20040804_stoxxtmi.xls..

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 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 LAUNCHES TURKISH BLUE-CHIP INDEX
Dow Jones Turkey Titans 20 Expected to attract financial products

 
   

NEW YORK, August 3, 2004 – Dow Jones Indexes, a leading global index provider, today launched the Dow Jones Turkey Titans 20 Index, a country blue-chip index that covers companies headquartered in Turkey.

"The Dow Jones Turkey Titans 20 was created to meet demand from the Turkish marketplace for a transparent, rules-based index that is a member of a consistent global index family and is appropriate for use as an underlying for financial products such as funds, exchange-traded funds, structured products and derivatives," said Lars Hamich, managing director of STOXX Ltd., the joint venture that is responsible for Dow Jones Indexes' business development in Europe, Asia and the Middle East. "By adding the Dow Jones Turkey Titans 20 to the existing Dow Jones Country Titans index family we further complement our blue-chip series of indexes which allows investors to allocate assets and switch easily from countries to regions and to global products," Mr. Hamich said.

The 20 stocks selected for the Dow Jones Turkey Titans 20 are the largest and most liquid securities in the Turkish market. The Dow Jones Turkey Titans 20 index is free-float market capitalization weighted with individual component weights capped at 10% to prevent dominance by any individual company. Its free-float market capitalization amounts $13 billion as of July 30, 2004.

The Dow Jones Turkey Titans 20 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, 14 Dow Jones Country Titans indexes, Dow Jones Tiger Titans 50 and the Dow Jones Islamic Titans 100.

The indexes are distributed on a real-time basis through major market data vendors. Historical data on the Dow Jones Turkey Titans 20 index will be available back to December 31, 2002, with a base value of 100.

The full list of components including weightings and values of the Dow Jones Turkey Titans 20 Index is available on 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 public relations group or DIFC media relations:

Dow Jones Indexes:
New York

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

Frankfurt:
Stephanie Schleidt, +49-69-9714289

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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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 Universal 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, China Business Network To Launch Broad China Index
 
 

NEW YORK, July 26, 2004 – Dow Jones Indexes, a leading global index provider, and China Business Network Co. Ltd. (CBN), a leading professional financial-media company, today announced the creation of the Dow Jones CBN China 600 Index, a broad Chinese benchmark index. The index, which will be launched in September 2004, covers companies listed at the Shanghai Stock Exchange and Shenzhen Stock Exchange.

The new index provides a rules-based index methodology consistent with the Dow Jones global index family, which has proven popular with market participants using the Dow Jones STOXX 600 Index.

"The Dow Jones CBN China 600 Index will include the largest Chinese market listings and will offer a clear and transparent market measure for China, providing valuable information about one of the world's most important markets," said Lars Hamich, managing director of STOXX Ltd., "the joint venture that is responsible for Dow Jones Indexes business development in Asia, Europe and the Middle East. The index will be distributed on a daily basis through The Wall Street Journal, The Asian Wall Street Journal, CBN's TV media and CBN Daily newspaper when it launches later this year. We expect our cooperation with the China Business Network to establish quickly the Dow Jones CBN China 600 as a key market benchmark for China, domestically and internationally."

Ruigang Li, CBN's chairman said: "By launching this new index, Dow Jones Indexes is combining–for the first time–it's own brand with another media brand overseas. Being the first authoritative index covering both Shanghai and Shenzhen security markets, the Dow Jones CBN China 600 Index is of strategic importance to CBN to emerge as a professional business and financial information provider as opposed to its current status as a cross-media business and financial-information promulgator."

The investable index is based on the stock prices of the 600 largest companies in China. The Dow Jones CBN China 600 Index will be part of the Dow Jones Global 1800/600 indexes series. The series comprises the Dow Jones STOXX 600 Index (Europe), the Dow Jones Americas 600 Index, the Dow Jones Asia/Pacific 600 Index and the Dow Jones Global 1800 Index, which is a composite of the three regional indexes.

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, +49-69-971428949
Stephanie Schleidt, +49-69-97142893

CBN:
Shanghai, Business Development Dept., liuzhen, +86-21-62173437

Note to editors

About 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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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 Universal of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.

About CBN

China Business Network (CBN), a wholly owned subsidiary of Shanghai Media Group (SMG), was incorporated in August 2003. Having merged the business channel of Shanghai TV Station and the business frequency of Eastern Radio Shanghai, the company stands ready to garner the benefits of shared resources in human capital, information and brand equity.

CBN channel is a unique Chinese business channel targeting at professional investors. Its headquarter is situated in Shanghai, with strong coverage network and studios in Beijing, Shenzhen and major banks and economic futures companies in Shanghai.It also has correspondents in Hong Kong, Singapore, Tokyo, New York and London etc. Running for 12 hours a day, its programs transmit current affairs, the latest financial news and analysis to its Chinese audience. Cooperating and interacting with over 30 financial radio stations in China , CBN frequency is proud to be the most influential expert in the field. CBN Daily, which will be a professional financial daily newspaper covering China, will be launched on 18th Oct 2004.

While strengthening its core competency, CBN is also making foray into other related areas and will emerge as a multi-channel business information provider with cross-region and cross-industry operation.


International Index Company launches Dow Jones iTraxx Asian CDS Indices
 
   

FRANKFURT, HONG KONG, LONDON, SINGAPORE, SYDNEY, TOKYO, July 26, 2004 – iTraxx Press Release


Component Changes Made to Dow Jones France Titans 30 and Dow Jones Sector Titans
 
   

NEW YORK, July 23, 2004 – Dow Jones Indexes today announced component changes in the Dow Jones France Titans 30 index and Dow Jones Sector Titans Healthcare index.

Effective with the opening of trading Wednesday, July 28, 2004 Aventis S.A will be deleted from the Dow Jones France Titans 30 index. Aventis S.A is being deleted from both indexes because of its merger with Sanofi-Synthelabo (France) Compagnie Generale des Etablissements Micheli will replace Aventis S.A in the Dow Jones France Titans 30 index. Genentech Inc. (US) will replace Aventis S.A. in Dow Jones Sector Titans Healthcare index.

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.

Further information as well as the complete component list of the Dow Jones France Titans 30 Index and Dow Jones Sector Titans Healthcare index can be found on the Dow Jones Indexes' web site http://www.djindexes.com.

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

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 group:

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

Frankfurt:
Stephanie Schleidt, +49-69-9714289

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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

About Dow Jones & Company:
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 Universal 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 EURO STOXX 50 and Dow Jones STOXX 600 Indexes
 
 

ZURICH, July 22, 2004 – STOXX Ltd. today announced changes in the composition of the Dow Jones EURO STOXX 50, Dow Jones STOXX 600 and its sector indexes as well as the Dow Jones STOXX Global 1800.

Effective with the open of European markets on July 28, 2004, Aventis (France, Healthcare sector) will be deleted from the Dow Jones EURO STOXX 50, Dow Jones STOXX 600 and its respective sectors as well as the Dow Jones STOXX Global 1800. Aventis is being deleted because of its merger with Sanofi Synthelabo (France, Healthcare sector).

SAP (Germany, Technology sector), the largest stock on the July 2004 selection list will replace Aventis in the Dow Jones EURO STOXX 50. Tandberg (Norway, Technology sector) will replace Aventis in the Dow Jones STOXX 600 and its sector indexes as well as in the Dow Jones STOXX Global 1800 index.

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 group:

Frankfurt:
Stephanie Schleidt, +49-69-9714289

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

Company additions and deletions in the Dow Jones EUROSTOXX 50, Dow Jones STOXX 600 and its sector indexes, and Dow Jones STOXX Global 1800 do not in any way reflect an opinion on the investment merits of the company.


Dow Jones Indexes Will Adjust Indexes Once Microsoft Dividend Is Approved
 
   

NEW YORK, July 22, 2004 – Dow Jones Indexes today announced some details of how Microsoft Corp's proposed special dividend will be handled in its index families.

Microsoft's proposed special dividend of $3 a share is subject to shareholder approval on Nov. 9, 2004 . If it is approved, Dow Jones Indexes said that at the appropriate time, it will adjust the divisors of all its indexes in which Microsoft is a component ¾ including the Dow Jones Industrial Average.

Divisor adjustments nullify the effect on the index values of the stock price being lowered by the amount of the dividend, which happens on what traders call the "ex-date." This is when the stock starts trading without the dividend payment. Microsoft said if it is approved by shareholders, the company will pay the dividend on Dec. 2, 2004, to holders of record Nov. 17, 2004 . However, no ex-date was specified. When it is, Dow Jones Indexes said that it will apply the respective divisor changes then.

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 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


STOXX LTD. LICENSES DOW JONES GLOBAL 1800 FAMILY AND ITS SUBINDEXES
The Index Will Be Rebranded as "Dow Jones STOXX Global 1800."

 

ZURICH, July 22, 2004 – STOXX Ltd. today announced it has licensed the Dow Jones Global 1800 family and all its subindexes from Dow Jones Indexes.

Effective immediately the index will be rebranded as "Dow Jones STOXX Global 1800." STOXX Ltd. will take over the client management, licensing, marketing and promotion of the Dow Jones STOXX Global 1800.

"Market participants increasingly are looking to build portfolios that cover global markets, or combine regions such as Europe and Asia in a cost-efficient and transparent way with a brand name that has a strong presence in the market place," said Lars Hamich, managing director, STOXX Ltd. "By licensing the Dow Jones STOXX Global 1800 family and subindexes, we will expand our strategy beyond Europe. We will accomplish this by offering existing clients and other market participants the option to complement their Dow Jones STOXX 600-based portfolios and investments with U.S.- and Asian-based index portfolios utilizing like methodology and offering the transparency associated with the existing pan-European Dow Jones STOXX benchmark family."

The 1800-stock index and its regional and sector subindexes are derived from the Dow Jones World Index, a broad-market global benchmark of approximately 5,000 stocks that reflects the market performance of the largest 600 companies in each of the developed markets of Europe, the Asia-Pacific region and the Americas. The index family is comprised of:

  • Dow Jones STOXX Global 1800 Index
  • Three regional indexes covering 1,200 components each: Dow Jones STOXX Global 1800 ex Americas, Dow Jones STOXX Global 1800 ex Europe and Dow Jones STOXX Global 1800 ex Asia/Pacific
  • Three regional indexes covering 600 components each: Dow Jones STOXX Americas 600, Dow Jones STOXX Asia/Pacific 600 and Dow Jones STOXX 600
  • Two subset indexes of the Dow Jones STOXX Global 1800 Asia/Pacific Index: Dow Jones STOXX Global 1800 Asia/Pacific ex Japan and Dow Jones STOXX Global 1800 Japan

The Dow Jones STOXX Global 1800 and its subindexes cover the world and regional indexes with a total of 108 sector indexes.

Further information about the Dow Jones STOXX Global 1800 index can be found at www.stoxx.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 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 SUSPEND PILOT PROGRAM FOR CALCULATION OF DOW JONES AVERAGES

   

NEW YORK, July 13, 2004 – Dow Jones Indexes today announced that effective Wednesday, July 14, it is suspending its pilot program to use American Stock Exchange pricing for opening and closing values of Nasdaq stocks in the Dow Jones Averages, which began July 1.

"The trading activity simply isn't present on the Amex to support this pilot program," said Michael A. Petronella, president of Dow Jones Indexes. "We're disappointed, but we felt we should take action now so that our clients can be assured of the source of opening and closing prices for these stocks."

There were nine Nasdaq stocks in the pilot program, including Intel and Microsoft in the Dow Jones Industrial Average. During the seven days the pilot program was in operation, only three stocks posted closing prices on the Amex. In the absence of opening and closing prices, Nasdaq pricing was used to calculate the averages. Henceforth, only Nasdaq pricing will be used

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 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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

About Dow Jones & Company:
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 Universal of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.


A MAJORITY OF COMPANIES IN DOW JONES SELECT DIVIDEND INDEX BOOST PAYOUTS IN 2004 THE PAST 12 MONTHS

   

NEW YORK, July 8, 2004 – Dow Jones Indexes today announced that 34 of the 50 stocks in the Dow Jones Select Dividend Index boosted payouts in the 12 months ended June 30.

The average increase in dividend payout was 10 cents a share, Dow Jones Indexes said, and they ranged from one cent to 68 cents. In percentage terms, the average increase was 8% and the range was from 0.5% to 41.5%.

"Components are chosen for the Dow Jones Select Dividend Index partly because they have a history of increasing their dividends over time," said John Prestbo, editor, Dow Jones Indexes. "But since past performance doesn't always correlate perfectly with current behavior, it is satisfying to see that 68% of the stocks lived up to their reputations."

Only one company in the index reduced its dividend in the 12-month period. NiSource Inc., a Midwest electric and gas utility, cut its quarterly payout by 20% to improve cash flow and maintain its credit rating.

"We don't boot a stock because a dividend is reduced, but we do if it is eliminated," Mr. Prestbo said. "Once a year, in December, we refresh the Dow Jones Select Dividend Index by selecting the top dividend payers with the best records of increasing dividends while not paying more than they can afford."

Despite that one reduction, the total payout of the index's 50 stocks still rose 4.7% to $66.57 in the year ended June 30 from $63.59 in the preceding 12 months, Dow Jones Indexes said.

As of June 30, the yield on the Dow Jones Select Dividend Index was 3.8%, compared with to 1.64% for the Dow Jones U.S. Total Market Index.

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 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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

About Dow Jones & Company:
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 Universal 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 LAUNCHES DIFC ARABIA TITANS 50 INDEX
This is the First Blue-Chip Index To Cover the Middle East

 

NEW YORK, July 06, 2004 – Dow Jones Indexes, a leading global index provider, and the Dubai International Financial Centre - in collaboration with the Dubai based investment bank SHUAA Capital - today launched the Dow Jones DIFC Arabia Titans 50 index, a regional blue-chip index that covers companies in Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Qatar, Tunisia and United Arab Emirates.

Lars Hamich, managing director of STOXX Ltd., the joint venture that is responsible for Dow Jones Indexes business development in Europe, Asia and the Middle East, said: "For the first time, a single index covers the entire Arab region. Designed to underlie investment products such as funds, exchange-traded funds, structured products and derivatives, the Dow Jones DIFC Arabia Titans 50 index provides a transparent index methodology consistent with the global Dow Jones index family. The index methodology mimics that of the already-established Dow Jones Titans family, which will help measure these growing markets."

"Attracting global investors is a key objective of the DIFC and The Dubai International Financial Exchange," said Naser Nabulsi, chief executive officer of DIFC. "The Dow Jones DIFC Arabia Titans 50 will contribute greatly to the development of the region's exchanges, such as the Dubai International Financial Exchange, by generating substantial interest from global investors."

He continued: "I am delighted that DIFC has partnered with Dow Jones Indexes in establishing the first credible regionwide index. The DIFC will be the world's next great Financial Centre, and partnering with Dow Jones Indexes in the creation of Dow Jones DIFC Arabia Titans 50 confirms our position as the recognized centre for financial services in the Middle East."

The investable index is based on the stock prices of 50 leading companies in the region. The weighting of each component is determined using 60% market capitalization, 20% net income and 20% revenue. The index has a return of 70.76% since Dec. 31, 2000. The base value of the Dow Jones DIFC Arabia Titans 50 is 100 at Dec. 31, 2000.

The full list of components including weightings and values of the Dow Jones DIFC Arabia Titans 50 is attached and available on www.djindexes.com.

The Dow Jones DIFC Arabia Titans 50 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; 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/STOXX 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

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

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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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 Universal 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 recognised hub for institutional finance and as the regional gateway for capital and investment 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 modelled 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 Dubai International Financial 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 DIFC Arabia Titans 50 Component List
Dow Jones DIFC Arabia Titans 50 Index Performance
 
Dow Jones DIFC Arabia Titans 50 Component List:
Name
Country
Weight
Ahli United Bank
Bahrain
2.08%
Al Ahli Bank of Kuwait K.S.C.
Kuwait
1.81%
Arab Bank
Jordan
4.9%
Arab Potash Co.
Jordan
0.69%
BLOM Bank S.A.L. GDS
Lebanon
0.62%
Bahrain Telecommunications Co.
Bahrain
2.82%
Bank Muscat
Oman
0.19%
Bank of Bahrain & Kuwait B.S.C.
Bahrain
1.16%
Bank of Kuwait & the Middle East K.S.C.
Kuwait
2.2%
Banque Audi S.A.L.
Lebanon
0.52%
Banque Commerciale du Maroc
Morocco
1.84%
Banque Marocaine du Commerce Exterieur
Morocco
1.07%
Banque Marocaine pour le Commerce et l'Indust
Morocco
0.77%
Burgan Bank S.A.K.
Kuwait
1.3%
Coast Investment & Development Co. K.S.C.C.
Kuwait
0.76%
Commercial Bank of Kuwait S.A.K.
Kuwait
3.08%
Commercial Facilities Co. S.A.K.C.
Kuwait
1.4%
Commercial International Bank (Egypt) S.A.E.
Egypt
0.65%
Egyptian Company for Mobile Services (MobiNil
Egypt
1.6%
Emaar Properties
UAE
5.69%
Groupe ONA
Morocco
2.36%
Gulf Bank of Kuwait K.S.C.
Kuwait
2.93%
Gulf Cable & Electrical Industries Co. K.S.C.
Kuwait
1.17%
International Financial Advisors K.S.C.C.
Kuwait
1.04%
Jordan Cement Factories Co. Ltd.
Jordan
1%
Jordan Telecommunications Corp.
Jordan
1.14%
Kuwait Cement Co. K.S.C.
Kuwait
1.18%
Kuwait Finance House K.S.C.
Kuwait
5.02%
Kuwait Food Co. S.A.K.
Kuwait
1.14%
Kuwait Investment Co. S.A.K.
Kuwait
0.77%
Kuwait Investment Projects Co. K.S.C.C.
Kuwait
0.95%
Kuwait Real Estate Bank  K.S.C.
Kuwait
1.18%
LaFarge Ciments
Morocco
1.8%
Mobile Telecommunications Co. (MTC) K.S.C.
Kuwait
7.26%
National Bank of Bahrain
Bahrain
1.33%
National Bank of Kuwait S.A.K.
Kuwait
7.84%
National Industries Co. S.A.K.
Kuwait
1.46%
National Mobile Telecommunications Co.
Kuwait
3.31%
National Real Estate Co. S.A.K. (Kuwait)
Kuwait
1.49%
Oman International Bank
Oman
0.1%
Orascom Construction Industries S.A.E.
Egypt
1.71%
Orascom Telecom Holding
Egypt
2.75%
Public Warehousing Co. K.S.C.
Kuwait
2.77%
Qatar Telecom
Qatar
6.37%
Societe National d'Investissement
Morocco
1.62%
Societe a Marocaine de l'Industrie du Raffina
Morocco
0.56%
Solidere Cl A
Lebanon
1.05%
Suez Cement Co.
Egypt
0.72%
Vodafone Egypt Telecommunications Co.
Egypt
2.05%
Wafabank
Morocco
0.78%


DOW JONES INDEXES LICENSES DOW JONES ITALY TITANS 30 INDEX TO EUREX
Italian Blue Chip Index is an Alternative to Expiring MIB 30 Index.

   

FRANKFURT, June 30, 2004 – Dow Jones Indexes today announced that it has licensed its blue-chip index, Dow Jones Italy Titans 30, to Eurex, the world's largest derivatives exchange.

The Dow Jones Italy Titans 30 comprises the 30 largest and most liquid companies in the Italian market. The index is highly correlated to the MIB 30, and the liquidity of its component stocks makes it an ideal underlying for futures contracts.

"This license agreement proves the concept of our Country Titans blue-chip series," said Lars Hamich, managing director of STOXX Ltd., the joint venture responsible for Dow Jones Indexes' business development in Europe and Asia. "Due to its replicability and strictly rules-based methodology and data transparency, the Dow Jones Italy Titans 30 index is an ideal proxy to gain exposure to Italian large-cap companies. The futures contract will also be an effective instrument to hedge portfolios that are currently benchmarked against the MIB 30 index."

The Dow Jones Italy Titans 30 Index was launched in April 2002 in response to market demand for an alternative Italian blue-chip index because of the exclusive nature of existing derivative and exchange-traded fund licenses.

The index is part of the Dow Jones Country Titans index series, which also is comprised of the Dow Jones Australia Titans 30; Dow Jones Canada 40; Dow Jones France Titans 30; Dow Jones Germany Titans 30; Dow Jones Hong Kong Titans 30; Dow Jones Japan Titans 100; Dow Jones Netherlands Titans 30; Dow Jones RusIndex Titans 10; Dow Jones South Africa Titans 30; Dow Jones Spain Titans 30; Dow Jones Sweden Titans 30; Dow Jones Switzerland Titans 30; and Dow Jones U.K. Titans 50 Index.

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 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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

About Dow Jones & Company:
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 Universal 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 CHANGE IN THE DIVIDEND INDEX

   

NEW YORK, June 29, 2004 – Dow Jones Indexes today announced a component change in the Dow Jones Select Dividend Index.

Provident Financial (PFGI) will be deleted from the Dow Jones Select Dividend Index and replaced by FNB Corp (FNB). Provident Financial (PFGI) is being removed because of its acquisition by National City Corp. (NCC).

The changes in the Dow Jones Select Dividend Index will be effective at the start of trading Thursday, July 1, 2004.

The Dow Jones Select Dividend Index includes 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.

Further information as well as the complete component list of the Dow Jones Select Dividend Index can be found on the Dow Jones Indexes' web site http://www.djindexes.com.

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

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 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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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 MADE TO DOW JONES SECTOR TITANS BANKS 30 INDEX

   

NEW YORK, June 28, 2004 – Dow Jones Indexes today announced a component change in the Dow Jones Sector Titans Banks 30 index.

Bank One Corp (US) will be deleted from the Dow Jones Sector Titans Banks 30 index and replaced by Mizuho Financial Group Inc. (Japan). Bank One Corp. is being deleted because of its acquisition by J.P. Morgan Chase & Co.

The change in the Dow Jones Sector Titans Banks 30 index will be effective at the start of trading Thursday, July 1, 2004.

Further information as well as the complete component list of the Dow Jones Sector Titans Indexes can be found on the Dow Jones Indexes' web site http://www.djindexes.com.

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

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 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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

About Dow Jones & Company:
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 CHINA INDEXES COMPONENTS

   

BEIJING, June 23, 2004 – Dow Jones Indexes today announced the results of the second regular quarterly review in 2004 for Dow Jones China Indexes (Dow-China Indexes). The component changes in the Dow Jones China 88 (Dow-China 88), Dow Jones China Total Market (Dow-China Total Market), Dow Jones Shanghai (Dow-Shanghai) and Dow Jones Shenzhen (Dow-Shenzhen) Index will be effective on July 1, 2004.

Following the adjustment, 14 components have been deleted and an additional 14 components have been added to the Dow-China 88, which tracks the largest and most liquid 88 stocks in China's Class-A market and reflects roughly 30.77% of the total market capitalization of both the Shanghai and Shenzhen markets. The number of Shanghai-listed stocks in the Dow-China 88 remains to be 57 components, while the number of Shenzhen-listed stocks remains to be 31 components. In terms of the market capitalization, Shanghai-listed stocks now represent 70.5% of the Dow-China 88, compared to 29.5% for Shenzhen-listed components.

Also on July 1, the components of the Dow-China Total Market will increase to 1082 from 1033, with 1016 A-shares and 66 B-shares. The number of components in the Dow-Shanghai Index will increase to 664 from 626, with 42 additions and four deletions, while the number of components in the Dow-Shenzhen index will increase to 418 from 407, with 13 additions and two deletions. The Dow-Shanghai and the Dow-Shenzhen each represents roughly 95 percent of the market capitalization of their given markets, the Shanghai market and Shenzhen market. The Dow-China Total Market Index reflects roughly 95 percent of the market capitalization for both the Shanghai and Shenzhen markets.

Aimed at providing investors in China and around the world with an accurate tool for tracking equity performance in China's growing stock markets, the Dow-China Indexes are constructed with the same strict standards used to develop the Dow Jones Global Indexes.

Float-adjusted shares, which exclude all state-owned shares and unlisted employee shares, are used for stock selection and index calculation, in order to provide an accurate representation of the shares that are actually available to investors for trading. In calculating free-float for selection of component stocks, the Dow Jones Indexes exclude block holdings of individuals, other companies or governments that exceed 5% of total market value.

Dow Jones China Index component lists and weightings are available at http://chinaindex.dowjones.com.

The Dow-China Indexes were launched May 27, 1996. Dow Jones & Company, a world-wide provider of business information, launched the Dow-China Indexes to commemorate the 100th anniversary of the world's most widely reported market indicator, the Dow Jones Industrial Average, which was launched in 1896. All four indexes in the Dow-China Index series have a base value of 100 on Dec. 31, 1993.

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 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

Beijing:
Kejia Wu, +8610 65814090-201

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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

About Dow Jones & Company:
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 Universal 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 TEST NEW PRICING SOURCES FOR CALCULATION OF DOW JONES AVERAGES

   

NEW YORK, June 17, 2004 – Dow Jones Indexes today announced that its pilot program to use American Stock Exchange pricing for opening and closing values of Nasdaq stocks in the Dow Jones Averages will run from July 1 to Dec. 31.

"This period was selected to allow for a variety of market conditions in which to experience and explore this alternative pricing capability," said Michael A. Petronella, president of Dow Jones Indexes/Ventures. "Among other things, these six months will include several expirations of futures and options contracts based on the Dow Jones Industrial Average, as well as end-of-year portfolio realignments. These predictable events, as well as unpredictable currents and trends in the market, assure us of a more rigorous examination than likely would have been achievable in one to two months."

During the pilot program, the Dow Jones Industrial and Transportation Averages will be calculated with American Stock Exchange prices only at the opening and the close. During the trading day, prices will be taken from these stocks' primary market, which is Nasdaq.

Mr. Petronella said that the pilot program is being implemented in response to investment professionals' complaints about not being able to cleanly execute orders designated "on the open" and "on the close" in the Nasdaq trading system. Nasdaq has instituted a "closing-cross" process in its all-electronic system but hasn't implemented a similar process for the opening.

"Our pilot program will enable comparison of pricing originating from the standard Nasdaq system on the opening, the new ‘closing-cross’ process at the close and from Amex floor specialists at both of these important points in the trading day," Mr. Petronella said.

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.

About Dow Jones & Company:
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 Universal 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 EURO STOXX 50 FIRST REGIONAL INDEX TO BE USED AS UNDERLYING FOR ITALIAN STATE CAPITAL GUARANTEED STRUCTURED PRODUCT
For Italian State Capital Guaranteed Structured Product

   

ZURICH, June 17, 2004 – STOXX Ltd. today announced it has licensed the Dow Jones Euro STOXX 50 Index to the Italian bank Cassa depositi et prestiti S.p.A. to be used as a benchmark for a state guaranteed structured product. The "BB1" are guaranteed through a special issued law by the Italian ministry of economy and finance.

"This is another step for STOXX Ltd. to further establish the Dow Jones Euro STOXX 50 as the leading pan-European equity index. It will satisfy market demand for a comprehensive index measuring European market performance," said Lars Hamich, managing director of STOXX Ltd. "This is the index that is preferred by benchmark users including plan sponsors, consultants, money managers and researchers. This licensing agreement ensures that Italian retail investors have easy access to this successful index."

This new capital guaranteed product also allows Italian investors for the first time to invest in Europe's most widely recognized market barometer.

The strong brand name of the Dow Jones Euro STOXX 50 will help retail investors to be comfortable with this new offer.

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:

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


DOW JONES INDEXES LICENSES DOW JONES CHINA 88 INDEX TO YINHUA FUND MANAGEMENT CO., LTD.
The Deal Will Create The First Chinese Mutual Fund Based on The Dow Jones China 88 Index

   

NEW YORK, June 14, 2004 – Dow Jones Indexes, a leading global index provider, today announced it licensed the Dow Jones China 88 index to Yinhua Fund Management Co., Ltd., to be used as the underlying for an enhanced index fund, the Yinhua-Dow Jones China 88 Select Equity Fund. It is the first open-ended index fund based on the Dow Jones China 88 index, and will be offered by Yinhua Fund Management in China in July 2004.

The Dow Jones China 88 Index is comprised of the 88 largest and most liquid stocks in the Dow Jones China Total Market Index and includes stocks from both the Shanghai and Shenzhen stock exchanges. The two primary criteria used in the component selection process are market capitalization and trading liquidity. Dow Jones China Index component lists and weightings are available at http://chinaindex.dowjones.com.

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.

About Dow Jones & Company:
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 Universal 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 ISLAMIC TITANS 100 INDEXES

   

NEW YORK, June 10, 2004 – Dow Jones Indexes today announced component changes in the Dow Jones Islamic Titans 100 Indexes and its three subindexes as a result of the annual review of the Dow Jones Islamic Market Titans 100 Index.

The following companies will be deleted from the the Dow Jones Islamic Market Titans 100 and its subindex the Dow Jones Islamic Market Asia/Pacific Titans 25: Takeda Chemical Industries Ltd. (Japan), Toppan Printing Co. Ltd. (Japan), Eisai Co. Ltd.(Japan), Tokyo Electron Ltd. (Japan). They will be replaced by BHP Billiton Ltd.(Australia), Murata Manufacturing Co. Ltd. (Japan), Secom Co. Ltd. (Japan), Yamato Transport Co. Ltd.(Japan) in both indexes .

Sun Microsystems Inc. will be deleted from the Dow Jones Islamic Market Titans 100 and its subindex Dow Jones Islamic Market U.S. Titans 50 and will be replaced by Target Corp. in both indexes. STMicroelectronics N.V. (France) will also be deleted from the Dow Jones Islamic Market Titans 100 and its subindex Dow Jones Islamic Market Europe Titans 25 and be replaced by Anglo American PLC (U.K.) 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 the annual review of the Dow Jones Islamic Market Titans 100 Index. Component changes made during the review are also applied to all Dow Jones Islamic Market Indexes screenings to ensure compliance with Shariah 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 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 ANNOUNCES CHANGES IN THE DOW JONES GLOBAL TITANS 50, DOW JONES ASIAN TITANS 50 AND DOW JONES TIGER TITANS 50
Changes Coincide With Fifth Anniversary of Dow Jones Global Titans50

   

NEW YORK, June 3, 2004 – Dow Jones Indexes today announced the results of the regular annual review of the Dow Jones Global Titans 50, Dow Jones Tiger Titans 50 and Dow Jones Asian Titans 50.

The following two component stocks are being changed in the Dow Jones Global Titans 50 index: Samsung Electronics Co. Ltd. (Korea), which will be added to the Dow Jones Global Titans 50 Index, and Lloyds TSB Group PLC (United Kingdom), which will be deleted.

Total free-float market capitalization of the reconstituted Dow Jones Global Titans 50 Index increased to $5.834 trillion from $5.821 trillion as of May 28, 2004.

The Dow Jones Global Titans 50 Index, a float-adjusted index containing 50 of the world's largest and best-known blue-chip companies, was designed five years ago, not only with international exposure as a primary objective, but also for liquidity, low turnover, stability and lack of risk. With only 50 components, this blue-chip index represents 26.13% of the free-float market capitalization of the Dow Jones World Index. Since its inception in 1999, the Dow Jones Global Titans 50 Index has proved to be very popular with the marketplace underlying nearly $6 billion in assets as of March 2004.

Regional allocation of Dow Jones Global Titans 50 Index, based on country of origin of the component stock (based on free-float market capitalization as of March 31, 2004):

REGION
BEFORE REVIEW
AFTER REVIEW
 
Americas
67.22%
67.07%
Europe
30.94%

30.12%

Asia/Pacific
1.84%
2.81%

Regional allocation of Dow Jones Global Titans 50 Index, based on percentage of revenue from the region (based on free-float market capitalization as of March 31, 2004):

REGION
BEFORE REVIEW
AFTER REVIEW
 
Americas
53.86%
53.41%
Europe
41.70%

40.56%

Asia/Pacific
4.44%
6.03%

In the Dow Jones Asian Titans 50 the following three component stocks will be added to the index: KDDI Corp. (Japan), Mizuho Financial Group Inc. (Japan) and Cathay Financial Holding Co. Ltd. (Taiwan). Nintendo Co. Ltd. (Japan), Shin-Etsu Chemical Co. Ltd. (Japan) and KT Corp. (Korea) will be deleted.

Total free-float market capitalization of the reconstituted Dow Jones Asian Titans 50 Index increased to $1.154 trillion from $1.109 trillion as of May 28, 2004.

The following stocks are being changed in the Dow Jones Tiger Titans 50 Index: Au Optronics Corp. (Taiwan), Chunghwa Telecom Co. Ltd. (Taiwan), First Financial Holding Co. Ltd. (Taiwan), BOC Hong Kong (Holdings) Ltd. (Hong Kong) and SK Corp. (Korea) will be added to the index. Bank of East Asia Ltd. (Hong Kong), PCCW Ltd. (Hong Kong), Kia Motors Corp. (Korea), LG Chem Ltd. (Korea) and China Development Financial Holding Corp. (Taiwan) will be deleted.

Total free-float market capitalization of the reconstituted Dow Jones Tiger Titans 50 Index increased to $540 billion from $530 billion as of May 28, 2004.

The changes will be effective with the opening of trading on June 21, 2004. Full component lists, including market capitalization and weightings are available at www.djindexes.com.

Dow Jones Indexes has decided to postpone the annual review of the Dow Jones Sector Titans 30 indexes to September. The global sector blue-chip indexes will be reviewed utilizing the new Dow Jones Indexes/FTSE Industry Classification Benchmark format. The 2005 annual review of the Dow Jones Sector Titans 30 will follow the regular review calendar and is scheduled for June 2005.

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

About Dow Jones & Company:
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 Universal 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 THE COMPOSITION OF THE EUROPEAN BENCHMARK INDEXES
Second Regular Quarterly Review to be Effective on June 21, 2004

   

ZURICH, May 18, 2004 – 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 and the Dow Jones STOXX Football Index.

Effective with the open of European markets on June 21, 2004 the following three stocks will be added to the Dow Jones STOXX 600 and its respective sectors: Belgacom (Telecommunications, Belgium), Eircom Group (Telecommunications, Ireland), Britannic (Insurance, Great Britain).

Companies exiting the index are: Fabege (Financial Services, Sweden), Finecogroup SPA (Banks, Italy), Tomra Systems (Industrial Goods & Services, Norway).

Effective with the open of European markets on June 21, 2004 the following one stock will be added to the Dow Jones STOXX Football Index: Fenerbahce Sportif Hizmetler (Turkey).

The market sectors for the following Dow Jones STOXX 600 components will change: VNU (Netherlands) from Industrial Goods & Services to Media, HHG (Great Britain) from Financial Services to Insurance, Fortis (Netherlands) from Financial Services to Banks.

As of April 30, 2004 the total free-float market capitalization of the reconstituted Dow Jones STOXX 600 increased from €4,662.42 billion to €4,667.37 billion, of the reconstituted Dow Jones STOXX Total Market Index from €4,877.33 billion to €4,890.22 billion and the reconstituted Dow Jones Football Index from €1,039.75 million to €1,232.25 million.

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 June 16, 2004 after close of European markets. All changes will be effective on June 21, 2004

A list with all changes in the Dow Jones STOXX Total Market Index is available on http://www.stoxx.com/info/reports/2004/reviews2004.html

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 group:

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

Company additions and deletions do not in any way reflect an opinion on the investment merits of the company.


DOW JONES INDEXES TO TEST NEW PRICING SOURCES FOR CALCULATION OF DOW JONES AVERAGES

   

NEW YORK, May 12, 2004 – Dow Jones Indexes said it will conduct a pilot program in which the opening and closing prices of Nasdaq-listed stocks from the American Stock Exchange will be used to calculate the Dow Jones Averages.

The exact start date of the pilot program will be determined and announced in the near future after certain technical arrangements are made. The length of the pilot program also will be announced at that point, although it is expected to last about six weeks to two months.

The program will include two stocks (Intel and Microsoft) in the Dow Jones Industrial Average and seven stocks (Alexander & Baldwin, C.H. Robinson Worldwide, Expeditors International of Washington, J.B. Hunt Transport Services, Northwest Airlines, USF Corp. and Yellow Roadway) in the Dow Jones Transportation Average.

"This pilot program is a form of client support," said Michael A. Petronella, president of Dow Jones Indexes. "Exchange-specialist firms and managers of funds and portfolios based on the Dow and the Transportation Average have approached us, voicing frustration over their inability to cleanly execute orders designated ‘on the open' and ‘on the close' in the Nasdaq trading system. The specialists on the Amex floor can handle such orders routinely."

He added: "While we aren't committing to switching permanently, we believe we owe our clients the courtesy of exploring the use of this alternative pricing capability in a realistic manner."

Mr. Petronella also noted that Standard & Poor's is conducting a comparable pilot program for similar reasons, and said that Nasdaq, recognizing the traders' problems, has instituted a "closing-cross" process in its all-electronic system.

"It seems to be working well, and we're pleased that Nasdaq is taking proactive steps to improve its service to investors," he said. "However, the closing-cross process is being rolled out over time and doesn't yet include all the stocks in the Dow Jones Averages. The pilot program we are announcing will enable us to compare pricing originating from the Nasdaq system, its new closing-cross process and the Amex floor specialists. For us, the goal is to provide the market with the best measure that we can deliver."

During the pilot program, the Dow Jones Industrial and Transportation Averages will be calculated with Amex prices only at the opening and the close. During the trading day, prices will be taken from these stocks' primary market, which is Nasdaq.

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 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:

About 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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

About Dow Jones & Company
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.


IBOXX AND TRAC-X TO MERGE
     

LONDON, April 29, 2004 – iBoxx Ltd and TRAC-X LLC, with the signing of a Letter of Intent, and in conjunction with Dow Jones Indexes, today announced the plan to merge the iBoxx bond indices and European and Asian credit derivative index products with the Dow Jones TRAC-X European and Asian credit derivative index products. The bond indices will be known as Dow Jones iBoxx. The credit derivative indices will be known as Dow Jones iTraxx. North American credit derivative indices are not included in this new arrangement.

This combination of the two market leading index families will provide investors with a single set of indices for bond markets and credit default swaps with unparalleled liquidity and rules-based transparency.

These benchmark indices supported by Dow Jones Indexes’ global marketing and licensing power will meet the requirements of investors, borrowers and market makers alike and provide a strong foundation for future growth in the bond and credit derivative index markets.

The merger of the index families will be effected through the formation of a new entity, International Index Company, which will manage the combined index offerings. Shareholders of the new company will be ABN AMRO, Barclays Bank PLC, BNP Paribas, Deutsche Börse, Deutsche Bank, Dresdner Kleinwort Wasserstein, JP Morgan, Morgan Stanley and UBS Investment Bank.

Additionally the new company’s Japanese credit derivative indices will also be combined with BNP Paribas' CJ50 index to produce a Japanese credit derivative index with specific marketing and licensing agreements.

Finalization of the terms described in the Letter of Intent is expected later this quarter.

Press Inquiries:

ABN AMRO Alex Evans +44 20 7678 5111
Barclays Capital Michele Cook +44 20 7773 3425
BNP Paribas Jonathan Mullen +44 20 7595 2773
Deutsche Bank Stephanie Smart +44 20 7545 2908
Deutsche Börse Frank Hartmann +49 69 2111 4943
Dresdner Kleinwort Wasserstein Peter Fitzpatrick +44 20 7475 3447
JP Morgan Mike Golden +44 20 7325 3644
Morgan Stanley Lisa Watkinson + 1 212 761 1007
UBS Investment Bank Sarah Small +44 20 7568 2609
iBoxx David Mark +49 69 299 868 144
Dow Jones Indexes Sybille Reitz +1 212 597 5735


CDS INDEXCO AND DOW JONES TRAC-X TO COMBINE INDICES
Family of Indices Will Be Branded "Dow Jones CDX"

     

NEW YORK, April 28, 2004 – CDS IndexCo, the owner of the iBoxx CDX N.A. indices, Dow Jones Indexes, and TRAC-X LLC announced today that they have signed a Letter of Intent to combine their North American (investment grade and high yield) and Emerging Market credit derivative indices. Definitive agreements are expected to be executed by the end of Q2 2004.

The combined indices will be known as the Dow Jones CDX Indices. JPMorgan and Morgan Stanley will join CDS IndexCo LLC, bringing the total number of member banks to sixteen. Dow Jones Indexes will be responsible for marketing and licensing the indices. The current agreement between CDS Indexco LLC and iBoxx will be terminated. A new third party administrator will be named.

Following execution of final documentation, the member banks involved in CDS IndexCo will be ABN AMRO, Bank of America, Barclays Capital, Bear Stearns, BNP Paribas, Citigroup, Credit Suisse First Boston, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, UBS, and Wachovia.

The merger will provide investors with one family of credit derivative indices for the North America and Emerging Markets products, concentrating the liquidity provided by all major dealers in credit derivatives. By providing a clear benchmark in credit derivatives the combined indices will give clients the best method to manage and trade credit.

The following indices will become a part of the Dow Jones CDX family of indices: Dow Jones TRAC-X NA (North America), Dow Jones TRAC-X NA High Yield, Dow Jones TRAC-X EM (Emerging Markets), CDX.NA.IG, CDX.NA.HY, and CDX.EM. Following the respective effective dates for the index combinations, all further series referencing North American Investment Grade, North American High Yield and Emerging Markets will be launched under the Dow Jones CDX family. Some members of the CDS IndexCo will continue to make markets in existing series of aforementioned indices.

Following execution of final documentation, the member banks involved in CDS IndexCo will be ABN AMRO, Bank of America, Barclays Capital, Bear Stearns, BNP Paribas, Citigroup, Credit Suisse First Boston, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, UBS, and Wachovia

Press Inquiries:

ABN AMRO Kimberly Williams, Corporate Communications 212-409-7569
Bank of America Jeff Hershberger, Media Relations 212-847-6160
Barclays Capital Karina Byrne, Barclays Capital Corporate Communications 212-412-7561
Bear Stearns Russell Sherman 212-272-5219
BNP Paribas Mark Wisniewski, VP Media Relations 212-841-3719
Citigroup Danielle Romero-Apsilos, Corporate and Investment Banking Group Communications 212-816-2264
Credit Suisse First Boston John Gallagher, Corporate Communications 212-325-0932
Deutsche Bank Michele Agostinho, Press Office 212-250-4864
Dow Jones Indexes Sybille Reitz, Public Relations 212-597-5735
Goldman Sachs  Ed Canaday, VP, Media Relations 212-357-0005
HSBC Kathleen Rizzo Young, First Vice President, Group Public Affairs 716-841-5003
JPMorgan Michael Dorfsman, Corporate Communications 212-270-7317
Lehman Brothers Kerrie Cohen, Corporate Communications 212-526-4092
Merrill Lynch Michael Duvally, Media Relations 212-449-3260
Morgan Stanley Mark Lake, Media Relations 212-761-0814
UBS Kris Kagel, UBS Corporate Communications 212-713-8703
Wachovia Jim Pierpoint, Media Relations 704-374-6512

About 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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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.


CHANGES TO STOXX LIMITED'S ADVISORY COMMITTEE


STOXX
   

ZURICH, April 26, 2004 – STOXX Limited today announced changes to its Advisory Committee, the group of experts advising the index provider's Supervisory Board on composition, methodology and index strategy.

Effective immediately, the following five members will be added to the Advisory Committee, bringing the total number to ten members:

  • Andrew Freyre-Sanders, Head of Structured Program Trading Research, J. P. Morgan Securities Ltd
  • Daniel Léon, Head of Quantitative and Structured Products, AXA Investment Managers
  • Dr. Ernst Mäder, Director Finance, SUVA
  • Eric Mijot, Director of Equity Research and Strategy, Société Générale Asset Management
  • Patrick Reilly, Director Global Equities Quantitative Research, UBS Warburg

Lars Hamich, Managing Director of STOXX Limited, explained: "Given the increasing demand by investors for the Dow Jones STOXX index family worldwide and the fast paced changes in the finance business, and thus in the index business, we have added this group of highly acknowledged experts to our Advisory Committee. They will provide us with the feedback from various areas and therefore help us to continuously improve our index family."

Also effective immediately, six members will leave the STOXX Advisory Committee:

  • Brian Dawson, Director of Business Development for the WM Company, Edinburgh,
  • Patrice De Larrard, Crédit Agricole, Paris, Executive Vice President,
  • Diane Garnick, Global Investment Strategist for Dresdner Kleinwort Wasserstein, New York;
  • Alexander Ineichen, UBS Warburg, London, Managing Director, Head of Equity Derivatives Research will leave the committee;
  • Timothy Ryan, AXA QSI, Paris, Head of Quantitative Research, Head of Index Management, and
  • Clemens Lansing, J. P. Morgan Securities, London, Managing Director.

Lars Hamich thanked all of them: "All six experts have been valued members of the Advisory Committee and have been great supporters of the Dow Jones STOXX index family. On behalf of STOXX Limited and its partners, I thank them for helping to make the vision of European indexes a reality".

All members of the advisory committee are listed on the STOXX Limited website: http://www.stoxx.com/info/committee.html.

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 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


COMPONENT CHANGE MADE TO DOW JONES SECTOR TITANS TELECOMMUNICATIONS INDEX


Dow Jones Indexes
   

NEW YORK, April 21, 2004 – Dow Jones Indexes today announced a component change in the Dow Jones Sector Titans Telecommunications index.

Sprint Corp. (PCS Group) (US) will be deleted from the Dow Jones Sector Titans Telecommunications index and replaced by America Movil S.A. de C.V. ADS Series L Inc. (Mexico). Sprint Corp. (PCS Group) is being deleted following its recombination of shares into Sprint Corp. (FON Group).

The changes in the Dow Jones Sector Titans 30 Indexes will be effective at the start of trading Friday, April 23, 2004.

Further information as well as the complete component list of the Dow Jones Sector Titans 30 Indexes can be found on the Dow Jones Indexes' web site http://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 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


CBOT AND DOW JONES INDEXES TO LAUNCH DOW JONES CBOT TREASURY INDEX


STOXX
 
Dow Jones Indexes
     
Melissa Jarmel (312) 435-3620
news@cbot.com
  Karishma Thakkar (212) 597-5718
pr-indexes@dowjones.com

CHICAGO, April 21, 2004 – The Chicago Board of Trade (CBOT®) and Dow Jones Indexes SM announced today that on Wednesday, April 28 they will launch the Dow Jones CBOT Treasury IndexSM, the first real-time benchmark that tracks the $3.7 trillion U.S. Treasury market.

Created to measure the performance of long-dated U.S. Treasuries, the Dow Jones CBOT Treasury Index is composed of CBOT U.S. Treasury Bond, 10-Year Note, and Five-Year Note futures contracts. Each component makes an equal contribution to the index, as it is a duration-weighted average. The index, which will be calculated by Dow Jones Indexes, initially will be offered for licensing on April 28. The CBOT will then introduce a futures contract based on the index. The product will trade on the exchange’s premier electronic trading platform, with a launch targeted for the second half of 2004.

Bernard Dan, CBOT President and CEO, said: "The CBOT recognized and addressed a need in the markets for a reliable, accurate and broad-based benchmark that allows bond market investors to measure performance. The Dow Jones CBOT Treasury index draws upon the success of the CBOT’s U.S. Treasury futures products, which are the most liquid in the world, and we believe it will deliver a higher level of efficiency and transparency to the market. We are very pleased to extend our strong relationship with Dow Jones Indexes, as together we have been creating innovative products to meet the demands of customers since 1997."

Mike Petronella, President, Dow Jones Indexes/Ventures said, "Until now there has been no comparative reference point for the U.S. Treasury market. The Dow Jones CBOT Treasury index makes return comparison over time possible, and market participants will find broad uses for this unique measurement tool. We are pleased to expand our relationship with the CBOT by co-branding and calculating the Dow Jones CBOT Treasury Index."

Since U.S. Treasuries have a maturity cycle, measuring returns over time can be difficult. The index addresses this difficulty, providing U.S. Treasury market users -- such as portfolio managers, risk and hedge fund managers and investors -- with a dependable, consistent benchmark for analyzing performance, returns and portfolio strategies.

Based on actual trades of CBOT U.S. Treasury futures, the Dow Jones CBOT Treasury Index features complete transparency, which dominates and defines the exchange‰s liquid marketplace. The index will be disseminated to all major data vendors every 15 seconds, reflecting the most recent prices of the underlying futures contracts. Because the index is composed of real-time prices, it will produce a high, low and closing price each day, instead of a single valuation calculated at the end of the trading session. The index has a high correlation with the cash bond markets because delivery requirements for the underlying CBOT U.S. Treasury futures contracts force convergence between cash prices and futures prices.

In the latter half of 2004, the CBOT will introduce a Dow Jones CBOT Treasury Index futures contract, which will allow market participants to implement asset allocation, arbitrage and yield curve strategies. The Dow Jones CBOT Treasury Index futures contract will settle for cash and have a notional value equal to $1,000 times the underlying Dow Jones CBOT Treasury Index.

For more information on the Dow Jones CBOT Treasury Index, please visit www.cbot.com or www.djindexes.com.

"Dow JonesSM," "The Dow®," "Dow Jones Industrial Average®," and "DJIA®" are service marks of Dow Jones & Company, Inc. and have been licensed for use for certain purposes by the Board of Trade of the City of Chicago (CBOT®). The CBOT's futures and futures-options contracts based on the Dow Jones® Averages are not sponsored, endorsed, sold, or promoted by Dow Jones®, and Dow Jones® makes no representation regarding the advisability of trading in such products.


CHANGES TO STOXX LIMITED'S SUPERVISORY BOARD
Werner Bürki of SWX Swiss Exchange Elected Chairman

STOXX    

ZURICH, April 14, 2004 - Werner Bürki, a member of the management board of the SWX Swiss Exchange and CEO of EXFEED Ltd., has been elected chairman of the supervisory board of STOXX, Limited.

Werner Bürki succeeds Michael Petronella, chairman since April 2003 and president of Dow Jones Indexes/Ventures, who will continue to serve as a member of the supervisory board. The change is effective April 21, 2004 and a result of the regular annual election of the chairman of the supervisory board.

Mr. Bürki, 42, has been a member of the management board of the SWX Swiss Exchange since July 2002 and the CEO of EXFEED Ltd. since October 2001. He is a graduate of Kaderschule Zürich and in his early years specialized in options trading and futures. Previously, Mr. Bürki was head of the Swiss arm of Bridge Information Systems. During this period, he introduced the Dow Jones platform to the Swiss market and was responsible for the merger of Dow Jones Markets and Bridge. Until 2001, he was a member of both the management board and the board of directors of Dow Jones Markets Switzerland AG. Mr. Bürki has been a member of the STOXX supervisory board since December 2002.

Lars Hamich, managing director of STOXX Ltd. said: "The STOXX Ltd. supervisory board is responsible for the composition and accuracy of the Dow Jones STOXX index family. The supervisory board has the final approval for all changes to index methodology as well as for the specification, design, development and delivery of new indexes.

STOXX Limited congratulates Werner Bürki on his election as chairman of the supervisory board. We also take this opportunity to thank Michael Petronella for his leadership during his term as chairman. The commitment of the supervisory board members and their organizations has contributed to the Dow Jones STOXX indexes being Europe's leading indexes as benchmarks and underlying for derivatives, structured products and exchange-traded funds."

The supervisory board is composed of one representative from each of STOXX Limited's three joint venture partners: Deutsche Börse AG, Dow Jones & Company, and SWX Swiss Exchange. A list of the current members of the supervisory board is available on www.stoxx.com.

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


NEW DIVISORS FOR DOW JONES INDUSTRIAL AVERAGE


   

NEW YORK, April 8, 2004 - Starting with Thursday, April 8, stock market trading, the substitution of American International Group Inc. (AIG); Pfizer Inc. (PFE); and Verizon Communications Inc. (VZ) for AT&T Corp. (T); Eastman Kodak Co. (EK) and International Paper Co. (IP) as components of the Dow Jones Industrial and 65 stock Composite Averages will cause changes in the divisors for the Dow Jones Industrial Average and the 65-stock Composite.

As a result, the divisor for the Dow Jones Industrial Average changes to 0.14090166 from 0.13500289 and the 65-stock Composite Average changes to 0.86858870 from 0.84810407.

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:

About 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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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.


FUTURES CONTRACT BASED ON DOW JONES INDUSTRIAL AVERAGE AND DOW JONES JAPAN TITANS 100 LICENSED IN INDONESIA
Now, Indonesian Investors Will Be Able to Trade Futures Contracts Linked to the Performance of the Indexes

 


NEW YORK, April 5, 2004 – Dow Jones Indexes today announced that it has licensed the Indonesia-based Surabaya Stock Exchange to list exchange-traded futures based on the Dow Jones Industrial Average and the Dow Jones Japan Titans 100 Index. The futures contracts will be launched on April 27 and will be traded between 9:30 a.m. and 4:00 p.m. West Indonesian Time (9:30 pm and 4:00 am New York Time).

“Indonesian investors will now have access to the performance of the U.S. and Japanese markets through futures contracts based on the Dow Jones Industrial Average, the world’s most well-known index, and the Dow Jones Japan Titans 100 Index,” said Michael A. Petronella, president of Dow Jones Indexes/Ventures. “The Surabaya Stock Exchange is a well respected, emerging-market member of the Asian marketplace and we are confident in its ability to provide a transparent and successful trading environment for their market participants.”

Hindarmojo Hinuri, president director of the Surabaya Stock Exchange, said: “Trading of index futures based on foreign indexes has increased tremendously lately. It shows that Indonesian investors need diversified investment products, especially when they consider that the ongoing decrease of interest rates doesn’t satisfy their investment objective. To respond to this phenomenon, the Surabaya Stock Exchange as a derivatives market facilitator in Indonesia, expects that the launch of Dow Jones Industrial Average Futures and Dow Jones Japan Titans 100 Futures will attract a large number of retail and institutional investors.”

Media Contacts

Dow Jones Indexes
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

Email: PR-Indexes@dowjones.com

Surabaya Exchange
Jakarta

Rudy, +62-21-5260 6210 Ext.151

Surabaya
Isma, +62-31-534 088 Ext. 327

Email: helpdesk@bes.co.id

Note to editors:

About 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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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.

About Surabaya Stock Exchange
The Surabaya Stock Exchange (SSX) was officially opened on June 16, 1989 as the first private stock exchange in Indonesia. The SSX facilitates markets for bonds, derivatives and equities. Trading of securities on the SSX is conducted on remote and online basis.

The SSX has become the major bourse for bonds and derivatives in Indonesia. Derivatives products currently traded on the SSX are LQ45 Futures, DJIA Futures and DJ Japan Futures


DOW JONES CHANGES THE COMPOSITION OF THE DOW JONES INDUSTRIAL AVERAGE
Three Component Stocks Will Be Replaced

   


NEW YORK, April 1, 2004 – American International Group Inc., Pfizer Inc., and Verizon Communications Inc. will replace AT&T Corp., Eastman Kodak Co. and International Paper Co. in the Dow Jones Industrial Average, effective with the opening of trading on April 8, Dow Jones & Company announced.

These changes are the first in the 107-year-old stock index since Nov. 1, 1999, when four stocks out of 30 were replaced.

"None of these changes was triggered by an event such as an imminent merger, which was the case in the past three instances of changes dating back to the early 1990s," said Paul E. Steiger, managing editor of The Wall Street Journal. By tradition, the Journal's top news editor oversees the makeup of "The Dow," which Charles H. Dow created as a 12-stock index in May 1896 and is now the best-known stock-market barometer in the world.

"Rather, they recognize trends within the U.S. stock market, including the continued growth of the financial and health care sectors and the diminishing relative weight of basic materials stocks," he said.

John Prestbo, editor of Dow Jones Indexes, said that all 30 stocks were reviewed in the course of arriving at the decision to replace three. "There are no pre-determined criteria for a stock to be added or deleted, though we intend that all components be established U.S. companies that are leaders in their industries," he said. For the sake of continuity, composition changes are rare by intention, Mr. Prestbo said.

Both Verizon and SBC Communications Inc., added in 1999, were among the seven companies carved out of AT&T in an antitrust ruling in 1984. Mr. Prestbo said this is the third instance in which descendants have taken the place of broken-apart parent companies to represent their respective industries in The Dow. ExxonMobil Corp. is a combination of two descendants of Standard Oil Co. (New Jersey), broken up in 1911. Boeing Co. and United Technologies Inc. trace their lineage to United Aircraft Corp., which was split in 1934.

AT&T was in the Dow Jones Industrial Average from Oct. 4, 1916, to Oct. 1, 1928; it reentered on March 14, 1939. Kodak has been a component of The Dow since July 18, 1930, and International Paper since July 3, 1956.

The changes won't cause any disruption in the level of the index. The divisor used to calculate The Dow from its components' prices on their respective home markets will be changed prior to the opening on April 8. This procedure prevents any distortion in The Dow's reflection of the U.S. stock market.

For more information, see the web site of Dow Jones Indexes at http://www.djindexes.com. The Dow Jones Transportation Average, Dow Jones Utilities Average and Dow Jones Composite Average also are members of the Dow Jones Averages family.

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

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:

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

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

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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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 HIRES ANTHONY YEUNG TO HEAD BUSINESS DEVELOPMENT IN ASIA

   

NEW YORK (April 1, 2004) — Dow Jones Indexes today announced that it has hired former Hong Kong Exchange (HKEx) marketing executive Anthony Yeung as regional director to handle business activities in the Asia-Pacific region.

Mr. Yeung is replacing James Barringer, formerly regional director, Asia Pacific. Mr. Barringer is now responsible for sales and business development at Dow Jones Indexes in the U.S.

Mr. Yeung will be responsible for licensing, business development and relationship management for financial institutions in Greater China, Japan, Korea, Singapore, Australia and other Asian markets. Mr. Yeung is based in Hong Kong and will offer globally integrated index solutions consisting of the entire family of Dow Jones Indexes — including the European Dow Jones STOXX Indexes, a joint venture among Deutsche Boerse, Dow Jones and SWX Swiss Exchange.

Mr. Yeung has more than 10 years of experience in Asian financial and banking industries. He previously held positions as vice president of Investor and Derivatives marketing at HKEx. He is fluent in Mandarin and Cantonese, and holds a bachelor’s degree in engineering from University of Waterloo in Canada and a master’s in business administration from The Chinese University of Hong Kong.

“The countries in the Asia Pacific region are quite diverse. Each investment professional has individual needs—needs that can be met with the Dow Jones and Dow Jones STOXX range of indexes across a wide range of asset classes,” Mr. Yeung said. “I welcome the opportunity to build new business relationships in the Asia-Pacific region for firms that are acknowledged leaders and innovators in the index industry.”

Mr. Yeung brings to Dow Jones Indexes strong existing relationships with Asian institutions and dealers,” said Lars Hamich, executive director, global business development of Dow Jones Indexes. “His outstanding expertise in the Asian market and his excellent business background will help to enhance the visibility of our index family.”

###

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:

About 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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX Indexes. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information.

About Dow Jones & Company
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 MADE TO DOW JONES SECTOR TITANS BANKS INDEX

   


NEW YORK, March 29, 2004 – Dow Jones Indexes today announced a component change in the Dow Jones Sector Titans Banks index.

FleetBoston Financial Corp. (US) will be deleted from the Dow Jones Sector Titans Banks index and replaced by Sumitomo Mitsui Financial Group Inc. (Japan). FleetBoston Financial Corp. is being deleted because of its acquisition by Bank of America Corp. (US).

The changes in the Dow Jones Sector Titans 30 Indexes will be effective at the start of trading Thursday, April 1, 2004.

Further information as well as the complete component list of the Dow Jones Sector Titans 30 Indexes can be found on the Dow Jones Indexes' web site http://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 public relations group:

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

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

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

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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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.


LARS HAMICH APPOINTED MANAGING DIRECTOR OF STOXX LIMITED

STOXX Ltd    


ZURICH, March 25, 2004 – Lars Hamich has been appointed to Managing Director of STOXX Limited, the pan European index provider which is a joint venture of Deutsche Boerse, Dow Jones Indexes and SWX Swiss Exchange, effective April 15.

In his new position, Mr. Hamich will be responsible for STOXX Limited's strategic positioning and planning, will identify strategic business initiatives and develop new licensing opportunities for the pan-European family of Dow Jones STOXX Indexes globally. He will also be responsible for the day-to-day management of STOXX Limited.

Mr. Hamich, 35 years old, is currently executive director global business development for Dow Jones Indexes. European and Asian business development efforts for the Dow Jones Global Index family will be consolidated within STOXX Limited under the direction of Mr. Hamich.

"Lars brings to STOXX Limited unparalleled experience in the index business. His track record of developing new business opportunities, his keen business sense and his understanding of financial markets uniquely qualify Lars for the position," said Michael A. Petronella, chairman of the STOXX supervisory board and president of Dow Jones Indexes. "The partners of STOXX Limited expect him to continue to build on the success of this joint venture through innovation and timely response to market developments."

Mr. Hamich, has more than seven years of operational experience with stock exchanges and index products. Before joining Dow Jones Indexes, Mr. Hamich worked as product manager for the Index Group at Deutsche Boerse, where he worked on all aspects of indexation, from concept to implementation to review of the German domestic indexes. As Deutsche Boerse's representative, he also headed the Dow Jones STOXX Index Design Committee and was instrumental in developing, launching and maintaining these indexes. He was also involved in establishing at Deutsche Boerse the XTF platform, Europe's first platform for exchange-traded funds.

Mr. Hamich holds a bachelor's degree in mathematical economics from the IMW Institute of Mathematical Economics, Bielefeld University, Germany, and Murdoch University, Perth, Australia.

"I am excited to take this opportunity to leverage the success of the Dow Jones STOXX indexes. Over the past years I have been involved in various aspects of the index business such as derivatives, exchange traded funds, credit derivatives, sustainability and Islamic investing in different regions. As our business grows, it is advantageous to consolidate the intellectual assets and the business development of STOXX Limited and Dow Jones Indexes to enhance innovation and customer support," Mr. Hamich said.

Mr. Hamich succeeds Elizabeth von Werra who decided to leave STOXX Limited to accept a new responsibility at UBS Wealth Management and Business Banking in Zurich.

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 groups:

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

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


DOW JONES INDEXES REVIEWS THE COMPOSITION OF DOW JONES TRAC-X ASIA EX JAPAN INDEX

   


NEW YORK, March 25, 2004 – Dow Jones Indexes reviewed the Dow Jones TRAC-X Asia ex Japan Index today. The composition of the portfolio will remain unchanged. The new index series will be effective on March 26, 2004.


The Dow Jones TRAC-X Asia ex Japan index comprises the following 25 components:

People’s Republic of China Posco
Bank of China Korea Tobacco & Ginseng
MTRC KDICB
Hong Kong Land Federation of Malaysia
Hutchison Whampoa Petroliam Nasional Bhd
PCCW-HKT Telekom Malaysia
Wharf Holdings Tenaga Nasional Bhd
Swire Pacific Republic of Philippines
Republic of Korea Singapore Telecommunications
Export Import Bank of Korea Development Bank of Singapore (Sub)
Korea Development Bank Oversea Chinese Banking (Sub)
Korea Electric Power Kingdom of Thailand
Korea Telecom  


The new portfolio is the result of a regular review. The review is based on the existing methodology for the Dow Jones TRAC-X indexes. Dow Jones Indexes expects these rules to be reviewed after an advisory committee comprised of Dow Jones TRAC-X market makers and other experts is put together that will advise on methodology, rebalancing and other related topics for the Dow Jones TRAC-X Indexes with Dow Jones Indexes remaining the ultimate decision-maker.

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.

Company additions to and deletions from the Dow Jones TRAC-X Asia ex Japan Index do not in any way reflect an opinion on the investment merits of the company.

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 groups:

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

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

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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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 AUSTRALIA AND DOW JONES TRAC-X JAPAN INDEXES
Changes to the Index Are A Result of a Regular Review to Ensure the Most Liquid Index Possible

   


NEW YORK, March 19, 2004 – Dow Jones Indexes today announced the new composition of the Dow Jones TRAC-X Australia and Dow Jones TRAC-X Japan indexes effective Monday, March 22, 2004.


The following 2 changes will be made to the underlying basket of the Dow Jones TRAC-X Australia Index:

Company
Sector
Added or Deleted from DJ TRAC-X Australia Index
 
John Fairfax Holdings Limited
TMT
Added
Rio Tinto Ltd
Industrials
Deleted


The following 26 changes will be made to the underlying basket of the Dow Jones TRAC-X Japan Index:

Company
Sector
Added or Deleted from DJ TRAC-X Japan Index
 
Daiwa Securities Group Inc.
FINANCIALS
ADDED
Mizuho Corporate Bank
FINANCIALS
ADDED
Promise Co., Ltd.
FINANCIALS
ADDED
ACOM CO., LTD.
FINANCIALS
ADDED
Aiful Corporation
FINANCIALS
ADDED
Mitsubishi Electric Corporation
TMT
ADDED
Sumitomo Electric Industries, Ltd.
INDUSTRIALS
ADDED
CHUBU Electric Power Co., Inc.
INDUSTRIALS
ADDED
Mitsubishi Heavy Industries, Ltd.
INDUSTRIALS
ADDED
YAMAHA MOTOR CO., LTD.
CONSUMER
ADDED
SANYO Electric Co., Ltd.
CONSUMER
ADDED
Yamato Transport Co., Ltd.
CONSUMER
ADDED
Fuji Heavy Industries Ltd.
CONSUMER
ADDED
Mitsui Sumitomo Insurance Co., Ltd.
FINANCIALS
DELETED
Canon Inc.
TMT
DELETED
NTT Docomo
TMT
DELETED
Ricoh Co Ltd
TMT
DELETED
Hankyu Corporation
INDUSTRIALS
DELETED
Nippon Paper Industries Co., Ltd.
INDUSTRIALS
DELETED
Nippon Oil Corporation
INDUSTRIALS
DELETED
The Kansai Electric Power Company, Inc.
INDUSTRIALS
DELETED
Tokyo Gas Co., Ltd.
INDUSTRIALS
DELETED
Nikon Corporation
INDUSTRIALS
DELETED
Sumitomo Chemical Co., Ltd.
INDUSTRIALS
DELETED
Japan Airlines Company, Ltd.
CONSUMER
DELETED
Sapporo Breweries Limited
CONSUMER
DELETED

The changes announced today are a result of a regular review and are based on an already existing methodology for the Dow Jones TRAC-X indexes. Dow Jones Indexes expects these rules to be reviewed after an advisory committee comprised of TRAC-X market makers and other experts is put together that will advise on methodology, rebalancing and other related topics for the Dow Jones TRAC-X Indexes, however, Dow Jones Indexes will remain the ultimate decision-maker. Having the participation of the leading credit derivatives participants will ensure that the Dow Jones TRAC-X Indexes remain as transparent and liquid as possible while also providing the clients who use them with the most efficient and effective way to manage and trade credit risk.

To ensure transparency in the selection process and review, for the first time a complete selection list of the reconstituted Dow Jones TRAC-X indexes can be found on the Dow Jones Indexes website (www.djindexes.com).

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.

Company additions to and deletions from the Dow Jones TRAC-X Australia and Dow Jones TRAC-X Japan Indexes do not in any way reflect an opinion on the investment merits of the company.

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 groups:

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

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

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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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 EUROPE
Changes to the Index Are A Result of a Regular Review to Ensure the Most Liquid Index Possible

   


NEW YORK, March 18, 2004 – Dow Jones Indexes today announced the new composition of the Dow Jones TRAC-X Europe Index effective Monday, March 22, 2004.


The following 25 names will be added to the underlying basket of the Dow Jones TRAC-X Europe Index:

Company
Dow Jones TRAC-X Sector
 
Pinault-Printemps-Redoute
Consumer
J Sainsbury plc
Consumer
Six Continents plc
Consumer
Safeway plc
Consumer
Gallaher Group PLC
Consumer
Allied Domecq plc
Consumer
European Aeronautic Defence and Space Co EADS NV
Industrials
Anglo American plc
Industrials
AKZO Nobel NV
Industrials
Hanson plc
Industrials
FKI plc
Industrials
Stora Enso Oyj
Industrials
National Grid Transco plx
Industrials
Technip
Industrials
Cap Gemini
TMT
Telenor ASA
TMT
Banca Monte Dei Paschi Di Siena Spa
Financials
Muenchener Rueckversicherungs-Gesellschaft AG
Financials
Capitalia SPA
Financials
Zurich Insurance Co
Financials
Swiss Reinsurance Co
Financials
Unicredito Italiano Societa per Azioni
Financials
AVIVA PLC
Financials
Assicurazioni Generali - Societa per Azioni
Financials
Aegon NV
Financials


The following 25 names have been deleted from the Dow Jones TRAC-X Europe Index:

Company
Dow Jones TRAC-X Sector
 
GUS PLC
Consumer
VALEO SA
Consumer
BOOTS GROUP PLC
Consumer
UNILEVER NV
Consumer
NESTLE LTD
Consumer
OLIVETTI
Consumer
PARMALAT
Consumer
SONERA
TMT
KONINKLIJKE DSM NV
Industrials
EDP ELECTRICIDADE DE PORTUGAL SA
Industrials
BAA PLC
Industrials
IBERDROLA SA
Industrials
VATTENFALL AB
Industrials
INVESTOR AB
Industrials
ENEL SPA
Industrials
ENDESA SA
Industrials
CREDIT LYONNAIS SA
Financials
CREDIT SUISSE GROUP
Financials
LLOYDS TSB BANK PLC
Financials
SOCIETE GENERALE
Financials
BANK OF SCOTLAND
Financials
UBS AG
Financials
BARCLAYS BANK PLC
Financials
ABBEY NATIONAL PLC
Financials
ROYAL BANK OF SCOTLAND PLC
Financials

The changes announced today are a result of a regular review and are based on an already existing methodology for the Dow Jones TRAC-X indexes. Dow Jones Indexes expects these rules to be reviewed after an advisory committee comprised of TRAC-X market makers and other experts is put together that will advise on methodology, rebalancing and other related topics for the Dow Jones TRAC-X Indexes, however, Dow Jones Indexes will remain the ultimate decision-maker. Having the participation of the leading credit derivatives participants will ensure that the Dow Jones TRAC-X Indexes remain as transparent and liquid as possible while also providing the clients who use them with the most efficient and effective way to manage and trade credit risk.

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.

To ensure transparency in the selection process and review, for the first time a complete selection list of the reconstituted Dow Jones TRAC-X indexes can be found on the Dow Jones Indexes website (www.djindexes.com).

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

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 groups:

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

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

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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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 SECTOR TITANS INDEXES

   


NEW YORK, March 11, 2004 – Dow Jones Indexes today announced component changes in the Dow Jones Sector Titans Media and Dow Jones Sector Titans Financial Services indexes.

The following changes in the Dow Jones Sector Titans 30 Indexes will be effective at the start of trading, Monday, March 22, 2003.

  1. VNU N.V. (Netherlands), will be reclassified from Media to Industrial Goods and Services. The company failed to qualify for inclusion in the Dow Jones Sector Titans Industrial Goods and Services Index. VNU N.V. will be replaced in the Dow Jones Sector Titans Media Index by Fox Entertainment Group (US).
  2. John Hancock (US), will be reclassified from Financial Services to Insurance. The company failed to qualify for inclusion in the Dow Jones Sector Titans Insurance Index. John Hancock (US) will be replaced in the Dow Jones Sector Titans Financial Services Index by CIT Group Inc. (US).

Normally, changes are made to the Dow Jones Sector Titans 30 Indexes annually in June. Among the reasons for extraordinary changes are sector reclassifications of component companies.

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 groups:

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


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

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

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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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.


COMPONENT CHANGES MADE TO THE DOW JONES ISLAMIC MARKET TITANS 100 INDEX
Changes are a Result of the Quarterly Review of the Dow Jones Islamic Market Indexes

   


NEW YORK, March 11, 2004 – Dow Jones Indexes today announced component changes in the Dow Jones Islamic Market Titans 100 Index and its three sub-indexes as a result of the quarterly review of the Dow Jones Islamic Market World Indexes.

Cadbury Schweppes (U.K.) will be deleted from the Dow Jones Islamic Market Titans 100 and its sub-index, the Dow Jones Islamic Market Europe Titans 25, and will be replaced by Roche Holding AG Part. Cert. (Switzerland) in both indexes.

The Dow Jones Islamic Market Titans 100 Index 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 the quarterly review of the Dow Jones Islamic Market World Indexes. 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 Monday, March 22, 2004.

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.

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 groups:

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

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

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

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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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 INDEXES AND WILSHIRE ASSOCIATES ANNOUNCE JOINT INDEX CALCULATION AND DEVELOPMENT AGREEMENT

 


NEW YORK, March 9, 2004 – Dow Jones Indexes a leading global index provider and Wilshire Associates Incorporated, the world’s leading investment consulting, management and technology firm, have signed an agreement to co-brand, calculate, maintain, and disseminate four flagship Wilshire indexes and create a new global family of co-branded benchmark indexes.

Beginning in April 2004 Dow Jones Indexes will calculate, license and market the newly named Dow Jones Wilshire 5000 Composite Index, Dow Jones Wilshire 4500 Completion Index, Dow Jones Wilshire REIT (Real Estate Investment Trust) and Dow Jones Wilshire RESI (Real Estate Securities Index) indexes. In the second quarter of 2004, Dow Jones Indexes will assume the calculation and marketing of the Dow Jones Wilshire Style Indexes. Dow Jones Indexes and Wilshire Associates also plan to develop a global family of co-branded benchmark indexes. The first of these, the Dow Jones Wilshire Global Composite Index is scheduled for launch in the fourth quarter of 2004.

The Dow Jones Wilshire indexes will be free-float weighted, using the existing Dow Jones Indexes free-float methodologies that remove corporate shares that are not available for public trading. However, the Dow Jones Wilshire 5000 Composite Index, Dow Jones Wilshire 4500 Completion Index, Dow Jones Wilshire REIT and Dow Jones Wilshire RESI also will continue to be calculated with full shares for the sake of historical data continuity. The Dow Jones Wilshire Indexes also will use the Dow Jones Global Classification Standard, which will transition to the Dow Jones/FTSE Industry Classification Benchmark structure later this year.

"This partnership will satisfy market demand for a float adjusted Dow Jones Wilshire 5000, the most comprehensive index measuring U.S. equities," said Michael A. Petronella, president, Dow Jones Indexes/Ventures. "This is the index that is preferred by benchmark users including plan sponsors, consultants, money managers and researchers. We expect this partnership to be very successful."

"When I developed the Wilshire 5000 Index in 1974, I had no idea that 30 years later it would have gained such widespread acceptance and favor as the preferred measure of the total U.S. securities market," said Dennis A. Tito, chairman and founder of Wilshire Associates Incorporated. "Today scores of institutional investors, money managers, financial advisors, media – and even the Federal Reserve Bank – look to the Wilshire 5000 to get an accurate picture of the movement of our capital markets and the amount of wealth gained or lost. I'm excited by this alliance and we look forward to working with Dow Jones Indexes in developing additional indexes for investors worldwide," Tito noted.

The Dow Jones Wilshire Indexes will be available on market data vendor platforms, many in real-time format, and on the Dow Jones Indexes web site (www.djindexes.com) and (www.wilshire.com) websites. Dow Jones Indexes will also distribute data related to the Dow Jones Wilshire Indexes to data vendors and other users.

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

Dow Jones Indexes New York:
Sybille A. Reitz, +1-212-597-5735; Karishma Thakkar, +1-212-597-5718
Dow Jones Indexes Frankfurt:
Simona Deckers, +49-69-97142894; Stephanie Schleidt, +49-69-97142893

For Wilshire Associates:
Kim Shepherd, +1-312-553-6586, kshepherd@dgi-chicago.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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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.

Wilshire Associates
Wilshire Associates is a global leader in providing investment consulting, multi-manager funds management and investment technology services to a wide variety of institutional and high net worth investors. Wilshire provides services to clients in more than 20 countries, representing in excess of 600 organizations with assets totaling more than $2.5 trillion. With eight offices on four continents, Wilshire Associates is dedicated to providing clients with the highest quality counsel, products and services.

In 1972, Wilshire applied then-new computing technology to investment concepts and helped revolutionize the industry. Wilshire is credited with helping to develop the field of quantitative investment analysis that uses mathematical tools to analyze market risks. Wilshire developed the Wilshire 5000 Total Market Index, the first asset/liability models for pension funds, the first U.S. equity style metrics work, and many other "firsts" as Wilshire grew and developed into a firm of more than 300 employees serving the investment needs of institutional clients around the world. For more information go to www.wilshire.com.


DOW JONES INDEXES CHANGES COMPOSITION OF DOW JONES U.S. TOTAL MARKET INDEX
Changes Being Made Are a Result of a Regular Quarterly Review

   


NEW YORK, March 8, 2004 – Dow Jones Indexes today announced changes in the composition of the Dow Jones U.S. Total Market Index.

Effective with the start of trading on Monday, March 22, 2004, the following 38 companies will be added to the index. This brings the number of components in the Dow Jones U.S. Total Market Index to 1,637.

ADD ADD ADD
 
Aeropostale Inc. Alliance Data Systems Corp. American Pharmaceutical Partners Inc.
Ask Jeeves Inc. Aspect Communications Corp. CapitalSource Inc.
Cathay General Bancorp Chiquita Brands International Inc. Coeur d'Alene Mines Corp.
Conseco Inc. Corrections Corp. of America Cumulus Media Inc.
Dade Behring Holdings Inc. Delphi Financial Group Inc. Cl A eResearch Technology Inc.
Flextronics International Ltd. Gables Residential Trust Hewitt Associates Inc. Cl A
IMPAC Mortgage Holdings Inc. Joy Global Inc. Kroll Inc.
Matthews International Corp. Cl A Netflix Inc. NovaStar Financial Inc.
Nu Skin Enterprises Inc. Cl A Openwave Systems Inc. Pennsylvania Real Estate Investment Trust
Philadelphia Consolidated Holding Co. Redwood Trust Inc. Scientific Games Corp.
SpectraSite Inc. Sports Authority Inc. Strayer Education Inc.
Taubman Centers Inc. Tuesday Morning Corp. Urban Outfitters Inc.
Westport Resources Corp. Wynn Resorts Ltd.  


The Dow Jones U.S. Total Market Index is part of Dow Jones Total Market Indexes, a core index family of more than 3,000 international equity indexes. The family includes world, region and country indexes, as well as economic sector, market sector, industry group and sub-group indexes. The indexes are constructed to provide 95% of free float market-capitalization coverage of developed markets and 95% coverage of emerging markets. The Dow Jones U.S. Total Market Index covers 95% of the free float market-capitalization of the U.S. market.

Changes are being announced today after the conclusion of a regular quarterly component review. All changes will be effective on March 22, 2004.

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 groups:

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

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

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

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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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 INDEXES ANNOUNCES THE RESULTS OF A REGULAR REVIEW OF INDEXES

   


NEW YORK, March 4, 2004 – Dow Jones Indexes today announced the results of the annual review of the Dow Jones Country Titans and the quarterly review of the Dow Jones MicroSector indexes.

Effective March 22, the 22 changes listed below are being made in the following 11 Country Titans Indexes: Dow Jones Australia Titans 30, Dow Jones Canada Titans 40, Dow Jones U.K. Titans 50, Dow Jones Germany Titans 30, Dow Jones Italy Titans 30, Dow Jones Netherlands Titans 30, Dow Jones South Africa Titans 30, Dow Jones Spain Titans 30, Dow Jones Sweden Titans 30, Dow Jones Japan Titans 100, and Dow Jones Hong Kong Titans 30. There are no changes in the Dow Jones France Titans 30, Dow Jones RusIndex Titans 10, and Dow Jones Switzerland Titans 30 indexes as a result of the review.

INDEX ADD DELETE
 
Dow Jones Australia Titans 30 Rinker Group Ltd. Lend Lease Corp. Ltd.
  WMC Resources Ltd. Mayne Group Ltd.
Dow Jones Canada Titans 40 Research in Motion Ltd. Molson Inc. CI A
  ATI Technologies Inc. Goldcorp Inc.
Dow Jones U.K. Titans 50 Amersham PLC Smiths Group PLC
  ITV PLC Rentokil Initial PLC
  Man Group PLC InterContinential Hotels Group PLC
Dow Jones Germany Titans 30 Continental AG Beiersdorf AG
Dow Jones Italy Titans 30 e.Biscom S.p.A Banca Lombarda e Piemontese S.p.A
Dow Jones Netherlands Titans 30 Getronics N.V. CSM N.V
  Versatel Telecom International N.V. Van der Moolen Holding N.V.
Dow Jones South Africa Titans 30 Telkom S.A. Ltd. Alexander Forbes Ltd.
  JD Group Ltd. Durban Roodepoort Deep Ltd.
Dow Jones Spain Titans 30 Iberia Lineas Aeras de Espana S.A. Telefonica Publicidad e Informacion S.A.
Dow Jones Sweden Titans 30 Getinge AB B Billerud AB
Dow Jones Japan Titans 100 Resona Holdings Inc. Asahi Breweries Ltd.
  Yahoo Japan Corp. Mitsubishi Chemical Corp.
  Nitto Denko Corp. Nippon Unipac Holding
  Konica Minolta Holdings Inc. Matsushita Electric Works Ltd.
  Seiko Epson Corp. West Japan Railway Co.
Dow Jones Hong Kong Titans 30 Wharf (Holdings) Ltd. China Resources Enterprise Ltd.
  China Merchants Holdings (International) Co. Guoco Group Ltd.

The weighted free-float market capitalization in $US of the reconstituted Dow Jones Country Titans as of February 27, 2004:

  • Dow Jones Australia Titans 30 increased from $US 284.6 billion to $US 289.6 billion
  • Dow Jones Canada Titans 40 increased from $US 413.6 billion to $US 419.3 billion
  • Dow Jones UK Titans 50 increased from $US 1,683.2 billion to $US 1,692.5 billion
  • Dow Jones Germany Titans 30 increased from $US 512.7 billion to $US 515.8 billion
  • Dow Jones Italy Titans 30 decreased from $US 243.9 billion to $US 243.2 billion
  • Dow Jones Netherlands Titans 30 increased from $US 328.2 billion to $US 329.4 billion
  • Dow Jones South Africa Titans 30 increased from $US 86.0 billion to $US 87.6 billion
  • Dow Jones Spain Titans 30 increased from $US 183.1 billion to $US183.9 billion
  • Dow Jones Sweden Titans 30 increased from $US 169.4 billion to $US 170.2 billion
  • Dow Jones Japan Titans 100 increased from $US 1,366.2 billion to $US 1,379.2 billion
  • Dow Jones Hong Kong Titans 30 increased from $US 149.7 billion to $US 152.5 billion

Changes in the Country Titans are being announced today after the conclusion of the regular annual component review using the free-float market capitalization and trading volume for components as of February 27, 2004. The changes will be effective at the start of trading on March 22, 2004.

There were no changes made in the Dow Jones MicroSector Indexes after the conclusion of the regular review using component data as of March 1, 2004.

Dow Jones MicroSector Indexes are derived from stocks and ADRs in industry groups and subgroups that comprise the Dow Jones Global Indexes. A selection list for each index is created from the top ten eligible stocks in the industry group or subgroup ranked by free-float market capitalization, dollar volume, and options volume.

The industry groups and subgroups that underlie the initial Dow Jones MicroSector Indexes are: Aerospace, Banks, Biotechnology, Communications Technology, Diversified Financial, Electric Utilities, Diversified Industrial, Investment Services, Major Oil Companies, Pharmaceuticals, Precious Metals, Retail, Semiconductors, Software, and Technology Hardware and Equipment.

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.

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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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 MADE TO DOW JONES NONCYCLICAL GOODS & SERVICES TITANS 30 INDEX

   


NEW YORK, March 4, 2004 – Dow Jones Indexes today announced changes in the stock components of the Dow Jones Noncyclical Goods & Services Titans 30 Index.

Effective with the opening of trading on Monday, March 8, 2004, eBay Inc. (USA) will replace Safeway PLC (Great Britain) in the Dow Jones Noncyclical Goods & Services Titans 30 Index. Safeway PLC is being deleted because of its acquisition by William Morrison Supermarkets PLC.

Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages, the Dow Jones Global Titans 50, the Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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 Noncyclical Goods & Services Titans 30 Index do not in any way reflect an opinion on the investment merits of the company.


FIRST MEXICAN MUTUAL FUND BASED ON THE DOW JONES STOXX 50 LAUNCHED

 


ZURICH, March 4, 2004 – Investors in Mexico now will be able to buy or sell a mutual fund linked to the performance of the Dow Jones STOXX 50 Index. STOXX Ltd., a leading provider of pan-European indexes, issued its first such license in Mexico to Santander Serfin, Mexico’s third-largest fund company.

Santander Serfin has 37 funds and total assets under management of US$4.7 billion.

The new mutual fund, STEREUR, will allow Mexican investors for the first time in their home market to invest in one of the most widely recognized barometers of Europe’s equity market, the Dow Jones STOXX 50. The mutual fund is expected to attract many individual and institutional investors.

The Dow Jones STOXX 50 linked STEREUR mutual fund is exclusively available in Mexico. Its objective is to achieve a return close to that of the Dow Jones STOXX 50 by investing in the constituents that comprise the index. With this new mutual fund based on the performance of the Dow Jones STOXX 50, Santander Serfin reaffirms its leadership in product innovation and its commitment to creating alternative products according to clients’ needs.

For questions on this press release please contact:
Dow Jones Indexes/STOXX Public Relations

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
Email: PR-Indexes@dowjones.com

Santander Serfin
Mexico, city: Roberto Cano, +52-55-5269-2625
Email: rcano@santander.com.mx


FIRST U.S. BLUE-CHIP ETF TO MAKE DEBUT IN ISRAEL
Dow Jones Industrial Average to serve as basis of exchange-traded fund

   


New York, February 25, 2004 – Dow Jones Indexes, a leading global-index provider, has licensed the Dow Jones Industrial Average (DJIA) to Excellence Nessuah, a leading international investment and portfolio manager, to issue the first exchange-traded fund (ETF) in Israel, based on the most recognized stock index in the world.

The KSM DJIA will be listed on the Tel Aviv Stock Exchange (TASE). The Dow Jones Industrial Average is the first U.S. index to serve as the basis for an ETF in Israel. The fund will seek to track the stock performance of the Dow 30, some of the biggest and best-known U.S. blue-chip companies.

"'The Dow,' as some investors call it, is known the world over as the premier index of the U.S. stock market," said Lars Hamich, executive director, global business development, Dow Jones Indexes. "Though it is 108 years old this year, it is exceptionally well-suited as the foundation for one of the newest investment products, exchange-traded funds. The Average's 30 stocks, which are changed infrequently, are among the most liquid securities in existence."

Roni Biram, chairman of Excellence Nessuah, said: "KSM DJIA will provide both institutional and private investors premium access to the Dow Jones Industrial Average index. Furthermore, the ability to trade in the product on Sundays will allow foreign investors to manage their equity positions even one day before trading opens in the U.S." He added that "the KSM DJIA will enjoy a rate of 15% taxation as opposed to other foreign index linked products, which are taxed at 35%."

Excellence Nessuah has rapidly become IsraelÅs leader in ETF securities, having issued during the last few months three ETFs including the KSM50, an ETF based on the Dow Jones EURO STOXX 50. The three ETFs are successfully trading on TASE with an AUM of $100 million and an average daily volume of $5 million.

Note to editors: About 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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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 AND FTSE GROUP TO MERGE INDUSTRY-CLASSIFICATION SYSTEMS

 


New York, February 19 , 2004 – Dow Jones Indexes and FTSE Group, two of the world's most successful index providers, signed a Memorandum of Understanding today to merge their industry-classification systems to create a single, seamless structure covering equities and corporate bonds world-wide. The new system will be known as the Industry Classification Benchmark (ICB), and will cover 50,000 companies worldwide. It is expected to take effect by the end of 2004.

The ICB, which is owned equally by both companies, is expected to become an instant global industry standard. The existing Dow Jones Indexes and FTSE systems are already used by the world's largest stock exchanges, including NASDAQ and the New York Stock Exchange in the U.S., Euronext, the JSE in South Africa, the London Stock Exchange and SWX Swiss Exchange across Europe and Africa. Other major index providers that use the system include FXI (FTSE/Xinhua) in China, the Hang Seng (HSI) in Hong Kong, the Russell 3000 Index family in the U.S. and STOXX Ltd. for its indexes across Europe.

Additionally, leading, worldwide media organizations, such as The Financial Times, Smartmoney, and The Wall Street Journal, already use one of these systems. Current users of the existing classification standards are expected to switch to the new, joint Industry Classification Benchmark. FTSE and Dow Jones Indexes expect the ICB to be adopted by additional users after the launch.

"This cooperation is an important step toward enriching the usefulness of corporate classifications to investors globally," said Michael A. Petronella, president of Dow Jones Indexes/Ventures.

"By merging our industry classification systems, FTSE and Dow Jones Indexes create the industry's most powerful single standard, uniting the classification structures of the world's major exchanges, financial media and index providers," said Mark Makepeace, chief executive of FTSE Group.

The new ICB will be totally transparent and rules-based. An advisory committee of markets experts will guide Dow Jones Indexes and FTSE on the future development of the ICB and, in certain cases, on the classification of individual stocks.

The existing Dow Jones Indexes and FTSE Industry Classification systems are scheduled to be fully converted to the ICB by the end of 2004. Indicative data will be available at the end of the second quarter to ensure a low cost and seamless transition for users of the existing FTSE and Dow Jones Indexes classification systems

 

For more information, please contact: Dow Jones Indexes:
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

Email: PR-Indexes@dowjones.com

FTSE:
Sandra Steel
Nicky Gardner
FTSE Group Press Office
Tel: 44 207 448 1821

Email: media@ftse.com

Note to editors: About 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 Dow Jones Asian Titans 50, the Dow Jones Sector Titans 30, the Dow Jones Country Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX 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.

About FTSE

FTSE Group is a world-leader in the creation and management of indices. With offices in London, Frankfurt, Hong Kong, Madrid, Paris, New York, San Francisco and Tokyo, FTSE Group services clients in 77 countries worldwide. It manages and develops globally recognised indices ranging from the FTSE All-World Index to the FTSE 100, the FTSE4Good indices and the recently launched FTSEurofirst Index Series. The company has collaborative arrangements with the Athens, Cyprus, Euronext, Johannesburg, London, Luxembourg, and Madrid exchanges, as well as with Nikkei of Japan (Nihon Keizai Shimbun, Inc) and Xinhua Financial Network of China.

FTSE indices are used extensively by investors world-wide for investment analysis, performance measurement, asset allocation, portfolio hedging and for creating a wide range of index tracking funds. Independent committees of senior fund managers, derivatives experts, actuaries and other experienced practitioners review all changes to the indices to ensure that they are made objectively and without bias. Real-time FTSE indices are calculated on systems managed by Reuters. Prices and FX rates used are supplied by Reuters. More details are available at www.ftse.com


STOXX, Ltd. CHANGES THE COMPOSITION OF THE EUROPEAN BENCHMARK INDEXES

First Regular Quarterly Review to be Effective on March 22, 2004

   


New York, February 17, 2004 – 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, and Dow Jones STOXX Football Index.

Effective with the open of European markets on March 22, 2004 the following eight stocks will be added to the Dow Jones STOXX 600 and its respective sectors: HHG (Great-Britain), Cairn Energy (Great-Britain), Getronics (Netherlands), SCOR (France), iSOFT Group (Great-Britain), Wienerberger AG (Austria), Voestalpine AG (Austria) and OM HEX AB (Sweden).

Companies exiting the index include: Billerud (Sweden), Singulus Technologies (Germany), Unipol Assicurazioni (Italy), Galeries Lafayette (France), KarstadtQuelle (Germany), Banque Nationale Belgique (Belgium), John Wood Group (Great-Britain) and Matalan (Great-Britain).

The market sectors for the following Dow Jones STOXX 600 components will change: VNU (Netherlands) from Media to Industrial Goods & Services, GKN (Great-Britain) from Industrial Goods & Services to Automobiles and Buhrmann (Netherlands) from Retail to Industrial Goods & Services.

As of January 30, 2004 the total free-float market capitalization of the reconstituted Dow Jones STOXX 600 increased from €4585.09 billion to € 4,589.02 billion and of the reconstituted Dow Jones STOXX Total Market Index from €4,797.76 billion to €4,803.41 billion.

The composition of the Dow Jones STOXX Football Index will remain unchanged. As of January 30, 2004 the total free-float market capitalization of the Dow Jones STOXX Football index is € 1,195.95 million.

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 March 17, 2004 after close of European markets. All changes will be effective on March 22, 2004.

A list with all changes in the Dow Jones STOXX Total Market Index is available on http://www.stoxx.com/info/reports/2004/reviews2004.html.

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 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

Additions Deletions
 
HHG Financial Services Billerud Basic Resources
Cairn Energy Energy Singulus Technologies Industrial Goods & Services
Getronics Technology Unipol Assicurazioni Insurance
SCOR Insurance Galeries Lafayette Retail
iSOFT Group Technology KarstadtQuelle Retail
Wieneberger AG Construction Banque Nationale Belgique Banks
Voestalpine AG Basic Resources John Wood Group Industrial Goods & Services
OM HEX AB Financial Services Matalan Retail
Company additions and deletions do not in any way reflect an opinion on the investment merits of the company.


DOW JONES INDEXES CHANGES SOURCE FOR FOREIGN-EXCHANGE RATES

WM Provides Foreigh-Exchange Rates for Dow Jones Indexes' Closing Data

   


New York, February 9, 2004 – Dow Jones Indexes, a major global index provider, today announced that the fixed WM-exchange rates disseminated at 11 a.m. ET (4 p.m. CET) will be used for calculation of official component and index closing prices. This change is effective immediately. The foreign-exchange rate calculated by WM-Company in Edinburgh, Scotland, is the standard exchange rate used by fund managers globally. Dow Jones Indexes will continue to use Reuters rates for its real-time data.

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:

About 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.

About Dow Jones & Company
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 HEDGE FUND INDEXES TO CALCULATE AND DISSEMINATE HEDGE FUND STRATEGY BENCHMARKS

Indexes Will Be Quoted Daily in The Wall Street Journal And Weekly in Barron's

   


New York, January 14, 2004 – Dow Jones Hedge Fund Indexes (DJHFI) today announced that its new hedge fund strategy benchmark series representing five hedge fund strategies is now being calculated, published and disseminated on a daily basis.

The Dow Jones Hedge Fund Strategy Benchmarks were developed to meet the needs of institutional investors who invest in hedge fund strategies. The Benchmarks track the performance of the following five hedge fund strategies: convertible arbitrage, distressed securities, equity market neutral, event driven and merger arbitrage. The Benchmarks are characterized by “style pure” hedge fund managers within each of the strategies, position transparency, daily valuation and ongoing risk controls to meet the needs of institutional investors.

Using December ’03 estimates the five Benchmarks showed returns of 11.81% (convertible arbitrage), 23.44% (distressed securities), 18.07% (event driven) and 7.98% (merger arbitrage) for the whole year of 2003, and -0.66% (equity market neutral) from June 30 to December 31, 2003.

Daily index values of the Dow Jones Hedge Fund Strategy Benchmarks will be published in The Wall Street Journal and the Dow Jones Indexes Web site at www.djindexes.com. Weekly index values will be published in Barron’s. Previously, data for the Benchmarks was available only on a monthly basis.

The Benchmarks have a base date of December 31, 2001, except for the Dow Jones Equity Market Neutral Benchmark, which started on June 30, 2003.

Dow Jones Hedge Fund Indexes, which is an affiliate of Dow Jones Indexes, assumed ownership rights with respect to the Benchmark data from Lyra Capital LLC in October 2003 and now maintains and publishes the series of investable hedge fund strategy benchmark indexes.

To ensure that the Benchmarks continue to meet investors’ expectations and the objectives in the selection and deletion of Benchmark components, an Advisory Committee oversees and advises Dow Jones Hedge Fund Strategy Benchmarks.

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, 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.

 

Historical Performance

Index Values
 
Convertible Arbitrage
Distressed Securities
Event Driven
Equity Market Neutral*
Merger Arbitrage
2001/12/31
100.00
100.00
100.00
 
100.00
2002/01/31
100.73
100.56
98.09
 
100.59
2002/02/28
100.79
99.93
97.53
 
100.25
2002/03/29
100.94
100.38
99.98
 
100.88
2002/04/30
102.31
101.38
99.36
 
100.06
2002/05/31
103.41
101.71
98.48
 
99.93
2002/06/28
104.07
99.78
94.60
 
97.91
2002/07/31
101.40
97.02
89.09
 
96.90
2002/08/30
102.51
97.40
89.48
 
97.68
2002/09/30
105.60
97.34
87.49
 
97.47
2002/10/31
105.97
97.07
88.01
 
97.76
2002/11/29
107.57
99.74
91.94
 
98.36
2002/12/31
110.76
100.48
90.74
 
98.93
2003/01/31
114.98
102.66
91.77
 
99.38
2003/02/28
116.88
103.07
91.30
 
99.45
2003/03/31
118.71
102.64
92.33
 
99.67
2003/04/30
119.86
105.33
96.65
 
100.82
2003/05/30
121.34
109.52
99.32
 
102.87
2003/06/30
121.22
112.35
100.55
100.00
103.09
2003/07/31
119.28
112.73
101.49
99.40
103.39
2003/08/29
117.32
114.44
102.13
99.18
103.95
2003/09/30
119.55
117.61
103.16
99.95
104.67
2003/10/31
121.51
120.90
104.60
100.20
105.72
2003/11/28
122.89
121.91
105.51
100.29
106.24
2003/12/31
123.85
124.04
107.14
99.34
106.83
 
Returns
 
Convertible Arbitrage
Distressed Securities
Event Driven
Equity Market Neutral*
Merger Arbitrage
2002
10.76%
0.48%
-9.26%
 
-1.07%
2003
11.81%
23.44%
18.07%
-0.66%
7.98%
Cumulative
23.85%
24.04%
7.14%
-0.66%
6.83%
Annualized
11.29%
11.37%
3.51%
-0.33%
3.36%
 
Risk
 
Convertible Arbitrage
Distressed Securities
Event Driven
Equity Market Neutral*
Merger Arbitrage
Monthly St. Dev.
1.44%
1.58%
2.35%
0.62%
0.79%
Annualized Volatility
5.00%
5.48%
8.13%
2.14%
2.75%
Return/Risk
2.2564
2.0749
0.4315
-0.1540
1.2204
Source: Dow Jones Hedge Fund Indexes, Inc. NAV and other data prior to 1/1/2004 provided by Lyra Capital, LLC
*The inception date of Equity Market Neutral was 6/30/03.


COMPONENT CHANGE MADE TO DOW JONES ITALY TITANS 30  

   


New York, January 5, 2004 – Dow Jones Indexes today announced component changes in the Dow Jones Italy Titans 30.

Effective immediately, Banche Popolari Unite S.C.A.R. will replace Parmalat Finanziaria S.p.A. in the Dow Jones Italy Titans 30 Index. Parmalat Finanziaria S.p.A. is to be deleted due to a suspension from trading.

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

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 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.