Dow Jones Reshuffles Titans
The review resulted in changes to the Dow Jones Global Titans 50, Dow Jones Sector Titans 30 and Dow Jones Asian Titans 50 indexes.
Global Constituents
According to a news release from Dow Jones Indexes, five component stocks are being changed in the Dow Jones Global Titans 50 index. The new additions to the index are:
- ChevronTexaco, domiciled in the US
- Royal Bank of Scotland Group, UK
- PepsiCo, US
- Barclays UK, and
- AstraZeneca UK
These stocks will replace:
- Ford Motor Co., US
- Mitsubishi Tokyo Financial Group, Japan,
- Deutsche Telekom, Germany,
- WorldCom, US and
- BT Group UK
Total free-float market capitalization of the reconstituted Dow Jones Global Titans 50 Index increased to $5.4 trillion from $5.18 trillion as of May 31, 2002.
Asian Titans
The following four stocks are being added to the Dow Jones Asian Titans 50 index:
- Japan’s Nissan Motor Co.
- Kookmin Bank, domiciled in South Korea,
- Hyundai Motor Co., South Korea, and
- United Overseas Bank, Singapore
They will replace:
- Denso Corp., of Japan,
- Hong Kong’s Swire Pacific A,
- Singapore Telecommunications Ltd in Singapore, and
- Citic Pacific, Hong Kong
Total free-float market capitalization of the reconstituted Dow Jones Asian Titans 50 Index increased to $1.06 trillion from $1.02 trillion as May 31, 2002.
The group also made substantial changes to its Dow Jones Sector Titans 30 index. A full component list can be viewed at the company’s Web site at www.djindexes.com .
The changes will be effective with the opening of
trading on June 24, 2002.
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