Dow Jones Indexes expands European Country Select Dividend Index Series
Dow Jones Indexes has launched Dow Jones Europe Country Select Dividend Indexes for France, Germany, Italy, the Netherlands, Sweden and the UK.
These indexes further complement the widely successful Dow Jones and Dow Jones STOXX Select Dividend index family.
The Dow Jones France Select Dividend 20, Dow Jones Germany Select Dividend 20, Dow Jones Italy Select Dividend 20 and Dow Jones UK Select Dividend 20 indexes track the 20 highest yielding stocks of the respective country. The Dow Jones Netherlands Select Dividend 15 and Dow Jones Sweden Select Dividend 15 indexes include the 15 highest yielding stocks of both countries.
"The European country select dividend index series now cover all major developed investment markets in Europe. The indexes follow the unique concept of our select dividend indexes, in which components are weighted according to dividend yield instead of market capitalization," says Lars Hamich, managing director of STOXX Ltd, the joint venture responsible for Dow Jones Indexes' business development in Europe and Asia. "The new Dow Jones Europe Country Select Dividend Indexes give investors further alternatives to diversify their portfolios with returns from leading dividend-paying companies domiciled in France, Germany, Italy, the Netherlands, Sweden and the UK."
To be eligible for inclusion in the Dow Jones Europe Country Select Dividend Indexes, a component must have a positive, historical, five-year dividend-per-share growth rate and a dividend-to-earnings-per-share ratio of less than or equal to 80% in the current year, or be a previous component.
Each company's weight in the Dow Jones Europe Country Select Dividend Indexes is based on its indicated annual dividend yield. The indicated annual dividend yields for all components are totaled, and each component's weight is equal to its dividend yield contribution. The weight of individual components in the Dow Jones Select Dividend Indexes for France, Germany, Italy and the U.K. is restricted to 15%, whereas the weight of the individual components in the Dow Jones Select Dividend Indexes for the Netherlands and Sweden is restricted to 20%. Such restrictions are implemented quarterly.
The Dow Jones Europe Country Select Dividend Indexes are reviewed on an annual basis in March. Price and total return indexes are calculated in US dollars and in the respective local currency, namely the Euro, Swedish Krona and British Pound.
Daily historical data is available back to 31 December, 1998, with a base value set at 100. Components and weightings are available at www.djindexes.com.
The Dow Jones Europe Country Select Dividend indexes further complement the Dow Jones and Dow Jones STOXX Select Dividend Indexes series consisting of the Dow Jones US Select Dividend Index, the Dow Jones STOXX Select Dividend 30 Index, the Dow Jones EURO STOXX Select Dividend 30 Index, the Dow Jones Spain Select Dividend 20 Index, the Dow Jones SWX Switzerland Select Dividend 20 Index, the Dow Jones Asia/Pacific Select Dividend 30 Index, the Dow Jones Asia Select Dividend 30 Index and Dow Jones Japan Select Dividend 30 Index.
For further information and related articles on structured products, please click here
- Special Reports
- By Location
- Asian Hedge Funds
- BVI Hedge Fund Services
- Bermuda Hedge Fund Services
- Canada Hedge Fund Services
- Cayman Hedge Fund Services
- Channel Islands Stock Exchange
- Future of offshore funds
- Gibraltar Hedge Fund Services
- Guernsey Hedge Fund Services
- Hedge Funds in Germany
- Hong Kong Hedge Fund Services
- Ireland Hedge Fund Services
- Isle of Man Hedge Fund Services
- Jersey Hedge Fund Services
- Jersey Private Equity Services
- Latin American Hedge Funds
- London Hedge Fund Services
- Luxembourg Hedge Fund Services
- Malta Hedge Fund Services
- Middle East Hedge Fund Services
- Singapore Hedge Fund Services
- South African Hedge Fund Services
- Spanish Hedge Funds 2008
- Switzerland Hedge Funds
- US East Coast Hedge Fund Services
- US Hedge Fund Services
- By Subject
- Conference reports
Latest Special Report
- By Location
- How to set up a hedge fund