Cisco Systems Inc, Comcast Corp (Class A shares) and FedEx Corp have been added to the Dow Jones US Contrarian Opportunities Index.

The index is designed to systematically measure the performance of stocks that lag behind the broader market in terms of recent performance, but outrank their peers based on fundamentals and other qualitative criteria.
 
Including Cisco Systems (the world’s 31st-largest company, measured by free-float market capitalisation), Comcast (54th-largest) and FedEx (223rd-largest), a total of 54 companies were added to ― and 52 deleted from ― the index as part of a regular semi-annual review by Dow Jones Indexes, a leading global index provider. Following the review, the Dow Jones U.S. Contrarian Opportunities Index now has 125 components, up from 123; all changes are effective after the close of trading on February 17, 2012.
 
Following Cisco Systems (one of 30 companies that comprise the Dow Jones Industrial Average), Comcast and FedEx, the next largest components to be added to the Dow Jones US Contrarian Opportunities Index, measured by free-float market capitalisation, are Kohl's Corp. and Zimmer Holdings, Inc. The five largest components to be deleted from the index, measured by free-float market capitalisation, are Thermo Fisher Scientific Inc, Norfolk Southern Corp, Biogen Idec Inc, eBay Inc and Google Inc.(Class A shares).

The Dow Jones US Contrarian Opportunities Index is a transparent, rules-based tool for benchmarking contrarian investment strategies. The index’s universe is the Dow Jones US Broad Stock Market Index, which comprises the largest 2,500 US stocks by float-adjusted market capitalisation. The Dow Jones US Contrarian Opportunities Index is equal weighted and reviewed semi-annually in January and July with changes taking effect in February and August.
 
As of 8 February, 2012, the float-adjusted market capitalisation of the reconstituted Dow Jones US Contrarian Opportunities Index decreased to USD1.22 trillion from USD1.30 trillion.