US - Dow Jones Indexes and Wilshire Associates Incorporated have announced plans to roll out a new index series in early 2005 covering five different investment "styles".
The Dow Jones Wilshire US Style index benchmarks will cover large-capitalisation 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 firms said in a joint statement.
“The new Dow Jones Wilshire Style Indexes will deliver style purity through coverage of the entire US equity market,” said John Prestbo, editor of Dow Jones Indexes.
“With its transparent methodology which, among other things, minimises 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.”
Wilshire Associates founder, chairman and CEO Dennis Tito (pictured) said the indexes offered comprehensive benchmarks for not only the US market but for the US market segments – growth and value.
The style indexes are planned to include a global composite.
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