EUROPE - New-York-based Dow Jones Indexes (DJI) has launched six new country-specific value and growth indices tracking France, Germany, Italy, the Netherlands, Sweden and UK.
The offerings will complement the existing Dow Jones STOXX European regional growth and value indexes that were launched last year.
Michael Petronella, managing director of DJI said: The new value and growth indexes for these European countries further enhance the breadth of the Dow Jones/STOXX benchmark index series.
“We believe strongly that investment managers who use indexes as benchmarks as well as for investing purposes deserve as much choice and granularity as possible when measuring a market.
Growth stocks typically demonstrate higher revenue, sales, profit and cash flow and are more likely to reinvest profits than pay dividends. Value stocks, on the other hand, tend to have relatively low price-to-earnings and price-to-book ratios and are more likely to pay dividends.
To be included in the European country style indexes a company must be a member of the Dow Jones STOXX Total Market Index.
The Dow Jones/STOXX family already includes growth and value indexes for the US, Canada and Europe. Global value and growth indexes are under consideration.
The Dow Jones European Country Style Indexes will be distributed on a real-time basis through major data vendors. Full component lists and ticker symbols will be available at www.djindexes.com.
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