Stoxx launches Eastern European index family

By Devika Patel

Knoxville, Tenn., Oct. 7 - Stoxx Ltd. announced in a press release that it has created a new index family that measures the performance of stocks traded in 18 Eastern European countries.

The index family comprises the Dow Jones Stoxx Eastern Europe Total Market Index, Dow Jones Stoxx Eastern Europe 300 Size, Dow Jones Stoxx Balkan Total Market Index, Dow Jones Stoxx Eastern Europe 50 and Dow Jones Stoxx Sub Balkan 30 indexes and 27 additional sub-indexes.

"The Eastern European countries are growing economies that have delivered competitive returns in recent years," Stoxx supervisory board chairman Werner Buerki said in the release. "Market participants may tap into these dynamic markets using an index family that offers comparable, transparent and stringent principles. This launch proves again the leading role of Stoxx Ltd. as we add this sophisticated index series and further broaden the Dow Jones Stoxx index universe."

The Dow Jones Stoxx Eastern Europe TMI serves as the basis for the 32 indexes in this family. The index covers 95% of the free-float market capitalization of each of the following 18 Eastern European countries: Bulgaria, Croatia, Cyprus, Czech Republic, Estonia, Greece, Hungary, Latvia, Lithuania, Macedonia, Poland, Romania, Russia, Serbia, Slovak Republic, Slovenia, Turkey and Ukraine.

To be eligible for the index, stocks need to have a minimum of 10 trading days during the past three months.

The Dow Jones Stoxx Eastern Europe 300 Size Indexes comprise the Dow Jones Stoxx Eastern Europe Large 100, Dow Jones Stoxx Eastern Europe Mid 100 and Dow Jones Stoxx Eastern Europe Small 100 indexes. Each index includes the 100 largest stocks of its respective size category of the Dow Jones Stoxx Eastern Europe 300 Index.

Within each index, individual stocks' weightings are capped at 20% of the index's total float-adjusted market capitalization. The Dow Jones Stoxx Eastern Europe 300 Index serves as the basis for the Dow Jones Stoxx Eastern Europe 300 Supersector indexes.

The Dow Jones Stoxx Eastern Europe 50 Index is a blue-chip index comprising 50 Supersector leaders in the 18 countries of the Dow Jones Stoxx Eastern Europe 300 Index. The weight of each country in the index is capped at 50% and the weight of each component is capped at 10%. Currently, the index includes stocks traded in Croatia, Cyprus, Czech Republic, Greece, Hungary, Poland, Russia, Slovenia and Turkey.

The Dow Jones Stoxx Balkan TMI covers approximately 95% of the free-float market capitalization of each of the following eight Balkan countries: Bulgaria, Croatia, Macedonia, Romania, Serbia, Slovenia, Turkey and Greece. To be eligible for the index, stocks need to have a minimum of 10 trading days during the past three months.

The Dow Jones Stoxx Sub Balkan 30 Index includes 30 Supersector leaders from Croatia, Macedonia, Serbia and Slovenia. It captures approximately 80% of the free-float market capitalization of the Dow Jones Stoxx Sub Balkan TMI, which in turn covers approximately 95% of the free-float market capitalization of the represented countries. Each component's weight is capped at 10% of the index.

The Dow Jones Stoxx Eastern Europe TMI and its sub-indexes are reviewed quarterly in March, June, September and December. The index composition of the Dow Jones Stoxx Eastern Europe 50 Index is reviewed semi-annually in March and September and the Dow Jones Stoxx Sub Balkan 30 Index is reviewed annually in September.

Price and total return indexes are calculated for all of the new indexes in Euro and United States dollar.

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