Mauritius, Qatar, Oman and the United Arab Emirates (UAE) will be added to the Dow Jones Wilshire Global IndexSM family, effective from the start of trading on October 1, 2008, Dow Jones Indexes and Wilshire Associates have announced.
Additionally, the Republic of Slovenia and the Republic of Malta will be reclassified to the Developed Markets subgroup from the Emerging Markets subgroup in the Dow Jones Wilshire Global Index family with the change effective on April 1, 2009.
“Including Mauritius, Qatar, Oman, and the UAE in the Dow Jones Wilshire Global index family reflects the growing importance of these emerging markets to the world’s investment community and ensures the Dow Jones Wilshire Global Total Market Index provides institutional investors with the broadest coverage of international equities,” said Michael A. Petronella, president, Dow Jones Indexes.
“The decision to transfer the Republic of Slovenia and the Republic of Malta to the Developed Markets subgroup is consistent with our goal of providing the most comprehensive measure of the equity markets for global economies from which institutional investors can make their asset allocation decisions,” he added.
“Moving the Republic of Slovenia and the Republic of Malta to the developed market subgroup acknowledges the International Monetary Fund’s findings that they have the infrastructure to deliver results in line with large, mature developed markets,” noted Dennis A. Tito, chairman and chief executive officer of Wilshire Associates Incorporated and the individual credited with developing the then named Wilshire 5000 in 1974.
“Adding Mauritius, Qatar, Oman and the UAE to the Dow Jones Wilshire Global Total Market index recognizes not only growing investor interest in, but also their investment in these previously sparsely covered countries," he added.
The inclusion of the four new countries to the Dow Jones Wilshire Global Index family increases the total number of countries in the index from 61 to 65 on October 1, 2008. All four new countries will be added to the Dow Jones Wilshire Emerging Markets, Dow Jones Wilshire Global ex-US and Dow Jones Wilshire Middle East & Africa indexes.
As of July 1, 2008, 23 companies from Mauritius, 25 companies from Qatar, 38 companies from Oman and 28 companies from the UAE were due to be added to the Dow Jones Wilshire Global Total Market Index and respective regional and country indexes in October 2008. The final component count will be known on October 1.
Dow Jones Wilshire Indexes are global benchmarks which serve as informational tools to assist plan sponsors, asset managers and institutional investors fulfil fiduciary responsibilities. As of the close of trading of June 30, 2008, the Dow Jones Wilshire Global Total Market Index measures 12,782 stocks in 61 countries with a float-adjusted market capitalization of USD34.7tn.
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