Dow Jones Internet And Technology Sector Indexes Become Now Tradable Through New Exchange-Traded Funds; Total Assets Linked To Dow Jones Indexes Top $240 Billion.Business Editors PRINCETON, N.J.--(BUSINESS WIRE)--May 18, 2000 Investors will be able to buy or sell exchange-traded funds linked to the performance of the Dow Jones Internet Index and Dow Jones Technology Sector Index beginning Friday, May 19. The Dow Jones Internet and Technology Sector indexes track key sectors of the U.S. equities market. Both indexes provide benchmarks for tracking sector performance and now serve as the basis for investment products, licensed to and managed by Barclays Global Investors Barclays Global Investors is a subsidiary of British-based Barclays Bank which is in the investment management industry. It is the largest corporate money manager in the world, with over £936 billion (US$1.77 trillion) under management as of March 2006[1]. and trading on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. . Other Dow Jones Index-based exchange-traded funds are expected to be offered in the coming weeks. "We are extremely pleased that Barclays Global Investors has chosen Dow Jones Indexes as the index provider for their sector funds," said Michael A. Petronella, Managing Director of Dow Jones Indexes. "Through the Barclays' funds, Investors have a very cost effective way to invest in two of the most important sectors of the U.S. economy. We look forward to the introduction of the remaining funds based on Dow Jones indexes." The Dow Jones Internet and Technology Sector indexes exchange-traded funds are among the more than 250 licensed investment products from Dow Jones Indexes. Total assets based on these indexes, including the Dow Jones STOXX pan-European indexes, now total an estimated $240 billion. AMEX-traded DIAMONDS, based on the Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. , began trading in 1998 and have attracted over $2 billion in assets. The Dow Jones Internet Index is a 40-stock benchmark that measures the performance of US Internet stocks. The index seeks to represent 80% of the market capitalization of the Internet sectors. Over the last twelve months (through 5/15/00) the Dow Jones Internet Index is up 3.1%. The Dow Jones Technology Sector Index measures the combined performance of US computer software, hardware and related systems and peripheral device companies. The index has gained 60% over the last year (through 5/15/00). The Dow Jones Technology Sector Index is part of the Dow Jones U.S. Total Market Index, which provides 95 % representation of the U.S. equity market. The Dow Jones U.S. Total Market Index incorporates the Dow Jones Global Industry Classification Structure, which comprises 10 broad market sectors, 40 mid-level industry groups and 70 more narrowly defined sub groups. Further information on the Dow Jones Internet Index, the Dow Jones Technology Sector Index and the Dow Jones US Total Market Index can be found on the Dow Jones Indexes web site at http://indexes.dowjones.com. Further information on exchange-traded funds can be found on http://www.ishares.com. Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages Dow Jones Averages A trademark used for three indexes of the relative price of selected industrial, transportation, and utility stocks based on a formula developed and periodically revised by Dow Jones & Company, Inc. , the Dow Jones Global Titans The Dow Jones Global Titans 50 Index was created to reflect the globalization of international blue chip securities in the wake of mergers and the creation of mega-corporations. Index, the Dow Jones Global Indexes The Dow Jones Global Indexes (DJGI) are a family of real time international equity indexes, including world, region, and country indexes and economic sector, market sector, industry-group, and subgroup indexes. , the pan-European Dow Jones STOXX Indexes, the Dow Jones REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). Indexes, the Dow Jones-AIG Commodity Index The Dow Jones-AIG Commodity Index [DJ-AIGCI] is a broadly diversified index that allows investors to track commodity futures through a single, simple measure. The DJ-AIGCI is composed of futures contracts on physical commodities. , the Dow Jones Islamic Market Indexes, the Dow Jones Internet Indexes, the Dow Jones Extra Liquid Series, the Dow Jones Sustainability Group Indexes and the Dow Jones Total Market Index Series. Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information. In addition to Dow Jones Indexes, Dow Jones & Company (NYSE NYSE See: New York Stock Exchange : DJ; www.dj.com) publishes The Wall Street Journal and its international and interactive editions, Barron's and SmartMoney magazines and other periodicals, the Dow Jones Newswires Dow Jones Newswires is the real-time financial news organization owned by Dow Jones. Founded in 1882, its primary competitors are Bloomberg L.P. and Reuters. The company reports more than 420,000 subscribers -- including brokers, traders, analysts and fund managers -- as of July , dowjones.com, and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, and with NBC of the CNBC television operations in Europe and Asia. Dow Jones also provides news content to CNBC in the U.S. |
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