Products July 1, 2009

Dow Jones Launches New Islamic Market Index

July 1, 2009 (PLANSPONSOR.com) - Dow Jones Indexes has licensed the Dow Jones Islamic Market International Titans 100 Index to Javelin Investment Management, an investment adviser registered with the Securities and Exchange Commission.
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A press release said the blue-chip index will underlie the first Shari’ah compliant exchange-traded fund listed in the U.S. – the JETS Dow Jones Islamic Market International Index Fund (JVS) – available on the New York Stock Exchange July 1.

The Dow Jones Islamic Market International Titans 100 Index measures the stock performance of 100 leading ex-U.S. companies that have passed rules-based screens for Shari’ah compliance. To determine their eligibility for the Dow Jones Islamic Market Indexes, stocks are screened based on their industry type and their financial ratios.

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According to the press release, excluded are companies engaged in the following lines of business: alcohol, tobacco, pork-related products, financial services, defense/weapons and entertainment. Also excluded are companies for which the following financial ratios are 33% or more: debt divided by trailing 12-month average market capitalization; cash plus interest-bearing securities divided by trailing 12-month average market capitalization; and accounts receivables divided by trailing 12-month average market capitalization.

Each component’s weight is capped at 10% of the index to avoid overweight of one single stock. The index composition is reviewed annually in June.

More information is at www.djindexes.com .

Products June 30, 2009

T. Rowe Unveils Large-Cap Offering

June 30, 2009 (PLANSPONSOR.com) - T. Rowe Price has launched the U.S. Large-Cap Core Fund.
Reported by

A news release said the fund seeks long-term capital growth with moderate risk by investing in a concentrated portfolio across the spectrum of both value and growth large-cap domestic stocks. The fund will be available via Advisor Class shares offered through the adviser channel as well as to retail customers, the company said.

The portfolio, constructed of 50 to 75 companies, selects the top picks from the company’s equity analysts. Normally, the fund will invest at least 80% of its net assets in the stocks of U.S. large-cap companies.

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The new fund will be managed by Jeff Rottinghaus, who has developed a successful track record during his eight years with T. Rowe Price, both as an analyst and portfolio manager. After joining the firm as an analyst covering technology, Rottinghaus became the portfolio manager of the T. Rowe Price Global Technology Fund from 2006- 2008.

The minimum initial investment in both the U.S. Large-Cap Core Fund (TRULX) and the U.S. Large-Cap Core Fund-Advisor Class (PAULX) is $2,500 or $1,000 for retirement plans or gifts or transfers to minors (UGMA/UTMA) accounts.

More information is available at  troweprice.com .

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