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Investing September 5, 2001
Few Surprises in STOXX Shuffle
September 5, 2001 (PLANSPONSOR.com) - The annual
review of STOXX Ltd.'s blue-chip indexes didn't contain many
surprises but could trigger fund flows at the end of the
month.
Reported by Nevin E. Adams
The review of the DJ STOXX 50 and the DJ Euro STOXX 50 indexes was based on the companies’ closing free-float market capitalization on August 31, 2001.
STOXX, a joint venture between Deutsche Boerse AG, Dow Jones, Euronext Paris SA and SWX Swiss Exchange, adds a company to either index if, since the last review, it has become one of the 40 largest companies by market value. A company that’s fallen to 61st or below will exit the indexes.
Comings and Goings
Notably, telecommunications firms France Telecom and Marconi Plc will be deleted from the Dow Jones STOXX 50 Index when the changes become effective September 24, STOXX said in a press release. They will be replaced by Anglo-Dutch consumer products giant Unilever PLC and French utilities group Suez (France).
Dutch telecom group Royal KPN NV will be dropped from the Dow Jones Euro STOXX 50 Index and replaced by French building-materials supplier Compagnie De Saint Gobain.
The STOXX 50 lists Europe’s 50 largest companies by market value. The Euro STOXX 50 is comprised of the largest stocks in the 12 nations sharing the euro currency.