Bucharest, Palestine Exchanges to be added to Dow Jones Feas Index universe

Dow Jones Indexes announced the Bucharest Stock Exchange and the Palestine Exchange will be added to the Dow Jones FEAS Index universe...

Sign up for our weekly Newsletter and receive the latest ETF and ETC news.
Click here to register for your free copy 

The Dow Jones FEAS Indexes measure the performance of companies across the Euro-Asian region. There are three indexes in the family: a composite and two regional sub-indexes. With the addition of Bucharest (15) and Palestine (seven), a total of 22 new component stocks will be added to the index, making for a total of 403 component stocks.

The Dow Jones FEAS Composite Index includes component stocks from 14 of the 34 members of the Federation of Euro-Asian Stock Exchanges. The exchanges included are Abu Dhabi (UAE), Amman (Jordan), Banja Luka (Bosnia and Herzegovina), Belgrade (Serbia), Bucharest (Romania), Gaza (Palestine), Istanbul (Turkey), Karachi (Pakistan), Manama (Kingdom of Bahrain), Muscat (Oman), Sarajevo (Bosnia and Herzegovina), Skopje (Republic of Macedonia), Sofia (Bulgaria) and Zagreb (Croatia).

The Dow Jones FEAS Middle East/Caucasus Index includes stocks from four FEAS member exchanges: Abu Dhabi, Amman, Gaza, Manama and Muscat. The Dow Jones FEAS South East Europe Index measures the performance of companies listed on seven FEAS member exchanges: Banja Luka, Belgrade, Bucharest, Istanbul, Sarajevo, Skopje, Sofia and Zagreb.

The Dow Jones FEAS Indexes are designed to cover 95% of the free-float market capitalization of each country in its respective index. In addition to float-adjusted market capitalization, components are selected based on readily available prices. The indexes are calculated and disseminated in Euro and U.S. dollars, and weighted by float-adjusted market capitalization.

The Dow Jones FEAS Indexes are rebalanced quarterly, including an update of outstanding shares and float factors.

Source: ETFWorld – Standard & Poor’s