Dow Jones Indexes, Wilshire Associates Launch Dow Jones Wilshire U.S. Industry Indexes
NEW YORK, Nov. 30, 2005 -- Dow Jones Indexes, a leading global index provider, and Wilshire Associates Incorporated, a leading investment consulting, management and technology firm, today announced the release of the Dow Jones Wilshire U.S. Industry Indexes.
The Dow Jones Wilshire U.S. Industry Indexes represents U.S. stocks within the 10 industries defined by the Industry Classification Benchmark (ICB). Together, the 10 indexes make up the Dow Jones Wilshire 5000sm Composite Index, the most comprehensive measure of the U.S. equity market.
“The launch of these new industry indexes -- combined with the recently introduced Dow Jones Wilshire U.S. Style Indexes -- reflects our commitment to providing the broadest measure possible of U.S. stocks,” said Michael A. Petronella, president of Dow Jones Indexes/Ventures. “Institutional investors can use the now fully extended Dow Jones Wilshire U.S. index family to benchmark their portfolios against either a piece of the market, or the entire asset class.”
“With the release of the Dow Jones Wilshire U.S. Industry Indexes on the heels of the Dow Jones Wilshire Style Indexes, we have completed the U.S. tool-set of indexes to explain equity performance,” noted Dennis A. Tito, chairman and chief executive officer of Wilshire Associates, who originally developed the then-named Wilshire 5000 Total Market Index in the early 1970s.
The new indexes are the Dow Jones Wilshire U.S. Basic Materials Index; Dow Jones Wilshire U.S. Consumer Goods Index; Dow Jones Wilshire U.S. Consumer Services Index; Dow Jones Wilshire U.S. Financials Index; Dow Jones Wilshire U.S. Health Care Index; Dow Jones Wilshire U.S. Industrials Index; Dow Jones Wilshire U.S. Oil & Gas Index; Dow Jones Wilshire U.S. Technology Index; Dow Jones Wilshire U.S. Telecommunications Index; and Dow Jones Wilshire U.S. Utilities Index. Indexes also are available for the 18 Supersectors, 39 Sectors and 104 Subsectors defined by the ICB.
The new indexes are weighted by free-float market capitalization. The composition of the index is reviewed on a monthly basis following the Dow Jones Wilshire 5000 methodology. The Dow Jones Wilshire indexes family—with both full- and float-adjusted market-capitalization versions—is comprised of the Dow Jones Wilshire 5000 Composite Index; Dow Jones Wilshire 4500 Completion Index; Dow Jones Wilshire RESI Index; and Dow Jones Wilshire REIT Index. The Dow Jones Wilshire U.S. Style Indexes—introduced earlier this year—are weighted by float- adjusted market capitalization only.
Global versions of the Dow Jones Wilshire indexes are expected to roll out in the second quarter 2006.
Dow Jones Wilshire indexes are available on market-data vendor platforms— many in real-time format—and on the Dow Jones Indexes (www.djindexes.com) and Wilshire Associates (www.wilshire.com) Web sites. Industry history is available back to Dec. 31, 1998. The Dow Jones Wilshire 5000 Composite Index is calculated and distributed by Dow Jones Indexes pursuant to an agreement between Dow Jones & Company and Wilshire Associates Incorporated.
About Wilshire Associates
Wilshire Associates is a leading global investment technology, investment consulting and investment management firm with four business units: Wilshire Analytics, Wilshire Funds Management, Wilshire Consulting, and Wilshire Private Markets. Wilshire Analytics develops and provides superior risk management, portfolio analysis, asset allocation and performance measurement solutions to fund managers, banks, insurers, consultants and other institutional investment organizations around the world.
The firm was founded in 1972, revolutionizing the industry by pioneering the application of investment analytics and research to investment management for the institutional marketplace. Wilshire also is credited with helping to develop the field of quantitative investment analysis that uses mathematical tools to analyse market risks. All other business units evolved from Wilshire’s strong analytics foundation.
Wilshire developed the index now known as the Dow Jones Wilshire 5000sm Composite Index, the first asset/liability models for pension funds, the first U.S. equity style metrics work and many other “firsts” as the firm grew to more than 300 employees serving the investment needs of institutional and high net worth clients around the world.
Based in Santa Monica, CA, Wilshire provides services to clients in more than 20 countries representing in excess of 600 organizations with assets totaling more than $12.5 trillion. With eight offices on four continents, Wilshire Associates and its affiliates are dedicated to providing clients with the highest quality counsel, products and services. Trust Universe Comparison Service® and TUCS® are registered service marks of Wilshire Associates Incorporated, Santa Monica, California. Please visit www.wilshire.com for more information.
About Dow Jones Indexes
Dow Jones Indexes is a premier global provider of market indexes. Best known for the Dow Jones Industrial Average, Dow Jones Indexes also is co-owner of the Dow Jones STOXX indexes, the world’s leading pan-European indexes, and provides the Dow Jones Titans family, which includes blue-chip indexes for various countries, regions and sectors. Together with Wilshire Associates, Dow Jones Indexes provides the Dow Jones Wilshire index family, which features the Dow Jones Wilshire 5000 and is expanding to include a complete global family of country, region, sector, cap-range and style indexes. In addition, Dow Jones Indexes offers a number of specialty indexes, a few of which include measurements of the hedge fund, commodity and credit derivative markets.
In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron’s and the Far Eastern Economic Review, Dow Jones Newswires, MarketWatch and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC Universal of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.
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- Wilshire Associates Incorporated
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