NEW YORK (Nov. 30, 2005)â€â€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 indexesâ€â€combined with the recently introduced Dow Jones Wilshire U.S. Style Indexesâ€â€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.â€Â
“With the release of the Dow Jones Wilshire U.S. Industry Indexes on the heels of the Dow Jones Wilshire U.S. 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 familyâ€â€with both full- and float-adjusted market-capitalization versionsâ€â€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 Indexesâ€â€introduced earlier this yearâ€â€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 platformsâ€â€many in real-time formatâ€â€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.