NEW YORK, Jan. 27, 2010 (GLOBE NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, announced today that the Dow Jones Industrial Average (The Dow) has been licensed to Credit Suisse AG, to serve as underlying for an exchange-traded fund (ETF). The Xmtch (IE) on Dow Jones Industrial Average will be available at SIX Swiss Exchange today.
“The Dow Jones Industrial Average is an American icon and the world’s most frequently quoted stock market indicator, with a history of well over 100 years,” said Michael A. Petronella, president, Dow Jones Indexes. “By licensing The Dow, Credit Suisse adds a supreme benchmark to their ETF portfolio, and enables market participants to measure the performance of the U.S. market through 30 well chosen blue chip companies.”
The Dow Jones Industrial Average is a price-weighted index that tracks 30 of the biggest and most widely recognized blue-chip stocks in the United States selected by the editors of The Wall Street Journal. “The Dow,” as it is commonly known, belongs to the Dow Jones Averages family. Originally created by Charles Dow in 1896 to gauge the new industrial economy, the term "industrial" is broadly defined so the index accurately reflects the performance of the U.S. stock market today, covering such diverse industries as financial services, technology, retail, entertainment and consumer goods.
To calculate the Dow, the sum of the stock prices are divided by an index divisor, which is used to adjust for stock splits and other corporate actions that may affect the index's composition.
For more information on the Dow Jones Industrial Average, please visit www.djaverages.com" title="blocked::www.djaverages.com">www.djaverages.com .
Journalists may e-mail questions regarding this press release to PR-Indexes@dowjones.com
Note to Editors:
About Dow Jones Indexes
A full-service index provider, Dow Jones Indexes develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best known for the Dow Jones Industrial Average, Dow Jones Indexes also maintains its benchmark index series, the Dow Jones Total Stock Market Indexes, which is anchored by the Dow Jones U.S. Total Stock Market Index and covers more than 12,000 securities in 65 markets. Beyond equity indexes, Dow Jones Indexes maintains a number of alternative indexes, including measures of the hedge fund and commodity markets. Dow Jones indexes are maintained according to clear, unbiased and systematic methodologies that are fully integrated within index families. http://www.djindexes.com/">www.djindexes.com
About Dow Jones
Dow Jones & Company (www.dowjones.com) is a News Corporation company (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV; www.newscorp.com). Dow Jones is a leading provider of global business news and information services. Its Consumer Media Group publishes The Wall Street Journal, Barron's and MarketWatch. Its Enterprise Media Group includes Dow Jones Newswires, Dow Jones Factiva, Dow Jones Client Solutions, Dow Jones Indexes and Dow Jones Financial Information Services. Its Local Media Group operates community-based information franchises.
The Dow Jones & Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4578