Dow jones global index (djgi), Financial Management

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Dow Jones Global Index (DJGI)

The DJGI aims to cover 95% of market capitalisation at country level. As with FTSE and MSCI, there are the same 23 developed markets, but with greater coverage many more names are included. The DJGI universe is created by first aggregating all stocks traded on the local exchanges of eligible countries and assigning each company to the country of its primary market listing. After screening out non-common issues and illiquid stocks, each remaining company is assigned to an industry group according to its primary line of business. The selection process then proceeds at the country level (for developed markets excluding Europe) or at the aggregate level (for all Europe and all emerging markets).

These indices are designed to be investable by including only sufficiently liquid stocks. Issues under consideration for index inclusion are screened to ensure that they are actively traded and are readily accessible to investors. The indices are free float adjusted to exact percentages, with a minimum 5% free float requirement. At the end of May 2007, the DJGI was composed of 2500 largest capitalized companies stocks across 34 countries, with a total market capitalisation of over US$44 trillion after investability adjustment.


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