Journal of Indexes Staff

Journal Of Indexes

1999 World Index Returns 2

1999 World Index Returns In US$
 
DJGI
FT/S&P World Actuaries
MSCI
Salomon SSBGEI

Journal Of Indexes

Islamic Index Adds Subindexes

The Dow Jones Islamic Market Index was joined by two new sub-indexes on May 14. The Dow Jones Islamic U.S. Index consists of roughly 230 U.S.-based companies that are included in the DJIMI. The Dow Jones Islamic Global Technology Index includes about 70 technology-oriented companies from the larger index.

Journal Of Indexes

1999 World Index Returns 2

1999 World Index Returns In US$
 
DJGI
FT/S&P World Actuaries
MSCI
Salomon SSBGEI

Journal Of Indexes

The DJIA Gets An Annuity

American Equity Investment Life Insurance Co. announced April 29 that it has secured a license from Dow Jones Indexes and is introducing "The Dow Equity-Indexed Annuity," the first tax deferred fixed annuity that links its interest rate to the performance of the Dow Jones Industrial Average (DJIA).

Journal Of Indexes

The First Ever Internet Index Fund

It hit the market at the end of July, courtesy of Investec Guinness Flight and the ISDEX. One of the first Internet indexes in existence, with its inception in 1996, the Internet Stock Index, or ISDEX, is also one of the most widely followed of the plenitude of Internet indexes that have cropped up in recent years.

Journal Of Indexes

Amex: The Indexes Exchange?

It’s beginning to look like one. The first index-based unit investment trusts
to trade on the American Stock Exchange were the Standard & Poor’s Depository
Receipts, or SPDRs, in 1993.

Journal Of Indexes

Russell 2000’s 1999 Renewal Wins Managers’Cheers

By the second week in July, the Russell 2000 index received the final touches in its annual makeover.

The small-stock benchmark gained a variety of new issues and, as expected, saw many highflying Internet stocks graduate to the Russell 1000 large-capitalization index. The Russell indexes are adjusted once a year on June 30, partly to push out of the Russell 2000 those stocks that have gotten too big to be "small."

Any stock with a market capitalization below $1.5 billion is generally considered small-cap.

Journal Of Indexes

Hong Kong Launches Property Options

The Hong Kong Futures Exchange introduced options on the Hang Seng Properties Sub-index (PSI) on June 9. On the same day, it also reintroduced futures on the PSI. Both the futures and options are traded on the Hong Kong Automated Trading System.

The PSI tracks the performance of the 12 property-related stocks in the 33-stock Hang Seng Index.

Journal Of Indexes

Swedish Index Manipulation Punished By Fines

The Swedish stock exchange has fined Credit Suisse First Boston two million kronor ($241,800) for an attempt to manipulate the market in the final days of 1998 (see Indexes, Issue 1).

Nordiska Fondkommission AB was fined one million kronor for its role.

The three CSFB traders involved in the trades were part of a group nicknamed the Flaming Ferraris, after their favorite cocktail. All have since been dismissed by the investment bank. Nordiska Fondkommission also has dismissed the broker involved.