On Jan. 5, Dow Jones & Co. and American International Group Inc. launched a new index of commodity prices in a joint marketing agreement.
In December 1998, Dow Jones Indexes and the Sydney Futures Exchange (SFE) announced joint ventures to develop a new set of investable equity indexes and debt and commodity indexes with associated futures contracts.
The IFC has decided to cease to maintain indexes on Portugal as of April 1, 1999. Portugal has been included in the company’s IFC Investable and Global Index series, as well as IFCI and IFCG regional and composite indexes.
The International Finance Corporation, a member of the World Bank Group, recently announced that it would be adding three new indexes to its series of emerging markets indexes by mid-1999.
In January, the FTSE index launched a £3 million, or $4.8 million, one year marketing campaign. While FTSE would not say what its previous marketing budget was, it admitted that the current amount was a definite increase.
On Dec. 31, 1998, the Toronto Stock Exchange launched a new stock index of large Canadian companies in an effort to boost international interest in Canada's stock market and establish the benchmark for large-capitalization stocks in Canada. The S&P/TSE 60 will co-exist with the older group of indexes during a transition period of undetermined length in which the TSE 35, 100 and 200 indexes will be phased out.
|Equity Indexes Worldwide||In Local Currencies|
|1999 Price Return (%)||1998 Price Return (%)|
The Chicago Board Options Exchange began trading options on the "Dow 10" on Jan. 4 under the ticker symbol MUT.
A number of so-called 'Internet indexes', some more prominent than others, keep track of the internet industry and related sectors. Some focus solely on the Internet; others survey a wider range of technology stocks; none are more than a few years old.