STOXX to Launch Indexes Tracking Key Real Estate Markets

Discussion in 'Economics' started by K.C., Mar 21, 2006.

  1. K.C.

    K.C.

    STOXX to Launch Indexes Tracking Key Real Estate Markets

    RISMEDIA, March 21, 2006—STOXX Ltd., the leading European index provider, has launched three real estate indexes, the Dow Jones STOXX 600 Real Estate Index, the Dow Jones STOXX Americas 600 Real Estate Index and the Dow Jones STOXX Asia/Pacific 600 Real Estate Index, which track the performance of the top real estate investment trusts (REITs) and real estate holding & development stocks in Europe, the Americas and Asia/Pacific.

    The three regional real estate indexes are derived from the Dow Jones STOXX Global 1800 Index and include securities that are classified as either investing directly or indirectly in real estate through development, management, or ownership -- including property agencies, REITs or listed property trusts (LPTs) -- according to the Industry Classification Benchmark, a global sector classification standard.

    "The three new Dow Jones STOXX real estate indexes for Europe, the Americas and Asia/Pacific provide investors with transparent and objective tools to measure the real estate sector, which has outperformed the respective benchmark indexes in recent years," said Lars Hamich, managing director of STOXX Ltd. "The indexes are designed to underlie investment products, and will allow investors to participate in the performance of key real estate markets globally."

    The Dow Jones STOXX 600 Real Estate Index comprises 22 components, the Dow Jones STOXX Americas 600 Real Estate Index contains 20 components and the Dow Jones STOXX Asia/Pacific 600 Real Estate Index has 39 components.

    Over the last three years, the Dow Jones STOXX 600 Real Estate Index went up 153.40% whereas the Dow Jones STOXX 600 Index rose 81.46%; the Dow Jones STOXX Americas 600 Real Estate Index gained 85.73% whereas the Dow Jones STOXX Americas 600 Index went up 36.55%; and the Dow Jones STOXX Asia/Pacific 600 Real Estate Index rose 106.06% in comparison with the Dow Jones STOXX Asia/Pacific 600 Index, which was up 91.84%, as of March 17, 2006.

    The weights of individual securities are capped at 20% for all three indexes.

    The Dow Jones STOXX 600, Americas and Asia/Pacific Real Estate indexes are calculated both in Euro and U.S. dollars. Daily historical index values are available back from December 29, 2000. The indexes are reviewed quarterly in March, June, September and December.

    Components, weightings and performance figures of the Dow Jones STOXX Real Estate indexes are available on www.stoxx.com.

    RISMedia welcomes your questions and comments. Send your e-mail to: realestatemagazinefeedback@rismedia.com.


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