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Dow Jones Wilshire officially launched its global index family, with the simultaneous rollout of a complete set of size, industry, regional and country indexes stretching across 56 countries around the globe. Style indexes are planned for 2007.
The move is part of a broader expansion of the indexing industry overseas, driven in part by an increase in investor interest in international diversification and in part by the increased availability of solid data on international equities.
The piece de resistance of the new index family is the Dow Jones Wilshire Global Total Market Index, a float-adjusted index of more than 12,000 stocks from 56 countries. The Total index is joined by a full swath of regional indexes: Americas, Africa and the Middle East, Asia-Pacific and Europe; Americas ex-US, Asia-Pacific ex-Japan, Middle East, Africa, Developed Europe, Emerging Europe, Latin America, Developed Europe ex-UK, Euro Area and Nordic Europe.
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