UPDATE: Dow Jones Indexes Adds Asian, European Indexes

Dow Jones Indexes is introducing two new regional indexes in Asia and Europe, which will operate in a similar manner to the flagship Dow Jones Industrial Average.

The new indexes, which will be called The Europe Dow and The Asia Dow, will track 30 blue-chip companies in each region. The announcement comes as the blue-chip DJIA celebrates its 115-year anniversary.

Europe Dow is made up of nine U.K. listings, five based in France and Germany and four Swiss listings, among others. Meanwhile, Asia Dow has seven Japanese listings, while Australia, China and Hong Kong each have four listings.

Dow Jones Indexes is part of a joint venture company owned 90% by CME Group Inc. (CME) and 10% by Dow Jones & Co., a unit of News Corp. (NWS, NWSA), which publishes this newswire.

One marked difference is The Europe Dow and The Asia Dow will both be weighted equally, unlike the flagship index which uses price-weighted methodology.

The Europe Dow launch marks the most recent expansion of Dow Jones Indexes' European offerings. The company last month unveiled six dividend-focused and two real estate indexes for European markets, as well as two volatility index series.

Toyota Motor Corp and HSBC Holdings highlight some of the large Asian blue-chips, while BNP Paribas, Vodafone Group and Royal Dutch Shell are some of the European components.

-By Steven Russolillo, Dow Jones Newswires; 212-416-2180; steven.russolillo@dowjones.com

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