ZURICH, Switzerland (HedgeWorld.com)–STOXX Ltd. announced changes in the composition of the Dow Jones STOXX Total Market Index, the Dow Jones STOXX 600 Index and its sector indexes.

These are popular tools, especially for those hedge funds that employ statistical arbitrage .

The following 13 stocks are leaving the index, effective with the opening of European markets on Sept. 22: Aggreko, Caledonia Investments, Easyjet and Securicor (Great Britain), ASM International and Hagemeyer (Netherlands), Benetton and Telecom Italia Media (Italy), EMS Chemie and Rieter (Switzerland), Omega Pharma (Belgium), Orion (Finland) and William Demant (Denmark).

They will be replaced with the following stocks: Colt Telecom, Marconi Corp., Northumbrian Water, Somerfield, Stagecoach, Weir and Yell (Great Britain), Cosmote Mobile and Opap (Greece), Grafton (Ireland), Sonoma Wsoy (Finland), Trelleborg (Sweden) and Unipol Assicurazioni (Italy).

The market sectors for two components of the Dow Jones STOXX 600 will change, too. AGFA Gevaert (Belgium) will move from cyclical goods and services to industrial goods and services, Depfa Bank (Germany) from financial services to banks.

The adjusted component weightings, including the number of shares and free-float features, are to be announced on Sept. 17 after the close of European markets.

CFaille@HedgeWorld.com