On August 4, Dow Jones Indexes, a leading global index provider, launched the Global Dow, an index with components are selected by the editors of the Wall Street Journal.
The launch of this new icon was unveiled today by Rupert Murdoch, chairman and chief executive of News Corporation in Mumbai, India. Dow Jones Indexes is a business unit of Dow Jones & Company, a News Corporation subsidiary.
In Murdoch’s words: “The world is changing, and how we measure that change economically and financially is clearly a challenge and an opportunity. We have seen a re-weighting of risk around the world, but the world itself is being economically re-rated, and so we need an index that allows investors to take advantage of these changes. Indian companies will obviously have a place in the Global Dow as will companies from other emerging countries where we have seen an unprecedented economic emancipation over the past two decades.”