The New Global Dow Index

If you have looked at cbs.marketwatch.com recently, you have noticed a new index called Global Dow. I expect that over time it may become a fairly important knew index. Below describes exactly what it is.

http://www.marketwatch.com/news/story/New-global-index-takes-pulse/story.aspx?guid={C57CB27C-177A-4491-84DF-19AC8C3A195B}

The Global Dow launched on Tuesday -- the first addition to the Dow Jones Averages family of indexes in 75 years.

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The Global Dow is much bigger -- 150 stocks rather than 30 -- and its components are weighted equally rather than by price. All 30 Dow industrial stocks are included in The Global Dow, as well as some from the Dow Jones Transportation and Utility averages.

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But The Global Dow isn't an exact mirror of the DJ Wilshire Global. The Global Dow is a bit underweight in the Americas (the U.S. is at 42% instead of 46%) and puts greater emphasis on Europe at 32% versus 27% for the DJ Wilshire Global. Asia/Pacific is a smidgen heavier in The Global Dow at 21% rather than 20%.