Mr Price Group Limited of South Africa will be added to the Dow Jones Emerging Markets Consumer Services Titans 30 Index, Dow Jones Indexes announced today.
The addition of Mr Price Group Limited follows the removal of Brazil’s TAM S/A ADS due to its acquisition by LAN Airlines S.A. (Brazil).
Mr Price Group Limited is engaged in the business of retail distribution through specialty stores.
The changes in the Dow Jones Emerging Markets Consumer Services Titans 30 Index will be effective as of the opening of trade on Monday, June 18, 2012.
The Dow Jones Emerging Markets Consumer Services Titans 30 Index measures the performance of 30 leading emerging-market companies in the Consumer Services Industry as defined by the proprietary classification system used by Dow Jones Indexes. Stocks are selected to the index based on float-adjusted market capitalization, size, revenue and net profit.
Company additions to and deletions from the Dow Jones Emerging Markets Consumer Services Titans 30 Index does not in any way reflect an opinion on the investment merits of the company.