Five Additions and Five Deletions to Janney Water Index in Quarterly Rebalancing
Two additions to Water Tech; three additions to Water Works.
New York, NY (PRWEB) September 20, 2007 -- The Janney Water Index (TICKER: JGI) will add five new components, effective 6:00 PM (EST) Sunday, September 23. Five stocks will be deleted from the index. The changes result from the indexs quarterly rebalancing. A complete list of constituents and weights will be posted on the J-Net web site, www.janneywaterindexes.com/indexes_jgi.php.
The Janney Water Index is a capitalization-weighted, float adjusted composite index of 60 of the most prominent water stocks in the world. It contains 30 water utilities and 30 companies engaged in water infrastructure development and/or technology. The 30 utility stocks make up the Janney Water Works (TICKER: JWW) sub-index and the 30 technology and infrastructure stocks form the Janney Water Tech (TICKER: JWT) sub-index.
Four of the current additions are listed in the U.S. and one is listed in Thailand. The changes net a $1.2 billion decline in market cap to the index. To be included in the JGI index stocks must pass multiple screens, including for capitalization, float, exchange listing, share price and turnover.
There were three additions to the JWW: York Water Company and Artesian Resources Corp., both based in the US and Eastern Water Resources, which is based in Thailand. There were two additions to the JWT: Basin Water Inc. and Northwest Pipe Company, both based in the US. All five companies were added to the composite JGI.
Media Contacts:
Joseph LaCorte
J-Net Global Indexes, LLC
646-467-7927
www.janneywaterindexes.com
Roy Blumberg
Janney Montgomery Scott LLC
215-665-6234
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