New York (PRWEB) December 10, 2008
The Janney Global Water Index℠ (TICKER: JGI) will add three new components, effective 9: 00 AM (EST) Monday, December 22, 2008. Three stocks will be deleted from the index, thus maintaining the current number of 60 components. The changes result from the index's quarterly rebalancing.
The additions to Janney Water Tech℠ (TICKER: JWT) are IDEX Corp (TICKER: IEX US) and Northwest Pipe Co (TICKER: NWPX US), while Organo Corp (TICKER: 6368 JP) and Wavin NV (TICKER: WAVIN NA) will be deleted.
Pennchuck Corporation (TICKER: PNNW US) will replace Thessaloniki Water & Sewage (TICKER: EYAPS GS) in Janney Water Works℠ (TICKER: JWW).
A complete list of constituents and weights will be posted on the Janney index family web site, (http://janney.snetglobalindexes.com/about_the_indexes.php).
The Janney Global Water Index℠ is a capitalization-weighted, float-adjusted index of the most prominent water stocks in the world. To be included in the JGI index, stocks must pass multiple screens, including for capitalization, float, exchange listing, share price and turnover.
Detailed information, including constituent data, rules and price information, on the Janney family of global water indexes is available at http://www.janneywaterindexes.com. Data is also available through most vendors of financial data.
Index: Janney Global Water Index℠
Index: Janney Water Works℠
Index: Janney Water Tech℠
Janney Montgomery Scott, LLC
Joseph LaCorte, CFA
J-Net Global Indexes, LLC