New York, NY (PRWEB) March 11, 2010
The S-Network ITG Agriculture Index℠ (TICKER: AGRI) will add two new components, effective 6:00 PM (EDT) Sunday, March 21, 2010. Two stocks will be deleted from the index, maintaining the current number of 30 index components. The changes result from the quarterly rebalancing of the index.
The additions to AGRI are:
China Agri-Industries Holdings (TICKER: 606 HK)
Olam International Ltd (TICKER: OLAM SP)
The deletions from AGRI are:
AgFeed Industries Inc. (TICKER: FEED US)
Kuala Lumpur Kepong Bhd. (TICKER: KLK MK)
A complete list of constituents and weights will be posted on the S-Network ITG Agriculture Index℠ website (http://itg.snetglobalindexes.com/about_the_indexes.php) as of the effective date.
The S-Network ITG Agriculture Index℠ is a capitalization-weighted, float-adjusted index of the most prominent agriculture stocks in the world. To be included in the AGRI index, stocks must pass multiple screens, including for capitalization, float, exchange listing, share price and turnover.
The Index Committee today announced a change in index methodology relating to “Special Dividends” as follows: Any ‘explicitly labeled’ Special Dividend or any dividend larger than 10% of the equity price is considered a special dividend and requires a price and share adjustment to the company that issued the special dividend. The adjustment will be a market neutral event and will have no effect on the divisor.
Detailed information, including constituent data, rules and price information, on the S-Network ITG Agriculture Index℠ is available at http://www.snetagricultureindex.com. Data is also available through most vendors of financial data.
Index: S-Network ITG Agriculture Index℠ (USD) TICKER: AGRI
Index: S-Network ITG Agriculture Index℠ (EUR) TICKER: AGRIE
S-Network Global Indexes, LLC
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