The WNA Index is a very stable index, comprising mainly large capitalization stocks. Accordingly, future index turnover is expected to be minimal.
New York, NY (PRWEB) March 18, 2008
The WNA Nuclear Energy Index (TICKER: WNAI) will delete two components, effective 6:00 PM (EST) Sunday, March 23. The deletion of Indian construction firm, Larsen and Toubro Ltd., was caused by restrictions on investment in the firm's GDRs applicable to US citizens. The deletion of KSB AG resulted from its inability to meet certain eligibility hurdles related to liquidity.
The two deleted stocks accounted for 2% of the index, and will have little material impact on the overall composition of the index. Said Joseph LaCorte, head of the S-Network Global Gaming Index Committee, "The WNA Index is a very stable index, comprising mainly large capitalization stocks. Accordingly, future index turnover is expected to be minimal." The geographic and sector breakdowns of the index remain materially unchanged. A complete list of constituents and weights for the reconstituted index will be posted on the WNA Nuclear Energy Index web site on Monday, March 24. (http://wna.snetglobalindexes.com/about_the_indexes.php)
The WNA Nuclear Energy Index applies a hybrid weighting methodology to 64 companies worldwide that are materially engaged in the global nuclear energy industry. To be included in the WNAI 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 WNA Nuclear Energy Index is available at http://www.wnanuclearindex.com. Data is also available through most vendors of financial data.
Index / Ticker:
WNA Nuclear Energy Index (USD) / WNAI
WNA Nuclear Energy Index (EUR) / WNAIE
WNA Global Indexes, LLC
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