STOXX today announced that it will add Iceland, Bulgaria and Romania to its pan-European Dow Jones STOXX Index series, effective Jan. 1.
Iceland will be added to the Dow Jones STOXX Total Market Index and its subindexes, while Bulgaria and Romania will be added to the Dow Jones STOXX EU Enlarged Total Market Index. Bulgaria and Romania will be admitted to the European Union next month, according to a news release. The Dow Jones STOXX Total Market Index will contain 18 countries with the addition of Iceland, while Bulgaria and Romania will bring the number of countries in the Dow Jones EU Enlarged Total Market Index to 12.
"The addition of Iceland, Bulgaria and Romania to the Dow Jones STOXX index universe is a reflection of the current market situation and is thus a logical move to better respond to the needs of retail and professional investors worldwide," Lars Hamich, managing director of STOXX, said in the release.
