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Wednesday, July 14, 1999 Nuveen Will Use New DJ Global Titans Index Dow Jones Indexes has launched the Dow Jones Global Titans Index, a 50-stock benchmark of the world's largest multinational companies. The companies involved are becoming increasingly global, with an average 40% of revenues coming from outside their "home" markets.
"Global Titans are companies that will dominate the world's economy well into the 21st century," said Michael A. Petronella, managing director of Dow Jones Indexes. "With no national borders to define their territories, they defy traditional asset categories. Investment professionals now have a way to measure and track them." The new indexes' components read like a "Who's Who" of multinationals, including British Petroleum, Citigroup, Coca-Cola, DaimlerChrysler, Exxon, General Electric, Toyota, Microsoft, Merck, Siemens, Unilever and Novartis. The index will be published daily in The Wall Street Journal. (see list below) Dow Jones Global Titans Index Components (by market cap)
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