navigation search s & p dow jones indices llc trading name s & p dow jones indices type joint venture of mcgraw hill financial cme group inc. and dow jones & company which is a subsidiary of news corp founded 15 wall street new york 1882 founder charles dow edward jones charles bergstresser headquarters 55 water street new york ny parent mcgraw hill financial with cme group and news corp as minority partners website www.spindices.com s & p dow jones indices da d o nz is a joint venture between mcgraw hill financial the cme group and news corp that was announced in 2011 and later launched in 2012 . it produces maintains licenses and markets stock market indices as benchmarks and as the basis of investable products such as exchange traded funds etfs mutual funds and structured products . the company currently has employees in 15 cities worldwide including new york ny london frankfurt singapore hong kong beijing and dubai . the company s best known indices are the s & p 500 and the dow jones industrial average djia which was created in 1896 . the company also manages the oldest index in use the dow jones transportation index created in 1882 by charles dow the founder of the wall street journal . contents 1 indices defined 2 indices by s & p dow jones 3 recent history 3.1 recent notable developments at dji 4 research information 5 see also 6 references 7 external links indices defined edit a market index plural indices follows a certain market and gives investors a single number to summarize its ups and downs . it enables the world s institutional and retail investors to track a market or market sector without having to aggregate the underlying components . it is a convenient way for someone interested in a broad narrow or extremely narrow group of securities to track them . pension funds and other money managers often use indexes as benchmarks . this means that active investors those who pick various securities to buy and hold for their returns track their own returns against a benchmark index an index that typifies its market to see if they are out or under performing that market . investors who do not want to do this those who buy into indexes or securities that use indexes as their basis are called passive investors . they are known to link their portfolios to the broad market and do not try to outguess conventional market wisdom . passive investors argue that almost no active investors can beat the overall markets in the long term . this choice is described by a theory in investing called the efficient market hypothesis . indices by s & p dow jones edit the dji has over 130 000 indexes although many are used by only relatively few people . most are principally equity stock indexes but also contain fixed income futures options private equity commodity currency bond and other alternative asset class metrics . dow jones indexes says that all its products are maintained according to clear unbiased and systematic methodologies that are fully integrated within index families . dji and sustainable asset management sam launched the dow jones sustainability indices in 1999 . these indexes track performance of sustainability driven companies around the world . there are currently 70 djsi licensees held by asset managers in 16 countries to manage a variety of financial products including active and passive funds certificates and segregated accounts . dji partnered with aig to create the dow jones aig commodity index . it tracks trades on futures contracts for physical commodities like energy petroleum gas precious metals gold silver industrial metals zinc copper grains corn wheat livestock lean hogs live cattle among others . ubs securities llc has acquired aig financial product corp. s commodity business as of may 6 2009 . as such the dow jones aig commodity indexes have been re branded as the dow jones ubs commodity indexes effective may 7 2009 . the dow jones select dividend indexes reflects the performance of leading dividend yielding stocks . it includes global and regional indexes . it was dji s first fundamentals driven index . dji is one of the major data partners of rimes a cloud based financial markets data provider . dow jones indexes also does specialty indexes for specific markets or interests . it has the dow jones u.s. economic stimulus index the olympic inspired dow jones summer winter games the race car centric dow jones formula 1 index and the closely followed dow jones luxury index among others . companies can also request that specific indexes be created to suit their clients interest or for publicity purposes . this is popular with smaller asset management and public relations firms . recent history edit dji launches an average of one index or index family per week . it often creates an index for a specific event i.e. dow jones 2008 summer games index launched december 2007 a specific market dow jones luxury index launched june 2008 or a very small market dow jones cyprus titans 10 index . in some instances it cooperates with other entities to create a custom index barron s 400 index launched september 2007 . dow jones industrial average historical data along with several other major indexes recently became available on a new website www.djaverages.com . the company also has a widely read quarterly newsletter called insights that covers the industry . the current issue as well as back issues are available at http www.djindexes.com insights . recent notable developments at dji edit march 2008 chicago climate exchange inc. ccx the world s first and north america s only voluntary legally binding integrated greenhouse gas emissions reduction registry and trading system announced that dow jones indexes and sustainable asset management had granted ccx a license for the dow jones sustainability world djsi world and dow jones sustainability north america indexes djsi north america . the contracts are listed on ccx s wholly owned subsidiary chicago climate futures exchange ccfe the world s leading environmental derivatives exchange . they trade emissions credits and dji makes the indexes that are based on them . july 2008 dji partnered with brookfield asset management bam to develop the dow jones brookfield infrastructure indexes . this index series was designed to serve as benchmarks of companies that own and operate key infrastructure assets like toll roads pipelines and ports . july 2007 the iowa peace officers retirement system has adopted the dow jones wilshire index family now called the dow jones total stock market indexes ; see below . these indexes are popular benchmarks for pension funds looking to minimize risk and market exposure . they used the dow jones wilshire 5000sm now called the dow jones u.s. total stock market index to benchmark its equity investment portfolio . august 2008 news corp. chairman rupert murdoch announced a new worldwide benchmark index the global dow . it will comprise 150 stocks around the world that will include large companies in established markets but also rising stars in emerging markets as well as companies specializing in new technologies . murdoch made the announcement in mumbai india emphasizing its global outlook . april 2009 dow jones rolled out the dow jones total stock market tsm indexes . they were designed to provide comprehensive coverage of the u.s. equity market . its flagship index was intended to be the dow jones u.s. total stock market index an all inclusive measure composed of all u.s. equity securities with readily available prices . it is sliced according to stock size segment style and sector to create distinct sub indexes that track every major segment of the market . dji claims that the indexes were created and maintained according to an objective and transparent methodology with the fundamental aim of providing reliable accurate measures of u.s. equity performance . 1 june 1 2009 dji changed the components of the famous benchmark dow jones industrial average . it cut citigroup and gm both of which were trading at or under 1 per share and both of which after receiving federal bailout money were practically government wards . they were replaced by insurance giant travelers and it pioneer cisco systems . june 2009 later that month dow jones indexes announced a joint marketing agreement with lva indices chile 2 and proveedor integral de precios pip to create a new series of corporate and government fixed income indexes called dow jones latixx indexes 1 . it started with dozens of mexican and chilean bonds with plans to move into costa rica peru argentina brazil colombia and venezuela . in february 2010 it added 22 new bonds from chile and mexico . in october 2010 it launched peruvian bond indexes and on june 8 2011 it added four costa rican bond indexes . fall 2009 dow jones indexes was named most innovative etf index provider 2009 for the americas by exchangetradedfunds.com october 2009 the dow jones gcc titans 50 real return index became the basis for the first exchange traded fund etf in the united arab emirates uae . the licensee is national bank of abu dhabi nbad . the index measures the performance of 50 leading component stocks traded in the six gulf cooperation council gcc member states bahrain kuwait oman qatar saudi arabia and united arab emirates . 3 that same month dji launched djim greater china index . it has been licensed to etfs in malaysia and other countries . november 2009 charles schwab licensed five dow jones total stock market tsm size and style indexes for exchange traded funds . it is chuck s first proprietary line of etfs . in that same month the dow jones industrial average was licensed by simplex asset management in japan to underlie an etf . this is the first time the djia was licensed to a japanese etf . it launched in december 2009 . january 2010 dji announced that the dow jones corporate bond index would serve as the basis of the first fixed income exchange traded note etn available in israel . this was the first time the index has been licensed as the basis for an exchange traded product globally . the etn is sponsored by harel sal a subsidiary of harel finance and is available on the tel aviv stock exchange tase . in addition to the dow jones corporate bond index dow jones indexes licensed the dow jones brazil titans 20 index as the basis for an israeli etn that was listed at the tase . february 10 2010 dow jones and cme group announced an agreement to form a joint venture to operate a global financial index services business . the definitive agreement is set to provide for cme group to own 90 % of the venture to which dow jones will contribute its dow jones indexes business valued at 675 million . dow jones is expected to hold the remaining 10 % and retain a key role in the management of the dow jones industrial average . cme group will contribute a business which provides certain market data services said to be valued at 607.5 million to the joint venture . the new joint venture will also raise approximately 613 million in third party debt which will be used to pay a 607.5 million distribution to dow jones . the deal was expected to close in the 1st quarter 2010 since it passed regulatory clearance . 4 march 4 2010 dow jones indexes signed a memorandum with the global fund to fight aids tuberculosis and malaria to explore the creation of a family of indexes that could be licensed as the basis for investment products . the first is expected to be called the dow jones global fund 50 index which would most likely focus on blue chip stocks . both the global fund and dow jones indexes hoped to benefit from