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Definition: Dow Jones Titans 50 Index
Dow Jones Titans 50 Index is the index of top 50 multinational companies all over the world in terms of market capitalization and net income. Stocks of these companies are traded on different stock exchanges in different countries all over the world like New York Stock Exchange, London Stock Exchange, Tokyo Stock Exchange, NASDAQ, London Stock Exchange.
This index is to represent multinational companies whose blue-chip stocks are traded on the major exchanges of countries covered by the Dow Jones Global Indices (DJGI) benchmark family. The Dow Jones Global Titans 50 Index was first calculated on July 14, 1999.
Total market capitalization of the index was USD 6782.7 billion as of March 31, 2006 and a total return was 15.23 percent over the last three years.
Companies are ranked on the basis of their free float market cap, sales/revenue and net income. Then top 50 companies are selected for calculating Dow Jones Titans 50 Index. These 50 companies are given weightages. The index is calculated annually and weightages are recalculated quarterly.