Dow Jones Asian Titans 50 Index
Definition of 'Dow Jones Asian Titans 50 Index'
A market capitalization-weighted index of Asia-Pacific stocks designed to capture the blue-chip leaders of the region. The stock universe is the Dow Jones Asia-Pacific Index, from which the 50 largest Japan-based and 50 largest non-Japan based stocks are selected.
The two lists of 50 stocks are given final rankings based 60% on market cap, 20% on current revenues and 20% on current net income levels. The top 25 members are then chosen from each list for the Asian Titans Index, half of which will be made up of Japan-based companies.
Investopedia explains 'Dow Jones Asian Titans 50 Index'
The index is reconstituted annually, with quarterly weighting updates to account for changes in market capitalization in the member stocks.
Japan is often a large component of any Asia-Pacific index due to the maturity of its economy and stock exchange.The country dominates the top ranks of the Asian Titans 50 Index.