Dow Jones licenses Contrarian index to Javelin ETF

The index is designed to measure a contrarian investment strategy by focusing on companies with strong recent fundamentals, but with a lagging three-year trailing return. The component stock universe for the benchmark is the Dow Jones US Broad Stock Market index, which measures the performance of the largest 2,500 US stocks by float-adjusted market capitalization. These stocks are ranked in descending order by market capitalization, with the lowest five percent of stocks removed. These selected companies are then ranked by 10 qualitative financial criteria, including long-term expe...