Difference between revisions of "Wilshire 5000 Index"

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The [[Dow Jones]] Wilshire 5000 Broad Market Index (DWCFT) aims to represent the entire U.S. market of [[equities]] that are readily priced. It contains more than 5,000 stocks and so is the most comprehensive [[stock index]] intended as a [[benchmark]] for the entire U.S. market.


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==Background==
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The Wilshire 5000, known offically as the Dow Jones Wilshire 5000 Composite Total Return Index, was created in 1974 by Wilshire Associates (now part of [[Dow Jones & Co.]]) and consisted then of just under 5,000 equities. It has since been used to create a family of sub-indexes that measure the performance of large-cap, medium-cap, small-cap and micro-cap stocks.<ref>{{cite web|url=http://www.djindexes.com/wilshire/index.cfm?go=key-benefits
    <ref>{{cite web|url=|name=|org=|date=}}</ref>
|name=Dow Jones Wilshire Broad Market Indexes|org=Wilshire Associates|date=May 7, 2008}}</ref> The Wilshire competes as a comprehensive U.S. market index with the [[Russell 3000 Index]] and the [[MSCI Broad Market Index]].
    url=web url; name=title of page/article; org=Name of organization who owns page; date=today's date-->
 
 
With 6,700 stocks currently the Wilshire 5000 is the broadest-based U.S. market index, although its top 10 components comprise more than 17% of its total value.<ref>{{cite web|url=http://www.streetauthority.com/terms/index/wilshire5000.asp
|name=Wilshire 5000 Index|org=StreetAuthority.com|date=May 7, 2008}}</ref> As of December 31, 2007 the technology sector contributed 29% of the index's value, followed by 25% consumer non-durables and 14% finance.<ref>{{cite web|url=http://www.businessweek.com/2000/00_13/b3674182.htm
|name=How's the Market Doing? Ask the Wilshire|org=Business Week|date=May 7, 2008}}</ref>
 
 
==Trading the Index==  
 
Asset manager [[State Street]] manages an exchange-traded fund - SPDR DJ Wilshire Total Market ETF (TMW) - that trades on the [[American Stock Exchange]] (AMEX).<ref>{{cite web|url=https://www.ssgafunds.com/etf/fund/etf_detail_TMW.jsp|name=SPDR DJ Wilshire Total Market ETF|org=State Street Corp.|date=May 7, 2008}}</ref> The fund aims to track the weighting and returns of the Wilshire 5000 Index.
 
As of May 2008 the TMW's net assets totaled over $138 billion at a price of $102. The fund's largest holding was ExxonMobil with 3.28% followed by General Electric with 2.13% and Microsoft at 1.69%.


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== References ==
== References ==
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Revision as of 18:32, 7 May 2008

The Dow Jones Wilshire 5000 Broad Market Index (DWCFT) aims to represent the entire U.S. market of equities that are readily priced. It contains more than 5,000 stocks and so is the most comprehensive stock index intended as a benchmark for the entire U.S. market.


Background[edit]

The Wilshire 5000, known offically as the Dow Jones Wilshire 5000 Composite Total Return Index, was created in 1974 by Wilshire Associates (now part of Dow Jones & Co.) and consisted then of just under 5,000 equities. It has since been used to create a family of sub-indexes that measure the performance of large-cap, medium-cap, small-cap and micro-cap stocks.[1] The Wilshire competes as a comprehensive U.S. market index with the Russell 3000 Index and the MSCI Broad Market Index.


With 6,700 stocks currently the Wilshire 5000 is the broadest-based U.S. market index, although its top 10 components comprise more than 17% of its total value.[2] As of December 31, 2007 the technology sector contributed 29% of the index's value, followed by 25% consumer non-durables and 14% finance.[3]


Trading the Index[edit]

Asset manager State Street manages an exchange-traded fund - SPDR DJ Wilshire Total Market ETF (TMW) - that trades on the American Stock Exchange (AMEX).[4] The fund aims to track the weighting and returns of the Wilshire 5000 Index.

As of May 2008 the TMW's net assets totaled over $138 billion at a price of $102. The fund's largest holding was ExxonMobil with 3.28% followed by General Electric with 2.13% and Microsoft at 1.69%.


References[edit]