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RWO aims to provide investment results that, before fees and expenses, correspond generally to the price and yield return performance of the Dow Jones Wilshire Global Real Estate Securities Index.
Dow Jones Indexes, Wilshire Associates and Wells Real Estate Funds announced the launch of Wells' newest mutual fund, the first licensed to track the Dow Jones Wilshire Global Real Estate Securities Index.
Best known for the Dow Jones Industrial Average, Dow Jones Indexes also is co-owner of the Dow Jones STOXX indexes, the world's leading pan- European indexes, and together with Wilshire Associates, provides the Dow Jones Wilshire Global Index family, which is anchored by the Dow Jones Wilshire 5000 and covers more than 12,000 securities in 59 markets.
The forum is being sponsored by Dow Jones Indexes as part of the recent launch of the Dow Jones Wilshire Global Index Family.
Additionally, the company continues as a member of the Dow Jones Wilshire Global Total Market Index(SM) and the Dow Jones Wilshire Global Large-Cap Index(SM).
The first of these, the Dow Jones Wilshire Global Composite Index, is scheduled for launch in the fourth quarter of 2004.
By shareholder approval, sub-adviser to the fund will be The Tuckerman Group, LLC, which also is sub-adviser to its counterpart, the Wells Dow Jones Wilshire Global RESI Index Fund.
The Dow Jones Wilshire Global Real Estate Indexes provide measures of the real estate markets that can be used as proxies for direct real estate investing.