Dow Jones & Co. and the New York Stock Exchange have agreed to work together to assemble new indexes which will be used to develop exchange-traded funds, according to a report appearing in the Wall Street Journal.

The first indexes are expected to be launched sometime in the first quarter of 2002 and all of the indexes will be based on NYSE stock sectors, according to the story.

Dow Jones Indexes will run and manage the indexes according to a methodology developed by the NYSE in collaboration with Dow Jones. NYSE will use the Dow Jones Global Industry Classification Standard to categorize the companies it lists in the new indexes, the story said.

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