SANTA MONICA, CA - If General Motors Company completes its initial public offering on or before Friday, November 19, 2010, it will be added to the Wilshire 5000 Total Market IndexSM effective after the United States markets close on that date, according to Wilshire Associates Incorporated, a global independent investment consulting and services firm. The inclusion will be in conjunction with the regular monthly additions and deletions of the Wilshire 5000SM.
"Since its 1974 inception, the Wilshire 5000 Total Market Index has been designed to be a pure and completeSMrepresentation of the total U.S. equity market," noted David Hall, senior managing director, Wilshire Associates and head of Wilshire Equity Analytics. "A rules-based index, the Wilshire 5000 does not need to make special accommodations for early entry of large IPOs. Stock additions have always been made monthly for U.S. companies with readily available price data. The General Motors IPO will be no exception, and thus will be included with the November 19, 2010 monthly additions should the IPO be completed by that date," he added.
The Wilshire 5000, the original pure and complete measure of the U.S. stock market, was developed in 1974 by Dennis A. Tito, chairman and chief executive officer of Wilshire Associates Incorporated. The Wilshire 5000 is widely considered the best way to track the U.S. equities market and estimate market value changes. The Wilshire 5000 Total Market exchange-traded fund (NYSE Arca: WFVK) is the only ETF based upon the Wilshire 5000.
Wilshire Associates, a leading global, independent investment consulting and services firm, provides consulting services, analytics solutions and customized investment products to plan sponsors, investment managers and financial intermediaries. Its business units include, Wilshire Analytics, Wilshire Consulting, Wilshire Funds Management and Wilshire Private Markets.
The firm was founded in 1972, revolutionizing the industry by pioneering the application of investment analytics and research to investment management for the institutional marketplace. Wilshire also is credited with helping to develop the field of quantitative investment analysis that uses mathematical tools to analyze market risks. All other business units evolved from Wilshire's strong analytics foundation. Wilshire developed the Wilshire 5000 Total Market IndexSM, the first asset/liability models for pension funds, the first U.S. equity style metrics work and many other "firsts" as the firm grew to approximately 350 employees serving the investment needs of institutional and high net worth clients around the world.
Based in Santa Monica, California, Wilshire provides services to clients in more than 20 countries representing approximately 600 organizations. With ten offices on four continents, Wilshire Associates and its affiliates are dedicated to providing clients with the highest quality counsel, products and services. Wilshire is a registered service mark of Wilshire Associates Incorporated. Please visit www.wilshire.com for more information.