Keeping up with the Indexes

Bank of America (BAC) and Chevron (CVX) are being added to the DJIA, replacing Altria (MO) and Honeywell (HON). A Dow Jones official on CNBC said that Altria spurred the change due to its plan to spin off its Phillip Morris brand. He said this is the first change to the average since 2004.

One of the primary reasons that it's so difficult for mutual fund managers or anyone whose benchmark is the Dow Jones Industrial Average to match or outperform it is that it's always changing.