NEW YORK, Nov. 22, 2013 /PRNewswire/ -- S&P Dow
Jones Indices will make the following changes to the S&P 500,
S&P MidCap 400 and S&P SmallCap 600 indices:
- Allegion plc (NYSE: ALLEwi) will replace J. C. Penney Company
Inc. (NYSE: JCP) in the S&P 500, J. C.
Penney will replace Aeropostale Inc. (NYSE: ARO) in the
S&P MidCap 400, and Aeropostale will replace Corinthian
Colleges Inc. (NASD: COCO) in the S&P SmallCap 600 after the
close of trading on Friday, November
29. S&P 500 constituent Ingersoll-Rand plc (NYSE: IR) is
spinning off Allegion to shareholders in a transaction expected to
be effective after the close of trading on that date.
Ingersoll-Rand will remain in the S&P 500 after the spin-off.
J. C. Penney's and Aeropostale's
market capitalizations are now more representative of the mid cap
market and small cap market spaces respectively. Corinthian
Colleges' low stock price and market capitalization make it no
longer suitable for the S&P SmallCap 600.
- Anika Therapeutics Inc. (NASD: ANIK) will replace Symmetricom
Inc. (NASD: SYMM) in the S&P SmallCap 600 after the close of
trading on Tuesday, November 26.
S&P SmallCap 600 constituent Microsemi Corp. (NASD: MSCC) is
acquiring Symmetricom in a deal expected to be completed soon
pending final approvals.
Allegion is a provider of mechanical and electronic security
products. Headquartered in Dublin,
Ireland, the company will be added to the S&P 500 GICS
(Global Industry Classification Standard) Building Products
Sub-Industry index.
J. C. Penney is an apparel and
home furnishing retailer. Headquartered in Plano, TX, the company will be added to the
S&P MidCap 400 GICS Department Stores Sub-Industry index.
Aeropostale is a specialty retailer of casual apparel and
accessories. Headquartered in New York,
NY, the company will be added to the S&P SmallCap 600
GICS Apparel Retail Sub-Industry index.
Anika Therapeutics develops, manufactures, and commercializes
therapeutic products for tissue protection, healing, and repair.
Headquartered in Bedford, MA, the
company will be added to the S&P SmallCap 600 GICS Health Care
Supplies Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP
600 INDEX – November 26, 2013
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Anika
Therapeutics
|
Health
Care
|
Health Care
Supplies
|
DELETED
|
Symmetricom
|
Information
Technology
|
Communications
Equipment
|
|
|
S&P 500 INDEX
– November 29, 2013
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Allegion
|
Industrials
|
Building
Products
|
DELETED
|
J.C.
Penney
|
Consumer
Discretionary
|
Department
Stores
|
|
|
S&P 400 INDEX
– November 29, 2013
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
J.C.
Penney
|
Consumer
Discretionary
|
Department
Stores
|
DELETED
|
Aeropostale
|
Consumer
Discretionary
|
Apparel
Retail
|
|
|
|
|
|
|
|
|
S&P SMALLCAP
600 INDEX – November 29, 2013
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Aeropostale
|
Consumer
Discretionary
|
Apparel
Retail
|
DELETED
|
Corinthian
Colleges
|
Consumer
Discretionary
|
Education
Services
|
|
|
|
|
Additions to and deletions from S&P Dow Jones Indices
do not in any way reflect an opinion on the investment merits of
the companies involved.
About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial,
is the world's largest, global resource for index-based concepts,
data and research. Home to iconic financial market indicators, such
as the S&P 500® and the Dow Jones Industrial
Average™, S&P Dow Jones Indices LLC has over 115
years of experience constructing innovative and transparent
solutions that fulfill the needs of investors. More assets are
invested in products based upon our indices than any other provider
in the world. With over 830,000 indices covering a wide range of
asset classes across the globe, S&P Dow Jones Indices LLC
defines the way investors measure and trade the markets. To learn
more about our company, please visit www.spdji.com.
Standard & Poor's and S&P are registered trademarks
of Standard & Poor's Financial Services LLC, a part of
McGraw Hill Financial. Dow Jones
is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow
Jones"). These trademarks have been licensed to S&P Dow
Jones Indices LLC. It is not possible to invest directly in an
index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their
respective affiliates (collectively "S&P Dow Jones Indices") do
not sponsor, endorse, sell, or promote any investment fund or other
investment vehicle that is offered by third parties and that seeks
to provide an investment return based on the performance of any
index. This document does not constitute an offer of services in
jurisdictions where S&P Dow Jones Indices does not have the
necessary licenses. S&P Dow Jones Indices receives compensation
in connection with licensing its indices to third parties.
For more information:
Dave Guarino
Communications
S&P Dow Jones Indices
dave.guarino@spdji.com
(212) 438-1471
David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
david.blitzer@spdji.com
(212) 438-3907
SOURCE S&P Dow Jones Indices