Changes Made on S&P Dow Jones Indices
NEW YORK, April 26, 2016 /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:
- S&P MidCap 400 constituent Acuity Brands, Inc. (NYSE: AYI) will replace The ADT Corp. (NYSE: ADT) in the S&P 500, S&P SmallCap 600 constituent ViaSat Inc. (NASD: VSAT) will replace Acuity Brands in the S&P MidCap 400, and Multi-Color Corp. (NASD: LABL) will replace ViaSat in the S&P SmallCap 600 after the close of trading on Monday, May 2. Apollo Global Management, LLC is acquiring The ADT Corp in a deal expected to be completed on or about that date pending final approvals.
- Opus Bank (NASD: OPB) will replace Newport Corp. (NASD: NEWP) in the S&P SmallCap 600 after the close of trading on Friday, April 29. MKS Instruments, Inc. (NASD: MKSI) is acquiring Newport Corp in a deal to be completed on or about that date pending final approvals.
Acuity Brands designs, produces, and distributes various lighting solutions and services for commercial, institutional, industrial, infrastructure, and residential applications. Headquartered in Atlanta, GA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Electrical Components & Equipment Sub-Industry index.
ViaSat provides satellite and wireless networking applications; and secure networking systems, products, and services. Headquartered in Carlsbad, CA, the company will be added to the S&P MidCap 400 GICS Communications Equipment Sub-Industry index.
Multi-Color provides various label solutions. Headquartered in Batavia, OH, the company will be added to the S&P SmallCap 600 GICS Commercial Printing Sub-Industry index.
Opus Bank provides various banking products, services, and solutions for small to mid-sized companies, entrepreneurs, real estate investors, professionals, and high net worth individuals. Headquartered in Irvine, CA, the company will be added to the S&P SmallCap 600 GICS Regional Banks Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX - April 29, 2016 |
| COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY |
ADDED | Opus Bank | Financials | Regional Banks |
DELETED | Newport | Information Technology | Electronic Equipment & Instruments |
S&P 500 INDEX - May 2, 2016 |
| COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY |
ADDED | Acuity Brands | Industrials | Electrical Components & Equipment |
DELETED | ADT Corp | Industrials | Security & Alarm Service |
S&P MIDCAP 400 INDEX - May 2, 2016 |
| COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY |
ADDED | ViaSat | Information Technology | Communications Equipment |
DELETED | Acuity Brands | Industrials | Electrical Components & Equipment |
S&P SMALLCAP 600 INDEX - May 2, 2016 |
| COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY |
ADDED | Multi-Color | Industrials | Commercial Printing |
DELETED | ViaSat | Information Technology | Communications Equipment |
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.
For more information about S&P Dow Jones Indices, please visit www.spdji.com
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 1,000,000 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.
S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“S&P”), 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.
S&P DJI MEDIA CONTACTS:
David Blitzer
Managing Director and Chairman of Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spdji.com
Soogyung Jordan
Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spdji.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/acuity-brands-set-to-join-the-sp-500-viasat-to-join-sp-midcap-400-multi-color-and-opus-bank-to-join-sp-smallcap-600-300257998.html
SOURCE S&P Dow Jones Indices
News Provided by Acquire Media