Press Releases
NEW YORK, May 24, 2016 /PRNewswire/ -- S&P MidCap 400 constituent Arthur J. Gallagher & Co. (NYSE: AJG) will replace Coca-Cola Enterprises, Inc. (NYSE: CCE) in the S&P 500, S&P SmallCap 600 constituent Education Realty Trust Inc. (NYSE: EDR) will replace Arthur J. Gallagher in the S&P MidCap 400, and American Axle & Manufacturing Holdings Inc. (NYSE: AXL) will replace Education Realty Trust in the S&P SmallCap 600 after the close of trading on Friday, May 27. Coca Cola Enterprises is merging with Coca-Cola Iberian Partners SA and Coca-Cola Erfrischungsgetränke AG to form a new company called Coca-Cola European Partners Plc in a deal expected to be completed on or about that date pending final conditions. Coca-Cola European Partners will be considered to be domiciled in Spain for index purposes and will be ineligible for continued inclusion in the S&P 500.
Arthur J. Gallagher & Co provides insurance brokerage and risk management services. Headquartered in Itasca, IL, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Insurance Brokers Sub-Industry index.
Education Realty Trust, a real estate investment trust (REIT), develops, acquires, owns, and manages collegiate housing communities located near university campuses. Headquartered in Memphis, TN, the company will be added to the S&P MidCap 400 GICS Residential REITs Sub-Industry index.
American Axle & Manufacturing Holdings designs, engineers, validates, and manufactures driveline and drivetrain systems, and related components and chassis modules for the automotive industry. Headquartered in Detroit, MI, the Company will be added to the S&P SmallCap 600 GICS Auto Parts & Equipment Sub-Industry index.
Following is a summary of the changes:
|
S&P 500 INDEX – MAY 27, 2016 |
|||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
|
ADDED |
Arthur J Gallagher & Co. |
Financials |
Insurance Brokers |
|
DELETED |
Coca-Cola Enterprises |
Consumer Staples |
Soft Drinks |
|
S&P MIDCAP 400 INDEX – MAY 27, 2016 |
|||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
|
ADDED |
Education Realty Trust |
Financials |
Residential REITs |
|
DELETED |
Arthur J Gallagher & Co. |
Financials |
Insurance Brokers |
|
S&P SMALLCAP 600 INDEX – MAY 27, 2016 |
|||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
|
ADDED |
American Axle & Manufacturing Holdings |
Consumer Discretionary |
Auto Parts & Equipment |
|
DELETED |
Education Realty Trust |
Financials |
Residental REITs |
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 is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than based on any other provider in the world. With over 1,000,000 indices and more than 120 years of experience constructing innovative and transparent solutions, S&P Dow Jones Indices defines the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.
FOR MORE INFORMATION:
David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spdji.com
Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spdji.com
SOURCE S&P Dow Jones Indices
