Press Releases
NEW YORK, March 24, 2017 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices effective prior to the open of trading on Wednesday, March 29:
- S&P SmallCap 600 constituent Texas Capital Bancshares Inc. (NASD: TCBI) will replace Endurance Specialty Holdings Ltd. (NYSE:ENH) in the S&P MidCap 400, and DSW Inc. (NYSE:DSW) will replace Texas Capital Bancshares in the S&P SmallCap 600. SOMPO Holdings Inc. is acquiring Endurance Specialty Holdings in a deal expected to be completed soon pending final conditions.
- S&P MidCap 400 constituent WisdomTree Investments Inc. (NASD: WETF) will replace Surgical Care Affiliates Inc. (NASD:SCAI) in the S&P SmallCap 600, and The Michaels Companies Inc. (NASD:MIK) will replace WisdomTree Investments in the S&P MidCap 400. S&P 100 & 500 constituent UnitedHealth Group Inc. (NYSE:UNH) acquired Surgical Care Affiliates in a deal completed today.
Texas Capital Bancshares provides various banking products and services. Headquartered in Dallas, TX, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Regional Banks Sub-Industry index.
DSW operates as a branded footwear and accessories retailer. Headquartered in Columbus, OH, the company will be added to the S&P SmallCap 600 GICS Apparel Retail Sub-Industry index.
WisdomTree Investments operates as an exchange-traded funds sponsor and asset manager. Headquartered in New York, NY, the company will be added to the S&P SmallCap 600 GICS Asset Management & Custody Banks Sub-Industry index.
The Michaels Companies owns and operates arts and crafts specialty retail stores. Headquartered in Irving, TX, the company will be added to the S&P MidCap 400 GICS Specialty Stores Sub-Industry index.
Following is a summary of the changes:
|
S&P MIDCAP 400 INDEX – March 29, 2017 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
Texas Capital |
Financials |
Regional Banks |
|
The Michaels |
Consumer Discretionary |
Specialty Stores | |
|
DELETED |
Endurance |
Consumer Discretionary |
Consumer Electronics |
|
WisdomTree |
Financials |
Asset Management & | |
|
S&P SMALLCAP 600 INDEX – MARCH 29, 2017 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
DSW |
Consumer Discretionary |
Apparel Retail |
|
WisdomTree |
Financials |
Asset Management & | |
|
DELETED |
Texas Capital |
Financials |
Regional Banks |
|
Surgical Care |
Health Care |
Health Care Facilities | |
For more information about S&P Dow Jones Indices, please visit www.spdji.com.
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FOR MORE INFORMATION:
Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spdji.com
David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com
SOURCE S&P Dow Jones Indices