Press Releases
NEW YORK, June 12, 2017 /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 effective prior to the open of trading on Monday, June 19:
- S&P MidCap 400 constituent Everest Re Group Ltd (NYSE: RE) will replace Mead Johnson Nutrition Co. (NYSE: MJN) in the S&P 500, S&P SmallCap 600 constituent Pinnacle Financial Partners Inc. (NASD: PNFP) will replace Everest Re Group in the S&P MidCap 400, and Armada Hoffler Properties Inc. (NYSE: AHH) will replace Pinnacle Financial Partners in the S&P SmallCap 600. Reckitt Benckiser Group plc is acquiring Mead Johnson Nutrition in a deal expected to be completed soon, pending final conditions.
Everest Re Group provides reinsurance and insurance products. Headquartered in Hamilton, Bermuda, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Reinsurance Sub-Industry index.
Pinnacle Financial Partners provides various banking products and services. Headquartered in Nashville, TN, the company will be added to the S&P MidCap 400 GICS Regional Banks Sub-Industry index.
Armada Hoffler Properties, a real estate investment trust (REIT), develops, builds, owns and manages high-quality, institutional-grade office, retail, and multifamily properties. Headquartered in Virginia Beach, VA, the company will be added to the S&P SmallCap 600 GICS Diversified REIT's Sub-Industry index.
Following is a summary of the changes:
|
S&P 500 INDEX – June 19, 2017 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
Everest Re |
Financials |
Reinsurance |
|
DELETED |
Mead Johnson |
Consumer Staples |
Packaged Foods & Meats |
|
S&P MIDCAP 400 INDEX – June 19, 2017 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
Pinnacle |
Financials |
Regional Banks |
|
DELETED |
Everest Re |
Financials |
Reinsurance |
|
S&P SMALLCAP 600 INDEX – June 19, 2017 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
Armada Hoffler |
Real Estate |
Diversified REITs |
|
DELETED |
Pinnacle |
Financials |
Regional Banks |
For more information about S&P Dow Jones Indices, please visit www.spdji.com
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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:
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