Press Releases
NEW YORK, Oct. 4, 2018 /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:
- S&P MidCap 400 constituent Fortinet Inc. (NASD: FTNT) will replace Envision Healthcare Corp. (NYSE: EVHC) in the S&P 500, S&P SmallCap 600 constituent ASGN Inc. (NYSE: ASGN) will replace Fortinet in the S&P MidCap 400, and Veritex Holdings Inc. (NASD: VBTX) will replace ASGN in the S&P SmallCap 600 prior to the open of trading on Thursday, October 11. KKR & Co. Inc. (NYSE: KKR) is acquiring Envision Healthcare in a deal expected to close on or about that date pending final conditions.
- S&P SmallCap 600 constituent Penn National Gaming Inc. (NASD: PENN) will replace Convergys Corp. (NYSE: CVG) in the S&P MidCap 400, and The Chefs' Warehouse Inc. (NASD: CHEF) will replace Penn National Gaming in the S&P SmallCap 600 effective prior to the open of trading on Wednesday, October 10. S&P MidCap 400 constituent SYNNEX Corp. (NYSE: SNX) is acquiring Convergys in a deal expected to close on October 5.
Fortinet provides broad, automated, and integrated cybersecurity solutions. Headquartered in Sunnyvale, CA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Systems Software Sub-Industry index.
ASGN provides information technology and professional services in the technology, creative/digital, engineering, and life sciences fields. Headquartered in Calabasas, CA, the company will be added to the S&P MidCap 400 GICS Human Resource & Employment Services Sub-Industry index.
Veritex Holdings provides various commercial banking products and services. Headquartered in Dallas, TX, the company will be added to the S&P SmallCap 600 GICS Regional Banks Sub-Industry index.
Penn National Gaming owns and manages gaming and racing facilities, and operates video gaming terminals with a focus on slot machine entertainment. Headquartered in Wyomissing, PA, the company will be added to the S&P MidCap 400 GICS Casinos & Gaming Sub-Industry index.
The Chefs' Warehouse distributes specialty food products. Headquartered in Ridgefield, CT, the company will be added to the S&P SmallCap 600 GICS Food Distributors Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX – OCTOBER 10, 2018 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | Penn National Gaming | Consumer Discretionary | Casinos & Gaming |
DELETED | Convergys | Information Technology | Data Processing & Outsourced Services |
S&P SMALLCAP 600 INDEX – OCTOBER 10, 2018 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | The Chefs' Warehouse | Consumer Staples | Food Distributors |
DELETED | Penn National Gaming | Consumer Discretionary | Casinos & Gaming |
S&P 500 INDEX – OCTOBER 11, 2018 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | Fortinet | Information Technology | Systems Software |
DELETED | Envision Healthcare | Health Care | Health Care Services |
S&P MIDCAP 400 INDEX – OCTOBER 11, 2018 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | ASGN | Industrials | Human Resource & Employment Services |
DELETED | Fortinet | Information Technology | Systems Software |
S&P SMALLCAP 600 INDEX – OCTOBER 11, 2018 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | Veritex Holdings | Financials | Regional Banks |
DELETED | ASGN | Industrials | Human Resource & Employment Services |
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 products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.
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FOR MORE INFORMATION:
David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com
S&P Dow Jones Indices
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