Press Releases
NEW YORK, Oct. 24, 2019 /PRNewswire/ -- S&P SmallCap 600 constituent FTI Consulting Inc. (NYSE: FCN) will replace Medidata Solutions Inc. (NASD: MDSO) in the S&P MidCap 400, and KKR Real Estate Finance Trust Inc. (NYSE: KREF) will replace FTI Consulting in the S&P SmallCap 600 effective prior to the open of trading on Wednesday, October 30. Dassault Systemes SA is acquiring Medidata Solutions in a transaction expected to be completed on or about that date pending final conditions.
FTI Consulting provides business advisory services. Headquartered in Washington, D.C., the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Research & Consulting Services Sub-Industry index.
KKR Real Estate Finance Trust, a real estate finance company, focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. Headquartered in New York, NY, the company will be added to the S&P SmallCap 600 GICS Mortgage REITs Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX – October 30, 2019 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | FTI Consulting | Industrials | Research & Consulting |
DELETED | Medidata | Health Care | Health Care Technology |
S&P SMALLCAP 600 INDEX – October 30, 2019 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | KKR Real Estate | Financials | Mortgage REITs |
DELETED | FTI Consulting | Industrials | Research & Consulting |
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