NEW YORK, April 24, 2014 /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 after the close
of trading on April 30:
- Navient Corp. (NASD: NAVIV) will replace SLM Corp. (NASD: SLM)
in the S&P 500, and SLM will replace Alpha Natural Resources
Inc. (NYSE: ANR) in the S&P MidCap 400. SLM Corp. is spinning
off Navient to shareholders in a transaction expected to be
completed after the close of trading on April 30. Post spin, it is anticipated that SLM
will have a market capitalization more representative of the
mid-cap market space. Alpha Natural Resources is ranked #400 in the
S&P MidCap 400 and is no longer appropriate for that
index.
- S&P MidCap 400 constituent Under Armour Inc. (NYSE: UA)
will replace Beam Inc. (NYSE: BEAM) in the S&P 500, S&P
SmallCap 600 constituent PolyOne Corp. (NYSE: POL) will replace
Under Armour in the S&P MidCap 400, and Aceto Corp. (NASD:
ACET) will replace PolyOne in the S&P SmallCap 600. Suntory
Holdings is acquiring Beam in a deal expected to be completed on or
about April 30. Under Armour and
PolyOne have market capitalizations more representative of the
large-cap and mid-cap market spaces respectively.
Navient operates a loan management, servicing and asset recovery
business. Headquartered in Newark,
DE, the company will be added to the S&P 500 GICS
(Global Industry Classification Standard) Consumer Finance
Sub-Industry index.
SLM is a financial services company specializing in education.
Headquartered in Newark, DE, the
company will be added to the S&P MidCap 400 GICS Consumer
Finance Sub-Industry index.
Under Armour develops, markets, and distributes branded
performance apparel, footwear, and accessories. Headquartered in
Baltimore, MD, the company will be
added to the S&P 500 GICS Apparel, Accessories & Luxury
Goods Sub-Industry index.
PolyOne provides specialized polymer materials, services, and
solutions. Headquartered in Avon Lake,
OH, the company will be added to the S&P MidCap 400 GICS
Specialty Chemicals Sub-Industry index.
Aceto engages in the marketing, sale and distribution of
products for human health, pharmaceutical ingredients and
performance chemicals. Headquartered in Port Washington, NY, the company will be added
to the S&P SmallCap 600 GICS Trading Companies &
Distributors Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX
– April 30, 2014
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Navient
|
Finance
|
Consumer
Finance
|
|
Under
Armour
|
Consumer
Discretionary
|
Apparel, Accessories
& Luxury Goods
|
DELETED
|
SLM
|
Financials
|
Consumer
Finance
|
|
Beam
|
Consumer
Staples
|
Distillers &
Vintners
|
S&P MIDCAP 400
INDEX – April 30, 2014
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
SLM
|
Financials
|
Consumer
Finance
|
|
PolyOne
|
Materials
|
Specialty
Chemicals
|
DELETED
|
Alpha Natural
Resources
|
Energy
|
Coal & Consumable
Fuels
|
|
Under
Armour
|
Consumer
Discretionary
|
Apparel, Accessories
& Luxury Goods
|
S&P SMALLCAP
600 INDEX – April 30, 2014
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Aceto
Chemicals
|
Industrials
|
Trading Companies
& Distributors
|
DELETED
|
PolyOne
|
Materials
|
Specialty
Chemicals
|
Additions to and deletions from S&P Dow Jones Indices
do not in any way reflect an opinion on the investment merits of
the companies involved.
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For more information:
David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
(212) 438 3907
david.blitzer@spdji.com
David R. Guarino
Communications
S&P Dow Jones Indices
(212) 438 1471
dave.guarino@spdji.com
SOURCE S&P Dow Jones Indices