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S&P Indices Announces Changes to U.S. Indices
PR Newswire
NEW YORK, March 28, 2012
NEW YORK, March 28, 2012 /PRNewswire/ -- S&P MidCap 400 constituent Fossil, Inc. (NASD: FOSL) will replace Medco Health Solutions, Inc. (NYSE: MHS) in the S&P 500 index, S&P SmallCap 600 constituent BioMed Realty Trust, Inc. (NYSE: BMR) will replace Fossil in the S&P MidCap 400 index, and Innophos Holdings, Inc. (NASD: IPHS) will replace BioMed Realty Trust in the S&P SmallCap 600 index after the close of trading on a date to be announced. S&P 500 constituent Express Scripts, Inc. (NASD: ESRX) is acquiring Medco Health Solutions in a deal expected to be completed soon pending final approvals.
Fossil designs, develops, markets, and distributes consumer fashion accessories. Headquartered in Richardson, TX, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Apparel Accessories & Luxury Goods Sub-Industry index.
BioMed Realty Trust is a real estate investment trust (REIT) that provides real estate to the life science industry. Headquartered in San Diego, CA, the company will be added to the S&P MidCap 400 GICS Office REITs Sub-Industry index.
Innophos Holdings engages in the production of mineral based specialty ingredients. Headquartered in Cranbury, NJ, the company will be added to the S&P SmallCap 600 GICS Specialty Chemicals Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX – TBA | |||
| COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY |
ADDED | Fossil | Consumer Discretionary | Apparel Accessories & Luxuary Goods |
DELETED | Medco Health Solutions | Health Care | Health Care Services |
S&P MIDCAP 400 INDEX – TBA | |||
| COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY |
ADDED | BioMed Realty Trust | Financials | Office REITs |
DELETED | Fossil | Consumer Discretionary | Apparel Accessories & Luxuary Goods |
S&P SMALLCAP 600 INDEX – TBA | |||
| COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY |
ADDED | Innophus Holdings | Materials | Specialty Chemicals |
DELETED | BioMed Realty Trust | Financials | Office REITs |
About S&P Indices
S&P Indices, a leading brand of the McGraw-Hill Companies (NYSE: MHP), maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.45 trillion is directly indexed to our indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit: www.standardandpoors.com/indices.
It is not possible to invest directly in an index. S&P Indices does not sponsor, endorse, sell, or promote any S&P index-based investment product. This document does not constitute an offer of services in jurisdictions where S&P Indices or its affiliates do not have the necessary licenses. S&P Indices receives compensation in connection with licensing its indices to third parties.
For more information:
Dave Guarino
Communications
S&P Indices
dave_guarino@standardandpoors.com
212-438-1471
David Blitzer
Managing Director and Chairman of the Index Committee
S&P Indices
david_blitzer@standardandpoors.com
212-438-3907
SOURCE S&P Indices
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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