Previously announced addition Michael Kors Holdings Limited KORS will replace NYSE Euronext Inc. NYX in the S&P 500 after the close of trading on Tuesday, November 12. S&P 500 constituent IntercontinentalExchange Inc. ICE is acquiring NYSE Euronext in a deal expected to be completed on or about that date.
Michael Kors engages in the design, marketing, distribution, and retailing of branded women's apparel and accessories, and men's apparel. Headquartered in Hong Kong, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Apparel Accessories & Luxury Goods Sub-Industry index.
Following is a summary of the change:
S&P 500 INDEX – Tuesday, November 12, 2013
COMPANY
GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY
ADDED
Michael Kors Holdings
Consumer Discretionary
Apparel Accessories & Luxury Goods
DELETED
NYSE Euronext
Financials
Specialized Finance
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.
About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average™, S&P Dow Jones Indices LLC has over
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