S&P Indices Announces Changes to U.S. Indices
PR Newswire
NEW YORK, Jan. 9, 2012
NEW YORK, Jan. 9, 2012 /PRNewswire/ -- S&P will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 Indices:
- S&P SmallCap 600 constituent Carter's Inc. CRI will replace 99¢ Only Stores NDN in the S&P MidCap 400 index, and Virtus Investment Partners Inc. VRTS will replace Carter's in the S&P SmallCap 600 index after the close of trading on Friday, January 13. A consortium led by Ares Management LLC is acquiring 99¢ Only Stores in a deal expected to be completed on or about that date pending final approvals.
- SunCoke Energy Inc. (NYSE: SXCwi) will replace School Specialty Inc. SCHS in the S&P SmallCap 600 index after the close of trading on Tuesday, January 17. S&P 500 constituent Sunoco Inc. SUN is spinning off SunCoke Energy in a transaction expected to be completed on or about that date pending final approvals. The Sunoco stub will remain in the S&P 500 index. School Specialty is ranked #600 in the SmallCap 600 index.
S&P Indices will post any relevant updates on its website: www.standardandpoors.com.
Carter's designs, sources, and markets branded children's wear. Headquartered in Atlanta, GA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Apparel Accessories & Luxury Goods Sub-Industry index.
Virtus Investment Partners Inc. provides investment management products and services. Headquartered in Hartford, CT, the company will be added to the S&P SmallCap 600 GICS Asset Management & Custody Banks Sub-Industry index.
SunCoke Energy manufactures coke for use in the production of blast furnace steel. Headquartered in Knoxville, TN, the company will be added to the S&P SmallCap 600 GICS Diversified Metals & Mining Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX – January 13, 2012 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
ADDED |
Carter's |
Consumer Discretionary |
Apparel Accessories & Luxury Goods |
DELETED |
99¢ Only Stores |
Consumer Discretionary |
General Merchandise Stores |
| |||
| |||
S&P SMALLCAP 600 INDEX – January 13, 2012 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
ADDED |
Virtus Investment Partners |
Financials |
Asset Management & Custody Banks |
DELETED |
Carter's |
Consumer Discretionary |
Apparel Accessories & Luxury Goods |
| |||
| |||
S&P SMALLCAP 600 INDEX – January 17, 2012 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
ADDED |
SunCoke Energy |
Materials |
Diversified Metals & Mining |
DELETED |
School Specialty |
Consumer Discretionary |
Education Services |
About S&P Indices
S&P Indices, a leading brand of the McGraw-Hill Companies 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 contact: |
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David M. Blitzer, Ph.D. Managing Director & Chairman of the Index Committee (212) 438-3907
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SOURCE S&P Indices
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