NEW YORK, July 31, 2017 /PRNewswire/ -- Brighthouse
Financial Inc. (NASD: BHF) will be added to the S&P 500
effective prior to the open on Monday,
August 7, replacing AutoNation Inc. (NYSE: AN), which will
be removed from the S&P 500 effective prior to the open on
Tuesday, August 8. AutoNation will replace FTI Consulting
Inc. (NYSE: FCN) in the S&P MidCap 400, and FTI Consulting will
replace Northern Oil and Gas Inc. (NYSE American: NOG) in the
S&P SmallCap 600 effective prior to the open on August 8. S&P 100 & 500 constituent
MetLife Inc. (NYSE: MET) is spinning off Brighthouse Financial in a
transaction expected to be completed after the close of trading on
Friday, August 4 pending final
conditions. Post spin-off, MetLife will remain in the S&P 100
& 500. AutoNation and FTI Consulting are ranked near the bottom
of the S&P 500 & S&P MidCap 400 respectively, and are
more representative of the mid-cap and small-cap market spaces.
Northern Oil and Gas is ranked near the bottom of the S&P
SmallCap 600 and is no longer representative of the small-cap
market space.
Brighthouse Financial provides life insurance and annuity
solutions. Headquartered in Charlotte,
NC, the company will be added to the S&P 500 GICS
(Global Industry Classification Standard) Life & Health
Insurance Sub-Industry index.
AutoNation operates as an automotive retailer. Headquartered in
Fort Lauderdale, FL, the company
will be added to the S&P MidCap 400 GICS Automotive Retail
Sub-Industry index.
FTI Consulting provides business advisory services to manage
change, mitigate risk, and resolve disputes. Headquartered in
Washington, D.C., the company will
be added to the S&P SmallCap 600 GICS Research & Consulting
Services Sub- Industry index.
Following is a summary of the changes:
S&P 500 INDEX
– August 7, 2017
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Brighthouse
Financial
|
Financials
|
Life & Health
Insurance
|
|
S&P 500 INDEX
– August 8, 2017
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
DELETED
|
AutoNation
|
Consumer
Discretionary
|
Automotive
Retail
|
|
S&P MIDCAP 400
INDEX – August 8, 2017
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
AutoNation
|
Consumer
Discretionary
|
Automotive
Retail
|
DELETED
|
FTI
Consulting
|
Industrials
|
Research &
Consulting Services
|
|
S&P SmallCap
600 INDEX – August 8, 2017
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
FTI
Consulting
|
Industrials
|
Research &
Consulting Services
|
DELETED
|
Northern Oil &
Gas
|
Energy
|
Oil & Gas
Exploration & Production
|
For more information about S&P Dow Jones Indices, please
visit www.spdji.com
ABOUT S&P DOW JONES
INDICES
S&P Dow Jones Indices is the largest global resource for
essential index-based concepts, data and research, and home to
iconic financial market indicators, such as the S&P
500® and the Dow Jones Industrial Average®.
More assets are invested in products based on our indices than
based on any other provider in the world. With over 1,000,000
indices and more than 120 years of experience constructing
innovative and transparent solutions, S&P Dow Jones Indices
defines the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE:
SPGI), which provides essential intelligence for individuals,
companies, and governments to make decisions with confidence. For
more information, visit www.spdji.com.
FOR MORE INFORMATION:
Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spglobal.com
David Blitzer
Managing
Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com
View original
content:http://www.prnewswire.com/news-releases/brighthouse-financial-set-to-join-sp-500-autonation-to-join-sp-midcap-400-fti-consulting-to-join-sp-smallcap-600-300496971.html
SOURCE S&P Dow Jones Indices