NEW YORK, Sept. 11, 2013 /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:
- Two S&P 500 constituents will switch places with two
S&P MidCap 400 constituents effective after the close of
trading on Friday, September 20.
S&P MidCap 400 constituents Vertex Pharmaceuticals (NASD:VRTX)
and Ametek Inc. (NYSE:AME) will replace Advanced Micro Devices Inc.
(NYSE:AMD) and SAIC Inc. (NYSE:SAI) in the S&P 500, and
Advanced Micro Devices and SAIC will replace Vertex Pharmaceuticals
and Ametek in the S&P MidCap 400. These transfers will
make each index more representative of its market capitalization
range. The companies moving to the S&P 500 both have market
capitalizations above $10
billion. Advanced Micro Devices is ranked #500 in the
S&P 500 and has a market capitalization more representative of
the midcap market space. SAIC will be splitting into 2 companies in
a transaction expected to be completed before month end.
- Capstead Mortgage Corp. (NYSE:CMO) will replace Rue 21 Inc.
(NASD:RUE) in the S&P SmallCap 600 after the close of trading
on Thursday, September 19. Apax
Partners is acquiring Rue 21 in a deal expected to be completed on
or about that date pending final approvals.
Vertex Pharmaceuticals engages in discovering, developing,
manufacturing, and commercializing small molecule drugs.
Headquartered in Cambridge, MA,
the company will be added to the S&P 500 GICS (Global Industry
Classification Standard) Biotechnology Sub-Industry index.
Ametek manufactures and sells electronic instruments and
electromechanical devices. Headquartered in Berwyn, PA, the company will be added to the
S&P MidCap 400 GICS Electrical Components & Equipment
Sub-Industry index.
Advanced Micro Devices operates as a semiconductor company.
Headquartered in Sunnyvale, CA,
the company will be added to the S&P MidCap 400 GICS
Semiconductors Sub-Industry index.
SAIC provides scientific, engineering, systems integration, and
technical services and solutions. Headquartered in McLean, VA, the company will be added to the
S&P MidCap 400 GICS IT Consulting & Other Services
Sub-Industry index.
Capstead Mortgage, a real estate investment trust (REIT),
invests in a portfolio of residential mortgage pass-through
securities. Headquartered in Dallas,
TX, the company will be added to the S&P SmallCap 600
GICS Mortgage REITs Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP
600 INDEX – September 19, 2013
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Capstead
Mortgage
|
Finance
|
Mortgage
REITs
|
DELETED
|
Rue 21
|
Consumer
Discretionary
|
Apparel
Retail
|
S&P 500 INDEX
– September 20, 2013
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Vertex
Pharmaceuticals
|
Health
Care
|
Biotechnology
|
|
Ametek
|
Industrials
|
Electrical Components
& Equipment
|
DELETED
|
Advanced Micro
Devices
|
Information
Technology
|
Semiconductors
|
|
SAIC
|
Information
Technology
|
IT Consulting &
Other Services
|
S&P MIDCAP 400
INDEX – September 20, 2013
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Advanced Micro
Devices
|
Information
Technology
|
Semiconductors
|
|
SAIC
|
Information
Technology
|
IT Consulting &
Other Services
|
DELETED
|
Vertex
Pharmaceuticals
|
Health
Care
|
Biotechnology
|
|
Ametek
|
Industrials
|
Electrical Components
& Equipment
|
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:
Dave Guarino
Communications
S&P Dow Jones Indices
dave.guarino@spdji.com
(212) 438-1471
David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
david.blitzer@spdji.com
(212) 438-3907
SOURCE S&P Dow Jones Indices