NEW YORK, April 25, 2017 /PRNewswire/ -- S&P Dow
Jones Indices will make the following changes to the S&P MidCap
400 and S&P SmallCap 600 indices effective prior to the open on
Friday, April 28:
- PBF Energy Inc. (NYSE: PBF) will replace Waddell & Reed
Financial Inc. (NYSE: WDR) in the S&P MidCap 400, and Waddell
& Reed Financial will replace Stillwater Mining Co. (NYSE: SWC)
in the S&P SmallCap 600. Sibanye Gold Limited (NYSE: SBGL) is
acquiring Stillwater Mining in a deal expected to be completed soon
pending final conditions.
- Apollo Commercial Real Estate Finance Inc. (NYSE: ARI) will
replace ZELTIQ Aesthetics Inc. (NASD: ZLTQ) in the S&P SmallCap
600. S&P 100 and 500 constituent Allergan plc (NYSE: AGN) is
acquiring ZELTIQ Aesthetics in a deal expected to be completed on
April 27 pending final
conditions.
PBF Energy engages in the refining and supply of petroleum
products. Headquartered in Parsippany,
NJ, the company will be added to the S&P MidCap 400 GICS
(Global Industry Classification Standard) Oil & Gas Refining
& Marketing Sub-Industry index.
Waddell & Reed Financial provides investment management and
advisory, investment product underwriting and distribution, and
shareholder services administration. Headquartered in Overland Park, KS, the company will be added
to the S&P SmallCap 600 GICS Asset Management & Custody
Banks Sub-Industry index.
Apollo Commercial Real Estate Finance operates as a real estate
investment trust (REIT) that primarily originates, acquires,
invests in, and manages commercial mortgage loans, subordinate
financings, commercial mortgage-backed securities, and other
commercial real estate-related debt investments. Headquartered in
New York, NY, 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 MIDCAP 400
INDEX – APRIL 28, 2017
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
PBF Energy
|
Energy
|
Oil & Gas
Refining & Marketing
|
|
DELETED
|
Waddell & Reed
Financial
|
Financials
|
Asset Management
& Custody Banks
|
|
S&P SMALLCAP
600 INDEX – APRIL 28, 2017
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Apollo Commercial
Real Estate Finance
|
Financials
|
Mortgage
REITs
|
|
Waddell & Reed
Financial
|
Financials
|
Asset Management
& Custody Banks
|
|
DELETED
|
Stillwater
Mining
|
Materials
|
Precious Metals &
Minerals
|
|
ZELTIQ
Aesthetics
|
Health
Care
|
Health Care
Equipment
|
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
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/pbf-energy-set-to-join-sp-midcap-400-apollo-commercial-real-estate-finance-and-waddell--reed-financial-to-join-sp-smallcap-600-300445658.html
SOURCE S&P Dow Jones Indices