Home Page
Home Page
07:58:45 EDT Sat 19 Apr 2014
Enter Symbol
or Name
USA
Canada
MCGRAW HILL COMPANIES INC
Symbol U : MHP
Recent Sedar Documents

AbbVie Set to Join S&P 100 & 500; Federated Investors Set to Join S&P MidCap 400; ITT Educational Services & Procera Networks to Join S&P SmallCap 600

2012-12-20 18:08 ET - News Release

NEW YORK, Dec. 20, 2012 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 100, 500, MidCap 400 and SmallCap 600 indices after the close of trading on Monday, December 31:

  • AbbVie Inc. (NYSE:ABBVwi) will replace Dell Inc. (NASD:DELL) in the S&P 100, and Federated Investors Inc. (NYSE:FII) in the S&P 500. Federated will replace ITT Educational Services Inc. (NYSE:ESI) in the S&P MidCap 400, and ITT Educational Services will replace NCI Inc. (NASD:NCIT) in the S&P SmallCap 600. S&P 100 and 500 constituent Abbott Laboratories (NYSE:ABT) is spinning off AbbVie in a transaction expected to be completed after the close of trading on December 31. The Abbott Laboratories stub will remain in the S&P 100 and 500. Dell has a market capitalization below $18.5 billion and is no longer representative of the mega-cap market space.  Federated Investors' market capitalization is below $2.2 billion, making it more representative of the mid-cap market space, and ITT Educational Services' market capitalization is below $450 million making it more representative of the small-cap market space. NCI Corp.is ranked #600 in the S&P SmallCap 600.
  • Procera Networks, Inc. (NASD:PKT) will replace Presidential Life Corp. (NASD:PLFE) in the S&P SmallCap 600. Athene Holding Ltd. is acquiring Presidential Life in a deal expected to be completed soon pending final approvals.

AbbVie engages in the discovery, development, manufacture, and sale of pharmaceuticals and biologics. Headquartered in North Chicago, IL, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Pharmaceuticals Sub-Industry index.

Federated Investors is an asset management company. Headquartered in Pittsburgh, PA, the company will be added to the S&P MidCap 400 GICS Asset Management & Custody Banks Sub-Industry index.

ITT Educational Services provides postsecondary degree programs. Headquartered in Carmel, IN, the company will be added to the S&P SmallCap 600 GICS Education Services Sub-Industry index.

Procera Networks provides intelligent policy enforcement solutions that enable mobile and broadband network operators and entities to manage private networks. Headquartered in Fremont, CA, the company will be added to the S&P SmallCap 600 GICS Communications Equipment Sub-Industry index.

Following is a summary of the changes:

S&P 100 INDEX – December 31, 2012


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

AbbVie

Health Care

Pharmaceuticals

DELETED

Dell

Information Technology

Computer Hardware

 

S&P 500 INDEX – December 31, 2012


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

AbbVie

Health Care

Pharmaceuticals

DELETED

Federated Investors

Financials

Asset Management & Custody Banks

 

S&P MIDCAP 400 INDEX – December 31, 2012


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Federated Investors

Financials

Asset Management & Custody Banks

DELETED

ITT Educational Services

Consumer Discretionary

Education Services

 

S&P SMALLCAP 600 INDEX – December 31, 2012


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

ITT Educational Services

Consumer Discretionary

Education Services


Procera Networks

Information Technology

Communications Equipment

DELETED

NCI

Information Technology

IT Consulting & Other Services


Presidential Life

Financials

Life & Health Insurance

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 subsidiary of The McGraw-Hill Companies 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 AverageSM, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of institutional and retail investors. More assets are invested in products based upon our indices than any other provider in the world. With over 830,000 indices covering a wide range of assets classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.

It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, and their respective affiliates, parents, subsidiaries, directors, officers, shareholders, employees and agents (collectively "S&P Dow Jones Indices") does not sponsor, endorse, sell, or promote any investment fund or other vehicle that is offered by third parties and that seeks to provide an investment return based on the returns of any S&P Dow Jones Indices index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices or its affiliates do not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.

STANDARD & POOR'S and S&P are registered trademarks of Standard & Poor's Financial Services LLC.  "Dow Jones" is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones")

For more information:
Dave Guarino
Communications
S&P Dow Jones Indices
dave_guarino@spdji.com
(201) 755-5334

David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
david_blitzer@spdji.com 
(917) 376-1204

SOURCE S&P Dow Jones Indices

© 2014 Canjex Publishing Ltd. All rights reserved.