S&P Indices Announces Changes to U.S. Indices
S&P Indices Announces Changes to U.S. Indices
PR Newswire
NEW YORK, Nov. 18, 2011
NEW YORK, Nov. 18, 2011 /PRNewswire/ -- S&P 500 constituent Janus Capital Group Inc. (NYSE: JNS) will replace DPL Inc. (NYSE: DPL) in the S&P MidCap 400 index, and Cooper Industries plc (NYSE: CBE) will replace Janus Capital Group in the S&P 500 index after the close of trading on Tuesday, November 22. DPL is being acquired by S&P 500 constituent The AES Corp. (NYSE: AES) in a deal expected to be completed after the Thanksgiving holiday pending final approvals. Janus Capital Group's market capitalization is less than $1.2 billion and is no longer representative of the large cap market space.
S&P Indices will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com.
Janus Capital Group is an asset management company. Headquartered in Denver, CO, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Asset Management & Custody Banks Sub-Industry index.
Cooper Industries plc manufactures and sells electrical products. Headquartered in Dublin, Ireland, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Electrical Components & Equipment Sub-Industry index.
Following is a summary of the changes:
|
S&P 500 INDEX – November 22, 2011 | |||
|
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Cooper Industries |
Industrials |
Electrical Components & Equipment |
|
DELETED |
Janus Capital Group |
Financials |
Asset Management & Custody Banks |
|
S&P MIDCAP 400 INDEX – November 22, 2011 | |||
|
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Janus Capital Group |
Financials |
Asset Management & Custody Banks |
|
DELETED |
DPL |
Utilities |
Electric Utilities |
For more information about S&P Indices, please visit www.standardandpoors.com/indices.
About S&P Indices
S&P Indices, a leading brand of the McGraw-Hill Companies (NYSE: MHP), maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 trillion is directly indexed to Standard & Poor's family of 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.
For more information contact:
David M. Blitzer, Ph.D.
Managing Director & Chairman of the Index Committee
(212) 438-3907
SOURCE S&P Indices
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