NEW YORK, Jan. 22, 2016 /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:
- S&P MidCap 400 constituent Federal Realty Investment Trust
(NYSE:FRT) will replace Broadcom Corp. (NASD:BRCM) in the S&P
500, S&P SmallCap 600 constituent Curtiss-Wright Corp.
(NYSE:CW) will replace Federal Realty Trust in the S&P MidCap
400, and Cray Inc. (NASD:CRAY) will replace Curtiss-Wright in the
S&P SmallCap 600 after the close of trading on Friday, January 29. S&P 500 constituent Avago
Technologies Ltd. (NASD:AVGO) is acquiring Broadcom in a deal
expected to be completed on or about February 1 pending final conditions.
- S&P SmallCap 600 constituent Pool Corp. (NASD:POOL) will
replace BioMed Realty Trust Inc. (NYSE:BMR) in the S&P MidCap
400, and Asbury Automotive Group Inc. (NYSE:ABG) will replace Pool
in the S&P SmallCap 600 after the close of trading on
Tuesday, January 26. Private equity
firm Blackstone Real Estate Partners is acquiring BioMed Realty
Trust in a deal expected to be completed on or about that date
pending final approvals.
Federal Realty Investment Trust, a real estate investment trust
(REIT), engages in the ownership, management, development, and
redevelopment of retail and mixed-use properties. Headquartered in
Rockville, MD, the company will be
added to the S&P 500 GICS (Global Industry Classification
Standard) Retail REITs Sub-Industry index.
Curtiss-Wright designs, manufactures, and overhauls precision
components, and engineered products and services. Headquartered in
Charlotte, NC, the company will be
added to the S&P MidCap 400 Aerospace & Defense
Sub-Industry index.
Cray designs, develops, manufactures, markets, and services
high-performance computing systems. Headquartered in Seattle, WA, the company will be added to the
S&P SmallCap 600 GICS Technology Hardware, Storage &
Peripherals Sub-Industry index.
Pool distributes swimming pool supplies, equipment, and related
leisure products. Headquartered in Covington, LA, the company will be added to
the S&P MidCap 400 GICS Distributors Sub-Industry index.
Asbury Automotive Group operates as an automotive retailer.
Headquartered in Duluth, GA,
the company will be added to the S&P SmallCap 600 GICS
Automotive Retail Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400
INDEX – January 26, 2016
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Pool
|
Consumer
Discretionary
|
Distributors
|
DELETED
|
BioMed Realty
Trust
|
Financials
|
Office
REITs
|
S&P SMALLCAP
600 INDEX – January 26, 2016
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Asbury Automotive
Group
|
Consumer
Discretionary
|
Automotive
Retail
|
DELETED
|
Pool
|
Consumer
Discretionary
|
Distributors
|
S&P 500 INDEX
– January 29, 2016
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Federal Realty
Trust
|
Financials
|
Retail
REITs
|
DELETED
|
Broadcom
|
Information
Technology
|
Semiconductors
|
S&P MIDCAP 400
INDEX – January 29, 2016
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Curtiss-Wright
|
Industrials
|
Aerospace &
Defense
|
DELETED
|
Federal Realty
Trust
|
Financials
|
Retail
REITs
|
S&P SMALLCAP
600 INDEX – January 29, 2016
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Cray
|
Information
Technology
|
Technology Hardware,
Storage & Peripherals
|
DELETED
|
Curtiss-Wright
|
Industrials
|
Aerospace &
Defense
|
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.
For more information about S&P Dow Jones Indices, please
visit www.spdji.com
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visit:http://www.prnewswire.com/news-releases/federal-realty-investment-trust-set-to-join-the-sp-500-curtiss-wright-pool-to-join-sp-midcap-400-cray-asbury-automotive-to-join-sp-smallcap-600-300208688.html
SOURCE S&P Dow Jones Indices