NEW YORK, Nov. 9, 2015 /PRNewswire/ -- Synchrony
Financial (NYSE: SYFwi) will replace Genworth Financial Inc. (NYSE:
GNW) in the S&P 500, Genworth Financial will replace Rovi Corp.
(NASD: ROVI) in the S&P MidCap 400, and Rovi will replace Penn
Virginia Corp. (NYSE: PVA) in the S&P SmallCap 600 after the
close of trading on Tuesday, November
17. S&P 100 & 500 constituent General Electric Co.
(NYSE: GE) is splitting off its approximately 85% holding in
Synchrony Financial in an exchange offer expected to be completed
soon, pending final conditions. Post split-off, General
Electric will remain in the S&P 100 and 500 indices. Genworth
Financial's total market capitalization is more representative of
the mid cap market space, and Rovi's total market capitalization is
more representative of the small cap market space. Penn
Virginia is ranked at the bottom
of the S&P SmallCap 600.
Synchrony Financial operates as a consumer financial services
company. Headquartered in Stamford,
CT, the company will be added to the S&P 500 GICS
(Global Industry Classification Standard) Consumer Finance
Sub-Industry index.
Genworth Financial provides insurance, retirement, and
homeownership solutions. Headquartered in Richmond, VA, the company will be added to the
S&P MidCap 400 GICS Multi-line Insurance Sub-Industry
index.
Rovi provides integrated solutions for the discovery and
personalization of digital entertainment. Headquartered in
Santa Clara, CA, the company will
be added to the S&P SmallCap 600 GICS Systems Software
Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX
– November 17, 2015
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Synchrony
Financial
|
Financials
|
Consumer
Finance
|
DELETED
|
Genworth
Financial
|
Financials
|
Multi-line
Insurance
|
S&P MIDCAP 400
INDEX – November 17, 2015
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Genworth
Financial
|
Financials
|
Multi-line
Insurance
|
DELETED
|
Rovi
|
Information
Technology
|
Systems
Software
|
S&P SMALLCAP
600 INDEX – November 17, 2015
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Rovi
|
Information
Technology
|
Systems
Software
|
DELETED
|
Penn
Virginia
|
Energy
|
Oil & Gas
Exploration & Production
|
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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visit www.spdji.com.
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