NEW YORK, June 19, 2013 /PRNewswire/ -- S&P Dow
Jones Indices is updating the market cap guidelines for its U.S.
indices. Effective today, the new guidelines are:
- S&P 500-- $4.6 billion or
greater (previous range was $ 4.0
billion or greater)
- S&P MidCap 400-- $1.2 billion to
$5.1 billion (previous range was $1.0
billion to $4.4 billion)
- S&P SmallCap 600-- $350 million to
$1.6 billion (previous range was $300
million to $1.4 billion)
"Given the market's advance since the recession low in
March 2009, and especially over the
last two years, the new cap ranges provide a better division among
the three leading US equity benchmarks: the S&P 500, S&P
MidCap 400 and S&P Small Cap 600," says David M. Blitzer, Managing Director and Chairman
of the Index Committee at S&P Dow Jones Indices. "As always,
the Index Committee will continue to monitor these ranges and
developments within the indices." The guidelines refer to a
company's total market capitalization, not its float-adjusted
market cap.
S&P Dow Jones Indices will make the following changes to the
S&P SmallCap 600:
- CalAmp Corp. (NASD: CAMP) will replace Palomar Medical
Technologies Inc. (NASD: PMTI) after the close of trading on
Monday, June 24. S&P SmallCap 600
constituent Cynosure Inc. (NASD: CYNO) is acquiring Palomar Medical
Technologies in a deal expected to be completed on or about that
date pending final approvals.
- Associated Estates Realty Corp. (NYSE: AEC) will replace
Websense Inc. (NASD: WBSN) after the close of trading on
Tuesday, June 25. Private equity firm
Vista Equity Partners is acquiring Websense in a deal expected to
be completed soon pending final approvals.
- WageWorks Inc. (NYSE: WAGE) will replace National Financial
Partners Corp. (NYSE: NFP) after the close of trading on
Tuesday, June 25. Private equity firm
Madison Dearborn Partners is acquiring National Financial Partners
in a deal expected to be completed on or about that date pending
final approvals.
CalAmp Corp. develops and markets wireless communications
solutions. Headquartered in Oxnard,
CA, the company will be added to the S&P SmallCap 600
GICS (Global Industry Classification Standard) Communications
Equipment Sub-Industry index.
Associated Estates Realty is a residential Real Estate
Investment Trust (REIT). Headquartered in
Richmond Heights, OH, the company
will be added to the S&P SmallCap 600 GICS Residential REITs
Sub-Industry index.
WageWorks operates as an on-demand provider of tax-advantaged
programs for consumer-directed health, and commuter and other
employee spending account benefits. Headquartered in San Mateo,
CA, the company will be added to the S&P SmallCap 600 GICS
Human Resources & Employment Services Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP
600 INDEX – June 24, 2013
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
CalAmp
|
Information
Technology
|
Communications
Equipment
|
DELETED
|
Palomar Medical
Technologies
|
Health
Care
|
Health Care
Equipment
|
|
S&P SMALLCAP
600 INDEX – June 25, 2013
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Associated
Estates
Realty
|
Financials
|
Residential
REITs
|
|
WageWorks
|
Industrials
|
Human Resources
&
Employment Services
|
DELETED
|
Websense
|
Information
Technology
|
Systems
Software
|
|
National
Financial
Partners
|
Financials
|
Insurance
Brokers
|
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
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McGraw-Hill Companies is the world's largest, global resource for
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For more information:
Dave Guarino
Communications
S&P Dow Jones Indices
dave.guarino@spdji.com
212-438-1471
David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
david.blitzer@spdji.com
212-438-3907
SOURCE S&P Dow Jones Indices