NEW YORK, March 24, 2017 /PRNewswire/ -- S&P Dow
Jones Indices will make the following changes to the S&P MidCap
400 and S&P SmallCap 600 indices effective prior to the open of
trading on Wednesday, March 29:
- S&P SmallCap 600 constituent Texas Capital Bancshares Inc.
(NASD: TCBI) will replace Endurance Specialty Holdings Ltd.
(NYSE:ENH) in the S&P MidCap 400, and DSW Inc. (NYSE:DSW) will
replace Texas Capital Bancshares in the S&P SmallCap 600. SOMPO
Holdings Inc. is acquiring Endurance Specialty Holdings in a deal
expected to be completed soon pending final conditions.
- S&P MidCap 400 constituent WisdomTree Investments Inc.
(NASD: WETF) will replace Surgical Care Affiliates Inc. (NASD:SCAI)
in the S&P SmallCap 600, and The Michaels Companies Inc.
(NASD:MIK) will replace WisdomTree Investments in the S&P
MidCap 400. S&P 100 & 500 constituent UnitedHealth Group
Inc. (NYSE:UNH) acquired Surgical Care Affiliates in a deal
completed today.
Texas Capital Bancshares provides various banking products and
services. Headquartered in Dallas,
TX, the company will be added to the S&P MidCap 400 GICS
(Global Industry Classification Standard) Regional Banks
Sub-Industry index.
DSW operates as a branded footwear and accessories retailer.
Headquartered in Columbus, OH, the
company will be added to the S&P SmallCap 600 GICS Apparel
Retail Sub-Industry index.
WisdomTree Investments operates as an exchange-traded funds
sponsor and asset manager. Headquartered in New York, NY, the company will be added to the
S&P SmallCap 600 GICS Asset Management & Custody Banks
Sub-Industry index.
The Michaels Companies owns and operates arts and crafts
specialty retail stores. Headquartered in Irving, TX, the company will be added to the
S&P MidCap 400 GICS Specialty Stores Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400
INDEX – March 29, 2017
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Texas Capital
Bancshares
|
Financials
|
Regional
Banks
|
|
The Michaels
Company
|
Consumer
Discretionary
|
Specialty
Stores
|
DELETED
|
Endurance
Specialty
Holdings
|
Consumer
Discretionary
|
Consumer
Electronics
|
|
WisdomTree
Investments
|
Financials
|
Asset Management
&
Custody Banks
|
S&P SMALLCAP
600 INDEX – MARCH 29, 2017
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
DSW
|
Consumer
Discretionary
|
Apparel
Retail
|
|
WisdomTree
Investments
|
Financials
|
Asset Management
&
Custody Banks
|
DELETED
|
Texas Capital
Bancshares
|
Financials
|
Regional
Banks
|
|
Surgical Care
Affiliates
|
Health
Care
|
Health Care
Facilities
|
For more information about S&P Dow Jones Indices, please
visit www.spdji.com.
ABOUT S&P DOW JONES
INDICES
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more information, visit www.spdji.com.
FOR MORE INFORMATION:
Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spdji.com
David Blitzer
Managing
Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/texas-capital-bancshares-and-the-michael-companies-set-to-join-sp-midcap-400-dsw-and-wisdomtree-investments-to-join-sp-smallcap-600-300429316.html
SOURCE S&P Dow Jones Indices