NEW YORK, March 26, 2014 /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 after the close
of trading on Tuesday, April 1:
- S&P MidCap 400 constituent Essex Property Trust Inc.
(NYSE:ESS) will replace Cliffs Natural Resources Inc. (NYSE:CLF) in
the S&P 500, Cliffs Natural Resources will replace Essex
Property Trust in the S&P MidCap 400, S&P SmallCap 600
constituent FEI Co. (NASD:FEIC) will replace BRE Properties Inc.
(NYSE:BRE) in the S&P MidCap 400, and Fabrinet (NYSE:FN) will
replace FEI in the S&P SmallCap 600. Essex is acquiring BRE Properties in a deal
expected to be completed after the close on April 1. Cliff Natural Resources and FEI have
market capitalizations that are more representative of the mid-cap
market space.
- Albany Molecular Research Inc. (NASD:AMRI) will replace
Supertex Inc. (NASD:SUPX) in the S&P SmallCap 600. S&P 500
constituent Microchip Technology Inc. (NASD:MCHP) is acquiring
Supertex in a deal expected to be completed on or about
April 1.
Essex Property, a real estate investment trust (REIT), engages
in the ownership, operation, management, acquisition, development,
and redevelopment of apartment communities. Headquartered in
Palo Alto, CA, the company will be
added to the S&P 500 GICS (Global Industry Classification
Standard) Residential REITs Sub-Industry index.
Cliffs Natural Resources produces iron ore and metallurgical
coal. Headquartered in Cleveland,
OH, the company will be added to the S&P MidCap 400 GICS
Steel Sub-Industry index.
FEI supplies scientific instruments for nanoscale applications.
Headquartered in Hillsboro, OR,
the company will be added to the S&P MidCap 400 GICS Electronic
Equipment & Instruments Sub-Industry index.
Fabrinet provides optical packaging and precision optical,
electro-mechanical, and electronic manufacturing services.
Headquartered in Cayman
Islands, the company will be added to the S&P SmallCap
600 Electronic Manufacturing Services Sub-Industry index.
Albany Molecular Research provides integrated drug discovery,
development, and manufacturing services. Headquartered in
Albany, NY, the company will be
added to the S&P SmallCap 600 Life Sciences Tools &
Services Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX
– April 1, 2014
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Essex
Property
|
Financials
|
Residential
REITs
|
DELETED
|
Cliff Natural
Resources
|
Materials
|
Steel
|
S&P MIDCAP 400
INDEX – April 1, 2014
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Cliff Natural
Resources
|
Materials
|
Steel
|
|
FEI
Company
|
Information
Technology
|
Electronic Equipment
& Instruments
|
DELETED
|
Essex
Property
|
Financials
|
Residential
REITs
|
|
BRE
Properties
|
Financials
|
Residential
REITs
|
S&P SMALLCAP
600 INDEX – April 1, 2014
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Fabrinet
|
Information
Technology
|
Electronic
Manufacturing Services
|
|
Albany Molecular
Research
|
Health
Care
|
Life Science Tools
& Services
|
DELETED
|
FEI
Company
|
Information
Technology
|
Electronic Equipment
& Instruments
|
|
Supertex
|
Information
Technology
|
Semiconductors
|
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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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
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