NEW YORK, March 14, 2019 /PRNewswire/ -- S&P Dow
Jones Indices ("S&P DJI") will make the following changes to
the S&P 500 & S&P 100:
- Fox Corp. (NASD: FOXAV; FOXBV) will be added to the S&P 500
prior to the open of trading on Tuesday,
March 19. Fox will replace Twenty-First Century Fox Inc.
(NASD: FOXA; FOX), which will be removed from the S&P 500 and
S&P 100 effective prior to the open of trading on Wednesday, March 20. S&P 500 and 100
constituent The Walt Disney Co. (NYSE: DIS) is acquiring
Twenty-First Century Fox one day after Twenty-First Fox spins off
Fox Corp. to shareholders. For index purposes, S&P DJI
considers Fox Corp. to be the surviving entity of Twenty-First
Century Fox and therefore both the Class A and Class B common stock
lines will continue to be included in the S&P 500. Effective on
March 19, Twenty-First Century Fox
will change its Class A common stock ticker from FOXA to TFCFA and
its Class B common stock ticker from FOX to TFCF. Also effective on
March 19, Fox Corp. will change its
Class A common stock ticker from FOXAV to FOXA and its Class B
common stock ticker from FOXBV to FOX.
- Adobe Inc. (NASD: ADBE) will replace Twenty-First Century Fox
in the S&P 100 effective prior to the open of trading on
Wednesday, March 20. Post spin-off,
the surviving Fox Corp. will no longer be representative of the
mega-cap market space.
Fox Corp. operates as a news, sports, and entertainment company.
Headquartered in New York, NY, the
company will be added to the S&P 500 (Global Industry
Classification Standard) GICS Broadcasting Sub-Industry index
effective prior to the open of trading on Wednesday, March 20.
Adobe operates as a diversified software company and is
headquartered in San Jose, CA.
Following is a summary of the changes:
S&P 500 INDEX
– MARCH 19, 2019
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Fox
|
Communication
Services
|
Broadcasting*
|
*GICS effective March
20
|
S&P 500 INDEX
– MARCH 20, 2019
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
DELETED
|
Twenty-First
Century
Fox
|
Communication
Services
|
Movies &
Entertainment
|
S&P 100 INDEX
– MARCH 20, 2019
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Adobe
|
Information
Technology
|
Application
Software
|
DELETED
|
Twenty-First
Century
Fox
|
Communication
Services
|
Movies &
Entertainment
|
For more information about S&P Dow Jones Indices, please
visit www.spdji.com
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for
essential index-based concepts, data and research, and home to
iconic financial market indicators, such as the S&P
500® and the Dow Jones Industrial Average®.
More assets are invested in products based on our indices than
products based on indices from any other provider in the world.
Since Charles Dow invented the first
index in 1884, S&P DJI has become home to over 1,000,000
indices across the spectrum of asset classes that have helped
define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE:
SPGI), which provides essential intelligence for individuals,
companies, and governments to make decisions with confidence. For
more information, visit www.spdji.com.
FOR MORE INFORMATION:
David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com
S&P Dow Jones Indices
index_services@spglobal.com
Media Inquiries
spdji_communications@spglobal.com
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SOURCE S&P Dow Jones Indices