PR Newswire
NEW YORK, March 2, 2018
NEW YORK, March 2, 2018 /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:
IPG Photonics develops and manufactures a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing. Headquartered in Oxford, MA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Electronic Manufacturing Services Sub-Industry index.
ALLETE is an energy company that generates electricity from coal-fired, natural gas-fired, biomass co-fired, hydroelectric, wind, solar, and other sources. Headquartered in Duluth, MN, the company will be added to the S&P MidCap 400 GICS Electric Utilities Sub-Industry index.
New York Mortgage Trust, a real estate investment trust (REIT), acquires, invests in, finances, and manages mortgage-related and residential housing-related, and financial assets. Headquartered in New York, NY, the company will be added to the S&P SmallCap 600 GICS Mortgage REITs Sub-Industry index.
LendingTree operates an online loan marketplace for consumers seeking loans and other credit-based offerings. Headquartered in Charlotte, NC, the company will be added to the S&P MidCap 400 GICS Thrifts & Mortgage Finance Sub-Industry index.
Finisar provides optical subsystems and components for data communication and telecommunication applications. Headquartered in Sunnyvale, CA, the company will be added to the S&P SmallCap 600 GICS Communications Equipment Sub-Industry index.
Global Net Lease is a REIT focused on acquiring a diversified global portfolio of commercial properties. Headquartered in New York, NY, the company will be added to the S&P SmallCap 600 GICS Diversified REITs Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX – March 7, 2018 | |||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
ADDED |
IPG Photonics |
Information Technology |
Electronic |
DELETED |
Scripps |
Consumer Discretionary |
Broadcasting |
S&P MidCap 400 INDEX – March 7, 2018 | |||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
ADDED |
ALLETE |
Utilities |
Electric Utilities |
DELETED |
IPG Photonics |
Information Technology |
Electronic Manufacturing |
S&P SMALLCAP 600 INDEX – March 7, 2018 | |||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
ADDED |
New York |
Financials |
Mortgage REITs |
DELETED |
ALLETE |
Utilities |
Electric Utilities |
S&P MidCap 400 INDEX – March 8, 2018 | |||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
ADDED |
LendingTree |
Financials |
Thrifts & Mortgage |
DELETED |
Bioverativ |
Health Care |
Biotechnology |
S&P SMALLCAP 600 INDEX – March 8, 2018 | |||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
ADDED |
Finisar |
Information Technology |
Communications |
DELETED |
LendingTree |
Financials |
Thrifts & Mortgage |
S&P SMALLCAP 600 INDEX – March 9, 2018 | |||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
ADDED |
Global Net |
Real Estate |
Diversified REITs |
DELETED |
GCI Liberty |
Telecommunications |
Integrated |
For more information about S&P Dow Jones Indices, please visit www.spdji.com
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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.
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FOR MORE INFORMATION:
David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
[email protected]
S&P Dow Jones Indices
[email protected]
Media Inquiries
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SOURCE S&P Dow Jones Indices
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