NEW YORK, July 29, 2015 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600:
- Inogen Inc. (NASD:INGN) will replace Micrel Inc. (NASD:MCRL) in the S&P SmallCap 600 after the close of trading on Monday, August 3. S&P 500 constituent Microchip Technology Inc. (NASD:MCHP) is acquiring Micrel in a transaction expected to be completed on or about that date pending final approvals.
- Express Inc. (NYSE:EXPR) will replace Associated Estates Realty Corp. (NYSE:AEC) in the S&P SmallCap 600 after the close of trading on Wednesday, August 5. Brookfield Asset Management (NYSE:BAM) is acquiring Associated Estates Realty in a transaction expected to be completed on or about that date pending final approvals.
Inogen primarily develops, manufactures, and markets portable oxygen concentrators. Headquartered in Goleta, GA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Health Care Equipment Sub-Industry index.
Express, Inc. operates as a specialty apparel and accessories retailer. Headquartered in Columbus, OH, the company will be added to the S&P SmallCap 600 GICS Apparel Retail Sub-Industry index.
Following is a summary of the changes:
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S&P SMALLCAP 600 INDEX – August 3, 2015
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COMPANY
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GICS ECONOMIC SECTOR
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GICS SUB-INDUSTRY
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ADDED
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Inogen
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Health Care
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Health Care Equipment
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DELETED
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Micrel
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Information Technology
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Semiconductors
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S&P SMALLCAP 600 INDEX – August 5, 2015
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COMPANY
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GICS ECONOMIC SECTOR
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GICS SUB-INDUSTRY
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ADDED
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Express
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Consumer Discretionary
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Apparel Retail
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DELETED
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Associated Estates Realty
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Financials
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Residential REITs
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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
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 1,000,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.
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For more information:
David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
(+) 212 438 3907
david.blitzer@spdji.com
David R. Guarino
Communications
S&P Dow Jones Indices
(+1) 212 438 1471
dave.guarino@spdji.com
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SOURCE S&P Dow Jones Indices