S&P Indices Announces Changes to U.S. Indices
March 30, 2012 by S&P Indices
Published Wednesday, Mar. 28, 2012
NEW YORK, March 28, 2012 — /PRNewswire/ — S&P MidCap 400 constituent Fossil, Inc. (NASD: FOSL) will replace Medco Health Solutions, Inc. (NYSE: MHS) in the S&P 500 index, S&P SmallCap 600 constituent BioMed Realty Trust, Inc. (NYSE: BMR) will replace Fossil in the S&P MidCap 400 index, and Innophos Holdings, Inc. (NASD: IPHS) will replace BioMed Realty Trust in the S&P SmallCap 600 index after the close of trading on a date to be announced. S&P 500 constituent Express Scripts, Inc. (NASD: ESRX) is acquiring Medco Health Solutions in a deal expected to be completed soon pending final approvals.
Fossil designs, develops, markets, and distributes consumer fashion accessories. Headquartered in Richardson, TX, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Apparel Accessories & Luxury Goods Sub-Industry index.
BioMed Realty Trust is a real estate investment trust (REIT) that provides real estate to the life science industry. Headquartered in San Diego, CA, the company will be added to the S&P MidCap 400 GICS Office REITs Sub-Industry index.
Innophos Holdings engages in the production of mineral based specialty ingredients. Headquartered in Cranbury, NJ, the company will be added to the S&P SmallCap 600 GICS Specialty Chemicals Sub-Industry index.
Following is a summary of the changes:
| S&P 500 INDEX – TBA | |||
| COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
| ADDED | Fossil | Consumer Discretionary | Apparel Accessories & Luxuary Goods |
| DELETED | Medco Health Solutions | Health Care | Health Care Services |
| S&P MIDCAP 400 INDEX – TBA | |||
| COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
| ADDED | BioMed Realty Trust | Financials | Office REITs |
| DELETED | Fossil | Consumer Discretionary | Apparel Accessories & Luxuary Goods |
| S&P SMALLCAP 600 INDEX – TBA | |||
| COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
| ADDED | Innophus Holdings | Materials | Specialty Chemicals |
| DELETED | BioMed Realty Trust | Financials | Office REITs |
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S&P Indices, a leading brand of the McGraw-Hill Companies (NYSE: MHP), maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.45 trillion is directly indexed to our indices, which includes the S&P 500, the world’s most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry’s most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit: www.standardandpoors.com/indices.
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For more information:Dave GuarinoCommunicationsS&P Indicesdave_guarino@standardandpoors.com212-438-1471
David BlitzerManaging Director and Chairman of the Index CommitteeS&P Indicesdavid_blitzer@standardandpoors.com212-438-3907
SOURCE S&P Indices
