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Biogen Idec Set to Join the S&P 100; Keurig Green Mountain to Join the S&P 500; Changes to the S&P MidCap 400 and the S&P SmallCap 600

NEW YORK, March 14, 2014 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 100, S&P 500, MidCap 400 and S&P SmallCap 600 indices after the close of trading on Friday, March 21:

  • S&P 500 constituent Biogen Idec Inc. (NASD:BIIB) will replace S&P 500 constituent American Electric Power Company Inc. (NYSE:AEP) in the S&P 100. Biogen Idec has a market capitalization above $80 billion and is more representative of the mega-cap market space. American Electric Power Company will remain in the S&P 500.
  • An S&P 500 constituent will switch places with an S&P MidCap 400 constituent, and an S&P MidCap 400 constituent will switch places with an S&P SmallCap 600 constituent. These transfers will make each index more representative of its market capitalization range; the company moving to the S&P 500 has a market cap above $15 billion, the companies moving to the S&P MidCap 400 have market caps between $3 billion and $5 billion, and the company moving to the S&P SmallCap 600 has a market cap of approximately $1 billion. The transfers will be as follows:

S&P MidCap 400 constituent Keurig Green Mountain Inc. (NASD:GMCR) will replace WPX Energy Inc. (NYSE:WPX) in the S&P 500, and WPX Energy will replace Keurig Green Mountain in the S&P MidCap 400.

S&P MidCap 400 constituent Matson Inc. (NASD:MATX) will replace Kate Spade & Company (NYSE:KATE) in the S&P SmallCap 600, and Kate Spade will replace Matson in the S&P MidCap 400.

Biogen Idec is a biotechnology company headquartered in Cambridge, MA.

Keurig Green Mountain is engaged in the specialty coffee and coffeemaker businesses. Headquartered in Waterbury, VT, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Packaged Foods & Meats Sub-Industry index.

WPX Energy is a natural gas and oil exploration and production company. Headquartered in Tulsa, OK, the company will be added to the S&P MidCap 400 GICS Oil & Gas Exploration & Production Sub-Industry index.

Matson operates as an ocean freight carrier. Headquartered in Honolulu, HI, the company will be added to the S&P SmallCap 600 GICS Marine Sub-Industry index.

Kate Spade & Company designs and markets a range of apparel and accessories.  Headquartered in New York, NY, the company will be added to the S&P MidCap 400 Apparel, Accessories & Luxury Goods Sub-Industry index.

Following is a summary of the changes:

S&P 100 INDEX – March 21, 2014


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Biogen Idec

Health Care

Biotechnology

DELETED

American Electric Power

Utilities

Electric Utilities

 

S&P 500 INDEX – March 21, 2014


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Keurig Green Mountain

Consumer Staples

Packaged Foods & Meats

DELETED

WPX Energy

Energy

Oil & Gas Exploration & Production

 

S&P MIDCAP 400 INDEX – March 21, 2014


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

WPX Energy

Energy

Oil & Gas Production & Exploration


Kate Spade & Company

Consumer Discretionary

Apparel, Accessories & Luxury Goods

DELETED

Keurig Green Mountain

Consumer Staples

Packaged Foods & Meat


Matson

Industrials

Marine

 

S&P SMALLCAP 600 INDEX – March 21, 2014


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Matson

Industrials

Marine

DELETED

Kate Spade & Company

Consumer Discretionary

Apparel, Accessories & Luxury Goods

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 830,000 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.

Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC, a part of McGraw Hill Financial. Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones").  These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.

For more information:

Dave Guarino
Communications
S&P Dow Jones Indices
[email protected] 
(212) 438-1471

David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
[email protected]  
(212) 438-3907 

SOURCE S&P Dow Jones Indices

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