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Standard & Poor's Announces Change to U.S. Index
NEW YORK, July 29 /PRNewswire/ -- Steven Madden Ltd. (Nasdaq: SHOO) will replace inVentiv Health Inc. (Nasdaq: VTIV) in the S&P SmallCap 600 index after the close of trading on a date to be announced. inVentiv Health is being acquired by affiliates of Thomas H. Lee Partners in a transaction expected to be completed soon.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com.
Steven Madden designs, sources, markets, and sells footwear. Headquartered in Long Island City, NY, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Footwear Sub-Industry index.
Following is a summary of the change:
S&P SMALLCAP 600 INDEX – TBA | ||||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | ||
ADDED | Steven Madden | Consumer Discretionary | Footwear | |
DELETED | inVentive Health | Health Care | Health Care Services | |
About S&P Indices
S&P Indices, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 trillion is directly indexed to Standard & Poor's family of 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.
About Standard & Poor's
Standard & Poor's, a subsidiary of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With offices in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for 150 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.
SOURCE Standard & Poor's
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