Willis Group Holdings Set to Join the S&P 500; Fossil Group to Join S&P MidCap 400; Adeptus Health to Join S&P SmallCap 600

28 Dec, 2015, 18:11 ET from S&P Dow Jones Indices

NEW YORK, Dec. 28, 2015 /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 indices:

  • Willis Group Holdings plc (NYSE: WSH) will replace Fossil Group Inc. (NASD:FOSL) in the S&P 500, and Fossil Group will replace Towers Watson & Co. (NASD:TW) in the S&P MidCap 400 after the close of trading on Monday, January 4. Willis Group is merging with Towers Watson in a deal expected to be completed on or about that date pending final conditions. Post merger, Willis Group Holdings will change its name to Willis Towers Watson plc and trade under the ticker symbol "WLTW". Fossil has a market capitalization that is more representative of the mid-cap market space.
  • Adeptus Health Inc. (NYSE: ADPT) will replace Ferroglobe plc (NASD:GSM) in the S&P SmallCap 600 after the close of trading on Thursday, December 31. Globe Specialty Metals recently completed its combination with Grupo FerroAtlántica, creating a new company called Ferroglobe plc. The new company does not meet the domicile and public float criteria as outlined in the S&P U.S. Indices methodology.

Willis Towers Watson is a global advisory, broking and solutions firm. Headquartered in London, England the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Insurance Brokers Sub-Industry index.

Fossil Group designs, develops, markets, and distributes consumer fashion accessories. Headquartered in Richardson, TX, the company will be added to the S&P MidCap 400 Apparel Accessories & Luxury Goods Sub-Industry index.

Adeptus Health owns and operates a network of independent freestanding emergency rooms. Headquartered in Lewisville, TX, the company will be added to the S&P SmallCap 600 GICS Health Care Services Sub-Industry index.

Following is a summary of the changes:

S&P SMALLCAP 600 INDEX – December 31, 2015

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Adeptus Health

Health Care

Health Care Services

DELETED

Globe Specialty Metals

Materials

Diversified Metals & Mining

 

S&P 500 INDEX – January 4, 2016

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Willis Towers Watson

Financials

Insurance Brokers

DELETED

Fossil Group

Consumer Discretionary

Apparel Accessories & Luxury Goods

 

S&P MIDCAP 400 INDEX – January 4, 2016

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Fossil Group

Consumer Discretionary

Apparel Accessories & Luxury Goods

DELETED

Towers Watson

Industrials

Human Resources & Employment Services

 

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.

For more information about S&P Dow Jones Indices, please visit www.spdji.com

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.

S&P® is a registered trademark of Standard & Poor's Financial Services LLC ("S&P"), 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.

S&P DJI MEDIA CONTACTS:

David Blitzer Managing Director and Chairman of Index Committee New York, USA (+1) 212 438 3907 david.blitzer@spdji.com

David R. Guarino Head of Communications New York, USA (+1) 212 438 1471 dave.guarino@spdji.com

SOURCE S&P Dow Jones Indices



RELATED LINKS

http://www.spdji.com