Standard & Poor's Announces Changes to S&P SmallCap 600 Index

Strategic Insights -

Standard & Poor's continues to track the performance of the S&P SmallCap 600 Index, a widely followed benchmark of small-cap stocks, by making adjustments to its constituents. The changes aim to reflect the shifts in the market landscape, with the addition of Commercial Net Lease Realty and Daktronics Inc. to the index. These updates demonstrate the ongoing effort to ensure the index accurately represents the US small-cap market.

Key Takeaways:

  • Commercial Net Lease Realty, a real estate investment trust, will be added to the S&P SmallCap 600 Index's GICS Real Estate Investment Trusts sub-industry.
  • Daktronics Inc., a manufacturer of electronic scoreboards and video display systems, will join the S&P SmallCap 600 Index's GICS Electronic Equipment Manufacturers sub-industry.
  • The additions to and deletions from the S&P SmallCap 600 Index are made without any implications on the investment merits of the companies involved.
  • The move highlights Standard & Poor's ongoing efforts to maintain the integrity and relevance of its indices.
  • David Blitzer, Managing Director of Quantitative Services at Standard & Poor's, confirmed the changes and provided further information through his contact details.

Statistics:

  • 5000 employees work for Standard & Poor's globally, spread across 20 countries.
  • The company has played a leading role for more than 140 years in providing independent credit ratings and indices.
  • The McGraw-Hill Companies, Standard & Poor's parent organization, has over 320 offices in 34 countries.
  • In 2002, the company reported sales of $4.8 billion.

Sources:

  • Standard & Poor's, press release dated Feb. 4, 2003, available on their website.
  • The McGraw-Hill Companies, press release available on their website.
  • McGraw-hill.com.
  • standardandpoors.com
  • (212) 438-3907.