Time Set to Join S&P MidCap 400; Bob Evans Farms to Join S&P SmallCap 600

PR Newswire

NEW YORK, June 2, 2014 /PRNewswire/ -- Time Inc. (NYSE:TIMEwi) will replace Bob Evans Farms Inc. (BOBE) in the S&P MidCap 400, and Bob Evans Farms will replace Blyth Inc. (BTH) in the S&P SmallCap 600 effective after the close of trading on Friday, June 6. S&P 100 & 500 constituent Time Warner Inc. (TWX) is spinning off Time to shareholders in a transaction expected to be completed after the close of trading on that date. Post spin, Time Warner will remain in the S&P 100 & 500 indices. Bob Evans Farms is ranked # 400 in the S&P MidCap 400 and is more appropriate for the S&P SmallCap 600. Blyth is ranked near the bottom of the S&P SmallCap 600 and is no longer representative of that index.

Time publishes magazines. Headquartered in New York, NY, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Publishing Sub-Industry index.

Bob Evans Farms owns and operates full-service restaurants. Headquartered in Columbus, OH, the company will be added to the S&P SmallCap 600 GICS Restaurants Sub-Industry index.

Following is a summary of the changes:

S&P MIDCAP 400 INDEX –  June 6, 2014


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Time

Consumer Discretionary

Publishing

DELETED

Bob Evans Farms

Consumer Discretionary

Restaurants

 

S&P SMALLCAP 600 INDEX –  June 6, 2014


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Bob Evans Farms

Consumer Discretionary

Restaurants

DELETED

Blyth

Consumer Discretionary

Housewares & Specialties

 

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 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.

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:

David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
(212) 438 3907
david.blitzer@spdji.com 

David R. Guarino
Communications
S&P Dow Jones Indices
(212) 438 1471
dave.guarino@spdji.com

View Comments (0)