NEW YORK, April 12, 2019 /PRNewswire/ -- DMC Global Inc. (BOOM) will replace Belmond Ltd. (BEL) in the S&P SmallCap 600 effective prior to the open of trading on Thursday, April 18. LVMH Moët Hennessy - Louis Vuitton SE is acquiring Belmond Ltd. in a deal expected to be completed soon pending final approvals.
DMC Global engages in technical product and process businesses serving the energy, industrial, and infrastructure markets. Headquartered in Boulder, CO, the company will be added to the S&P SmallCap 600 Global Industry Classification Standard (GICS) Oil & Gas Equipment & Services Sub-Industry index.
Following is a summary of the change:
S&P SMALLCAP 600 INDEX – April 18, 2019
GICS ECONOMIC SECTOR
Oil & Gas Equipment & Services
Hotels, Resorts & Cruise Lines
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 is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.
FOR MORE INFORMATION:
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
S&P Dow Jones Indices