S&P Global Inc.

04/27/2021 | Press release | Distributed by Public on 04/27/2021 16:49

Genpact Set to Join S&P MidCap 400; Unitil & Genworth Financial to Join S&P SmallCap 600

NEW YORK, April 27, 2021/PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the opening of trading on Monday, May 3:

  • Genpact Limited (NYSE:G) will replace Genworth Financial Inc. (NYSE:GNW) in the S&P MidCap 400, and Genworth Financial will replace Glu Mobile Inc. (NASD:GLUU) in the S&P SmallCap 600. S&P 500 constituent Electronic Arts Inc. (NASD: EA) is acquiring Glu Mobile in a deal expected to be completed soon pending final conditions. Genworth Financial is more representative of the small-cap market space.
  • Unitil Corp. (NYSE:UTL) will replace Waddell & Reed Financial Inc. (NYSE:WDR) in the S&P SmallCap 600. Macquarie Group is acquiring Waddell & Reed Financial in a deal expected to be completed soon pending final conditions.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective
Date

Index Name

Action

Company Name

Ticker

GICS Sector

May 3, 2021

S&P MidCap 400

Addition

Genpact

G

Information Technology


S&P MidCap 400

Deletion

Genworth Financial

GNW

Financials


S&P SmallCap 600

Addition

Unitil

UTL

Utilities


S&P SmallCap 600

Addition

Genworth Financial

GNW

Financials


S&P SmallCap 600

Deletion

Waddell & Reed Financial

WDR

Financials


S&P SmallCap 600

Deletion

Glu Mobile

GLUU

Communication Services

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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 Dowinvented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

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