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 | 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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