The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from PR Newswire

Standard & Poor's Announces Changes to U.S. Index

Wednesday, July 20, 2011

Standard & Poor's Announces Changes to U.S. Index18:06 EDT Wednesday, July 20, 2011NEW YORK, July 20, 2011 /PRNewswire/ -- Financial Engines Inc. (NASD:FNGN) will replace Sterling Bancshares Inc. (NASD:SBIB), and Encore Capital Group Inc. (NASD:ECPG) will replace Integral Systems Inc. (NASD:ISYS) in the S&P SmallCap 600 index after the close of trading on Wednesday, July 27.  S&P 500 constituent Comerica Inc. (NYSE:CMA) is acquiring Sterling Bancshares, and S&P TMI constituent Kratos Defense & Security Solutions Inc. (NASD:KTOS) is acquiring Integral Systems in deals expected to be completed on or about that date pending final approvals. Standard & Poor's will monitor these transactions, and post any relevant updates on its website: Financial Engines provides portfolio management services. Headquartered in Palo Alto, CA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Asset Management & Custody Banks Sub-Industry index. Encore Capital Group engages in distressed consumer debt buying and recovery. Headquartered in San Diego, CA, the company will be added to the S&P SmallCap 600 GICS Specialized Finance Sub-Industry index. Following is a summary of the changes: S&P SMALLCAP 600 INDEX  ? July 27, 2011COMPANYGICS ECONOMIC SECTORGICS SUB-INDUSTRYADDEDFinancial EnginesFinancialsAsset Management & Custody BanksEncore Capital GroupFinancialsSpecialized FinanceDELETEDSterling BancsharesFinancialsRegional BanksIntegral SystemsInformation TechnologyIT Consulting & Other ServicesFor more information about S&P Indices, please visit About S&P IndicesS&P Indices, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit more information contact:David M. Blitzer, Ph.D. Managing Director & Chairman of the Index Committee (212) 438-3907SOURCE Standard & Poor's