S&P Dow Jones Indices Announces Update to S&P Composite 1500 Market Cap Guidelines
S&P Dow Jones Indices has updated the market capitalization eligibility criteria for the S&P Composite 1500 Indices as of March 4, 2022. The new thresholds are now set at US$ 14.6 billion or more for the S&P 500, US$ 3.7 billion to US$ 14.6 billion for the S&P MidCap 400, and US$ 850 million to US$ 3.7 billion for the S&P SmallCap 600. These criteria will be reviewed quarterly to align with market conditions. Notably, these changes affect new additions to the indices, not existing constituents.
- Updated market capitalization criteria may enhance index accuracy and reflect economic conditions.
- Criteria adjustments are reviewed quarterly, ensuring they remain relevant.
- Increased minimum market cap for S&P 500 from US$ 13.1 billion to US$ 14.6 billion may limit future additions.
NEW YORK, March 4, 2022 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") is updating the market capitalization eligibility criteria for new additions to the S&P Composite 1500 Indices. Effective today, the size ranges will be updated as follows.
Previous Market Capitalization Eligibility Criteria | New Market Capitalization Eligibility Criteria |
Unadjusted company market capitalization of: - US - US - US | Unadjusted company market capitalization of: - US - US - US |
In consideration of overall market conditions, the Index Committee believes a minimum threshold of
As a reminder, the market capitalization eligibility criteria are for addition to an index, not for continued membership. As a result, an index constituent that appears to violate criteria for addition to that index is not removed unless ongoing conditions warrant an index change.
A history of market cap ranges dating back to 2007 can be found in Appendix A of the U.S. Indices methodology. The document will be updated soon to reflect the change. Please visit our website www.spdji.com for further details.
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 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.
FOR MORE INFORMATION:
S&P Dow Jones Indices
index_services@spglobal.com
Media Inquiries
spdji.comms@spglobal.com
View original content:https://www.prnewswire.com/news-releases/sp-dow-jones-indices-announces-update-to-sp-composite-1500-market-cap-guidelines-301496156.html
SOURCE Standard & Poor's
FAQ
What are the new market capitalization criteria for the S&P 500 as of March 2022?
How often are the market capitalization criteria for S&P Indices reviewed?
What are the new S&P MidCap 400 market cap requirements?
What is the market cap threshold for the S&P SmallCap 600 after the update?
