S&P Updates Index Market Cap Guidelines

Effective today, the new guidelines are:

• S&P 500– $4 billion or greater
• S&P MidCap 400– $1.0 billion to $4.5 billion
• S&P SmallCap 600– $250 million to $1.5 billion

“Standard & Poor’s feels that the new market cap ranges for its U.S. indices are appropriate, based on our review of recent market activity, comments from index users and the current U.S. market cap distribution,” says David Blitzer, Managing Director and Chairman of the Index Committee. The guidelines refer to a company’s total market capitalization, not its float-adjusted cap.