Gates Industrial To Join S&P SmallCap 600
Portfolio Pulse from Benzinga Newsdesk
Gates Industrial (GTES) will replace Abercrombie & Fitch (ANF) in the S&P SmallCap 600 index, effective before the market opens on Monday, July 22.
July 16, 2024 | 9:20 pm
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POSITIVE IMPACT
Gates Industrial (GTES) will be added to the S&P SmallCap 600 index, which could lead to increased visibility and potential inflows from index funds tracking the S&P SmallCap 600.
Inclusion in the S&P SmallCap 600 index often leads to increased visibility and demand from index funds, which can positively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Abercrombie & Fitch (ANF) will be removed from the S&P SmallCap 600 index, which could lead to decreased visibility and potential outflows from index funds tracking the S&P SmallCap 600.
Removal from the S&P SmallCap 600 index often leads to decreased visibility and demand from index funds, which can negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100