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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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
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