NEW 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: www.standardandpoors.com.
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, 2011
GICS ECONOMIC SECTOR
Asset Management & Custody Banks
Encore Capital Group
IT Consulting & Other Services
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S&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 www.standardandpoors.com/indices.
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Managing Director & Chairman of the Index Committee
SOURCE Standard & Poor's