June 5, 2023
Reminder: S&P Quarterly Rebalance Coming Soon
The S&P Dow Jones recently announced its latest quarterly rebalance, which becomes effective in about two weeks – at market open on Tuesday, June 20th. The rebalance includes changes to the S&P 500 as well as the S&P MidCap 400, and the S&P SmallCap 600 indices.
While only a handful of companies are affected by these rebalancings each quarter, it’s a reminder that index inclusion (or exclusion) can impact the voting & investment policies that apply to a company. So, if your company is on the cusp of any index, there are many reasons to monitor that and keep your team apprised of whether you are now subject to different policies. This blog has more detail on what drives turnover.
– Liz Dunshee