Additions of Bright Horizons and Remitly Global to SmallCap 600 on May 14
Effective May 14, 2026, S&P Dow Jones Indices will add Bright Horizons Family Solutions and Remitly Global to the S&P SmallCap 600, replacing Tri Pointe Homes and Apellis Pharmaceuticals following pending acquisitions. The reconstitution could affect licensing fees and fund tracking adjustments for S&P Global’s index-based products.
1. Index Changes Announced
S&P Dow Jones Indices will implement changes to the S&P SmallCap 600 effective before trading on May 14, 2026, adding two companies and removing two following the completion of pending acquisitions.
2. Details of Additions and Deletions
Bright Horizons Family Solutions will replace Tri Pointe Homes after its acquisition by Sumitomo Forestry Group, and Remitly Global will replace Apellis Pharmaceuticals pending completion of Biogen’s takeover.
3. Impact on S&P Global’s Index Business
These quarterly reconstitutions require fund managers and ETF issuers tracking the SmallCap 600 to adjust holdings, supporting licensing fee revenue for S&P Global’s index division and driving modest trading volumes around the rebalance.