S&P Adds Universal Technical Institute, Peloton to SmallCap 600 on May 27
SPGI•S&P Dow Jones Indices will add Universal Technical Institute and Peloton Interactive to the S&P SmallCap 600 on May 27, replacing Veris Residential and Enviri Corporation. These changes adjust index sector weightings by introducing two consumer discretionary names while exiting real estate and industrial constituents.
1. Index Composition Changes
Effective May 27, S&P Dow Jones Indices will update the S&P SmallCap 600 by adding Universal Technical Institute and Peloton Interactive and removing Veris Residential and Enviri Corporation. Universal Technical Institute and Peloton both fall under the consumer discretionary sector, while Veris Residential represented real estate and Enviri was classified in industrials.
2. Implications for S&P Global
As the owner of the indices, S&P Global may see shifts in licensing revenue and data fees driven by changes in assets under management tracking the S&P SmallCap 600. The addition of two higher-profile consumer discretionary names could boost usage by passive fund providers, marginally enhancing SPGI’s recurring index licensing stream.
