UnitedHealth Group Inc. Set to Join the Dow Jones Industrial Average
NEW YORK, Sept. 14, 2012 /PRNewswire/ -- UnitedHealth Group Inc. (NYSE: UNH) will replace Kraft Foods Inc. (NASD: KFT) in the Dow Jones Industrial Average (DJIA) after the close of trading on Friday, September 21, and the change will be effective with the opening of trading on Monday, September 24. The index change was prompted by Kraft Foods' plan to spin-off its North American grocery business, to be named Kraft Foods Group, Inc. on Oct. 1, 2012. Following the spin-off, Kraft Foods Inc. will be renamed Mondelez International, Inc. The Dow Jones Averages Index Committee believes that Mondelez's reduced market capitalization and projected lower percentage of revenue generated from the U.S. makes the company less representative of the U.S. Large Cap market space.
UnitedHealth Group, headquartered in Minnetonka, MN, is a diversified health care services company that provides health care coverage and benefits services to tens of millions of individuals across the U.S., and information and technology-enabled health services. The Index Committee believes the addition of UnitedHealth Group brings added health care diversification to the Dow Jones Industrial Average, and reflects the growing importance of health care spending in the U.S. economy.
The changes won't cause any disruption in the level of the Index. The divisor used to calculate the DJIA from its components' prices on their respective home exchanges will be changed prior to the opening on September 24. This procedure prevents any distortion in the DJIA's reflection of the U.S. stock market.
For more information, see the web site of Dow Jones Indexes at http://www.djaverages.com. The Dow Jones Transportation Average, Dow Jones Utility Average and Dow Jones Composite Average also are members of the Dow Jones Averages family.
Additions to and deletions from the Dow Jones Industrial Average do not in any way reflect an opinion on the investment merits of the companies involved.
Following is a summary of the change:
DOW JONES INDUSTRIAL AVERAGE – Sept. 21, 2012 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
United Health Group |
Health Care |
Managed Health Care |
DELETED |
Kraft Foods |
Consumer Staples |
Packaged Foods & Meats |
S&P Dow Jones Indices will host a teleconference call at 9:30 am New York time to discuss the change.
Participant Information:
Live-Dial-In-Numbers:
US/Canada/All Others Toll Free: 1-866-803-2143 & Toll: 1-210-795-1098
Country |
Toll Numbers |
Toll Free Number |
AUSTRALIA |
61-2-8205-8110 |
1-800-204-161 |
FRANCE |
33-1-70-70-62-76 |
080-510-0831 |
GERMANY |
49-69-2222-7228 |
0800-000-1654 |
UNITED KINGDOM |
44-20-7108-6248 |
0800-279-3953 |
Conference ID#: 1419775
Passcode: INDICES
Live Streaming: (Audio Only)
To join the event:
URL: http://event.on24.com/r.htm?e=516927&s=1&k=CDE05146EC7052F092C04CDD083B3E61
Replay Information:
Replay Numbers:
U.S./Canada toll free #: 1-866-373-1984
U.S./Canada/All others toll #: 1-203-369-0260
Replay will expire on Friday, September 21, 2012
About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a subsidiary of The McGraw-Hill Companies, Inc., is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average(SM), S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of institutional and retail investors. More assets are invested in products based upon our indices than any other provider in the world. With over 830,000 indices covering a wide range of assets classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.
Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"), a subsidiary of The McGraw-Hill Companies, Inc. Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.
SOURCE S&P Dow Jones Indices
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