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S&P 500 REBALANCING APPROACHES

As we approach the quarterly rebalancing of the S&P 500 .SPX index, S&P Dow Jones Indices' senior index analyst Howard Silverblatt laid down preliminary calculations about how that might play out.

According to data calculated as of Dec. 6 close, the materials sub-sector .SPLRCM is expected to shed close to 0.5% in market value, the biggest percentage loss among the major sub-sectors, amounting to a near $5 billion change. Information technology .SPLRCT, which accounts for more than 32% of the index, is set to lose 0.2% in market value, amounting to close to $29 billion.

Real estate .SPLRCR and utilities .SPLRCU are the only two of the 11 major indexes set to increase their presence in the index, set to add a combined more than $7 billion.

On the whole, the S&P 500, which has a market value of more than $51 trillion, is expected to see a 0.188% change, equaling more than $97 billion.

Apollo Global Management APO.N and Workday WDAY.O are set to be the new additions to the benchmark index, replacing Qorvo QRVO.O and Amentum Holdings AMTM.M.

The rebalancing will be effective before trading commences on 23th December and final calculations will be based on data as of the closing values as of Dec. 20.

(Shashwat Chauhan)

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