Synchrony Financial To Replace Genworth Financial In S&P 500

(RTTNews) - Synchrony Financial (SYFwi) will replace Genworth Financial Inc. (GNW) in the S&P 500, Genworth Financial will replace Rovi Corp. (ROVI) in the S&P MidCap 400, and Rovi will replace Penn Virginia Corp. (PVA) in the S&P SmallCap 600 after the close of trading on Tuesday, November 17.

S&P 100 & 500 constituent General Electric Co. (GE) is splitting off its approximately 85% holding in Synchrony Financial in an exchange offer expected to be completed soon, pending final conditions. Post split-off, General Electric will remain in the S&P 100 and 500 indices.

Penn Virginia is ranked at the bottom of the S&P SmallCap 600.