S&P 500 soon to have 505 listed shares


NEW YORK Aug 10 The Standard Poor’s 500 will
soon contain 505 listed stocks, up from the current 502 listed
stocks.

SP Dow Jones Indices, which oversees the benchmark index of
large U.S. stocks, on Monday announced a methodology change that
will cause three more companies to have multiple listings:
Comcast Corp, News Corp and Twenty-First
Century Fox Inc.

The change follows a move made in January to allow multiple
share classes in SP indexes. It will take effect after the
close of trading on Sept. 18, to coincide with a quarterly
rebalancing.

Google Inc. and Discovery Communications
Inc. already are represented by two share
class lines each in the SP 500 index.

Warren Buffett’s Berkshire Hathaway Inc, which also
has two share classes, is an exception because its Class A
shares are not heavily traded, and only its Class B shares
are reflected in the index.

(Reporting by Jonathan Stempel and Caroline Valetkevitch;
Editing by Chris Reese)