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Ace shares gain 5% on return to S&P 500
12 July 2010
Global specialty insurer Ace added 5 percent to its share price in trading on Friday (9 July), as the stock was buoyed by the announcement that it would rejoin the Standard & Poor's (S&P) 500 share index.
Ace was dropped from the S&P 500 in 2008 when it redomiciled from the Cayman Islands to Switzerland.
The S&P 500 is a share index tracking the prices of 500 large-cap common stocks actively traded in the US. It is the index most...
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