Standard & Poor's has announced two changes to the S&P SmallCap 600 index involving companies in the real estate and thrift industries.Guaranty Financial Group Inc., Austin, Texas, will replace Ashworth Inc. in the index after the close of trading on Dec. 28. Guaranty Financial operates a federally chartered savings bank and an insurance company. In addition, Forestar Real Estate Group, an Austin-based real estate investment and development company, will replace MIVA Inc. in the index after the close of trading on Dec. 28. Both Guaranty Financial and Forestar are being spun off by Temple-Inland Inc., an Austin-based manufacturer of paper and building materials. S&P can be found online at http://www.standardandpoors.com.
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