Just as the FRANdex had started showing signs of recovery in the previous quarter, the rise in take-private PE acquisitions created dents to the index performance in Q3-2018. FRANdex underperformed both the broad indices. While the S&P 500 rose by 4.8%, Russell 500 declined by 3.2%; in the same period FRANdex declined by 5.1% q-o-q.
- New Brands: Realogy and Goosehead Insurance
- Delisted due to going private: La Quinta, Zoe’s Kitchen, Jamba Juice, Sonic Drive-In, these companies were taken private following acquisitions by PE investors
- Removed: Liberty Tax as of this publish date this brand has been delisted by NASDAQ following non-compliance issues.