S&P Dow Jones Indices, announced that the implementation date for the creation of a new Real Estate Sector under the Global Industry….
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Classification Standard (GICS®) structure is after the market close (ET) on August 31, 2016. A new Sub-Industry for Copper is also being created at that time.
The list of securities affected by these changes will be announced at a later date closer to the implementation, but with plenty of advance notice.
The changes to the GICS structure in 2016 are summarized below.
Real Estate Sector
Real Estate is being moved out from under the Financials Sector and being promoted to its own Sector under the code 60. The Real Estate Investment Trusts Industry is being renamed to Equity Real Estate Investment Trusts (REITs), and excludes Mortgage REITs. Mortgage REITs remain in the Financials Sector under a newly created Industry and Sub-Industry called Mortgage REITs.
Copper
A Copper Sub-Industry is being created in the Metals & Mining Industry. This change will be implemented along with the creation of the Real Estate Sector in 2016.
The new GICS structure, when implemented, will consist of 11 Sectors, 24 Industry Groups, 68 Industries and 157 Sub-Industries.
Source: ETFWorld.com
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