The S&P Dow Johnson Indices and MSCI introduced today that consequently of the annual overview of the worldwide Industry Classification Standard (GICS) structure, a brand new Real Estate Sector has been produced, raising its position from underneath the Financials Sector and getting the amount of GICS Industries to 11. Furthermore, a brand new Sub-Niche for Copper has been produced. The alterations are now being considered for implementation following the market close on August 31, 2016.
Property has been moved from underneath the Financials Sector and being marketed to the own Sector underneath the code 60. Real Estate Investment Trusts Market is being re-named to Equity Investment Trusts (REITs), and excludes Mortgage REITs. Mortgage REITs stay in the Financials Sector within recently produced Industry and Sub-Industry known as Mortgage REITs.
Property has been moved from underneath the Financials Sector and being marketed to the own Sector underneath the code 60. Real Estate Investment Trusts Market is being re-named to Equity Investment Trusts (REITs), and excludes Mortgage REITs. Mortgage REITs stay in the Financials Sector within recently produced Industry and Sub-Industry known as Mortgage REITs.