June 30 2016
On Thursday, 1 September 2016, the newly created Real Estate sector will begin recording its first set of trades.
REITs (Real Estate Investment Trusts) are the most widely used and globally acceptable form of listed Real Estate and they will be among those assets which will form part of the historic carve-out.
Let’s examine the change that is coming, how it will effect popular indices and then at how this notable event provides a meaningful boost for REIT investments.
If you haven’t heard of GICS (Global Industry Classification Standard), you are most likely not alone.
The last time this industry taxonomy, developed by MSCI and Standard & Poor's (S&P), made any changes to their structure was in 1999 - when it was first developed.
This structure consists of 10 sectors, 24 industry groups, 67 industries and 156 sub-industries into which all major listed companies have been categorised.
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