FYI: Come September, real estate will become its own sector under the Global Industry Classification Standard (GICS).
That will be the first time a new sector is added to GICS since it was created in 1999, and investors who own financials ETFs linked to either an S&P or an MSCI index will see changes to their portfolios. Currently, real estate companies and REITs are part of the financial sector.
We asked ETF strategists whether the upcoming change is good for investors and for portfolio construction. Here’s what they had to say:
Regards,
Ted
http://www.etf.com/sections/features-and-news/reit-round-table?nopaging=1