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An Index Reshuffle Could Rip The FANGs Out Of Your ETFs

TedTed
in The Bullpen
FYI: Watch out, FANG lovers. Some of your favorite stocks are poised to be recategorized, potentially removing them from exchange-traded funds that have held them for years.

S&P Global Inc. and MSCI Inc., two of the world’s biggest index providers, plan to overhaul their industry classifications, merging some internet and media stocks with phone companies into a group called “communication services.” It would replace the existing telecommunication sector.
Regards,
Ted
https://www.bloomberg.com/news/articles/2017-11-16/yanking-out-your-fangs-index-industry-switch-could-reorder-etfs
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