FYI: State Street Global Advisors on Tuesday launched the Communication Services Select Sector SPDR Fund (XLC), an index-tracking exchange-traded fund aligned with the expanded telecommunication services sector that will soon include selected companies from the information technology and consumer discretionary sectors. As a result, the telcom sector will be renamed the communication services sector.
The changes, which go into effect at the close of business on September 21, were announced last year by S&P Dow Jones Indices and MSCI during their review of the Global Industry Classification Standards (GICS).
Regards,
Ted
https://www.fa-mag.com/news/state-street-announces-new-sector-etf--plans-to-rebalance-two-other-sector-etfs-39313.html?print
