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Investors Pour Money Into This ETF Ahead of Index Reorganization: (XLC)

TedTed
in The Bullpen
FYI: (This is a follow-up article.)

Investors are starting to shift their cash to maintain exposure to some big tech names like Facebook Inc., Google parent Alphabet Inc. and Netflix Inc. before indexers reclassify the stocks.

State Street Corp.’s Communication Services Select Sector SPDR Fund, or XLC, took in $135 million last week, the most since the exchange-traded fund was launched in June. Last November, S&P Global Ratings and MSCI Inc., two of the world’s biggest index providers, announced that they were reorganizing sectors by combining phone companies with some internet and media stocks -- such as Facebook and Netflix -- into a new group called “communication services.”
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-09-18/investors-pour-money-into-this-etf-ahead-of-index-reorganization?srnd=etfs

M* Snapshot XLC:
https://www.morningstar.com/etfs/arcx/xlc/quote.html
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