FYI: (This is a follow-up article.)
On Friday, Sept. 28, the new GICS sector reclassifications, upon which S&P and MSCI base hundreds of indices, will finally be complete.
ETF.com has covered the impending changes extensively (read: "Changes Ahead For 24 Sector ETFs"). In short, the telecommunication services sector will expand and be renamed the communication services sector, into which will move Facebook (FB) and Alphabet (GOOGL), along with thousands of other companies currently in the information technology sector. Meanwhile, online marketplaces like eBay and Alibaba, previously classified as information technology, will move to consumer discretionary, joining Amazon (AMZN).
But what do all these changes really mean for investors' portfolios?
Regards,
Ted
https://www.etf.com/sections/features-and-news/how-sector-changes-impact-portfolios?nopaging=1
