FYI: (This is a follow-up article.)
Today, Friday, Sept. 28, revisions to the Global Industry Classification Standard (GICS), an industrywide sector classification upon which dozens of ETFs are based, will finally take effect.
These changes, which we've reported on extensively, are the largest such change to the classification standard ever made. As such, dozens of GICS-based ETFs will require significant rebalancing to accurately reflect their benchmarks' new compositions.
Substantial ETF rebalances sometimes can result in hefty capital gains tax events for investors. Fortunately for investors, that isn't likely to happen to here.
Regards,
Ted
https://www.etf.com/sections/features-and-news/sector-shuffle-not-taxing-all?nopaging=1
