FYI: Six months ago, the investment community was preparing for a major shakeup in sector classifications as the indexes behind popular sector funds were changing and mega-cap companies such as Alphabet, Comcast, Facebook and Netflix were shifting to communications services under a sector revamp of the Global Industry Classification Standard (GICS).
With the benefits of hindsight, we can ascertain how ETF investors responded and whether they better understand what they own.
Regards,
Ted
https://www.etf.com/sections/blog/gics-sector-changes-revisited?nopaging=1
