New Sector Joining S&P 500 Index – Equity Markets Update

Max Smith, CFP®, CIMA® | Kent Forsey, CFP® Equity Markets, Global Industry Classification Standard, REITs, S&P 500

For the first time since the launch of Global Industry Classification Standard (GICS) in 1999, a new headline sector has been added to the S&P 500 Index.  Equity REITs was added as the 11th sector by MSCI and S&P Dow Jones as part of their annual index rebalancing on September 16, 2016.  This designation as a standalone class shows the …