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retiredcfon Mar 09, 2016 1:15pm
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BNN Morning Newsletter
BNN Morning NewsletterExtract from today's edition. GLTA
In other news, watch Canadian and North American REITs. Between now and Sept. 16, there will be much discussion about the creation of a new GIC (global industry classification) for this particular sector that is currently found within financials. This is important to money managers who weight their portfolios according to index weightings. Many managers who are, say, fully weighted in financials, are likely underweight REITs and will want to adjust accordingly. REITs represent about 5.3% of the TSX Composite and 2.93 per cent of the S&P 500.