Every now and then, there is something to stoke the fires of indexing nerds. This year's fire starter, albeit already known, could be the addition of real estate as the eleventh member of the Global Industry Classification Standard (GICS) group.
Real estate's separation from the financial services sector explains why the Real Estate Select Sector SPDR Fund (The) (NYSE: XLRE) came to market late last year, though the popular Financial Select Sector SPDR Fund (NYSE: XLF) will maintain its exposure to real estate stocks after the group becomes its own sector.
Finally It's Own Sector
Real estate becoming its own sector is impactful for dividend investors.
“According to Howard Silverblatt, an index analyst with S&P Dow Jones Indices, on a pro-forma basis as of March 8, the elevation of REITs within the ...
/www.benzinga.com/trading-ideas/long-ideas/16/03/7665207/reit-etfs-ready-for-sector-status alt=REIT ETFs Ready For Sector Status>Full story available on Benzinga.com
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