In November 2014, the S&P Dow Jones Indices and MSCI, two of the largest providers of benchmarks for exchange-traded funds, said real estate would become the eleventh Global Industry Classification Standard (GICS) sector in August 2016.
And REIT Makes 11
Although that announcement is now a year-and-a-half old, there is still expected to be some benefit for real estate stocks and exchange-traded funds when real state officially becomes its own sector on August 31. That is good news for ETFs such as the Vanguard REIT Index Fund (NYSE: VNQ), the largest real estate ETF, and rivals such as the iShares Dow Jones US Real Estate (ETF) (NYSE: IYR) and the Schwab Dow Jones U.S. REIT Index ETF (Schwab Strategic Trust (NYSE: SCHR)).
The shift of real estate stocks to separate ...
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