®The Global Industry Classification Standard (GICS) structure is being revised, as part of the annual review of MSCI and S&P Dow Jones Indices, and some sector level indices will be discontinued, added or renamed.
After a transition period at the end of August/mid-September (depending on the index supplier), there will be 11 Sectors, 24 Industry Groups, 68 Industries and 157 Sub-Industries in GICS. The headline changes include a new Real Estate Sector; methodology changes for Internet Retail and Catalog Retail; and new Sub-Industries for Copper & Financial Exchanges & Data.
Why is this needed?
These changes give a structure that more closely resembles economic activity. For example, the Catalog Retail sub-industry is being discontinued to reflect a blurred distinction between online and catalog retailers. A new Real Estate sector reflects its significance in the global economy, and a Copper sub-industry has been created because of the growing importance of this metal in many different industries.
Managing the transition
RIMES has been liaising with all data partners to ensure a straightforward transition. We are proactively communicating and coordinating any necessary changes to our clients’ feeds, including changes to index codes and index names.
What other resources are available to me?
The RIMES Benchmark Data Service® is designed to enable clients to efficiently and effectively prepare for these change events across multiple index providers. For further information, please refer to our factsheet.
If you have any questions about these changes, or how we can help you to manage your data, please contact us.
The content provided in these articles is intended solely for general information purposes, and is provided with the understanding that the authors and publishers are not herein engaged in rendering regulatory or other professional advice or services. Consequently, any use of this information should be done only in consultation with qualified legal counsel. The information in these articles was posted with reasonable care and attention. However, it is possible that some information in these articles is incomplete, incorrect, or inapplicable to particular circumstances or conditions. We do not accept liability for direct or indirect losses resulting from using, relying or acting upon information in these articles.
- As Asset Managers Spend Big on ESG, Data Management and Governance Will be Key
- RIMES and SOTERIA successfully complete initial product integration to create the first unified Market Manipulation and Insider Dealing Detection service
- [UPDATE] RIMES Technologies Corporation Response to COVID-19 (Coronavirus)
- Understanding ETF Risk Exposure in a Time of Crisis
- Index Rebalancing Schedules Are Being Rewritten – Here’s How to Keep Track