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, contact firstname.lastname@example.org.