The new GICS Communication Services sector
categories: Indexes, Americas, EMEAI, Asset Allocation and Asset Liability Management, Investing (Investment Management), Portfolio Construction and Optimization, Asia Pacific, Asset Owners, Hedge Funds, Equities, Asset Pricing and Valuation, Research Paper, Asset Managers (Quant or Fundamental), DABAKE Neeraj, FELDMAN Craig, general
We detail the biggest-ever structural change to the Global Industry Classification Standard (GICS) in terms of market capitalization impact: the Telecommunication Services sector being broadened significantly and renamed Communication Services. This reflects the fact that the way people communicate, share information and entertain themselves – and the way companies have responded to this new dynamic – is significantly and fundamentally different as a result of the rapid convergence between technology, media and telecom. The GICS changes will be implemented in the MSCI Indexes starting from the November 2018 Semi-Annual Index Review.