Extended Viewer

The new GICS Communication Services sector

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.