As further evidence that real estate is fast becoming the fourth major institutional asset class, S&P has announced that it will create a new sector for the industry.
“S&P Dow Jones Indices, a leading provider of financial market indices, and MSCI Inc., a leading provider of investment decision support tools worldwide, announced today that as a result of their annual review of the Global Industry Classification Standard (GICS®) structure, a new Real Estate Sector is being created, elevating its position from under the Financials Sector and bringing the number of GICS Sectors to 11. Additionally, a new Sub-Industry for Copper is being created. The changes are being considered for implementation after the market close (ET) on August 31, 2016.”
The decision comes as institutional investors are increasingly reallocating capital away from other asset classes and to commercial real estate. To learn more, visit:
https://www.bloomberg.com/article/2014-11-10/aGu.vRSIL7eU.html
http://www.forbes.com/sites/maggiemcgrath/2014/11/11/sp-to-make-real-estate-its-11th-sector/
