For the first time since its creation in 1999, the Global
Industry Classification Standard (GICS) has been updated to include an eleventh
category in the S&P 500: Real Estate. For over 15 years now, property
transactions have been included in the financial sector along with banking and
insurance, but as of September 16, real estate companies will be ranked on
their own scale. Several analysts believe this will spark an increase in the
attention investors pay to real-estate investment trusts.
This new classification is a token of recognition of the
real-estate sector growth; this summer proved to be the nation’s hottest
housing market in almost a decade! According to the European Public Real Estate
Association (ERPA), the real estate sector now accounts for 3.5% of the global
equities market with a market capitalization of $1.48 trillion.
Want to read more? Click Here: http://www.wsj.com/articles/real-estate-shares-to-get-own-sector-1472575152
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