News and Announcements
Folkestone: A-REITs – Come of Age
- Published April 26, 2016 12:43PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
26th April 2016, Folkestone
Are real estate investment trusts (REITs) listed on stock exchanges around the world just another part of the financials sub-sector of the equities market or their own legitimate sector?
According to Standard & Poor’s (S&P), the global keeper of the equity market classifications, known as the Global Industry Classification Standard (GICS), REITs are finally being recognised as their own sector. The GICS system seeks to offer an efficient investment tool to capture the breadth, depth and evolution of industry sectors listed on global stock exchanges.
Recently, it was announced by S&P that a new Real Estate Sector is being created, elevating its position (currently classified under the Financials Sector) to its own legitimate sector and bringing the number of global GICS Sectors to 11.
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