Post by roi2020 on Oct 30, 2021 9:09:44 GMT
"While the current consultation covers seven areas, the proposed reclassifications of renewable energy companies and firms involved in data processing and outsourced services have the potential to affect ETF investors."
"S&P DJI and MSCI have proposed consolidating all types of energy producers and related equipment and service providers under the energy sector. The current GICS structure classifies conventional energy producers involved with oil, gas, consumable fuels, and related equipment under the energy sector, whereas companies that generate electricity using renewable as well as non-renewable sources are classified under the utilities sector."
"S&P DJI and MSCI have also proposed moving the data processing and outsourced services sub-industry from the information technology sector to the industrials sector. Some data processing and outsourced services companies, however, would be reclassified to the financials sector under a new transaction and payment processing services sub-industry."
Link
"S&P DJI and MSCI have proposed consolidating all types of energy producers and related equipment and service providers under the energy sector. The current GICS structure classifies conventional energy producers involved with oil, gas, consumable fuels, and related equipment under the energy sector, whereas companies that generate electricity using renewable as well as non-renewable sources are classified under the utilities sector."
"S&P DJI and MSCI have also proposed moving the data processing and outsourced services sub-industry from the information technology sector to the industrials sector. Some data processing and outsourced services companies, however, would be reclassified to the financials sector under a new transaction and payment processing services sub-industry."
Link