REITs Will Be Separate GICS® Sector

17-Nov-2014

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An eternal optimist, Liu-Yue built two social enterprises to help make the world a better place. Liu-Yue co-founded Oxstones Investment Club a searchable content platform and business tools for knowledge sharing and financial education. Oxstones.com also provides investors with direct access to U.S. commercial real estate opportunities and other alternative investments. In addition, Liu-Yue also co-founded Cute Brands a cause-oriented character brand management and brand licensing company that creates social awareness on global issues and societal challenges through character creations. Prior to his entrepreneurial endeavors, Liu-Yue worked as an Executive Associate at M&T Bank in the Structured Real Estate Finance Group where he worked with senior management on multiple bank-wide risk management projects. He also had a dual role as a commercial banker advising UHNWIs and family offices on investments, credit, and banking needs while focused on residential CRE, infrastructure development, and affordable housing projects. Prior to M&T, he held a number of positions in Latin American equities and bonds investment groups at SBC Warburg Dillon Read (Swiss Bank), OFFITBANK (the wealth management division of Wachovia Bank), and in small cap equities at Steinberg Priest Capital Management (family office). Liu-Yue has an MBA specializing in investment management and strategy from Georgetown University and a Bachelor of Science in Finance and Marketing from Stern School of Business at NYU. He also completed graduate studies in international management at the University of Oxford, Trinity College.







From Horan Capital Advisors Blog,

http://disciplinedinvesting.blogspot.com/2014/11/reits-will-be-separate-gics-sector.html

Earlier this week S&P Dow Jones Indices, along with MSCI, announced real estate investment trusts (REITs) will be separated into their own sector under the Global Industry Classification Standard (GICS®). The current REITs contained within the S&P 500 Index are noted in the below spreadsheet.

This change will increase the number of GICS sectors to eleven from the current ten. In a post on S&P’s website they note,

“Real Estate, previously part of the GICS financial sector, will be the 11th sector while the financials will now be limited to financial services such as banking, insurance or exchanges. This is the first time since GICS was launched in 1999 that a new sector is being added.”

The changes to the indices are anticipated to be implemented after the market close on August 31, 2016; however, final details will be announced by March 13, 2015.

REITs S&P : REITs
1
Ticker Name
2
AIV APARTMENT INVT & MGMT CO
3
AMT AMERICAN TOWER REIT
4
AVB AVALONBAY COMMUNITIES INC
5
BXP BOSTON PROPERTIES INC
6
CBG CBRE GROUP INC CL A
7
CC CROWN CASTLE INTL CORP
8
EQR EQUITY RESIDENTIAL
9
ESS ESSEX PPTY TRUST INC
10
GGP GENERAL GROWTH PROPERTIES INC
11
HCN HEALTH CARE REIT INC
12
HCP HCP INC
13
HST HOST HOTEL & RESORTS INC.
14
IRM IRON MOUNTAIN INC (DE)
15
KIM KIMCO REALTY CORP
16
MAC MACERICH CO
17
PCL PLUM CREEK TIMBER CO INC
18
PLD PROLOGIS INC
19
PSA PUBLIC STORAGE
20
SPG SIMON PROPERTY GROUP INC
21
VNO VORNADO REALTY TRUST
22
VTR VENTAS INC
23
WY WEYERHAEUSER CO

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