Real estate equities are to be reclassified next week in changes to global standards that are expected to attract billions in new investment to the sector. Under the Global Industry Classification Standard (GICS), real estate equities are currently subsumed under financials, but will be separated out from 1 September. Developed by MSCI and Standard & Poor's for use by global equity investors, the GICS consists of 10 sectors that will become 11 with the inclusion of real estate.
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