S&P Dow Jones and MSCI Inc. announced earlier this year the creation of a new Real Estate Sector under the Global Industry Classification Standard (GICS®) structure. Real Estate, previously a sub-sector under Financials, now forms the 11th GICS® Sector (from 10) after the New York close on 31 August 2016. The GICS® structure is also used to classify stocks on SGX StockFacts.
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