NEW YORK – Sept. 2, 2016 – Real estate companies have been included in a category with banks and insurance firms since 1999 in stock markets across the globe. But that soon will change. Real estate is getting its own dedicated category.
The Wall Street Journal reports that the move likely will prompt analysts to pay closer attention to real estate investment trusts.
The Global Industry Classification Standard separates companies into 10 industries, like energy and health care. The groupings allow investors to follow broad trends. But the new category for real estate will now make number 11 in the groupings.
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