NEW YORK, Oct. 18, 2021 /PRNewswire/ -- S&P Dow Jones
Indices (S&P DJI), a leading provider of financial market
indices, and MSCI Inc. (MSCI), a leading provider of research-based
indexes and analytics have decided to consult with members of the
investment community on potential changes to the GICS structure in
2022.
The review is intended to ensure that the GICS structure is
reflective of today's markets and continues to be an accurate and
complete industry framework.
The consultation begins on October 18,
2021 and ends on December 20,
2021. Any changes to the GICS structure will be announced by
February 2022. This consultation may
or may not result in any changes to the GICS structure.
Key highlights of this consultation are potential changes to the
classification of renewable energy companies and retailers within
the GICS framework. In addition, the consultation covers potential
changes for Data Processing & Outsourced Services, Banks and
Thrifts & Mortgage Finance, REITs, Transportation, and an
update in the GICS definition for cannabis.
Full details of these proposals can be found in the
Consultation on Potential Changes to the Global Industry
Classification Standard (GICS®) Structure in 2022 document
accessible on the S&P DJI and MSCI websites at
www.spglobal.com/spdji/en/governance/consultations/ and
www.msci.com/index-consultations, respectively.
For a detailed description of GICS, please refer S&P DJI's
website at www.spdji.com or MSCI's website at
www.msci.com/gics.
MODE OF CONSULTATION
There are two options for participating in this year's
consultation:
- Click on the below links to participate in the online
survey
• S&P DJI:
https://www.spglobal.com/spdji/en/governance/consultations/mr47787/
• MSCI: https://www.msci.com/consultation-gics
- Contact one of the following email addresses with your
feedback
MSCI: clientservice@msci.com
• S&P Dow Jones
Indices: index_services@spglobal.com
• Contact MSCI or S&P Dow Jones Indices' Account
Manager or Representative
About S&P Dow Jones Indices
S&P Dow Jones
Indices is the largest global resource for essential index-based
concepts, data and research, and home to iconic financial market
indicators, such as the S&P 500® and the Dow Jones
Industrial Average®. More assets are invested in
products based on our indices than products based on indices from
any other provider in the world. Since Charles Dow invented the first index in 1884,
S&P DJI has been innovating and developing indices across the
spectrum of asset classes helping to define the way investors
measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE:
SPGI), which provides essential intelligence for individuals,
companies, and governments to make decisions with confidence. For
more information, visit www.spdji.com.
For more information:
S&P Dow Jones Indices
Index Services
index_services@spglobal.com
About MSCI
MSCI is a leading provider of critical decision support tools
and services for the global investment community. With over 50
years of expertise in research, data and technology, we power
better investment decisions by enabling clients to understand and
analyze key drivers of risk and return and confidently build more
effective portfolios. We create industry-leading research-enhanced
solutions that clients use to gain insight into and improve
transparency across the investment process. To learn more, please
visit www.msci.com.
Media Inquiries: PR@msci.com
Sam Wang +1 212
804 5244
Melanie Blanco +1 212 981 1049
Laura Hudson +44 20 7336 9653
MSCI Global Client Service
EMEA Client
Service + 44
20 7618.2222
Americas Client Service +1 888 588 4567
(toll free)
Asia Pacific Client Service + 852 2844 9333
NOTICE AND DISCLAIMER
This document has been prepared by MSCI and S&P Dow Jones
Indices LLC solely for informational purposes. All of the
information contained herein, including without limitation all
text, data, graphs, charts (collectively, the "Information") is the
property of MSCI, S&P Dow Jones Indices, or their respective
affiliates. The Information may not be reproduced or redisseminated
in whole or in part without prior written permission from MSCI and
S&P Dow Jones Indices.
None of the proposals or alternatives set forth herein has been
adopted by MSCI, S&P Dow Jones Indices or Standard & Poor's
Financial Services LLC ("S&P"), an affiliate of S&P Dow
Jones Indices, and there is no assurance that they may be
considered or adopted, in whole or in part, by any such party.
The Information may not be used to create derivative works or to
verify or correct other data or information. For example (but
without limitation), the Information may not be used to create
indices, databases, risk models, analytics, software, or in
connection with the issuing, offering, sponsoring, managing or
marketing of any securities, portfolios, financial products or
other investment vehicles utilizing or based on, linked to,
tracking or otherwise derived from the Information.
The user of the Information assumes the entire risk of any use
it may make or permit to be made of the Information. NEITHER MSCI,
S&P DOW JONES INDICES, S&P, NOR ANY OF THEIR RESPECTIVE
AFFILIATES MAKES ANY EXPRESS OR IMPLIED WARRANTIES OR
REPRESENTATIONS WITH RESPECT TO THE INFORMATION (OR THE RESULTS TO
BE OBTAINED BY THE USE THEREOF). TO THE MAXIMUM EXTENT PERMITTED BY
APPLICABLE LAW, MSCI, S&P DOW JONES INDICES, S&P AND THEIR
RESPECTIVE AFFILIATES EXPRESSLY DISCLAIM ALL IMPLIED WARRANTIES
(INCLUDING, WITHOUT LIMITATION, ANY IMPLIED WARRANTIES OF
ORIGINALITY, ACCURACY, TIMELINESS, NON-INFRINGEMENT, COMPLETENESS,
MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE) WITH RESPECT
TO ANY OF THE INFORMATION.
Without limiting any of the foregoing and to the maximum extent
permitted by applicable law, in no event shall MSCI, S&P Dow
Jones Indices, S&P or any of their respective affiliates have
any liability regarding any of the Information for any direct,
indirect, special, punitive, consequential (including lost profits)
or any other damages even if notified of the possibility of such
damages.
Information containing any historical information, data or
analysis should not be taken as an indication or guarantee of any
future performance, analysis, forecast or prediction. Past
performance does not guarantee future results.
None of the Information constitutes an offer to sell (or a
solicitation of an offer to buy), any security, financial product
or other investment vehicle.
The Information does not, and is not intended to, recommend,
endorse, approve or otherwise expresses any opinion regarding any
issuer, security, financial product or trading strategy and none of
the Information is intended to constitute investment advice or a
recommendation to make (or refrain from making) any kind of
investment decision and may not be relied on as such.
The Global Industry Classification Standard (GICS) was developed
by and is the exclusive property of MSCI and S&P. "Global
Industry Classification Standard (GICS)" is a service mark of MSCI
and S&P.
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SOURCE S&P Dow Jones Indices