GICS
S&P/MSCI GICS Changes
It’s that time again when S&P and MSCI reevaluate the Global Industry Classification Standard (GICS) to determine if any changes are warranted. We have a more vested interest in these changes than most, as GICS is the backbone for our industry structure that feeds into the Group Selection (GS) Scores.
A Prehistory Of The Communication Services Sector
The new GICS Communication Services sector being introduced late-September will include members that add considerable buoyancy to the growth rates and valuation ratios of this traditionally defensive, high yield, slow growth industry. As a newly-invented sector, Communication Services has no financial history, and we felt it was important to fill that void.
A Phoenix Rises: The New Communication Services Sector
Herein we include an executive summary previewing our forthcoming, in-depth special report on September’s GICS sector changes. The full report, “A Prehistory of the Communication Services Sector” will be distributed soon.
GS Framework Changes Resulting From GICS Restructuring
The GICS changes result in the elimination of five groups from our GS framework, which brings the group universe count down to 115 from 120.
GICS Making Changes To Their Structure At Month’s End
GICS recently announced their first revision since June 30, 2010, which goes into effect on February 28th.
Less Is More: Refinements To Our GS Score Groups
Modest revisions were made to the industry groups that are evaluated by our GS Score framework. Driving objective was to make all groups more viable for investment consideration.
Expanded Global Groups Coverage: Improving Our Ability To Recognize Global Group Trends
In January we expanded our Global Group universe from 67 to 92 groups. We believe these modifications enhance our ability to identify and track important leadership trends, and allow us to target portfolio exposures with greater accuracy.
Update On Leuthold's Global Groups
Leuthold’s equity portfolios—and especially our global portfolio—have capitalized on the past few months’ surge in commodities and other basic industries.
Examining the Recent S&P/MSCI Global Industry Classification System (GICS) Changes
Standard & Poor’s/MSCI did their annual review of the GICs groups and made some changes...in a few cases adopting groups we had already established at The Leuthold Group and had been tracking for several years. This month’s “Of Special Interest” discusses the changes and presents our take on the new groups.
May S&P Index And Global Classification Changes
On May 1st, Standard and Poor’s implemented its changes in the Global Industry Classification System (GICS). Overall, we feel the changes are good.
Alert: Changes To The Global Industry Classification System
Each year, S&P and MSCI hold an annual review to make revisions that they believe will better enable their GIC System to most accurately reflect the sectors and industries most relevant to the equity investment community. Beginning on May 1st, a number of changes took place as a result of their annual review.
Changes In The Global Industry Classification Structure
On March 31, MSCI/S&P set a number of changes into effect. Many already outlined in our sector book Equity Strategies.
S&P 500 Components Realigned In Standardized Group Format
Check the new standardized industry groups in Leuthold’s Groups…..S&P will be phasing in the new groups in Q1 2000.
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