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MSCI Barra and Standard & Poor’s, the leading providers of global indices and benchmark-related products and services, announced today the results of their annual review of the Global Industry Classification Standard (GICS®). The review is intended to ensure that the GICS structure continues to appropriately represent the global equity markets and, thereby, enables asset owners, asset managers and investment research specialists to make consistent global comparisons by industry. The GICS revision is the result of a consultation with members of the global investment community. Changes include renaming one Industry Group, creating one new Industry and eight new Sub-Industries. Changes also include discontinuing one Sub-Industry, and making name, code and definition changes to others.
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