therealdeal.com – Real estate investment trusts had a bit of a rough year despite the surge in the wider market, but a change in policy at the S&P; 500 and MSCI are likely to provide a tailwind for the firms in 2016.
The two stock indices are planning to separate real estate securities from those of banks and insurance companies, creating a new industry sector.
The S&P; 500 currently has 10 sectors. Real estate stocks – currently 25 companies – make up about 2.6 percent of market value, making it the second smallest sector after telecommunications as of Nov. 30, the Wall Street Journal reported.
Categories: Real Estate