U.S. Markets closed

Peering Into the New Communications Services Sector

Todd Shriber

Last year, Standard & Poor's (S&P) and MSCI Inc., two of the largest providers of indexes for use by issuers of exchange-traded funds (ETFs), said that the telecommunications sector was getting a new look. S&P Dow Jones Indices confirmed Thursday that the Communication Services Select Sector Index, the first benchmark dedicated to the new communications services sector, is live. With telecom transforming to communications services, big changes are in store for the sector classifications of some big-name stocks as well as some well-known sector ETFs.