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[$$] Tech Investors Prepare to Say Goodbye to Facebook, Google

Index providers S&P Dow Jones Indices and MSCI are officially creating a new communication-services sector to replace telecom, the smallest of the index’s 11 segments. As part of this shift, providers of exchange-traded funds need to rebalance the stocks in their sector ETFs while selling the stocks that are moving to new sectors. Facebook Inc., for example, now comprises 5.8% of State Street’s $23 billion Technology Select Sector SPDR ETF but will have to be sold as the social media giant moves into the communication-services sector.