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GICS Reclassifies Away from Tech, Again

This chart description is for illustrative purposes only and its accuracy cannot be guaranteed. Please see full disclosures at end of PDF document in the web post. General description: Column chart showing S&P 500 sector weightings from Dec 31 2022 to Mar 31 2023. Chart subtitle: The Financials and Technology sectors were the most impacted by the latest GICS reclassification. Chart source: Bloomberg as of March 31, 2023. Chart visual description: Y-axis is labeled “S&P 500 Sector Weight” and ranges from 0% to 35%. X-axis shows each of the GICS categories: Comm. Svcs, Cons. Discr, Cons. Staples, Energy, Financials, Health Care, Industrials, Info. Tech., Materials, Real Estate, Utilities. Each category has a column in light blue for 12/31/2022 weighting, darker blue for 3/17/2023, green for 3/20/2023, and light green for 3/31/2023 showing weighting before and after reclassification. Financials and Info. Tech. categories are outlined with orange dashed rectangle to highlight. Chart data description: Most categories are relatively the same; as described in the write-up, however, Financials and Info. Tech. were both adjusted during reclassification. Financials’ weighting went from 11.66% as of 12/31 to 10.28% 3/17 to 13.02% 3/20 and is now at 12.91%. IT went from 25.74% 12/31 to 29.02% 3/17 to 25.76% 3/20 and is now at 26.08%. End chart description. See disclosures at end of document.
Posted on April 20, 2023April 20, 2023 Full size 1911 × 1033

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Published inGICS Reclassifies Away From Tech, Again

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