Real estate became its own equity sector within the GICS classification of the S&P 500 as of the market close on August 31^st, 2016. It was promoted from its current position as an industry group within the financials sector. This will be the first new sector established since the GICS classifications were created in 1999.

This sector change only impacts Swan’s investment products/funds that utilize the SPDR Select Sectors.

What will this mean for our equal-weight sector approach within our S&P 500 DRS?

Why are we not just adopting real estate as another sector and making each sector equally weighted at 10% each?