Learn More About the New GICS Structure

S&P's Global Industry Classification Standard (GICS) is a classification system that defines the industries and sectors of securities globally. Industrial structure changes overtime as new industries evolve and the GICS structure evolves along with these changes. S&P regularly reviews the GICS structure to see if any changes are needed. The annual review is intended to ensure that the GICS structure continues to allow asset managers and investment research specialists to make consistent global comparisons by industry.

In August 2016, two major equity index providers —MSCI and S&P Dow Jones Indices—will formally carve out real estate as the 11th equity sector within the Global Industry Classification Standard (GICS). Currently, real estate is classified as an industry group within the financials sector. The adoption of real estate as a headline sector into the GICS framework is recognition of the unique characteristics of commercial real estate companies, and the diversification value they offer to investors.

This change resulted from S&P's 2015 annual review of the classification system. The change increases the number of sectors from 10 to 11 and is the first sector change since the inception of the system in 1999. The change was effective on August 31, 2016. S&P, in cooperation with investment firms, assessed that Real Estate is now viewed as a distinct asset class and is increasingly being incorporated separately into the asset allocation strategies. As a result, the Real Estate Sector has been promoted to its own sector within the GICS structure.

The new Real Estate will include Real Estate Management & Development companies and Equity Real Estate Investment Trusts (REITS). Mortgage REITs, however, will remain in the Financial Sector. For more information on the specifics of the GICS structure please go to The New GICS Framework.

Stock Market & Sector Performance

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Global Markets Performance

AS OF 04:20 PM ET 01/20/2017 Refresh

Americas All markets closed

Research Americas by Country
S&P 500 + 0.34%
NASDAQ + 0.28%
DJIA + 0.48%
Canada + 0.92%
Chile - 0.15%
Mexico + 0.10%

EMEA All markets closed

Research EMEA by Country
Eurozone + 0.19%
France + 0.20%
Germany + 0.26%
Italy 0.00%
United Kingdom - 0.14%
South Africa - 0.94%

Asia-Pacific All markets closed

Research Asia-Pacific by Country
Australia - 0.69%
China + 0.79%
Hong Kong - 0.37%
Japan + 0.34%
New Zealand - 0.16%
Singapore + 0.17%

U.S. Sectors & Industries Performance

AS OF 04:42 PM ET 01/20/2017
Sector Last % Change

U.S. Sectors & Industries Performance is represented by the S&P 500 GICS® (Global Industry Classification Standard) indices. Last % change is the nominal change in the price of the index from the previous trading day's close expressed as a percentage as of the index value at the time noted in the Date & Time field. All dates and times are reported in ET.

Last % change is the nominal change in the price of the index from the previous trading day's close expressed as a percentage as of the index value at the time noted in the Date & Time field. All dates and times are reported in ET. Chart Performance figures may vary slightly from 1 Year % Change due to different timeframes used in chart calculations.

GICS is an industry classification system developed by Standard & Poor's in collaboration with Morgan Stanley Capital International (MSCI). S&P uses GICS to determine the market segment to which a company is assigned. A company is assigned to a single GICS industry according to the definition of its principal business activity as determined by Standard & Poor's and MSCI. Revenues are a significant factor in defining principal business activity; however, earnings analysis and market perception are also important criteria for classification. There are currently 10 sectors and 68 industries. Three of the 68 industries do not have companies represented in the S&P 500 Index; therefore, performance is not available for Marine, Transportation and Infrastructure, and Water Utilities.

Standard & Poor's 500 (S&P 500) Index is an unmanaged market-weighted index of 500 of the nation's largest stocks from a broad variety of industries. The S&P 500 represents about 80% of the total market value of all stocks on the New York Stock Exchange. Market-weighted means that component stocks are weighted according to the total value of their outstanding shares.

Indexes are unmanaged, statistical composites and their returns do not include payment of any sales charges or fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index.

*Due to contract expiration dates, there may be instances where the last-traded price for an expiring contract may be blended with the first price traded for a new contract in order to show one continuous price without expiration.

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