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Sigh.
Thanks Richard and Jose.
John
_____
From: equismetastock@xxxxxxxxxxxxxxx [mailto:equismetastock@xxxxxxxxxxxxxxx]
On Behalf Of Richard Dale
Sent: Thursday, 18 January 2007 3:20 PM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: RE: [EquisMetaStock Group] Re: GICS 60 & 65
Hi John,
These are due to some historical reasons.
In Australia, the ASX has a LOT of property trusts listed. They also have
very big market caps.
At GICS level 1, there is no distinction between normal financial companies
and property trusts. Therefore, S&P came up with the bright idea to have
one official "sector" containing everything (GICS "40" - Financial sector)
and made up the other two as sectors.
So these two made up sectors are:
Property Trusts (level 1) "sector" aka GICS 60 is actually GICS Industry
(Level 3) Real Estate Investment Trusts (GICS 404020).
Financials-x-Property Trusts aka GICS 65 is actually GICS Sector (Level 1)
Financial (GICS 40) securities excluding those in the Level 3 Industry Real
Estate Investment Trusts (404020).
The reason they came up with this confusing reality is because they don't
readily publish any sector indexes past level 1. Good data vendors out
there will have level 2 indices available.
Best regards,
Richard Dale.
Norgate Investor Services
- Premium quality Stock, Futures and Foreign Exchange Data for
markets in Australia, Asia, Canada, Europe, UK & USA -
www.premiumdata.net
From: John Nicholson [mailto:johnnic@xxxxxxx.
<mailto:johnnic%40bigpond.net.au> net.au]
Sent: Thursday, 18 January 2007 12:49 PM
To: equismetastock@ <mailto:equismetastock%40yahoogroups.com>
yahoogroups.com
Subject: RE: [EquisMetaStock Group] Re: GICS 60 & 65
Jose
Thanks. At the moment, my whole life is one of confusion. :-)
See the S&P site
http://www2.
<http://www2.standardandpoors.com/portal/site/sp/en/au/page.topic/indices_as
x> standardandpoors.com/portal/site/sp/en/au/page.topic/indices_asx
300/2,3,2,8,0,0,0,0,0,0,3,1,6,0,7,0.html
They make constant references to GICS sectors 60 and 65, although I note
that they don't include those separate sectors in other parts of their site.
John
[Non-text portions of this message have been removed]
[Non-text portions of this message have been removed]
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