Real Estate Strikes Out on Its Own in the Stock Indexes
By
“Think back to 1999 or 2000,” said David Blitzer, managing director of the index committee at S&P Dow Jones Indices. “No one really talked about investing in real estate. We were trying to recover from the tech boom and bust.” CreditAlex Wroblewski/The New York Times
A change is coming at the end of the month in the way stock indexes are classified. Real estate, now part of the broader financials category, will go out on its own.
But before you yawn and say that the change seems akin to moving the deck chairs around on a ship, consider this: It could, analysts say, have a wide-ranging impact on what individual investors own in their portfolios. That’s because an increasing number of people are investing in index funds, and those funds track the various categories of investments…
Real Estate Strikes Out on Its Own in the Stock Indexes
