GICS

MUCH ADO ABOUT NOTHING

MUCH ADO ABOUT NOTHING

Did you ever wonder why similar companies like Comcast and Disney, owners of NBC and ESPN, are in different industries from other Communications firms, like AT&T and Facebook?   We wondered that too.  Wall Street, finally, has agreed to put all of these communication companies under one umbrella.  For those of you that hold our Exchange-traded Fund strategies, we made that change in July.  We added a Communication Services fund, reducing two other holdings, all months before the September 21st date that the industry changes.


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