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Yanking out your FANGs: index providers to shuffle tech stocks

S&P, MSCI to regroup counters like Facebook, Amazon, Netflix and Google, affecting passive investors and ETF providers

New York

WATCH out, FANG lovers. Some of your favorite stocks are poised to be recategorised, potentially removing them from exchange-traded funds that have held them for years.

S&P Global Inc and MSCI Inc, two of the world's biggest index providers, plan to overhaul their

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