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 industry classifications, merging some Internet and media stocks with phone companies under "communication services". It would replace the existing telecommunication sector.
While the list of affected stocks may not be available until...
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