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State Street Prepping ETF for Sector Classification Change
With S&P Dow Jones Indices having created a specific real estate sector within the S&P 500 index, State Street Global Advisors is planning to remove most real estate stocks from its Financial Select Sector SPDR ETF and have the fund pay out a special dividend. So reports Nasdaq.com.
Real estate is currently part of the S&P 500 Financials sector but became a separate sector on August 16.
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