In a couple of months, drastic sector changes are coming to the S&P and MSCI indices which have potential implications to your investment portfolio. Some of the biggest names in tech, Netflix, Facebook, Google and others are changing sector classifications and if you aren't aware then it could have a major impact on your investment portfolio. Morgan Stanley has called the upcoming realignment “unprecedented” noting that there has only been one similar kind of sector change in the history of industry indexes when the real-estate sector was spun out of the financial group. This is different in that it is shifting some of the largest companies to a new sector called communication services.

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