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Am I misreading, or does SPXT still hold >20% GOOG, TSLA, META, AMZN? "Information technology" apparently just means Microsoft and Apple.
by mNovak 11mo ago
Am I misreading, or does SPXT still hold >20% GOOG, TSLA, META, AMZN?
"Information technology" apparently just means Microsoft and Apple.
- MontyCarloHall 11mo agoIt's because none of those companies is considered "Information Technology" according to the official GICS criteria [0] used to classify companies in the index. For instance, Meta and Google are in the "Communications Services" sector; Amazon is in "Consumer Discretionary." There are 69 total companies in the S&P 500 in the "Information Technology" GICS sector [1], and all are excluded from SPXT. [0] https://en.wikipedia.org/wiki/Global_Industry_Classification_Standard https://en.wikipedia.org/wiki/Global_Industry_Classification... [1] https://en.wikipedia.org/wiki/List_of_S%26P_500_companies https://en.wikipedia.org/wiki/List_of_S%26P_500_companies