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Currents of Disruption: Tech Set for Disruption Amid Sector Shakeup

September 24, 2018 : Permanent Link

(Harvest) The creation of a new Communication Services sector could provide a further tailwind for tech stocks as generalist mutual funds gain a potential opportunity to allocate more capital to the space. After Sept. 28, technology stocks will be split between three industry sectors instead of the current two.
Alphabet, Facebook, Netflix, Disney, Activision Blizzard and Electronic Arts are among those set to join the new Communication Services sector.
Sector changes may create short-term volatility as ETFs reconfigure and long-term opportunities for managers of tech-centric and generalist mutual funds.

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