March 2023 GICS Reclassification: Payment Networks Enter Financials
2016 Real Estate Spinoff — Structural separation of REITs into an independent 11th GICS sector, transforming financial sector composition.
The plate
S&P and MSCI reclassified payment technology leaders—including Visa, Mastercard, and PayPal—from Information Technology to Financials, introducing ~12% of higher-multiple digital payments weight into XLF.
What this page answers
This static page is built to answer searches for GICS · 2023-03-17 Reshuffle. It summarizes the live dataset behind the March 2023 GICS Reclassification: Payment Networks Enter Financials panel and links to the full interactive chart.
S&P and MSCI reclassified payment technology leaders—including Visa, Mastercard, and PayPal—from Information Technology to Financials, introducing ~12% of higher-multiple digital payments weight into XLF. The data is refreshed by the History of Market pipeline and published as a stable JSON endpoint for research, citation, and AI-agent use.
Data & Source
GET /api/fin/reclass-2023.json — Canonical dataset endpoint.
Exchange closing prices · Company filings · Robert Shiller · FRED · NBER.
FAQ
Where does this data come from?
History of Market combines public market and macro datasets — exchange closing prices, company filings, Robert Shiller, FRED, NBER, and the UBS Global Investment Returns Yearbook (Dimson–Marsh–Staunton). The exact endpoint for this panel is linked below.
How often is it updated?
Daily-tier datasets refresh after the U.S. market close, with a broader weekly refresh on Sunday. The timestamp shown on this page comes from the JSON payload.
Can I use the data?
Yes, for research and education with attribution to History of Market. Upstream data sources retain their own terms.