- Starting in September, telecom, tech, media, and entertainment companies will be combined into one S&P 500 sector called Communication Services.
- It’s set to be the most crowded sector in the market, according to equity strategists at Bank of America Merrill Lynch.
- Investors should buy currently underweight parts of the sector ahead of its formation and sell afterwards as a “rule of thumb.”
A new stock market sector will launch in September.
S&P Dow Jones Indices announced last November that it plans to bring tech, media, and entertainment companies under one umbrella called the Communication Services sector. This would replace the existing Telecommunication Services sector.See the rest of the story at Business Insider
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