ETF SPECIAL REPORT Reversion to the Mean Is Dead ...

Vanguard based its ETF on only the GICS IT sector—the same sector that grew from 6% to 21% of the S&P’s market cap over the past generation. This discrepancy has been remedied; with the abolishment of the telecom sector last year, State Street now relies solely on the GICS IT sector, as does Vanguard. For many years, the person in charge of ................
................