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home / news releases / VRRMW - Tech Sector Investors Beware: The MSCI Tech Sector Is Losing Some Of Its Strongest Stocks

VRRMW - Tech Sector Investors Beware: The MSCI Tech Sector Is Losing Some Of Its Strongest Stocks

Verra Mobility Corp - Warrants
  • MSCI announced proposed changes to its sector and subsector hierarchies last year and has just finalized the changes its stakeholders approved.
  • Us and ex-US Stocks currently in the Information Technology Data Processing and Outsourced Services Sector are being moved to three different sectors.
  • Most of the stocks changing sectors are Payment Processors, Brokerage, Investment, and Bank Software providers, and Payroll Processors.
  • Almost 10% of VGT's stocks by weight are going to be removed between now and March of 2023. This includes companies that have seen robust growth.
  • We list the other popular ETFs that will also be heavily impacted by this change and suggest alternatives for Tech Sector investors.

For further details see:

Tech Sector Investors Beware: The MSCI Tech Sector Is Losing Some Of Its Strongest Stocks
Stock Information
Company Name: Verra Mobility Corp - Warrants
Stock Symbol: VRRMW
Market: OTC
Website: verramobility.com
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