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    Industry Classification Change from SIC to GICS in the Cost of Capital Navigator’s U.S. Industry Benchmarking Module

    The goal in changing from an SIC to a GICS industry classification in the U.S. Benchmarking Module is to modernize and standardize the industry classification system used in the Cost of Capital Navigator.

    GICS is a common global classification standard used by thousands of market participants across all major groups involved in the investment process: asset managers, brokers (institutional and retail), custodians, consultants, research teams and stock exchanges.

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