Investors might need to relearn some long-held assumptions following a major reshuffle of stock sector classifications.
BlackRock (BLK) is the world's largest publicly traded investment management firm. As of September 30, 2016, it had assets under management, or AUM, of $5.1 trillion. This is ~7% of the total assets under management across the globe.
Chris Dieterich is a strategist in BlackRock’s ETF and Index Investments group. Previously he was a journalist at The Wall Street Journal, Barron’s and Dow Jones Newswires specializing in ETFs and investing. He writes primarily about indexing and ETF education.