Industry classification or industry taxonomy is a type of economic taxonomy that organizes companies into industrial groupings based on similar production processes, similar products, or similar behavior in financial markets.. In 1999, MSCI and S&P Dow Jones Indices developed the Global Industry Classification Standard (GICS), seeking to offer an efficient investment tool to capture the breadth, depth and evolution of industry sectors. Many translated example sentences containing "industry classification benchmark" – French-English dictionary and search engine for French translations. The Global Industry Classification Standard (GICS) and the Industrial Classification Benchmark (ICB) both assign stocks to appropriate sectors and industries. The Industry Classification Benchmark (ICB) is an industry classification taxonomy launched by Dow Jones and FTSE in 2005 and now used by FTSE International and STOXX.It is used to segregate markets into sectors within the macroeconomy.The ICB uses a system of 10 industries, partitioned into 19 supersectors, which are … What is the Industry Classification Benchmark?

Each company is allocated to the subsector that most closely represents the nature of its business, which is determined by its primary source of revenue and other publicly available information. The Industry Classification Benchmark (ICB) is an industry classification taxonomy launched by Dow Jones and FTSE in 2005 and now used by FTSE International and STOXX.It is used to segregate markets into sectors within the macroeconomy.The ICB uses a system of 10 industries, partitioned into 19 supersectors, which are further divided into 41 sectors, which then contain 114 subsectors. Industry Classification benchmark (ICB) is a globally recognized standard, operated and managed by FTSE Russell for categorizing companies and securities across four levels of classification. It is the official sector classification used across FTSE Russell indexes for analysis, attribution and performance measurement. FTSE Russell | Industry Classification Benchmark (Equity), v3.4, February 2020 3 of 27 Section 1 Introduction 1.0 Introduction 1.1 The Industry Classification Benchmark (ICB) is a detailed and comprehensive structure for sector and industry analysis, facilitating the comparison of companies across four levels of classification

The ICB structure was recently updated to bring it up to date with the current company landscape. Here's how they differ. The Industry Classification Benchmark (ICB) provides the foundation of industry and sector analysis utilized by exchanges, investment managers and researchers across the globe. 1.1 The Industry Classification Benchmark (ICB) is a detailed and comprehensive structure for sector and industry analysis, facilitating the comparison of companies across four levels of classification and national boundaries. Read this paper for: Companies are classified quantitatively and qualitatively.

An industry classification system allows investors and other market participants to segment and evaluate the global economy in a systematic and holistic way.