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The Global Industry Classification Standard (GICS) is an industry taxonomy developed in 1999 by MSCI and Standard & Poor's (S&P) for use by the global financial community. The GICS structure consists of 11 sectors, 25 industry groups, 74 industries and 163 sub-industries [1] into which S&P has categorized all major public companies.
At the top level, they are often classified according to the three-sector theory into sectors: primary (extraction and agriculture), secondary (manufacturing), and tertiary (services). Some authors add quaternary (knowledge) or even quinary (culture and research) sectors. Over time, the fraction of a society's activities within each sector changes.
After the close of the market on Friday, September 21, 2018, the technology sectors of the S&P 500 Index and the Global Industry Classification Standard (GICS) underwent a huge change, that reshuffled the sector in which certain telecommunication and information technology companies would be placed.
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The extended bull market fueled by expansive growth in the technology sector may have been the catalyst for change as the reclassification of the sector takes place today, which could mean a bout ...
There is also the Global Industry Classification Standard (GICS), which is used to assign companies to specific economic sectors and industry groups. [6] There are many industry classifications in the modern economy, which can be grouped into larger categories called economic sectors. Sectors are broader than industry classifications.
The ICB uses a system of 11 industries, partitioned into 20 supersectors, which are further divided into 45 sectors, which then contain 173 subsectors. [ 1 ] [ 2 ] The ICB is used globally (though not universally) to divide the market into increasingly specific categories, allowing investors to compare industry trends between well-defined ...
The Global 1200 includes companies in all eleven GICS sectors. The largest sector, in terms of weight and number of companies, is financials. Other top sectors represented are consumer discretionary, health care, and information technology. Among the smallest are utilities, materials, communication services, and energy.