Global Industry Classification Standard

Last updated

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. The system is similar to ICB (Industry Classification Benchmark), a classification structure maintained by FTSE Group.

Contents

GICS is used as a basis for S&P and MSCI financial market indexes in which each company is assigned to a sub-industry, and to an industry, industry group, and sector, by its principal business activity. "GICS" is a registered trademark of McGraw Hill Financial and MSCI Inc. [2] [3]

Classification

The classification is as follows: [1]

SectorIndustry GroupIndustrySub-Industry
10Energy1010 Energy 101010Energy Equipment & Services10101010Oil & Gas Drilling
10101020Oil & Gas Equipment & Services
101020Oil, Gas & Consumable Fuels10102010Integrated Oil & Gas
10102020Oil & Gas Exploration & Production
10102030Oil & Gas Refining & Marketing
10102040Oil & Gas Storage & Transportation
10102050Coal & Consumable Fuels
15Materials1510Materials151010 Chemicals 15101010Commodity Chemicals
15101020Diversified Chemicals
15101030Fertilizers & Agricultural Chemicals
15101040Industrial Gases
15101050Specialty Chemicals
151020Construction Materials15102010Construction Materials
151030Containers & Packaging15103010Metal, Glass & Plastic Containers
15103020Paper & Plastic Packaging Products & Materials
151040Metals & Mining15104010Aluminum
15104020Diversified Metals & Mining
15104025Copper
15104030Gold
15104040Precious Metals & Minerals
15104045Silver
15104050Steel
151050Paper & Forest Products15105010Forest Products
15105020 Paper Products
20Industrials2010 Capital Goods 201010Aerospace & Defense 20101010Aerospace & Defense
201020Building Products20102010Building Products
201030 Construction & Engineering20103010 Construction & Engineering
201040Electrical Equipment20104010Electrical Components & Equipment
20104020Heavy Electrical Equipment
201050Industrial Conglomerates20105010Industrial Conglomerates
201060Machinery20106010Construction Machinery & Heavy Transportation Equipment
20106015Agricultural & Farm Machinery
20106020Industrial Machinery & Supplies & Components
201070Trading Companies & Distributors20107010Trading Companies & Distributors
2020Commercial & Professional Services202010Commercial Services & Supplies20201010Commercial Printing
20201050Environmental & Facilities Services
20201060Office Services & Supplies
20201070Diversified Support Services
20201080Security & Alarm Services
202020Professional Services20202010Human Resource & Employment Services
20202020Research & Consulting Services
20202030Data Processing & Outsourced Services
2030 Transportation 203010Air Freight & Logistics20301010Air Freight & Logistics
203020Passenger Airlines20302010Passenger Airlines
203030Marine Transportation20303010Marine Transportation
203040Ground Transportation20304010Rail Transportation
20304030Cargo Ground Transportation
20304040Passenger Ground Transportation
203050Transportation Infrastructure20305010Airport Services
20305020Highways & Railtracks
20305030Marine Ports & Services
25Consumer Discretionary2510Automobiles & Components251010Automobile Components25101010Automotive Parts & Equipment
25101020Tires & Rubber
251020Automobiles25102010Automobile Manufacturers
25102020Motorcycle Manufacturers
2520Consumer Durables & Apparel252010Household Durables25201010Consumer Electronics
25201020Home Furnishings
25201030Homebuilding
25201040Household Appliances
25201050Housewares & Specialties
252020Leisure Products25202010Leisure Products
252030Textiles, Apparel & Luxury Goods 25203010Apparel, Accessories & Luxury Goods
25203020Footwear
25203030Textiles
2530Consumer Services253010Hotels, Restaurants & Leisure25301010Casinos & Gaming
25301020Hotels, Resorts & Cruise Lines
25301030Leisure Facilities
25301040Restaurants
253020Diversified Consumer Services25302010Education Services
25302020Specialized Consumer Services
2550Consumer Discretionary Distribution & Retail255010Distributors25501010Distributors
255030Broadline Retail25503030Broadline Retail
255040Specialty Retail25504010Apparel Retail
25504020Computer & Electronics Retail
25504030Home Improvement Retail
25504040Other Specialty Retail
25504050Automotive Retail
25504060Homefurnishing Retail
30Consumer Staples3010Consumer Staples Distribution & Retail301010Consumer Staples Distribution & Retail30101010Drug Retail
30101020Food Distributors
30101030Food Retail
30101040Consumer Staples Merchandise Retail
3020Food, Beverage & Tobacco302010Beverages30201010Brewers
30201020Distillers & Vintners
30201030Soft Drinks & Non-alcoholic Beverages
302020Food Products30202010Agricultural Products & Services
30202030Packaged Foods & Meats
302030Tobacco30203010Tobacco
3030Household & Personal Products303010Household Products30301010Household Products
303020Personal Care Products30302010Personal Care Products
35Health Care3510Health Care Equipment & Services351010Health Care Equipment & Supplies35101010Health Care Equipment
35101020Health Care Supplies
351020Health Care Providers & Services35102010Health Care Distributors
35102015Health Care Services
35102020Health Care Facilities
35102030Managed Health Care
351030Health Care Technology35103010Health Care Technology
3520Pharmaceuticals, Biotechnology & Life Sciences352010Biotechnology35201010Biotechnology
352020Pharmaceuticals35202010Pharmaceuticals
352030Life Sciences Tools & Services35203010Life Sciences Tools & Services
40Financials4010Banks401010Banks40101010Diversified Banks
40101015Regional Banks
4020Financial Services402010Financial Services40201020Diversified Financial Services
40201030Multi-Sector Holdings
40201040Specialized Finance
40201050Commercial & Residential Mortgage Finance
40201060Transaction & Payment Processing Services
402020Consumer Finance40202010Consumer Finance
402030Capital Markets40203010Asset Management & Custody Banks
40203020Investment Banking & Brokerage
40203030Diversified Capital Markets
40203040Financial Exchanges & Data
402040Mortgage Real Estate Investment Trusts (REITs)40204010Mortgage REITs
4030Insurance403010Insurance40301010Insurance Brokers
40301020Life & Health Insurance
40301030Multi-line Insurance
40301040Property & Casualty Insurance
40301050Reinsurance
45Information Technology4510Software & Services
451020IT Services45102010IT Consulting & Other Services
45102030Internet Services & Infrastructure
451030Software45103010Application Software
45103020Systems Software
4520Technology Hardware & Equipment452010Communications Equipment45201020Communications Equipment
452020Technology Hardware, Storage & Peripherals45202030Technology Hardware, Storage & Peripherals
452030Electronic Equipment, Instruments & Components45203010Electronic Equipment & Instruments
45203015Electronic Components
45203020Electronic Manufacturing Services
45203030Technology Distributors
4530Semiconductors & Semiconductor Equipment453010Semiconductors & Semiconductor Equipment45301010Semiconductor Materials & Equipment
45301020Semiconductors
50Communication Services5010Telecommunication Services501010Diversified Telecommunication Services50101010Alternative Carriers
50101020Integrated Telecommunication Services
501020Wireless Telecommunication Services50102010Wireless Telecommunication Services
5020Media & Entertainment502010Media50201010Advertising
50201020Broadcasting
50201030Cable & Satellite
50201040Publishing
502020Entertainment50202010Movies & Entertainment
50202020Interactive Home Entertainment
502030Interactive Media & Services50203010Interactive Media & Services
55Utilities5510Utilities551010Electric Utilities55101010Electric Utilities
551020Gas Utilities55102010Gas Utilities
551030Multi-Utilities55103010Multi-Utilities
551040Water Utilities55104010Water Utilities
551050Independent Power and Renewable Electricity Producers55105010Independent Power Producers & Energy Traders
55105020Renewable Electricity
60Real Estate6010Equity Real Estate Investment Trusts (REITs)601010Diversified REITs60101010Diversified REITs
601025Industrial REITs60102510Industrial REITs
601030Hotel & Resort REITs60103010Hotel & Resort REITs
601040Office REITs60104010Office REITs
601050Health Care REITs60105010Health Care REITs
601060Residential REITs60106010Multi-Family Residential REITs
60106020Single-Family Residential REITs
601070Retail REITs60107010Retail REITs
601080Specialized REITs60108010Other Specialized REITs
60108020Self-Storage REITs
60108030Telecom Tower REITs
60108040Timber REITs
60108050Data Center REITs
6020Real Estate Management & Development602010Real Estate Management & Development60201010Diversified Real Estate Activities
60201020Real Estate Operating Companies
60201030Real Estate Development
60201040Real Estate Services

Per the MSCI World index, Information Technology is the biggest sector, with 22% of world capitalisation.

Revisions

The classification standard is regularly updated by S&P Dow Jones Indices and MSCI. Numerous changes over the years have resulted in the addition, deletion, or redefinition of various sub-industries, industries, or industry groups. [4] Since 1999, there have been two revisions at the sector level:

See also

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References

  1. 1 2 "The Global Industry Classification Standard (GICS®)" . Retrieved 2023-03-21.
  2. "MSCI-Barra GICS Tables". Archived from the original on 2014-03-26. Retrieved 2013-02-10.
  3. "MSCI-Barra GICS Sector Definitions". Archived from the original (PDF) on 2014-03-26. Retrieved 2013-02-10.
  4. "Archived copy" (PDF). Archived from the original (PDF) on 2015-02-11. Retrieved 2015-01-25.{{cite web}}: CS1 maint: archived copy as title (link)
  5. "S&P Dow Jones Indices and MSCI Announce Further Revisions to the Global Industry Classification Standard Structure in 2016" (pdf). Retrieved 28 Dec 2018.
  6. "Revisions to the Global Industry Classification Standard Structure in 2018" (pdf). Retrieved 28 Dec 2018.
  7. "REVISIONS TO THE GLOBAL INDUSTRY CLASSIFICATION STANDARD (GICS®) STRUCTURE EFFECTIVE MARCH, 2023" (pdf). Retrieved 21 Mar 2023.