Industry Classification Benchmark

Last updated

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 11 industries, partitioned into 20 supersectors, which are further divided into 45 sectors, which then contain 173 subsectors. [1] [2]

Contents

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 subsectors. The ICB replaced the legacy FTSE and Dow Jones classification systems on 3 January 2006, and is used today by the NASDAQ, NYSE and several other markets around the globe. All ICB sectors are represented on the New York Stock Exchange except Equity Investment Instruments (8980) and Nonequity Investment Instruments (8990). [3]

Dow Jones divested itself of its 50% interest in the ICB in 2011 and announced it was creating its own version of it. [4]

Classification

Source: [5]

Per the FTSE Global Total Cap Index, Information Technology is the biggest sector, with 25% of world capitalisation.

See also

Related Research Articles

<span class="mw-page-title-main">Investor AB</span> Swedish investment and conglomerate holding company

Investor AB is a Swedish investment and holding company, often considered a de facto conglomerate. One of Sweden's largest companies, Investor AB serves as the investment arm of the prominent Swedish Wallenberg family; the family's companies are involved in a variety of industries, of which the primary industries are pharmaceuticals, telecommunications and industry.

<span class="mw-page-title-main">Healthcare industry</span> Economic sector focused on health

The healthcare industry is an aggregation and integration of sectors within the economic system that provides goods and services to treat patients with curative, preventive, rehabilitative, and palliative care. It encompasses the creation and commercialization of products and services conducive to the preservation and restoration of well-being. The contemporary healthcare sector comprises three fundamental facets, namely services, products, and finance. It can be further subdivided into numerous sectors and categories and relies on interdisciplinary teams of highly skilled professionals and paraprofessionals to address the healthcare requirements of both individuals and communities.

A real estate investment trust is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, warehouses, hospitals, shopping centers, hotels and commercial forests. Some REITs engage in financing real estate.

The Russell 3000 Index is a capitalization-weighted stock market index that seeks to be a benchmark of the entire U.S. stock market. It measures the performance of the 3,000 largest publicly held companies incorporated in America as measured by total market capitalization, and represents approximately 97% of the American public equity market. The index was launched on January 1, 1984, and is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group. The ticker symbol on most systems is ^RUA.

<span class="mw-page-title-main">Straits Times Index</span> Singaporean stock market index

The Straits Times Index is a capitalisation-weighted measurement stock market index that is regarded as the benchmark index for the stock market in Singapore. It tracks the performance of the top 30 companies that are listed on the Singapore Exchange (SGX).

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 into which S&P has categorized all major public companies. The system is similar to ICB, a classification structure maintained by FTSE Group.

Articles in economics journals are usually classified according to JEL classification codes, which derive from the Journal of Economic Literature. The JEL is published quarterly by the American Economic Association (AEA) and contains survey articles and information on recently published books and dissertations. The AEA maintains EconLit, a searchable data base of citations for articles, books, reviews, dissertations, and working papers classified by JEL codes for the years from 1969. A recent addition to EconLit is indexing of economics journal articles from 1886 to 1968 parallel to the print series Index of Economic Articles.

Australian and New Zealand Standard Industrial Classification (ANZSIC) was jointly developed by the Australian Bureau of Statistics and Statistics New Zealand in order to make it easier to compare industry statistics between the two countries and with the rest of the world.

The United Kingdom Standard Industrial Classification of Economic Activities (UKSIC) is a Standard Industrial Classification that is intended to help classify businesses according to the type of their economic activity. One or more SIC codes can be attributed to a business. SIC codes identify what a business does.

The International Standard Industrial Classification of All Economic Activities (ISIC) is a United Nations industry classification system. Wide use has been made of ISIC in classifying data according to kind of economic activity in the fields of employment and health data.

<span class="mw-page-title-main">APriori Capital Partners</span> American private equity investment

aPriori Capital Partners is a private equity investment firm focused on leveraged buyout transactions. The firm was founded as an affiliate of Credit Suisse and traces its roots to Donaldson, Lufkin & Jenrette, the investment bank acquired by Credit Suisse First Boston in 2000. The private equity arm also manages a group of investment vehicles including Real Estate Private Equity, International Private Equity, Growth capital, Mezzanine debt, Infrastructure, Energy and Commodities Focused, fund of funds, and Secondary Investments.

<span class="mw-page-title-main">Mitsui & Co.</span> Japanese corporation

Mitsui & Co., Ltd. is one of the largest sogo shosha in Japan; it is part of the Mitsui Group.

SPDR funds are a family of exchange-traded funds (ETFs) traded in the United States, Europe, Mexico and Asia-Pacific and managed by State Street Global Advisors (SSGA). Informally, they are also known as Spyders or Spiders. SPDR is a trademark of Standard and Poor's Financial Services LLC, a subsidiary of S&P Global. The name is an acronym for the first member of the family, the Standard & Poor's Depositary Receipts, now the SPDR S&P 500 Trust ETF, which is designed to track the S&P 500 stock market index.

Expenditures by Canadian corporations on research and development accounted for about 50% of all spending on scientific research and development in Canada in 2007.

'The Queen's Award for Enterprise: International Trade (Export) (2010)' was awarded on 21 April.

The Colombo Stock Exchange Sector indices are a set of sector based price indices in the Colombo Stock Exchange. The Colombo Stock Exchange (CSE) is the main stock exchange in Sri Lanka.

National Association of Real Estate Investment Trusts (Nareit) is a Washington, D.C.-based association representing industries that include real estate investment trusts (REITs), mortgage REITs (mREITs), REITs traded on major stock exchanges, public non-listed REITs, and private REITs. Nareit publicly trades real estate in the U.S. real estate and capital markets. Nareit is also an informational resource for REIT policymakers.

<span class="mw-page-title-main">STOXX Europe 600</span> Pan-European stock market index

The STOXX Europe 600, also called STOXX 600, SXXP, is a stock index of European stocks designed by STOXX Ltd. This index has a fixed number of 600 components representing large, mid and small capitalization companies among 17 European countries, covering approximately 90% of the free-float market capitalization of the European stock market. The countries that make up the index are the United Kingdom, France, Switzerland and Germany, as well as Austria, Belgium, Denmark, Finland, Ireland, Italy, Luxembourg, the Netherlands, Norway, Poland, Portugal, Spain, and Sweden.

References

  1. "Industry Classification Benchmark (ICB)". icbenchmark.com. 21 June 2017.
  2. Industry Classification Benchmark structure (pdf)
  3. "Archived copy". Archived from the original on 2015-05-09. Retrieved 2017-09-01.{{cite web}}: CS1 maint: archived copy as title (link)
  4. "Dow Jones Indexes Divests Its 50% Interest in Industry Classification Benchmark". Dow Jones Indexes. 16 June 2011. Archived from the original (press release) on 17 January 2017. Retrieved 23 November 2012.
  5. "ICB Codes" . Retrieved 2021-11-03.