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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.
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.
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.
Six months after major sector index changes, here's a look at the ETF impact.
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 ...
The tech sector is large, and for purposes of classification, it’s called “information technology” as part of the GICS classification system. That system breaks the tech sector down into ...
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.
The Refinitiv Business Classification (TRBC) is an industry classification of global companies. It was developed by the Reuters Group under the name Reuters Business Sector Scheme (RBSS), [1] [2] [3] was rebranded to Thomson Reuters Business Classification (TRBC) when the Thomson Corporation acquired the Reuters Group in 2008, forming Thomson Reuters, and was rebranded again, to The Refinitiv ...