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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.
Because the Global Industry Classification Standard decided to commit to this reshuffling, they forced many large investment management firms and others providing ETFs to sell huge amounts of their investors shares in the information technology and consumer discretionary sectors as well as telecommunications sector due to the move of large ...
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 S&P Dow Jones Indices will be reorganizing the Global Industry Classification Standard (GICS), which will bring a bevy of changes in not only tech, but also communications.
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 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 ...
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.