Friday, December 24, 2010

GICS

GICS, or Global Industry Classification Standard, is a system of classifying public companies into industry groups that was developed by Morgan Stanley Capital International (MSCI) and Standard & Poor's (S&P) in 1999. The GICS methodology is generally well accepted across the financial industry and is used in S&P and MSCI indexes; which means a lot of analysts will find themselves perhaps unwittingly using the system. A competing, yet similar system is the ICB, or Industry Classification Benchmark, which is maintained by Dow Jones Indexes and the FTSE Group. GICS is a registered trademark of McGraw-Hill (parent company of Standard & Poor's). The GICS classification system begins with 10 sectors and is followed by 24 industry groups, 67 industries and 147 sub-industries.

Synonyms: Sector, Asset class, ICB, Industry classification, Sector group, Industry group, Stock sectors

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