The Industry Classification Benchmark (ICB) is a company classification system developed by Dow Jones and FTSE. It is used to segregate markets into sectors within the macroeconomy. The ICB uses a system of 10 industries, partitioned into 18 supersectors, which are further divided into 39 sectors, which then contain 104 subsectors.[1][2]
The principal aim of the ICB is to categorize individual companies into subsectors based primarily on a company's "source of revenue or where it constitutes the majority of revenue."[citation needed] If a company is equally divided amongst several distinct subsectors, authorities from the Dow Jones and FTSE may be summoned to make a final judgement. Firms may appeal their classification at any time.[citation needed]
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.
Industry |
Supersector |
Sector |
Oil & Gas |
Oil & Gas |
Oil & Gas Producers |
Oil Equipment, Services & Distribution |
Basic Materials |
Chemicals |
Chemicals |
Basic Resources |
Forestry & Paper |
Industrial Metals |
Mining |
Industrials |
Construction & Materials |
Construction & Materials |
Industrial Goods & Services |
Aerospace & Defense |
General Industrials |
Electronic & Electrical Equipment |
Industrial Engineering |
Industrial Transportation |
Support Services |
Consumer Goods |
Automobiles & Parts |
Automobiles & Parts |
Food & Beverage |
Beverages |
Food Producers |
Personal & Household Goods |
Household Goods |
Leisure Goods |
Personal Goods |
Tobacco |
Health Care |
Health Care |
Health Care Equipment & Services |
Pharmaceuticals & Biotechnology |
Consumer Services |
Retail |
Food & Drug Retailers |
General Retailers |
Media |
Media |
Travel & Leisure |
Travel & Leisure |
Telecommunications |
Telecommunications |
Fixed Line Telecommunications |
Mobile Telecommunications |
Utilities |
Utilities |
Electricity |
Gas, Water & Multiutilities |
Financials |
Banks |
Banks |
Insurance |
Nonlife Insurance |
Life Insurance |
Financial Services |
Real Estate |
General Financial |
Equity Investment Instruments |
Nonequity Investment Instruments |
Technology |
Technology |
Software & Computer Services |
Technology Hardware & Equipment |
[edit] References