Global Industry Classification Standard
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, 24 industry groups, 69 industries and 158 sub-industries[1] into which S&P has categorized all major public companies. The system is similar to ICB (Industry Classification Benchmark), a classification structure maintained by FTSE Group.
GICS is used as a basis for S&P and MSCI financial market indexes in which each company is assigned to a sub-industry, and to an industry, industry group, and sector, by its principal business activity.
"GICS" is a registered trademark of McGraw Hill Financial and MSCI Inc.[2][3]
Classification[1]
| Sector | Industry Group | Industry | Sub-Industry | ||||
|---|---|---|---|---|---|---|---|
| 10 | Energy | 1010 | Energy | 101010 | Energy Equipment & Services | 10101010 | Oil & Gas Drilling |
| 10101020 | Oil & Gas Equipment & Services | ||||||
| 101020 | Oil, Gas & Consumable Fuels | 10102010 | Integrated Oil & Gas | ||||
| 10102020 | Oil & Gas Exploration & Production | ||||||
| 10102030 | Oil & Gas Refining & Marketing | ||||||
| 10102040 | Oil & Gas Storage & Transportation | ||||||
| 10102050 | Coal & Consumable Fuels | ||||||
| 15 | Materials | 1510 | Materials | 151010 | Chemicals | 15101010 | Commodity Chemicals |
| 15101020 | Diversified Chemicals | ||||||
| 15101030 | Fertilizers & Agricultural Chemicals | ||||||
| 15101040 | Industrial Gases | ||||||
| 15101050 | Specialty Chemicals | ||||||
| 151020 | Construction Materials | 15102010 | Construction Materials | ||||
| 151030 | Containers & Packaging | 15103010 | Metal & Glass Containers | ||||
| 15103020 | Paper Packaging | ||||||
| 151040 | Metals & Mining | 15104010 | Aluminum | ||||
| 15104020 | Diversified Metals & Mining | ||||||
| 15104025 | Copper | ||||||
| 15104030 | Gold | ||||||
| 15104040 | Precious Metals & Minerals | ||||||
| 15104045 | Silver | ||||||
| 15104050 | Steel | ||||||
| 151050 | Paper & Forest Products | 15105010 | Forest Products | ||||
| 15105020 | Paper Products | ||||||
| 20 | Industrials | 2010 | Capital Goods | 201010 | Aerospace & Defense | 20101010 | Aerospace & Defense |
| 201020 | Building Products | 20102010 | Building Products | ||||
| 201030 | Construction & Engineering | 20103010 | Construction & Engineering | ||||
| 201040 | Electrical Equipment | 20104010 | Electrical Components & Equipment | ||||
| 20104020 | Heavy Electrical Equipment | ||||||
| 201050 | Industrial Conglomerates | 20105010 | Industrial Conglomerates | ||||
| 201060 | Machinery | 20106010 | Construction Machinery & Heavy Trucks | ||||
| 20106015 | Agricultural & Farm Machinery | ||||||
| 20106020 | Industrial Machinery | ||||||
| 201070 | Trading Companies & Distributors | 20107010 | Trading Companies & Distributors | ||||
| 2020 | Commercial & Professional Services | 202010 | Commercial Services & Supplies | 20201010 | Commercial Printing | ||
| 20201050 | Environmental & Facilities Services | ||||||
| 20201060 | Office Services & Supplies | ||||||
| 20201070 | Diversified Support Services | ||||||
| 20201080 | Security & Alarm Services | ||||||
| 202020 | Professional Services | 20202010 | Human Resource & Employment Services | ||||
| 20202020 | Research & Consulting Services | ||||||
| 2030 | Transportation | 203010 | Air Freight & Logistics | 20301010 | Air Freight & Logistics | ||
| 203020 | Airlines | 20302010 | Airlines | ||||
| 203030 | Marine | 20303010 | Marine | ||||
| 203040 | Road & Rail | 20304010 | Railroads | ||||
| 20304020 | Trucking | ||||||
| 203050 | Transportation Infrastructure | 20305010 | Airport Services | ||||
| 20305020 | Highways & Railtracks | ||||||
| 20305030 | Marine Ports & Services | ||||||
| 25 | Consumer Discretionary | 2510 | Automobiles & Components | 251010 | Auto Components | 25101010 | Auto Parts & Equipment |
| 25101020 | Tires & Rubber | ||||||
| 251020 | Automobiles | 25102010 | Automobile Manufacturers | ||||
| 25102020 | Motorcycle Manufacturers | ||||||
| 2520 | Consumer Durables & Apparel | 252010 | Household Durables | 25201010 | Consumer Electronics | ||
| 25201020 | Home Furnishings | ||||||
| 25201030 | Homebuilding | ||||||
| 25201040 | Household Appliances | ||||||
| 25201050 | Housewares & Specialties | ||||||
| 252020 | Leisure Products | 25202010 | Leisure Products | ||||
| 252030 | Textiles, Apparel & Luxury Goods | 25203010 | Apparel, Accessories & Luxury Goods | ||||
| 25203020 | Footwear | ||||||
| 25203030 | Textiles | ||||||
| 2530 | Consumer Services | 253010 | Hotels, Restaurants & Leisure | 25301010 | Casinos & Gaming | ||
| 25301020 | Hotels, Resorts & Cruise Lines | ||||||
| 25301030 | Leisure Facilities | ||||||
| 25301040 | Restaurants | ||||||
| 253020 | Diversified Consumer Services | 25302010 | Education Services | ||||
| 25302020 | Specialized Consumer Services | ||||||
| 2550 | Retailing | 255010 | Distributors | 25501010 | Distributors | ||
| 255020 | Internet & Direct Marketing Retail | 25502020 | Internet & Direct Marketing Retail | ||||
| 255030 | Multiline Retail | 25503010 | Department Stores | ||||
| 25503020 | General Merchandise Stores | ||||||
| 255040 | Specialty Retail | 25504010 | Apparel Retail | ||||
| 25504020 | Computer & Electronics Retail | ||||||
| 25504030 | Home Improvement Retail | ||||||
| 25504040 | Specialty Stores | ||||||
| 25504050 | Automotive Retail | ||||||
| 25504060 | Homefurnishing Retail | ||||||
| 30 | Consumer Staples | 3010 | Food & Staples Retailing | 301010 | Food & Staples Retailing | 30101010 | Drug Retail |
| 30101020 | Food Distributors | ||||||
| 30101030 | Food Retail | ||||||
| 30101040 | Hypermarkets & Super Centers | ||||||
| 3020 | Food, Beverage & Tobacco | 302010 | Beverages | 30201010 | Brewers | ||
| 30201020 | Distillers & Vintners | ||||||
| 30201030 | Soft Drinks | ||||||
| 302020 | Food Products | 30202010 | Agricultural Products | ||||
| 30202030 | Packaged Foods & Meats | ||||||
| 302030 | Tobacco | 30203010 | Tobacco | ||||
| 3030 | Household & Personal Products | 303010 | Household Products | 30301010 | Household Products | ||
| 303020 | Personal Products | 30302010 | Personal Products | ||||
| 35 | Health Care | 3510 | Health Care Equipment & Services | 351010 | Health Care Equipment & Supplies | 35101010 | Health Care Equipment |
| 35101020 | Health Care Supplies | ||||||
| 351020 | Health Care Providers & Services | 35102010 | Health Care Distributors | ||||
| 35102015 | Health Care Services | ||||||
| 35102020 | Health Care Facilities | ||||||
| 35102030 | Managed Health Care | ||||||
| 351030 | Health Care Technology | 35103010 | Health Care Technology | ||||
| 3520 | Pharmaceuticals, Biotechnology & Life Sciences | 352010 | Biotechnology | 35201010 | Biotechnology | ||
| 352020 | Pharmaceuticals | 35202010 | Pharmaceuticals | ||||
| 352030 | Life Sciences Tools & Services | 35203010 | Life Sciences Tools & Services | ||||
| 40 | Financials | 4010 | Banks | 401010 | Banks | 40101010 | Diversified Banks |
| 40101015 | Regional Banks | ||||||
| 401020 | Thrifts & Mortgage Finance | 40102010 | Thrifts & Mortgage Finance | ||||
| 4020 | Diversified Financials | 402010 | Diversified Financial Services | 40201020 | Other Diversified Financial Services | ||
| 40201030 | Multi-Sector Holdings | ||||||
| 40201040 | Specialized Finance | ||||||
| 402020 | Consumer Finance | 40202010 | Consumer Finance | ||||
| 402030 | Capital Markets | 40203010 | Asset Management & Custody Banks | ||||
| 40203020 | Investment Banking & Brokerage | ||||||
| 40203030 | Diversified Capital Markets | ||||||
| 40203040 | Financial Exchanges & Data | ||||||
| 402040 | Mortgage Real Estate Investment Trusts (REITs) | 40204010 | Mortgage REITs | ||||
| 4030 | Insurance | 403010 | Insurance | 40301010 | Insurance Brokers | ||
| 40301020 | Life & Health Insurance | ||||||
| 40301030 | Multi-line Insurance | ||||||
| 40301040 | Property & Casualty Insurance | ||||||
| 40301050 | Reinsurance | ||||||
| 45 | Information Technology | 4510 | Software & Services | 451020 | IT Services | 45102010 | IT Consulting & Other Services |
| 45102020 | Data Processing & Outsourced Services | ||||||
| 45102030 | Internet Services & Infrastructure | ||||||
| 451030 | Software | 45103010 | Application Software | ||||
| 45103020 | Systems Software | ||||||
| 4520 | Technology Hardware & Equipment | 452010 | Communications Equipment | 45201020 | Communications Equipment | ||
| 452020 | Technology Hardware, Storage & Peripherals | 45202030 | Technology Hardware, Storage & Peripherals | ||||
| 452030 | Electronic Equipment, Instruments & Components | 45203010 | Electronic Equipment & Instruments | ||||
| 45203015 | Electronic Components | ||||||
| 45203020 | Electronic Manufacturing Services | ||||||
| 45203030 | Technology Distributors | ||||||
| 4530 | Semiconductors & Semiconductor Equipment | 453010 | Semiconductors & Semiconductor Equipment | 45301010 | Semiconductor Equipment | ||
| 45301020 | Semiconductors | ||||||
| 50 | Communication Services | 5010 | Communication Services | 501010 | Diversified Telecommunication Services | 50101010 | Alternative Carriers |
| 50101020 | Integrated Telecommunication Services | ||||||
| 501020 | Wireless Telecommunication Services | 50102010 | Wireless Telecommunication Services | ||||
| 5020 | Media & Entertainment | 502010 | Media | 50201010 | Advertising | ||
| 50201020 | Broadcasting | ||||||
| 50201030 | Cable & Satellite | ||||||
| 50201040 | Publishing | ||||||
| 502020 | Entertainment | 50202010 | Movies & Entertainment | ||||
| 50202020 | Interactive Home Entertainment | ||||||
| 502030 | Interactive Media & Services | 50203010 | Interactive Media & Services | ||||
| 55 | Utilities | 5510 | Utilities | 551010 | Electric Utilities | 55101010 | Electric Utilities |
| 551020 | Gas Utilities | 55102010 | Gas Utilities | ||||
| 551030 | Multi-Utilities | 55103010 | Multi-Utilities | ||||
| 551040 | Water Utilities | 55104010 | Water Utilities | ||||
| 551050 | Independent Power and Renewable Electricity Producers | 55105010 | Independent Power Producers & Energy Traders | ||||
| 55105020 | Renewable Electricity | ||||||
| 60 | Real Estate | 6010 | Real Estate | 601010 | Equity Real Estate Investment Trusts (REITs) | 60101010 | Diversified REITs |
| 60101020 | Industrial REITs | ||||||
| 60101030 | Hotel & Resort REITs | ||||||
| 60101040 | Office REITs | ||||||
| 60101050 | Health Care REITs | ||||||
| 60101060 | Residential REITs | ||||||
| 60101070 | Retail REITs | ||||||
| 60101080 | Specialized REITs | ||||||
| 601020 | Real Estate Management & Development | 60102010 | Diversified Real Estate Activities | ||||
| 60102020 | Real Estate Operating Companies | ||||||
| 60102030 | Real Estate Development | ||||||
| 60102040 | Real Estate Services | ||||||
Revisions
The classification standard is regularly updated by S&P Dow Jones Indices and MSCI. Numerous changes over the years have resulted in the addition, deletion, or redefinition of various sub-industries, industries, or industry groups.[4] Since 1999, there have been two revisions at the sector level:
- In 2016, the real estate industry group (with the exception of mortgage REITs) was moved out of the financials sector to a newly created real estate sector.[5]
- In 2018, the telecommunication services sector was renamed communication services. The sector was expanded to include media and entertainment companies previously in the consumer discretionary sector, as well as interactive media and services companies from the information technology sector.[6]
See also
References
- "Global Industry Classification Standard (GICS®) Methodology". Retrieved 2020-12-03.
- "MSCI-Barra GICS Tables". Archived from the original on 2014-03-26. Retrieved 2013-02-10.
- "MSCI-Barra GICS Sector Definitions". Archived from the original (PDF) on 2014-03-26. Retrieved 2013-02-10.
- "Archived copy" (PDF). Archived from the original (PDF) on 2015-02-11. Retrieved 2015-01-25.CS1 maint: archived copy as title (link)
- "S&P Dow Jones Indices and MSCI Announce Further Revisions to the Global Industry Classification Standard Structure in 2016" (pdf). Retrieved 28 Dec 2018.
- "Revisions to the Global Industry Classification Standard Structure in 2018" (pdf). Retrieved 28 Dec 2018.
External links
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