Industry Classification Benchmark
- Industry Classification Benchmark
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. [ [http://www.icbenchmark.com Industry Classification Benchmark main page] ] [ [http://www.icbenchmark.com/docs/ICB_StructureSheet_120104.pdf Industry Classification Benchmark structure] (pdf)]
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."Fact|date=June 2008 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.Fact|date=June 2008
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.
References
ee also
* Global Industry Classification Standard
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