Industry Classification Benchmark
The Industry Classification Benchmark (ICB) is an industry classification taxonomy launched by Dow Jones and FTSE in 2005 and now owned solely by FTSE International. It is used to segregate markets into sectors within the macroeconomy. The ICB uses a system of 10 industries, partitioned into 19 supersectors, which are further divided into 41 sectors, which then contain 114 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 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. All ICB sectors are represented on the New York Stock Exchange except Equity Investment Instruments (8980) and Nonequity Investment Instruments (8990).[3]
Dow Jones divested itself of its 50% interest in the ICB in 2011 and announced it was creating its own version of it.[4]
ICB table
Industry | Supersector | Sector | Subsector |
---|---|---|---|
0001 Oil & Gas | 0500 Oil & Gas | 0530 Oil & Gas Producers | 0533 Exploration & Production |
0537 Integrated Oil & Gas | |||
0570 Oil Equipment, Services & Distribution | 0573 Oil Equipment & Services | ||
0577 Pipelines | |||
0580 Alternative Energy | 0583 Renewable Energy Equipment | ||
0587 Alternative Fuels | |||
1000 Basic Materials | 1300 Chemicals | 1350 Chemicals | 1353 Commodity Chemicals |
1357 Specialty Chemicals | |||
1700 Basic Resources | 1730 Forestry & Paper | 1733 Forestry | |
1737 Paper | |||
1750 Industrial Metals & Mining | 1753 Aluminum | ||
1755 Nonferrous Metals | |||
1757 Iron & Steel | |||
1770 Mining | 1771 Coal | ||
1773 Diamonds & Gemstones | |||
1775 General Mining | |||
1777 Gold Mining | |||
1779 Platinum & Precious Metals | |||
2000 Industrials | 2300 Construction & Materials | 2350 Construction & Materials | 2353 Building Materials & Fixtures |
2357 Heavy Construction | |||
2700 Industrial Goods & Services | 2710 Aerospace & Defense | 2713 Aerospace | |
2717 Defense | |||
2720 General Industrials | 2723 Containers & Packaging | ||
2727 Diversified Industrials | |||
2730 Electronic & Electrical Equipment | 2733 Electrical Components & Equipment | ||
2737 Electronic Equipment | |||
2750 Industrial Engineering | 2753 Commercial Vehicles & Trucks | ||
2757 Industrial Machinery | |||
2770 Industrial Transportation | 2771 Delivery Services | ||
2773 Marine Transportation | |||
2775 Railroads | |||
2777 Transportation Services | |||
2779 Trucking | |||
2790 Support Services | 2791 Business Support Services | ||
2793 Business Training & Employment Agencies | |||
2795 Financial Administration | |||
2797 Industrial Suppliers | |||
2799 Waste & Disposal Services | |||
3000 Consumer Goods | 3300 Automobiles & Parts | 3350 Automobiles & Parts | 3353 Automobiles |
3355 Auto Parts | |||
3357 Tires | |||
3500 Food & Beverage | 3530 Beverages | 3533 Brewers | |
3535 Distillers & Vintners | |||
3537 Soft Drinks | |||
3570 Food Producers | 3573 Farming & Fishing | ||
3577 Food Products | |||
3700 Personal & Household Goods | 3720 Household Goods & Home Construction | 3722 Durable Household Products | |
3724 Nondurable Household Products | |||
3726 Furnishings | |||
3728 Home Construction | |||
3740 Leisure Goods | 3743 Consumer Electronics | ||
3745 Recreational Products | |||
3747 Toys | |||
3760 Personal Goods | 3763 Clothing & Accessories | ||
3765 Footwear | |||
3767 Personal Products | |||
3780 Tobacco | 3785 Tobacco | ||
4000 Health Care | 4500 Health Care | 4530 Health Care Equipment & Services | 4533 Health Care Providers |
4535 Medical Equipment | |||
4537 Medical Supplies | |||
4570 Pharmaceuticals & Biotechnology | 4573 Biotechnology | ||
4577 Pharmaceuticals | |||
5000 Consumer Services | 5300 Retail | 5330 Food & Drug Retailers | 5333 Drug Retailers |
5337 Food Retailers & Wholesalers | |||
5370 General Retailers | 5371 Apparel Retailers | ||
5373 Broadline Retailers | |||
5375 Home Improvement Retailers | |||
5377 Specialized Consumer Services | |||
5379 Specialty Retailers | |||
5500 Media | 5550 Media | 5553 Broadcasting & Entertainment | |
5555 Media Agencies | |||
5557 Publishing | |||
5700 Travel & Leisure | 5750 Travel & Leisure | 5751 Airlines | |
5752 Gambling | |||
5753 Hotels | |||
5755 Recreational Services | |||
5757 Restaurants & Bars | |||
5759 Travel & Tourism | |||
6000 Telecommunications | 6500 Telecommunications | 6530 Fixed Line Telecommunications | 6535 Fixed Line Telecommunications |
6570 Mobile Telecommunications | 6575 Mobile Telecommunications | ||
7000 Utilities | 7500 Utilities | 7530 Electricity | 7535 Conventional Electricity |
7537 Alternative Electricity | |||
7570 Gas, Water & Multiutilities | 7573 Gas Distribution | ||
7575 Multiutilities | |||
7577 Water | |||
8000 Financials | 8300 Banks | 8350 Banks | 8355 Banks |
8500 Insurance | 8530 Nonlife Insurance | 8532 Full Line Insurance | |
8534 Insurance Brokers | |||
8536 Property & Casualty Insurance | |||
8538 Reinsurance | |||
8570 Life Insurance | 8575 Life Insurance | ||
8600 Real Estate | 8630 Real Estate Investment & Services | 8633 Real Estate Holding & Development | |
8637 Real Estate Services | |||
8670 Real Estate Investment Trusts | 8671 Industrial & Office REITs | ||
8672 Retail REITs | |||
8673 Residential REITs | |||
8674 Diversified REITs | |||
8675 Specialty REITs | |||
8676 Mortgage REITs | |||
8677 Hotel & Lodging REITs | |||
8700 Financial Services | 8770 Financial Services | 8771 Asset Managers | |
8773 Consumer Finance | |||
8775 Specialty Finance | |||
8777 Investment Services | |||
8779 Mortgage Finance | |||
8980 Equity Investment Instruments | 8985 Equity Investment Instruments | ||
8990 Nonequity Investment Instruments | 8995 Nonequity Investment Instruments | ||
9000 Technology | 9500 Technology | 9530 Software & Computer Services | 9533 Computer Services |
9535 Internet | |||
9537 Software | |||
9570 Technology Hardware & Equipment | 9572 Computer Hardware | ||
9574 Electronic Office Equipment | |||
9576 Semiconductors | |||
9578 Telecommunications Equipment |
Note that the terms "industry" and "sector" are reversed from the Global Industry Classification Standard (GICS) taxonomy and the more common usage by professionals.
References
^ "Industry Classification Benchmark (ICB)". icbenchmark.com. 21 June 2017..mw-parser-output cite.citationfont-style:inherit.mw-parser-output qquotes:"""""""'""'".mw-parser-output code.cs1-codecolor:inherit;background:inherit;border:inherit;padding:inherit.mw-parser-output .cs1-lock-free abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center.mw-parser-output .cs1-lock-limited a,.mw-parser-output .cs1-lock-registration abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center.mw-parser-output .cs1-lock-subscription abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registrationcolor:#555.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration spanborder-bottom:1px dotted;cursor:help.mw-parser-output .cs1-hidden-errordisplay:none;font-size:100%.mw-parser-output .cs1-visible-errorfont-size:100%.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-formatfont-size:95%.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-leftpadding-left:0.2em.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-rightpadding-right:0.2em
^ Industry Classification Benchmark structure (pdf)
^ https://www.nyse.com/indexes/nyaindex.csv
^ "Dow Jones Indexes Divests Its 50% Interest in Industry Classification Benchmark" (press release). Dow Jones Indexes. 16 June 2011.
External links
- ICB Spec Nov2011