Key Takeaways
- GICS categorizes public companies into 11 sectors, 24 industry groups, 69 industries, and 158 sub-industries.
- GICS helps investors and analysts identify, compare, and contrast companies within the same sector or industry.
- The classification system covers over 26,000 stocks worldwide, representing 95% of global market capitalization.
- GICS was developed by MSCI and Standard & Poor’s and is used to benchmark MSCI indexes.
- Critics urge updates to GICS to better reflect modern business models and cross-industry corporate giants.
What Is the Global Industry Classification Standard (GICS)
The Global Industry Classification Standard (GICS) assigns public companies to a specific economic sector and industry group that best…
