The Industry Classification Benchmark ( ICB ) is an industry classification taxonomy launched by Dow Jones and FTSE in 2005 and now used by FTSE International and STOXX . It is used to segregate markets into sectors within the macroeconomy . The ICB uses a system of 11 industries, partitioned into 20 supersectors, which are further divided into 45 sectors, which then contain 173 subsectors.
5-448: 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
10-581: Is a British provider of stock market indices and associated data services, wholly owned by the London Stock Exchange (LSE) and operating from premises in Canary Wharf . It operates the well known UK FTSE 100 Index as well as a number of other indices. FTSE stands for Financial Times Stock Exchange . The FTSE Group was created in 1995 by Pearson (former parent of the Financial Times ) and
15-702: The London Stock Exchange Group . In 2005, together with Dow Jones, FTSE launched the Industry Classification Benchmark , a taxonomy used to segregate markets into sectors. In 2010, the joint venture with Xinhua Finance was terminated, the index series was renamed into FTSE China Index Series; the Hong Kong incorporated company was renamed to "FTSE China Index Limited". In 2011, Pearson sold its stake to LSE. FTSE Group operates 250,000 indices calculated across 80 countries and in 2015
20-670: The New York Stock Exchange except Equity Investment Instruments (8980) and Nonequity Investment Instruments (8990). Dow Jones divested itself of its 50% interest in the ICB in 2011 and announced it was creating its own version of it. Source: Per the FTSE Global Total Cap Index , Information Technology is the biggest sector, with 25% of world capitalisation. FTSE Group FTSE International Limited trading as FTSE Russell ( / ˈ f ʊ t s i / "Footsie")
25-734: Was the number three provider of indices worldwide by revenue. FTSE Group earns around 60 per cent of revenue from annual subscription fees and 40 per cent from licensing for index-based products. Clients include both active and passive fund managers, consultants, asset owners, sell-side firms and financial data vendors . FTSE's products are used by market participants worldwide for investment analysis, performance measurement, asset allocation and hedging. Pension funds , asset managers, ETF providers and investment banks work with FTSE to benchmark their investment performance and use FTSE's indices to create ETFs, index tracking funds, structured products and index derivatives. FTSE also provides many exchanges around
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