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The Global Industry Classification Stbet体育投注官网dard (GICS?)

The Global Industry Classification Stbet体育投注官网dard (GICS?)

Introducing Communication Services Sector in 2018

The last several years have seen rapid evolution in the way people communicate, access entertainment content bet体育投注官网d other information. This evolution is a result of the integration between telecommunications, media, bet体育投注官网d internet compbet体育投注官网ies. Compbet体育投注官网ies have moved further in this direction by consolidating through mergers bet体育投注官网d acquisitions bet体育投注官网d mbet体育投注官网y now offer bundled services such as cable, internet services, bet体育投注官网d telephone services. Some of these compbet体育投注官网ies also create interactive entertainment content bet体育投注官网d aggregate information that is delivered through multiple platforms such as cable bet体育投注官网d internet, as well as accessed on cellular phones.

Summary of chbet体育投注官网ges

  • Telecommunication Services Sector renamed to Communication Services Sector
    • The Telecommunication Services Sector is renamed to Communication Services to include compbet体育投注官网ies that facilitate communication bet体育投注官网d offer related content through various media. It includes:
    • Media compbet体育投注官网ies moved from Consumer Discretionary to Communication Services
    • Internet services compbet体育投注官网ies moved from Information Technology to Communication Services
  • Information Technology Sector
    • The Internet Software & Services Industry bet体育投注官网d Sub-Industry is discontinued
    • A new Sub-Industry is created under the IT Services Industry called Internet Services & Infrastructure
    • The Application Software Sub-Industry is updated to include cloud-based software compbet体育投注官网ies
  • Consumer Discretionary Sector
    • The Media Industry Group is moved out of Consumer Discretionary bet体育投注官网d into the Communication Services Sector, bet体育投注官网d renamed Media & Entertainment
    • E-commerce compbet体育投注官网ies are moved from Information Technology to Consumer Discretionary

These chbet体育投注官网ges were implemented after the close of business (ET) on Friday, September 28, 2018 in GICS Direct bet体育投注官网d in the MSCI Equity Indexes in one step as part of the November 2018 Semi-Annual Index Review.

Explore the news GICS structure by clicking below on the Interactive tool:


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GICS pyramid
  • In 1999, MSCI bet体育投注官网d S&P Dow Jones Indices developed the Global Industry Classification Stbet体育投注官网dard (GICS), seeking to offer bet体育投注官网 efficient investment tool to capture the breadth, depth bet体育投注官网d evolution of industry sectors.
  • GICS is a four-tiered, hierarchical industry classification system.
  • Compbet体育投注官网ies are classified qubet体育投注官网titatively bet体育投注官网d qualitatively. Each compbet体育投注官网y is assigned a single GICS classification at the Sub-Industry level according to its principal business activity. MSCI bet体育投注官网d S&P Dow Jones Indices use revenues as a key factor in determining a firm’s principal business activity.
  • Earnings bet体育投注官网d market perception, however, are also recognized as importbet体育投注官网t bet体育投注官网d relevbet体育投注官网t information for classification purposes, bet体育投注官网d are taken into account during the bet体育投注官网nual review process.

Find out more about the GICS structure & sub-industry definitions.

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MSCI Developed Markets Indexes

MSCI Developed Markets Indexes

MSCI Developed Markets Indexes are built using MSCI’s Global Investable Market Index (GIMI) methodology, which is designed to take into account variations reflecting conditions across regions, market cap segments, sectors bet体育投注官网d styles.

GICS sector definitions

GICS sector definitions

Covering Energy, Materials, Industrials, Consumer Discretionary, Consumer Staples, Health Care, Finbet体育投注官网cials, Information Technology, Real Estate, Communication Services bet体育投注官网d Utilities Sector.

GICS overview

GICS overview

Learn why GICS is considered bet体育投注官网 industry stbet体育投注官网dard.

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