FTSE Group (“FTSE”), the award winning global index provider, today announces that renowned Chicago-based academic institution – Center for Research in Security Prices (CRSP) – has chosen the Industry Classification Benchmark (ICB) as their preferred classification system.
Located in Chicago, the Center for Research in Security Prices (CRSP) forms an integral part of the Booth School of Business, celebrated for its cutting-edge financial and economic research. With comprehensive coverage, ICB forms a robust and independent research tool, offering a consistent standard across analysis, stock selection and performance measurement. CRSP will be using ICB, in future stock market research, financial analysis and within their comprehensive database.
ICB forms the definitive global classification standard adopted by the international investment community, from global index providers, to financial media, fund managers and leading stock exchanges, which together represent over 65% of the world’s market capitalisation. Forming an independent investment tool, ICB is suitable for use in a range of practices from benchmarking to performance measurement and research/analysis.
The transparent and comprehensive classification system enables categorisation of individual securities across four levels of granularity; Industry, Supersectors, Sectors and Subsectors. Covering a universe of 75,000 stocks across 73 countries, the leading system offers extensive geographic reach in one single data source.
“CRSP is developing a family of investable indexes and related research products which include market-cap, value/growth and industry sector indexes,” stated David Barclay, CRSP Chief Operating Officer. “We are very pleased to include FTSE’s ICB structure in this effort. Its unique balance of broad categorisation and granular information is highly regarded by our academic and commercial clients.”
Sudir Raju, Managing Director for ICB at FTSE said of the announcement "We are pleased to licence CRSP with ICB. Their academic research is referenced by leading financial institutions around the world. The addition of ICB will provide CRSP with a definitive global classification system for use across their research and database requirements.”
