As of 1 April this year, ICEX will implement the Global Industry Classification Standard (GICS) developed by Morgan Stanley Capital International (MSCI) and Standard & Poor?s (S&P) for classifying listed companies into industries. This is done in order to achieve harmonisation with the other NOREX exchanges. Calculation of new sector indices, based on the GICS classifications, will begin at the same time. The new indices will be calculated retroactively to the beginning of 2005 and will each have an initial value of 100 as of the end of 2004.
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here to download ICEX News & Views volume 5, issue 11, 21 March 2005.
