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The Global Industry Classification Standard (GICS) is a widely accepted framework for classifying companies into groups based on similarities. The GICS structure consists of 10 sectors, 24 industry groups, 68 industries, and 154 sub-industries. This structure offers four levels of hierarchy, ranging from the most general sector to the most specialized sub-industry:
- Sector
- Industry group
- Industry
- Sub-industry
Fisher Investments starts by breaking down Materials into its different components. According to GICS, the Materials sector consists of one industry group (Materials), five industries, and 15 sub-industries. (Chapter 4 of Fisher Investments on Materials lists Materials' industries and corresponding sub-industries.)
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