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ICB (Industry classification benchmark): is a classification system developed by Dow Jones and FTSE, developed and applied since 2006 with 10 major industry groups, 19 industry groups, 41 industries and 114 sub-sectors. Although newly developed, ICB has quickly gained popularity globally and is chosen by investors. ICB is currently used for segmentation in 73 countries such as the US, European countries and Asia Pacific with a database containing more than 70,000 companies and more than 75,000 stocks.
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