The Global Industry Classification Standard® (GICS®) assigns companies to business classifications, such as the Consumer Staples sector, according to their principal business activities. The sector is the first level of the four-tiered, hierarchical industry classification system that includes 11 sectors, 24 industry groups, 69 industries, and 158 sub-industries. The GICS assignment system uses quantitative and qualitative factors, including revenues, earnings, and market perception. GICS was developed in 1999 and is jointly managed by S&P Dow Jones Indices and MSCI.
The Consumer Staples sector comprises companies primarily engaged in:
• Food and staples retailing and distribution, such as owners and operators of hypermarkets, super centers, and pharmacies;
• Producing food, beverage, and tobacco products; and
• Manufacturing household and personal products, such as detergents, soaps, diapers, cosmetics, and perfumes.