Who chooses a company's sector?

[ghotib]

Can anyone point me to information about how companies are classified into sectors, and who does it?

Just realised ASIC would be a good place to start looking so I'll go there. Any other ideas?

Thanks

Ghoti

[RichKid]

Yes, the ASX will have the classification. The acronym for the system is GICS (it was implemented recently if I recall correctly?) Global Industry Classification Standard. There must be a link or something under that heading.... okay went to the asx site and found the link to S&P and the GICS info.

http://www.asx.com.au/asx/statistics/indexInfo.jsp

There are a few booklets with the relevant info at the Standard&Poor's site.

I bet you've found this out already!