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FTSE buys Dow Jones out of joint venture

  •  
By Victoria Tait
  •  
1 minute read

Index provider FTSE Group has acquired Dow Jones's half of their joint venture, Industry Classification Benchmark (ICB), a sector and industry analysis tool.

"The acquisition underlines FTSE's commitment to developing ICB alongside a robust range of benchmark solutions and decision support tools for global investors," the company said.

 ICB contains information on 80,000 stocks. Dow Jones Indexes will continue to maintain its own classification system based on the ICB. «