September 17, 2020
Mark Litzerman, CFA, Head of Global Portfolio Management
Sameer Samana, CFA, Senior Global Market Strategist
Chris Haverland, CFA, Global Asset Allocation Strategist
Ken Johnson, CFA, Investment Strategy Analyst
Chao Ma, PhD, CFA, FRM, Global Portfolio and Investment Strategist
Krishna Gandikota, Investment Strategy Analyst
The Shifting Landscape of Equity Sector Composition
Key Insights
- The composition of equity benchmark indexes has evolved with the economy in recent decades, causing investors to rethink their approach to investing in sectors.
- Traditional labels such as growth, value, cyclical, and defensive can be useful tools, but they may be less relevant in today’s investment environment.
- Our approach to developing equity sector guidance is all-encompassing — as we consider macroeconomic, fundamental, thematic, valuation, and technical drivers.