chapter  9
18 Pages

Sector and Style Rotation: A Valuation Approach

ByMichael F Wilcox, Dan Fox

This chapter describes a methodology for identifying investment oppor­ tunities in segments of the global equity markets. These market segments may be defined in any convenient way, by parsing the names in the uni­ verse into economic sectors, for example; or by dividing the list of equi­ ties in a more statistical fashion, such as ranking all companies by size, by P/E ratio, or by book-to-market value (as is done in so-called “Style” analysis).