RT Journal Article SR Electronic T1 The Search for European Sector Exposure JF The Journal of Alternative Investments FD Institutional Investor Journals SP 69 OP 72 DO 10.3905/jai.2002.319045 VO 5 IS 1 A1 Sandy Rattray YR 2002 UL https://pm-research.com/content/5/1/69.abstract AB The belief that sectors are more diversified than countries and that sectors explain more of the return of stocks than countries do has become very widespread. Particularly in Europe, the majority of investors have been following a “sector approach” for several years. In this article, I review a range of instruments for sector-based allocation including portfolio trades, futures, swaps, and exchange-traded funds (ETFs).