PT  - JOURNAL ARTICLE
AU  - Anthony A. Renshaw
TI  - Where Have All the Utilities Gone? <em>Financials Now Dominate a Crowded Low Volatility World</em>
AID  - 10.3905/jii.2015.6.3.058
DP  - 2015 Nov 30
TA  - The Journal of Index Investing
PG  - 58--66
VI  - 6
IP  - 3
4099  - https://pm-research.com/content/6/3/58.short
4100  - https://pm-research.com/content/6/3/58.full
AB  - Since mid-2012, the allocations to the financials sector in typical low volatility portfolios have doubled in most markets, and financials is now the largest sector allocation. At the same time, allocations to utilities and consumer staples have decreased substantially. The resulting portfolios may be so concentrated in financials that managing the resultant exposures may be difficult.TOPICS: Analysis of individual factors/risk premia, risk management