Cyclicals

USA (Super sectors)

• Energy
• Materials
• Industrials
• Consumer Discretionary
• Financials
• Information Technology

Europe

• Automobiles and Parts
• Banks
• Oil and Gas Producers
• Oil and Gas Equipment & Services
• Mining
• Industrial Metals
• Chemicals
• Construction and Materials
• General Financials
• General Industrials
• Industrial and commercial services
• Media
• Personal Goods
• Real Estate
• General Retailers
• Technology (Hardware)
• Technology (Software)
• Travel and Leisure

Defensive

USA

Europe

• Aerospace
• Food Producers
• Beverages
• Pharma and Biotech
• Telecommunications (Fixed)
• Telecommunications (Wireless)
• Utilities (Electricity)
• Utilities (Gas, Water, Multi)