“Investors recognize that sector diversification is important, but the sheer number of sectors makes it difficult for them to track and allocate their holdings evenly across industries,” said Christian Magoon, senior managing director at Claymore. “The Super Sector Indexes allow investors the opportunity to gain broader sector exposure or the potential to add balance to a concentrated portfolio.”
Morningstar first introduced its 15 sector indexes in 2002, 12 of which track individual sectors and three of which combine sectors based on their relation to and dependence on one another. Claymore is the first company to license the Super Sector Indexes.
Also in 2002, Morningstar introduced other indexes for the first time, including a broad U.S. market index, 15 style- and capitalization-based indexes and two dividend indexes.