For a more in-depth look at sector investing, Investment Professionals can register on SPDR University to access the article Staying A Step Ahead with Sector Investing.

Definitions

Sector Investing
The action of an investor or portfolio that invest assets into one or more sector of the economy such as Financials, Energy or Health Care.

S&P 500 Index
The S&P 500, or the Standard & Poor’s 500, is an index based on the market capitalizations of 500 large companies having common stock listed on the NYSE or NASDAQ. The S&P 500 index components and their weightings are determined by S&P Dow Jones Indices.

Macro
The part of the economics concerned with large scale or general economic factors such as interest rates and national productivity.

Alpha
The rate of return on a security or portfolio in excess of what would be predicted by an equilibrium model like the capital asset pricing model (CAPM).

Styles
The investment approach or objectives used to make choices in the selection of securities for a portfolio, with the most common value and growth for equities.

1State Street Global Advisors, Bloomberg, as of 9/28/2015