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XLK - How Sector Weights Inform Global P/E Multiples
SPDR Select Sector Fund - Technology
Marking the third anniversary of the Brexit referendum, I published an article yesterday that demonstrated the underperformance of U.K. stocks versus stocks in the U.S. over the past three years. As part of the article, I detailed the sector differences between the FTSE 100 and the S&P 500 (SPY). Seeking Alpha founder, David Jackson, noted: "It would be interesting to apply the P/E ratios of the US sectors to the UK sector weights, and see how the overall P/E ratio of the UK market compares to how it would be if the