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Consider four developed markets with the following allocation to the top 3 industry sectors: Market 1 Market 2 Market 3 Market 4 Technology (20%) Financials

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Consider four developed markets with the following allocation to the top 3 industry sectors: Market 1 Market 2 Market 3 Market 4 Technology (20%) Financials (15%) Consumer Staples (20%) Financials (15%) Healthcare (20%) Financials (20%) Technology (15%) Technology (15%) Consumer Basic Materials (10%) Cyclicals/Discretionaries (10%) Industrials/Capital Goods (10%) Energy (10%) Equal allocation to which two markets provides the best defense in times of market downturn? O Market 2 and Market 3 O Market 1 and Market 4 O Market 2 and Market 4 O Market 3 and Market 4 O Market 1 and Market 3

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