Is a sector of the economy represented in a diversified portfolio by large conglomerate companies that own separate substantial business units, often unrelated to each other, and operating in more than one sector of the economy. Conglomerates are large and often multi-national corporations. They have become much less popular over the past years as it has become increasingly difficult to manage such large unrelated businesses effectively. Many of them have been broken into separate companies to increase value and management’s effectiveness. (See also Sector Investing, Finance Sector, Utility Sector, Manufacturing Sector, Resource Sector and Consumer Sector.)
Investor's Digest of Canada •2015-05-26 •
Conglomerates often get a bad rap for being a jack of all trades. But for investors seeking diversification, these multi-sector stocks can be just the ticket. That’s the word from Read More
