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I know there are 200+ sectors over which stocks are spread, but if there
isn't a tradable index for a particular sector, there's not much point to
such categorization in terms of pairs trading, for example. To date I've
used broad indexes to construct hedges, but would like to find a way to
narrow the offsetting choices.
Has anyone come across such a tool in conceptual terms?
Tia
Colin West
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