PT - JOURNAL ARTICLE AU - Mark A. Barnes AU - Anthony Bercel AU - Steven H. Rothmann TI - Global Equities AID - 10.3905/joi.2001.319471 DP - 2001 Aug 31 TA - The Journal of Investing PG - 43--49 VI - 10 IP - 3 4099 - https://pm-research.com/content/10/3/43.short 4100 - https://pm-research.com/content/10/3/43.full AB - The ongoing globalization of world economies and introduction of the euro have prompted the reevaluation of country and sector effects on security returns. Here is research on the relative importance of countries and sectors and the changes over time. While sectors seem to be growing in importance, country effects remain significant. Given a belief that this situation will persist for some time, the authors argue that active strategies cannot afford to ignore country effects.