Conglomerates, virtually by definition, are an unwieldy and heterogeneous lot. Many have their fingers in multiple industry groups, but not necessarily in the same or overlapping categories. Consequently, it's rare to find sector funds or sector performance statistics that have any particular utility. That said, a look at a select list of top conglomerates shows that this was a pretty challenging year for the sector.
Only A Few Winners
Admittedly there's some selection bias here, as there is no standard definition of a "conglomerate" and many would-be conglomerates are folded into other industrial or financial categories. Nevertheless, it looks like the winners in the conglomerate space were few and far between.
Please follow this link for the full piece:
http://stocks.investopedia.com/stock-analysis/2011/2011-In-Review---Conglomerates-TYC-BRK-A-HIT-PHG1222.aspx
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