In the consumer discretionary sector, Japan has by far the highest
weight of all geographic regions, primarily because of the presence of
Toyota Motors, one of the largest non-U.S.-based corporations in the
world. This sector covers companies that produce products that con-
sumers generally buy with discretionary income. Sony Corporation,
Honda Motor, and Matsushita Electric Industrial also contribute to this
sector. In the United States, the largest firms in the consumer discre-
tionary sector are Comcast, Time Warner, and Home Depot while in Eu-
rope DaimlerChrysler is the largest.
176 PART 2 Valuation, Style Investing, and Global Markets
TABLE 10–5
Top 20 U.S. and Foreign Companies by Total Market Value in June 2007