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As badly as the broader sector has performed, some banks have held up better than others.
But actually growth across the broader sector has been smaller in the United States than elsewhere in the developed world.
The fund's woes also mirror issues in the broader sector of social impact investing, which has estimated assets of $12 billion, according to Tessa Hebb, an adjunct professor at Carleton University in Ottawa, Canada.
Vodafone dipped 0.2p to 225.8p, but analysts at JP Morgan Cazenove looked at the prospects for a re-rating of the mobile phone group's shares: Vodafone shares are up 53% year to date with this reflecting an agreement to sell its Verizon Wireless stake for $130bn and a broader sector rally fuelled by hopes of improving regulation and industry consolidation.
Aside from the better-than-exepcted results, the stock was driven by broader sector gains.
The broader sector, as measured by the Technology SPDR exchange-traded fund, rose 1%.
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He prefers enterprises that operate in nooks and crannies within broader sectors, most notably health care, which he expects to thrive as the population ages and, gruesome as it may sound, needs more spare parts.
Leah Modigliani, a researcher at Morgan Stanley, has worked with her grandfather Franco Modigliani, a Nobel-prize-winning economist, on a risk-adjusted measure (informally known as M2) that allows investors to compare individual funds as well as broader sectors and indices.
Social ties take a range of forms, some of which may be hierarchical (e.g., ties formed as a result of reporting structures within organizations or in broader sectors).
Should the Groupon share price fizzle, it could dampen enthusiasm for the broad sector.
"A broad sector of blacks not only opposed the Vietnam war, but also wished for a Vietnamese victory.
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CEO of Professional Science Editing for Scientists @ prosciediting.com