%0 Journal Article %A José R. Aragonés %A Carlos Blanco %A Juan Mascareñas %T Active Management of Equity Investment Portfolios %D 2001 %R 10.3905/jpm.2001.319800 %J The Journal of Portfolio Management %P 39-46 %V 27 %N 3 %X The main purpose of this article is to show how the VaR methodology can be effectively applied for risk measurement and management of equity portfolios, introducing a sector approach in the analysis. The risk aggregation problem of equity portfolios is addressed by grouping individual positions in the corresponding industry sectors as a first step toward an effective risk management tool to measure the tracking error against a benchmark index. %U https://jpm.pm-research.com/content/iijpormgmt/27/3/39.full.pdf