When scanning the market for a top exchange-traded fund (ETF) to buy for the new year, choosing a beaten-down sector or theme is usually a great bet.

In 2022, the consumer discretionary sector, tech, and communications suffered steep sell-offs. And with so many quality names in those sectors, they were good picks for 2023.

But investors looking for value and income might find the market's high valuation of many growth-orientated sectors off-putting.

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Source Fool.com