PT  - JOURNAL ARTICLE
AU  - Bala G Arshanapalli
AU  - William B. Nelson
TI  - Yes Virginia, Diversification Is Still a Free Lunch
AID  - 10.3905/jwm.2010.13.2.034
DP  - 2010 Jul 31
TA  - The Journal of Wealth Management
PG  - 34--40
VI  - 13
IP  - 2
4099  - https://pm-research.com/content/13/2/34.short
4100  - https://pm-research.com/content/13/2/34.full
AB  - Recent financial market turbulence led many analysts to question the efficacy of diversification. This article uses changing correlations to show that diversification is still the tool that enhances risk-adjusted performance. Recent economic turbulence, however, makes it necessary to include more asset classes.TOPICS: Portfolio construction, risk management, financial crises and financial market history