RT Journal Article SR Electronic T1 Yes Virginia, Diversification Is Still a Free Lunch JF The Journal of Wealth Management FD Institutional Investor Journals SP 34 OP 40 DO 10.3905/jwm.2010.13.2.034 VO 13 IS 2 A1 Bala G Arshanapalli A1 William B. Nelson YR 2010 UL https://pm-research.com/content/13/2/34.abstract 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