Positive stock and bond correlation will make portfolios more volatile
Today's positive stock-bond correlation means balanced portfolios will be more volatile without the natural hedge that bonds have long provided to stocks.
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Outward bound from the Finnish
Finnish pension investor Ilmarinen is exploring whether to send a representative to South America as it intensifies its emerging market operations. Timo Ritakallio, who heads investment at the €29-billion ($39-billion) fund, says it is looking to access “more and more emerging market opportunities”. In January Ilmarinen sent a senior portfolio manager to run a “one-man
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