Portfolio diversification involves lowering the correlation between portfolio assets to achieve
improved risk–return exposure. It is reasonable to infer from the classic Anscombe quartet …

In investment processes, it is almost impossible to allocate wealth directly at a single-
security level in the huge investable universe. Consequently, investors divide the whole …

To diversify, investors should avoid adding assets to their portfolio when their prices exhibit
high correlation. Industry diversification is a common portfolio diversification method. It is …

Empirical evidence has shown that modern portfolio theory relating to diversification had
failed investors in the recent financial crises, times when investors would hope that …

Portfolio optimization is the practice of determining the 'best'allocation of assets within a
portfolio in order to maximize returns at a given level of risk. The study aimed at establishing …

Selection of the asset class is crucial to the performance in investment management. Some
studies have researched the asset allocation with modern portfolio theory and found that …

In this dissertation, we study a series of diversification strategies in order to improve the
understanding of the diversification of investments that was mathematically established by …