diversification

China is reaping the rewards from that diversification.

They have also committed to putting C$5bn into a trade diversification fund.

Markowitz’s insight was simple but profound: Rather than focusing on individual stocks, investors should construct portfolios that balance risk and return through diversification.

This democratization has been driven largely by industrialization and the diversification of distribution channels, which have reshaped the availability and affordability of these products.

But with diversification, you get the same or higher returns, and lower overall risk.