Lessons in asset classes

Lessons in asset classes
(Image: Getty)
David Chaplin
How to make a portfolio.Take three simple ingredients – cash, bonds and equities – and mix to taste.While the basic recipe hasn’t changed much since the late Harry Markowitz cooked up "Modern Portfolio Theory" in a seminal 1952 article, the range of flavourings has expanded considerably.“Currently, most investment professionals include real estate, commodities, futures, other financial derivatives, and even cryptocurrencies in the asset class mix,” Investopedia says. “Investment assets include...

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