TY - JOUR T1 - Yes Virginia, Diversification Is Still a Free Lunch JF - The Journal of Wealth Management SP - 34 LP - 40 DO - 10.3905/jwm.2010.13.2.034 VL - 13 IS - 2 AU - Bala G Arshanapalli AU - William B. Nelson Y1 - 2010/07/31 UR - https://pm-research.com/content/13/2/34.abstract N2 - 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 ER -