One of the most important features of the investment markets of the last decade or more has been the gradual rise, across the globe, in the correlation relationships between assets of all types. That is, markets are increasingly moving together. These markets can be as diverse as an emerging country equity index and a domestic equity sector…Too much similarity among dissimilar investments leads, in fact, to instability.
One of the most important features of the investment markets of the last decade or more has been the gradual rise, across the globe, in the correlation relationships between assets of all types. That is, markets are increasingly moving together. These markets can be as diverse as an emerging country equity index and a domestic equity sector…Too much similarity among dissimilar investments leads, in fact, to instability.