According to Shundrawn Thomas, head of Northern Trust's funds and managed accounts group, which sponsors and manages FlexShares funds, the Core Select Bond fund provides
efficient diversification through liquid investments in underlying fixed income ETFs and individual securities.
Through
efficient diversification, investors can increase their long-run, risk-adjusted returns by reducing the correlation of their returns.
The goal is more energy
efficient diversification in other businesses and Russia's regions.
I give my students my 1959 book -- Portfolio Selection:
Efficient Diversification of Investments -- and then readings that have developed since.
Greater stability through
efficient diversificationMckenzie, 1994, "Thrift Asset-Class Returns and the
Efficient Diversification of Thrift Institution Portfolios", Real Estate Economics, 22:95-116