6. (a) Julie is a portfolio manager and leading in Singapore unit trust. She is planning to consider in diversifying her investment by investing in foreign country. Below are the information for each countries. Share market Expected Return (%) Standard deviation (%) 8.20 15.50 Japan Malaysia China 20.50 5.30 19.50 4.25 Below are two alternatives for Julie to choose: i. She decides to invest equally in Japan and Malaysia with the correlation for both is 0.85. ii. She decides to invest 30 percent in China and 70 percent in Japan with the correlation is 0.55. Determine the best alternative and justify your answer. (15 marks)