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Diversifying an investment portfolio increases the return to risk ratio. Diversifying internationally heightens the benefits of diversification. Explain why this is. Diversifying into frontier and

Diversifying an investment portfolio increases the return to risk ratio. Diversifying internationally heightens the benefits of diversification. Explain why this is. Diversifying into frontier and emerging markets can increase the return to risk ratio even more than diversifying into developed countries. Why is this? (250 words minimum)

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