Miss Minnie is being promoted to a new position as the corporate financial manager of Brilliant Bhd. This is due to her vast experience in handling the company's accounting and operational activities. She is now considering investing the additional funds of the company by constructing several investment portfolios consisting of two risky assets. She has instructed you as her subordinate in the finance department to provide him the result of combining several risky investments.

Portfolio Covariance Correlation Buzz and Light 0.4152 0.9828 Kok and Soo 0.1562 0.2158 Hope and Suga -0.2554 -0.3658 Gun and Solo -0.3693 -0.7573

Required: a. Explain which investment portfolio is the best alternative. (6 marks) b. Describe which investment portfolio should be chosen in the following condition. i. Boom or rising ii. Depression or downturn