suppose you were presented with the following two asset allocation plans

Plan A- 40% of portfolio in U.S. equities

10% of portfolio in developed foreign market equities

10% of portfolio in developing foreign market equities

30% of portfolio in corporate bonds

10% of portfolio in municipal bonds

Plan B- 20% of portfolio in U.S. equities

10% of portfolio in developed foreign market equities

0% of portfolio in developing foreign market equities

60% of portfolio in corporate bonds

10% of portfolio in municipal bonds

Which of the two would be preferable to the more risk averse investor?

And what would this investor be giving up in return for less risk?