the given data is inter-asset correlation matrix for all variables using the Jan 2011 - Dec 2022 data.

	A-REITs	Shares	Bonds	Cash	Unlisted Property Funds	Office Funds	Retail Funds	Industrial Funds	Inflation
A-REITs	1.00
Shares	0.78	1.00
Bonds	0.03	0.34	1.00
Cash	-0.04	0.03	0.22	1.00
Unlisted Property Funds	0.02	0.04	-0.04	0.05	1.00
Office Funds	-0.05	-0.05	-0.02	-0.05	0.84	1.00
Retail Funds	0.05	0.07	0.01	0.23	0.75	0.34	1.00
Industrial Funds	0.05	0.05	-0.07	-0.21	0.55	0.58	0.04	1.00
Inflation	-0.05	-0.16	-0.21	-0.13	0.18	-0.02	0.31	0.08	1.00

Based on the analysis , explain in-detail on the inter-asset correlations concerning portfolio diversification for the following scenarios:

-the diversification feasibility of a blended property portfolio strategy using investment vehicles

-identify the combinations from the three unlisted sub-sector funds that offer (1) the best and (2) the worst diversification benefits

-if an investor has a conventional portfolio of shares and bonds, does the inclusion of either A-REITs or unlisted property funds enhance diversification benefits?