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You are building a portfolio and you already have one mutual fund selected. You have three choices for your second pick. Their correlations with the

You are building a portfolio and you already have one mutual fund selected. You have three choices for your second pick. Their correlations with the existing fund are shown below. Which fund should you pick? Investment Correlation with Existing Asset

Fund A 0.91

Fund B 0.89

Fund C 0.83

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