Invesco's Millar: Negotiating dynamic global markets needs 'true diversification'

An unconstrained research agenda gives us the freedom to achieve true diversification, which is necessary in order to negotiate the changing dynamics of global markets. Once we have looked across asset classes and geographies for long-term investment ideas, the next step is to apply robust risk management tools in order to bring the ideas together. The key is how all the ideas work together and, importantly, how they interact with each other to reduce overall risk. Traditionally, many investors have relied on the diversification benefits of holding both equities and bonds in a portfol...