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What America's $1 trillion direct indexing boom tells us about the evolution of MAs

BY   |  THURSDAY, 1 OCT 2026    2:09PM
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The concept of diversification was famously described as the 'only free lunch in finance' by the father of portfolio theory, Harry Markowitz.

How to really defend your portfolio

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No-one in their right mind would invest purely in a single asset class. Most people are invested in what is called a "balanced" portfolio that contains ...