Return correlations for the major asset classes continue to trend higher this year, based on the median of pairwise relationships for rolling one-year periods via a set of exchange-traded products. The median correlation is still well below levels reached in 2017, but the upward bias of late implies that finding diversification benefits through a multi-asset class portfolio will face stronger headwinds on the margins in the near term.
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US spy agencies see link of Saudi prince to Khashoggi’s disappearance: NY Times
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UK looking for extension on transitioning out of EU: BBC
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