CFA Level 1 Exam
Question No. 1
Keenan Omarik, a portfolio manager in the private banking division of GSK Bank, is trying to convince a
conservative client to diversify using international bonds and equities. Currently, the client holds only U.S. investments (but is well diversified) and is reluctant to change his allocation. All of the following statements support Omarik’s recommendation for international diversification EXCEPT:
Choose the correct option from the given list.
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