What I think the mutual fund industry has turned into, largely, is a stock picking industry, not a portfolio diversification industry.

我认为,共同基金行业在很大程度上,已经演变成选股行业,而非投资组合多样化行业

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He says he has since diversified his portfolio, picking shares in established Canadian companies and industries that provide considerable dividend income.

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Along with PowerShares, Dorsey Wright, the well-known research shop, has its own ETF that uses a trend following methodology when picking its portfolio constituents.

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With this strategy, he argues, investors can reduce the volatility of the portfolio and the risk of picking the loser rather than the winner.

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