00.050.10.150.20.250.020.040.060.080.1efficient frontierUS equityIntl equityEM equitySmall capCorp bondsGovt bondsREITsCommoditiescapital market line (Sharpe 0.45)annualised volatilityexpected annual returnEvery single asset sits inside the frontier: that is diversificationefficient frontierindividual assetscapital market line (Sharpe 0.45)minimum variance20406080100120140random
portfolios
per bin