Diversification: It's Not Just for Defense Anymore

Core Viewpoint - Diversification is shifting from a defensive strategy to an offensive one, as international, emerging-market, small stocks, and value stocks have significantly outperformed the S&P 500, which has shown volatility without substantial movement this year [1] Group 1 - The S&P 500 has experienced significant fluctuations but has not made meaningful progress in terms of overall performance this year [1] - International and emerging-market stocks, along with small and value stocks, have seen substantial gains, indicating a shift in investment focus [1]