All financial advisers agree that portfolio diversification is the key to risk reduction. Mr. Choueifaty, who is originally from Beirut, is a mathematician who has spent his career in the asset management business. What they should really be concerned about is creating wealth by driving the benchmark itself higher while reducing risk in the process. Financials, the other big sector in the TSX at 35.64 per cent, has only a 22.1-per-cent weighting in the portfolio. By contrast, consumer staples has a 14.4 per cent portfolio weighting while the index gives that sector only 4.16 per cent.

Source: thestar November 26, 2016 11:03 UTC