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Explain the utilitarian perspective of manipulation.
Internationally-Diversified Portfolio
An investment portfolio that includes assets from a variety of countries outside the investor's home country to reduce risk and enhance returns.
Country Selection
Asset allocation in which the investor chooses among investments in different countries.
Stock Selection
An active portfolio management technique that focuses on advantageous selection of particular stocks rather than on broad asset allocation choices.
Political Risk
Possibility of the expropriation of assets, changes in tax policy, restrictions on the exchange of foreign currency for domestic currency, or other changes in the business climate of a country.
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