Discuss the importance of the asset allocation decision for portfolio performance. Deciding what percentage of portfolio funds will be invested in...

Discuss the importance of the asset allocation decision for portfolio performance. Deciding what percentage of portfolio funds will be invested in each country and each class of assets (e.g., bonds and stocks) is referred to as the asset allocation decision and accounts for more than 90 percent of the variance in quarterly returns for large pension funds. (moderate) 4. Distinguish between systematic and nonsystematic risk. What are two other names for each?