Portfolio construction in the aftermath of the crisis

The biggest lesson to be learned from the global financial crisis is the greater awareness of the impact of risk on any investment. Whether the appreciation for risk will remain well beyond the end of the crisis -- whenever that may be -- remains to be seen. Shane Oliver, Sydney-based head of investment strategy and chief economist at AMP Capital Investors, highlights two key points from the global financial crisis. First, quantitative measures of the riskiness of assets and the corr…