The increase in specialist funds has led to more use of multi-manager funds, which despite additional costs can provide excellent returns
Despite its current popularity, globalisation is not a new trend, but rather a reinvigorated one. Instead of the huge conglomerates that dominated the corporate landscape in the last century, this current incarnation of globalisation brings with it a related trend towards specialisation. In a truly globalised economy, companies can become very large by dominating a single niche area. While this trend is evidenced by newer firms like Google, traditional conglomerates are reacting to this challenge by shedding divisions and peripheral businesses to become more focused on their core competen...
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