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We began the year with a different point of view than everybody else, and the world has come around to our view. In this video, Steven Wieting and David Bailin examine the Private Bank’s past, present and future global outlook. Geographic diversification continues to be a critical component of a dynamic asset allocation. Given the number of large economies in the emerging world, there are idiosyncratic risks, political distractions, security concerns, but when you put them all together you end up with a story that is significantly less risky than a home-biased single-country portfolio.