Vantage Point: Achieving diversification 

Markets are in something of a holding pattern as they seek to understand the future direction of monetary policy. But after a period where bonds and equities were correlated, and equity returns were driven by a handful of stocks, how should an adviser think about diversification right now? Is the biggest question for portfolio constructors still around the duration of assets, or is it possible to build diversification to the extent that this becomes less important?