Investment Fund Proxy Vote

[debodun]

I received a ballot to vote whether to make the fund, in which I have invested, be classified as non-diversified or to stay diversified. I'm not sure what that means or how it would affect the profitability of the account.

 

[Gemma]

When you diversify your investments, you reduce the amount of risk you're exposed to in order to maximize your returns. Although there are certain risks you can't avoid, such as systemic risks, you can hedge against unsystematic risks like business or financial risks.