$-0\mathrm{.}32.$ and REITs is $0\mathrm{.}74$ and the correlation between core bonds and REITs is $-0\mathrm{.}04.($Past performance is no guarantee of future results.$)$

You are considering portfollo investments that are composed of an S&P $500$ index fund and REITs as well as portfolio investments composed of a core bonds fund and REITs.

S&P $500$ and REITs

core bonds and REITs

expected return

$\%($Round to $3$ decimal places$)$

standard deviation

$\%($Round to $2$ decimal places$)$ expected return

$\%($Round to $3$ decimal places$)$

standard deviation

$\%($Round to $2$ decimal places$)$

expected return

$\%($Round to $3$ decimal places$)$

standard deviation

$\%($Round to $2$ decimal places$)$

$($e$)$ Which of the portfollos in parts $($b$),($c$),$ and $($d$)$ would you recommend to an aggressive investor? Why?

The portfolio consisting of is recommended for the aggressive investor because of its return and moderate amount of risk.

Which would you recommend to a conservative investor? Why?

The portfolio consisting of $[$

is recommended to the conservative investor because of its moderate return and $-$ Select$-$ risk.