$215.$ On June $23,2016,$ a referendum was held in the United Kingdom $($UK$)$ to determinewhether it would stay in the European Union. The outcome of the vote was in favor of leaving,called the Brexit. However, there is uncertainty about what the vote will mean for the future ofthe country. Tim has invested an important part of his portfolio in UK bonds and faces economicrisk, credit risk, and possibly foreign exchange risk for these investments.How should Tim manage his risk in the future to minimize these kinds of risks?Restrict his investments to those providing guarantees.Decrease his risk tolerance and minimize investing in bonds.Seek investments with an investor protection feature.Allocate his investments so they are better diversified.