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[...]Table 1 below, which shows the correlation coefficient in price changes between each pair of the seven variables shown (the Bearbull portfolio, the FTSE All-Share index plus five listed funds of overseas securities that might suit my purposes). The thing to know is that, where values are positive, price changes on average move in the same direction and the closer the coefficient is to 1.0, the closer the price changes (thus the actual value of 1.0 in the table where a fund's price changes comprise both variables in the calculation). In portfolio building, negative correlation between pairs of assets is highly desirable, though in a portfolio consisting of equities it is rarely attained; even distantly-related equities tend to rise and fall in approximate unison. [...]the delight in seeing the ultralow correlation between returns from the Bearbull portfolio and contender investment trusts for Asian and European equities, JPMorgan Asia Growth&Income(JAGI) and JPMorgan European Growth & Income ( JEGI). [...]to raise the additional £100,000 - and maintain a continuous price history - 41,173 new units were issued. [...]as we speak, the income portfolio now has £200,000 of paid-up capital divided into 141,173 units and its market value is £342,878 or, as just noted, almost 243p per unit.