50/30/20 is the new 60/40 for portfolios, BNY executive Jose Minaya says

Core Viewpoint - The global head of investments and wealth at Bank of New York Mellon Corp advocates for a 50/30/20 asset allocation model, suggesting a shift from the traditional 60/40 model due to the increasing complexity of markets [1][3]. Group 1: Portfolio Allocation - Jose Minaya recommends a portfolio split of 50% equities, 30% bonds, and 20% alternative investments, such as hedge funds, real estate, and commodities [1][3]. - The traditional allocation of 60% stocks and 40% bonds is becoming less suitable as markets evolve [1][3]. Group 2: Role of AI in Investing - Minaya emphasizes that the future winners in investing will be diversified businesses that can leverage AI alongside their wealth management services [2]. - AI is seen as a tool to enhance portfolio management, capable of processing and assimilating vast amounts of information [2][3]. - The Bank of New York Mellon has already implemented AI agents to assist in investment strategies [2].