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

Tue, October 7, 2025 at 12:46 PM CDT 1 min read

An executive at Bank of New York Mellon Corp. said he advocates a 50/30/20 portfolio split.
Jose Minaya said that markets are more sophisticated, so further diversification is needed.
He said he thinks AI can be used to manage and build portfolios.

Forget 60/40: The global head of investments and wealth at Bank of New York Mellon Corp has said you should balance your portfolio 50/30/20.

Jose Minaya said the popular approach has generally been 60% stocks and 40% bonds or 70% and 30%, Jose Minaya told Bloomberg in a recent episode of the "Masters in Business" podcast.

When asked for his preferred asset allocation model, Minya said "50/30/20."

He said investors should consider a split between equities, bonds, and alternative investments, like hedge funds, real estate, and commodities, because markets are now more "complex and sophisticated."

"The more access you have to different types of assets, the better the outcome," he added.

Minaya also said "the winners for tomorrow" in investing will be diversified businesses with the capital to invest in AI and combine it with their wealth management services.

He added that AI could be used to build and manage portfolios.

Minaya referred to BNY's use of AI agents, which it introduced earlier this year.

"AI is able to go through a lot more information and assimilate that information," Minaya added. "I still say that human beings with AI will be better than human beings without AI."