The global head of investments at Bank of New York Mellon Corp. suggests a 50/30/20 portfolio split, citing the need for further diversification in today’s markets. Jose Minaya emphasizes the importance of including alternative investments like hedge funds and real estate for better outcomes in wealth management. He also highlights the role of AI in managing portfolios and predicts that businesses combining AI with wealth management will be the future winners in investing.

Read more at Yahoo Finance: 50/30/20 is the new 60/40 for portfolios, BNY executive Jose Minaya says