Fidelity Executive Jurrien Timmer Unveils New Portfolio Model—What Percentage Does Bitcoin Hold?
Key Highlights: Timmer’s updated model allocates 60% of a portfolio to global equities, 20% to bonds and 20% to diversified alternative assets. The alternative-assets allocation includes gold, commodities, cash, Bitcoin, REITs and managed futures. Timmer said Bitcoin’s correlation with the S&P 500 is approximately 30%, while it has no correlation with U.S. Treasury bonds. Timmer ...