Market Mover Il portafoglio globale
Oct 25, 2025
Andrea Franceschi, a financial journalist and commentator, unpacks the nuances of global asset allocation. He debates whether an ideal allocation exists, noting it relies heavily on personal factors like age and risk tolerance. Andrea delves into Goldman Sachs' global portfolio study, suggesting a blend of 50% equities, 37% bonds, and 14% alternatives. With a spotlight on the US market's dominance, he examines sector concentrations, global bond diversity, and evaluates the role of cryptocurrencies in modern portfolios. A must-listen for investing enthusiasts!
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Global Portfolio Weighting And Returns
- Goldman Sachs constructed a global portfolio showing equities ~50%, bonds ~37%, and alternatives ~14% of investable assets.
- The portfolio's real annual return since 1990 is about 3% per year, lower than a 100% equity allocation but steady in real terms.
US Equity Concentration And Tech Dominance
- US equities currently dominate the global equity market, comprising about 64% of it and driving concentration risks.
- Technology is a major driver of that concentration, amplifying US market influence globally.
Bonds Offer Broader Geographic Diversification
- US dominance is also strong in global bonds but represents less than 50%, yielding wider geographic diversification in fixed income.
- This broader bond distribution can benefit investors using global bond instruments for diversification.