Strategists’ Recommended Allocations for Stocks, Bonds, Cash

The table gives recommendations for how much of their assets investors should have in stocks, bonds and cash from strategists at brokerages.

Firm               Stocks    Bonds   Cash    Commodities
Bank of America     65.0%    33.0%    2.0%
HSBC -a             18.0%    59.0%    5.0%    6.0%
JPMorgan            60.0%    25.0%   15.0%
Oppenheimer -b      55.0%    25.0%    5.0%   10.0%
UBS -c              48.1%    38.0%    4.2%    5.0%
Mean                49.2%    36.0%    6.2%    7.0%
Median              55.0%    33.0%    5.0%    6.0%
High                65.0%    59.0%   15.0%   10.0%
Low                 18.0%    25.0%    2.0%    5.0%

      a. HSBC also recommends investing 8 percent in gold, 4
percent in real estate.
      b. Oppenheimer also recommends investing 5 percent in real
      c. UBS also recommends investing 4.75 percent in real

*Note: Barclays recommends an overweight position for developed
market equities; neutral for emerging-market equities,
commodities and global government bonds; and underweight for
global credit.
       Deutsche Bank recommends an overweight position for
equities, underweight for bonds and cash, and neutral for

To contact the reporter on this story: Inyoung Hwang in New York at

To contact the editor responsible for this story: Lynn Thomasson at

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