Experts favor US stocks in 60/40 portfolios

Leading financial experts favor US stocks and maintain a significant allocation to investment-grade bonds in their 60/40 portfolios, as of March 2025. This suggests a cautious optimism in the long-term market outlook. Model portfolios from top managers show a 4% overweighting in US stocks and a 6% position in high-yield bonds compared to market-cap-weighted benchmarks. Emerging markets are slightly underweighted. This consensus view, derived from low-turnover model portfolios, provides a reference point for investors rebalancing their portfolios, particularly regarding stock allocation and bond holdings.