Morgan Stanley: Recommends a "conservative" crypto allocation for certain portfolios
Jinse Finance reported that financial services giant Morgan Stanley has released guidelines for cryptocurrency allocation in multi-asset portfolios, and in a report submitted to investment advisors by the Global Investment Committee (GIC) in October, recommended a "conservative" approach. Morgan Stanley analysts suggest allocating up to 4% to cryptocurrencies in an "opportunity growth" portfolio, which is designed for higher risk and higher returns. The report notes, "Although this emerging asset class has experienced outsized total returns and decreased volatility in recent years, cryptocurrencies may experience higher volatility and greater correlation with other asset classes during periods of macroeconomic and market stress."
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