Mirae Asset Global Investments Chairman Hyeon Joo Park called for investors to allocate 25% of their portfolios across four key markets stocks, bonds, real estate, and alternatives private equity, hedge funds, infrastructure, commodities in a January 2026 keynote at the Asian Financial Forum in Hong Kong. Park argued that the traditional 60/40 stock-bond mix is no longer sufficient in an era of higher volatility, persistent inflation, elevated interest rates, and geopolitical fragmentation.
He emphasized that spreading risk across uncorrelated asset classes can significantly reduce drawdowns while preserving long-term returns. Park specifically recommended:
The chairman highlighted Mirae Asset’s own shift toward multi-asset and alternatives strategies, noting the firm’s rapid growth in private markets and real assets under management. He warned that over-reliance on public equities and long-duration bonds leaves portfolios vulnerable to simultaneous equity crashes and rising yields, a scenario that materialized in 2022 and could repeat.
Park’s 25% rule has resonated widely among Asian institutional investors and wealth managers seeking resilient allocation models amid uncertain macro conditions. Mirae Asset plans to launch new multi-asset products in 2026 aligned with this framework.
Mirae Asset chairman advocates 25% diversification in four markets