A manager's assessment of a particular security, investment or strategy is not intended as an investment recommendation; it is intended only to provide insight into the fund's portfolio selection process. (franklintempleton.com)
Wes details how and why Harry Markowitz, who won the Nobel Prize in 1990 for his groundbreaking work in portfolio selection and modern portfolio theory, used a simple equal - weight 50/50 allocation between bond and equities when investing his own money. (mutualfundobserver.com)
If you care to read this, here is the seminal academic paper on Portfolio Selection by Markowitz (1959) (retailinvestor.org)