# Is the 60/40 Portfolio Still Fit for Purpose? State Street Investment Management’s CEO, Yie Hsin Hung, Discusses Flows, Valuations, EM, Private Equity Returns and Tokenisation, the Next Investment Frontier

Page: https://stenobird.com/podcast/money-maze-podcast-1224175/is-the-60-40-portfolio-still-fit-for-purpose-state-street-investment-management-s-ceo-yie-hsin-hung-discusses-flows-valuations-em-private-equity-returns-and-tokenisation-the-next-investment-frontier
Text version: https://stenobird.com/podcast/money-maze-podcast-1224175/is-the-60-40-portfolio-still-fit-for-purpose-state-street-investment-management-s-ceo-yie-hsin-hung-discusses-flows-valuations-em-private-equity-returns-and-tokenisation-the-next-investment-frontier.md
Podcast: [Money Maze Podcast](https://stenobird.com/podcast/money-maze-podcast-1224175)
Published: 2026-05-14T05:00:00+00:00
Episode link: https://audioboom.com/posts/8902984
Audio file: https://audioboom.com/posts/8902984.mp3?modified=1778690391&sid=5118743&source=rss
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/money-maze-podcast-1224175/episodes/is-the-60-40-portfolio-still-fit-for-purpose-state-street-investment-management-s-ceo-yie-hsin-hung-discusses-flows-valuations-em-private-equity-returns-and-tokenisation-the-next-investment-frontier
Duration seconds: 2362

## Resource

We were surprised, when researching for this interview, to learn that State Street Investment Management are the fourth largest asset manager globally, with circa $6 Trillion of assets. Size confers both opportunity and challenges, however, and in this conversation Yie-Hsin talks about the global savings gap and the evolution of Asset Management. She addresses the place of the historic 60/40 allocations in a world where bonds may not deliver, and inflation is stubborn. She reflects on the turbulence in private markets, the emerging market debt and equity opportunities and why tokenisation is becoming an increasingly potent force. In January 2026, State Street launched its own Digital Asset Platform, which includes wallet management, custodial, and cash capabilities to support tokenized asset development. The Money Maze Podcast is kindly sponsored by J.P. Morgan Asset Management *, IFM Investors , World Gold Council and LSEG . * During the episode we cite J.P. Morgan Asset Management as Europe’s leading active ETF provider by assets under management. This is sourced from J.P. Morgan Asset management and Bloomberg, data as of 30 March 2026. ‍

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/money-maze-podcast-1224175/episodes/is-the-60-40-portfolio-still-fit-for-purpose-state-street-investment-management-s-ceo-yie-hsin-hung-discusses-flows-valuations-em-private-equity-returns-and-tokenisation-the-next-investment-frontier/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/money-maze-podcast-1224175/is-the-60-40-portfolio-still-fit-for-purpose-state-street-investment-management-s-ceo-yie-hsin-hung-discusses-flows-valuations-em-private-equity-returns-and-tokenisation-the-next-investment-frontier.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.