BNY Mellon CEO Robin Vince Talks US Assets
episodePreviously titled “Robin Vince Talks US Assets” — renamed by the publisher on Aug 3, 2026
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What is the main topic discussed in this episode?
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Now, we really don't see that in the data at this point. I remember where we've come from, which is the U.S. has been really an incredibly strongly performing market, strong economy. People have been predicting the U.S. to be It's some type of decline from an economic point of view. Recessions. We've talked about that in the past two or three years. None of that's actually happened. And in fact, now I think you find and you've heard this on your show, more optimism associated with what the next year holds from an economic point of view. GDP pretty solid, looking to potentially even expand in 2026. You've got the stimulus checks coming the way that they actually didn't adjust the withholding in order to be able to encourage those stimulus checks.
That all is a pretty good setup. And you've got to be in the preparedness business. We're all risk managers. And at the end of the day, you've got to be resilient because things can go wrong, things can happen. But I think that's the setup. And so reallocating away from the U.S. in the face of that, probably not the smartest choice to make, but you've got to be diversified. So you can't have the concentration. The U.S. has been a pretty concentrated bet over the past few years.
What insights does Robin Vince offer about the current state of US assets?
Although what's the consequence of that? I mean, there's a difference between reallocating away from and diversifying. There is some knock on effect, which is maybe some people are calling sell America. Other people are just saying diversifying and hedging your bets. I mean, how much will that affect the funding conditions of the United States? Look, diversification makes sense. One needs to have a balanced portfolio. It's just good risk management. It's good investment management to make sure that you've got exposure to the various different opportunities that are out there. But we certainly have seen, and look around, we're a global firm. We provide platforms and serve clients all across the world.
But when you look at the US and you just look at the facts of the performance over the course of the past decade, you look at all the innovation that's been in the US, all of the value that's created, AI is one example, technology more generally, it would have been a mistake to not have participated in the U.S. market. And so a little bit of rebalancing, a little bit of sort of thinking about how to make sure you've got the right portfolio, whether it's equities, fixed income. We talk about 60-40. Oh, gosh, it was dead. Now it's back. Bonds. OK, where do you want to be exposed to in the bond market? The U.S. bond market is still the most liquid market in the world, and it is still the closest thing to a risk-free asset that there actually is.
How important is it that Senator Tom Tillis stays in Senate at least for the next 364 days? He was on just moments ago with us and he was talking about how he's not going to hold confirmation hearings until the DOJ suit or inquiry into Fed Chair Jay Powell is lifted. I'm just wondering from your perspective how important it is to see that type of noise die down around the Federal Reserve for you to feel confident that this truly is going to remain the status quo going forward?
How does Robin Vince view the future economic outlook for the US?
Right. Well, the Senate is a great public servant and I appreciate all of his time serving in the U.S. Senate. But I think you hit the key point, which is at the end of the day, it's not super helpful for the long term objectives of the U.S., which are keep interest rates on the low side to be able to make it easier for people to be able to borrow, to be able to buy a home, to be able to fund a car payment, for companies to be able to borrow in order to be able to fund and invest their businesses.
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Chapters
4 chapters
1
What is the main topic discussed in this episode?
0:00–1:44
2
What insights does Robin Vince offer about the current state of US assets?
1:44–3:22
3
How does Robin Vince view the future economic outlook for the US?
3:22–5:38
4
What strategies does Robin Vince suggest for diversifying investments?
5:38–7:08
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