Ken Shinoda explains how the recent Iran peace deal and Fed actions have calmed inflation fears, impacting the bond market. He suggests reimagining the traditional 60/40 portfolio split, advocating for shorter-duration, high-quality credit assets within the fixed-income allocation. Ken also discusses current ETF flows, highlighting continued demand for core-plus solutions and specialized securitized offerings, noting the ongoing growth and prevalence of the ETF wrapper in the market.