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景顺投资(Invesco):2026年全球投资展望报告:韧性与再平衡(英文版)(15页).PDF

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1、20 26 A N N UA L I N V E ST M E N T O U T LO O KResilience and rebalancingPresented byInvesco Strategy&InsightsThis marketing communication is for Professional Clients and Financial Advisers in Continental Europe(as defined in the disclosures on page 15),for Professional Clients in Switzerland,for Q

2、ualified Clients/Sophisticated Investors in Israel;for Professional Clients in Dubai,Ireland,the Isle of Man,Jersey,Guernsey and the UK;for Sophisticated or Professional Investors in Australia;wholesale investors(as defined in the Financial Markets Conduct Act)in New Zealand,Institutional Investors

3、in the United States;in Canada,this document is restricted to Institutional Investors and Advisors;certain specific Institutional Investors in Malaysia upon request;for Qualified Institutional Investors in Japan i Institutional Investors in Peru;Accredited/Institutional Investors in Mexico,for Insti

4、tutional Investors in Chile,for Professional Investors in Hong Kong,for Institutional Investors and/or Accredited Investors in Singapore,for certain specific sovereign wealth funds and/or Qualified Domestic Institutional Investors approved by local regulators only in the Peoples Republic of China,fo

5、r certain specific Qualified Institutions and/or Sophisticated Investors only in Taiwan,for Qualified Professional Investors in Korea,Qualified Clients/Sophisticated Investors in Israel,for certain specific institutional investors in Brunei,for Qualified Institutional Investors and/or certain specif

6、ic institutional investors in Thailand,for certain specific institutional investors in Indonesia and for qualified buyers in the Philippines for informational purposes only.It is not intended for and should not be distributed to,or relied upon,by the public or retail investors.2 ContentsWelcome to o

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根据《2026年投资展望》报告,以下为全文关键点: 1. 2025年风险资产强劲回报,2026年市场有望继续上涨。 2. 私营部门展现出强大的抗冲击能力,得益于健康的资产负债表和有限的杠杆。 3. 美国政策宽松和欧洲、日本、中国的财政支持将推动全球经济走出中期放缓。 4. 美股估值偏高,但非美市场、小盘股和美股周期性行业更具吸引力。 5. 全球增长预计将加速,美联储降息和欧洲、日本、中国的财政支出将推动全球股市上涨。 6. 美元走弱,美国以外地区增长潜力增加,将支持非美资产表现,尤其是新兴市场股票和债券。 7. 在估值偏高的情况下,我们倾向于调整投资组合,寻找其他机会。 8. 私募信贷在当前环境下具有吸引力,有望提供多元化的收入来源。
哪些市场将崛起?" "AI热潮过后,投资新风向是什么?" "美元走弱,新兴市场资产如何布局?"
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