贝莱德：继续超配美股但配置低于基准风险敞口为私募市场留出空间

智通财经2025-03-07

智通财经APP获悉，贝莱德智库认为尽管政策方面仍存在较高的不确定性，但人工智能主题和强劲的企业盈利使贝莱德在战术上继续超配美股。长期来看，贝莱德认为私募市场存在具有吸引力的投资机会，这将在经济转型过程中发挥关键的融资作用。基础设施类股权，如数据中心股权等，就处于多个颠覆性趋势的交汇点，包括目前人工智能驱动的投资热潮。为构建一个能兼顾不确定的长期信号和短期动荡环境的投资组合，该团队认为，美股仍将是...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2517248655?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2025-03-07 19:11","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2517248655","market":"hk","top_or_hot":-1,"title":"贝莱德：继续超配美股 但配置低于基准风险敞口 为私募市场留出空间","media":"智通财经","content":"<div>\n<p>智通财经APP获悉，贝莱德智库认为尽管政策方面仍存在较高的不确定性，但人工智能主题和强劲的企业盈利使贝莱德在战术上继续超配美股。长期来看，贝莱德认为私募市场存在具有吸引力的投资机会，这将在经济转型过程中发挥关键的融资作用。基础设施类股权，如数据中心股权等，就处于多个颠覆性趋势的交汇点，包括目前人工智能驱动的投资热潮。为构建一个能兼顾不确定的长期信号和短期动荡环境的投资组合，该团队认为，美股仍将是...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1259249.html\">网页链接</a>\n\n</div>\n","source":"stock_zhitongcaijing","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>贝莱德：继续超配美股 但配置低于基准风险敞口 为私募市场留出空间</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n贝莱德：继续超配美股 但配置低于基准风险敞口 为私募市场留出空间\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-03-07 19:11 北京时间&nbsp;&nbsp;&nbsp;<a href=http://www.zhitongcaijing.com/content/detail/1259249.html><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>智通财经APP获悉，贝莱德智库认为尽管政策方面仍存在较高的不确定性，但人工智能主题和强劲的企业盈利使贝莱德在战术上继续超配美股。长期来看，贝莱德认为私募市场存在具有吸引力的投资机会，这将在经济转型过程中发挥关键的融资作用。基础设施类股权，如数据中心股权等，就处于多个颠覆性趋势的交汇点，包括目前人工智能驱动的投资热潮。为构建一个能兼顾不确定的长期信号和短期动荡环境的投资组合，该团队认为，美股仍将是...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1259249.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4581","symbol_name":"高盛持仓","start_time":0,"source_url":"http://www.zhitongcaijing.com/content/detail/1259249.html","article_id":"2517248655","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2517248655","pubTimestamp":1741345878,"columns":[],"sourceInfo":{"source_id":"stock_zhitongcaijing","name":"智通财经网"},"weMediaInfo":null,"summary":"长期来看，贝莱德认为私募市场存在具有吸引力的投资机会，这将在经济转型过程中发挥关键的融资作用。为构建一个能兼顾不确定的长期信号和短期动荡环境的投资组合，该团队认为，美股仍将是投资组合中主要配置的资产，但美股的总体配置将低于基准公开市场风险敞口，为私募市场机会留出配置空间。贝莱德认为，部分最具吸引力的机会或存在于私募市场。","collect":0,"end_time":0,"defaultTopTitle":"zhitongcaijing.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"BK4581":"高盛持仓","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU1670628061.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) INC","IE00BVYPNW00.USD":"GUINNESS GLOBAL EQUITY INCOME \"C\" (USD) ACC","LU0731783048.USD":"FIDELITY GLOBAL DIVIDEND \"A\" (USD) INC MONTHLY (G)","LU1509826696.USD":"FIDELITY GLOBAL DIVIDEND \"A\" (USD) INC B","LU2430703251.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (USD) INC","IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","BK4585":"ETF&股票定投概念","BK4567":"ESG概念","BK4534":"瑞士信贷持仓","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","LU1599440770.SGD":"FIDELITY GLOBAL DIVIDEND \"A\" (SGDHDG) INC","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","LU0742537680.HKD":"FIDELITY GLOBAL DIVIDEND \"A \" (HKD) INC","BK4533":"AQR资本管理(全球第二大对冲基金)","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","LU2505996509.AUD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (AUDHDG) INC","IE00BVYPNV92.GBP":"GUINNESS GLOBAL EQUITY INCOME \"C\" (GBP) ACC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","IE00BGHQF631.EUR":"GUINNESS GLOBAL EQUITY INCOME \"C\" (EUR) ACC","BK4535":"淡马锡持仓","LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","IE00B3PB1722.GBP":"GUINNESS GLOBAL EQUITY INCOME \"C\" (GBP) INC","IE00BDGV0183.EUR":"GUINNESS GLOBAL EQUITY INCOME \"C\" (EUR) INC","BK4504":"桥水持仓","BK4135":"资产管理与托管银行","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","IE00B42XCP33.USD":"GUINNESS GLOBAL EQUITY INCOME \"C\" (USD) INC","LU0731783394.SGD":"Fidelity Global Dividend A-MINCOME(G)-SGD","BK4588":"碎股","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0772969993.USD":"FIDELITY GLOBAL DIVIDEND \"A\" (USD) ACC","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU1291159041.SGD":"CPR Invest - Global Silver Age A2 Acc SGD-H","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU1481011671.HKD":"FIDELITY GLOBAL DIVIDEND \"A\" (HKDHDG) INC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU1989771016.USD":"东方汇理环球老龄化投资基金 A2 Acc","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","BLK":"贝莱德","LU1481011911.USD":"FIDELITY GLOBAL DIVIDEND \"A\" (USDHDG) INC","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD"},"translate_title":"BlackRock: Continue to overweight U.S. stocks but allocate less than benchmark risk exposure, leaving room for private equity markets","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BLK":1},"content_text":"智通财经APP获悉，贝莱德智库认为尽管政策方面仍存在较高的不确定性，但人工智能主题和强劲的企业盈利使贝莱德在战术上继续超配美股。长期来看，贝莱德认为私募市场存在具有吸引力的投资机会，这将在经济转型过程中发挥关键的融资作用。基础设施类股权，如数据中心股权等，就处于多个颠覆性趋势的交汇点，包括目前人工智能驱动的投资热潮。为构建一个能兼顾不确定的长期信号和短期动荡环境的投资组合，该团队认为，美股仍将是投资组合中主要配置的资产，但美股的总体配置将低于基准公开市场风险敞口，为私募市场机会留出配置空间。由于利率上升，私募股权基金的处境比过往更加艰难。然而，随着估值下降，目前或未来的私募股权基金有望受益。 从中期来看，随着各经济体在人工智能等颠覆性趋势的推动下经历转型，贝莱德认为各类资产都蕴藏着投资机会。贝莱德认为，部分最具吸引力的机会或存在于私募市场。虽然私募市场资产也难免受到长期不确定性的影响，但其中有许多资产有望从颠覆性趋势中受益。尽管美股屡创新高，多数估值指标显示美股处于历史高位，但人工智能主题和强劲的企业盈利增长增强了贝莱德在战术方面对于美股的信心。贝莱德发现，从部分指标看，美股目前的估值，尤其是科技股估值，与互联网泡沫时期或20世纪20年代的峰值相当。然而在转型时期，对合理估值的判断变得更加困难。以科技行业为例，随着投资者纷纷涌向人工智能主题，科技行业估值往往会走高。强劲的盈利增长也可能支撑估值，这一点贝莱德有目共睹，英伟达的收入在短短两年内涨幅约六倍，但由于盈利增长速度超过股价上涨速度，其估值仍在下降。 贝莱德目前的基本预测是美国企业盈利强劲，但近年来这一前景突然发生变化。鉴于目前经济转型和美国政策带来的不确定性，贝莱德随时准备调整观点。去年，贝莱德创建了几种潜在经济情景来帮助贝莱德应对这一动荡的环境。虽然有关美国政策的部分信息嘈杂，但贝莱德预计这将成为一个具体信号，需要加以适应。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.35.13","shortVersion":"4.35.13","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2517248655","isCrawlerRequest":true}

贝莱德：继续超配美股 但配置低于基准风险敞口 为私募市场留出空间

精彩评论

贝莱德：继续超配美股但配置低于基准风险敞口为私募市场留出空间