Group 1 - Investors are reassessing the balance between "safety" and "growth" amid market volatility and policy uncertainty, with gold's safe-haven logic being reinforced and AI reshaping valuation systems [3][4] - Rich Nuzum from Franklin Templeton emphasizes a long-term bullish outlook on China, noting that Western clean energy investments are losing value compared to potential collaborations with Chinese companies [3][12] - The potential impact of a U.S. government shutdown is highlighted, with Nuzum stating that a shutdown lasting over two weeks could affect the economy, and over six weeks could lead to severe consequences [3][8][9] Group 2 - Nuzum advocates for the revival of U.S.-China cooperation in venture capital and research, arguing that the weakening of these ties over the past five years has been detrimental [4][12] - The discussion on gold as a hedge asset reveals that while it is used by clients, its actual returns are close to zero, and it serves as a tool against inflation and government debt monetization risks [6][10] - Nuzum expresses a strong belief in emerging markets, particularly China, stating that AI and digitalization are lowering barriers to entry and that global indices should reflect China's significant economic weight [12]
对话富兰克林邓普顿 OCIO主管:AI热潮仍在演进，长期看好中国和新兴市场
Xin Lang Cai Jing·2025-10-09 14:03