施罗德发表2026年十大投资市场预测 看好美股、黄金及亚洲科技股

Core Insights - The article presents a forecast for investment markets in 2026, highlighting optimism for U.S. equities while cautioning against potential AI-related bubbles [1][2] - It emphasizes the importance of diversification in investment strategies amid a complex market environment influenced by various global factors [3] Group 1: U.S. Market Outlook - Positive outlook for overall U.S. stocks in a non-recessionary, rate-cutting environment, but caution is advised regarding the potential for an AI bubble [2] - The Russell 2000 index is expected to perform well, particularly in a non-recessionary environment, with a recommendation to hedge risks through shorting high-yield bonds [2] Group 2: Asian Market and Technology - Strong growth anticipated in Asian technology stocks, with earnings growth expected to exceed forecasts and valuations not overly stretched [2] - Asian markets are projected to outperform the U.S., becoming a core area for returns [3] Group 3: European Market - European banks and industrial stocks are expected to benefit from increased defense spending and related consumption, providing diversification opportunities [2] Group 4: Alternative Investments - Convertible bonds are highlighted for their unique attributes, offering 80% upside potential from stocks and 60% downside protection [2] - Gold is favored as a strong investment, with central banks increasing their gold reserves and a trend towards diversification away from the U.S. dollar [2] Group 5: Emerging Markets - Emerging markets and local currency bonds are seen as attractive due to improved fiscal conditions and higher yields compared to developed markets [2] - Emerging markets are expected to have more room for rate cuts to stabilize economies, particularly in a weakening dollar environment [2] Group 6: Energy and Private Assets - The demand for alternative energy is anticipated to rise due to structural changes from AI development and climate change pressures, with reasonable valuations expected to support future growth [2] - Private assets are noted for their resilience against market volatility and ability to capture strong fundamental returns [2]