高盛团队称资产密集型股票表现更佳

Core Insights - Goldman Sachs strategists highlight that stocks of companies with tangible productive assets are performing better as investors seek safe havens from AI disruption [1] - Since early 2025, the selected capital-intensive stock portfolio has outperformed the light-capital company portfolio by approximately 35% [1] - The team emphasizes a growing investor preference for stocks exhibiting the "HALO effect," characterized by heavy assets and low obsolescence risk, primarily in sectors like utilities, basic resources, and energy [1] Capital-Intensive Stocks - The selected European capital-intensive stock portfolio includes companies such as ASML Holding, Safran, LVMH, Air Liquide, and Airbus [1] Light-Capital Stocks - The light-capital stock portfolio features companies like L'Oréal, Adyen NV, DSV AS, and Siemens Healthineers [1]