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贝莱德智库:AI与地缘政治影响下的3种推演,私募资产何以成最后赢家?
Zhi Tong Cai Jing· 2025-08-15 00:57
Core Insights - The global transformation driven by AI and other disruptive trends presents significant challenges for strategic asset allocation, making investment outcomes increasingly uncertain [1] - BlackRock's analysis suggests that private assets can help investors benefit from these disruptive trends, regardless of the eventual outcomes [1] Group 1: Strategic Investment Considerations - The current environment necessitates a reevaluation of strategic investments over the next five years and beyond, as traditional macroeconomic anchors like stable growth and low inflation are no longer reliable [1] - Investors can no longer assume returns will revert to historical averages, leading to unpredictable strategic outcomes [1] - BlackRock proposes multiple long-term capital market scenario assumptions to assist professional investors in adjusting strategies as the future becomes clearer [1] Group 2: Scenario Analysis - One scenario envisions AI driving positive developments, with faster-than-expected application leading to increased productivity and higher growth potential, which could alleviate inflation and boost stock market performance, particularly in the U.S. [2] - An alternative scenario considers adverse geopolitical developments, such as failed tariff negotiations and declining trust in institutions, which may require investors to seek higher compensation for financing risks associated with U.S. companies [2] Group 3: Portfolio Recommendations - Due to narrowing credit spreads, BlackRock holds a low allocation view on global investment-grade credit bonds and favors non-U.S. government bonds [3] - The firm is optimistic about emerging market equities, particularly in India, which is at the intersection of multiple disruptive trends [3] - BlackRock maintains a long-term positive outlook on private markets, emphasizing private credit and infrastructure as essential components of future financial systems, rather than mere supplements to portfolios [3]
Q2逆风吸金680亿美元 贝莱德(BLK.US)资管规模破纪录达12.5万亿
智通财经网· 2025-07-15 12:18
Core Insights - BlackRock, the world's largest asset management company, attracted $46 billion in net inflows to its investment funds in Q2, reaching a record asset management scale of $12.5 trillion [1] - The adjusted earnings per share for Q2 increased by 16% year-over-year to $12.05, surpassing analysts' expectations of $10.87, with revenue growing by 13% to $5.4 billion [1] - Total net inflows for the company amounted to $68 billion, with $22 billion flowing into cash management and money market funds, and $14 billion into digital asset ETFs [1] Group 1 - CEO Larry Fink noted that expanding client relationships and diversified organic fee growth resonated well [2] - The announcement of new tariffs by President Trump led to significant market volatility, comparable to the financial crisis of 2008 and the pandemic in 2020, but investor anxiety eased later [2] - Long-term net inflows from retail clients were only $2 billion, the lowest since Q4 2023 [2] Group 2 - BlackRock received $9.8 billion in alternative investment inflows, continuing its expansion into the private equity market [5] - The company completed a $12 billion acquisition of HPS Investment Partners, marking its third significant acquisition in 18 months, bringing in $165 billion in client assets [5] - BlackRock also acquired GIP and Preqin, exceeding fundraising targets for GIP's flagship fund with $25.2 billion raised [6] Group 3 - The company aims to raise an additional $400 billion in private equity assets by 2030, managing over $600 billion in alternative investment assets [6]
高盛资管全球险资调查:仅17%险资增配美股,私募资产最受关注
Hua Er Jie Jian Wen· 2025-03-25 12:00
高盛资管全球险资调查:仅17%险资增配美股,私 募资产最受关注 2025年3月25日,高盛资产管理最新发布第十四届全球保险调查《重大转向》。 调查显示在不断变化的地缘环境背景下,全球大多数保险机构担心通货膨胀对其投资组合的影响。52% 的受访保险公司视通胀为最大的宏观经济风险,高于2024年的42%,几乎重回2023年水平。 尽管市场可能受通胀上升和经济增长放缓影响,保险公司对私募资产的配置需求仍然强劲, 只有17%的保险公司计划增加对美国股票的配置,10%计划增加对欧洲股票的配置。 在固定收益方面,35%的保险公司预期在2025年将增加久期风险,低于一年前的42%,这一转向谨慎乐 观的态度显示出,未来利率环境对寻求收益的投资者仍具吸引力。 最受关注的是:高盛资产管理调查显示58%的保险公司计划在未来12个月内增加私募信贷的配置。 更看好私募资产 高盛买方部门的调查显示,保险公司认为,会对其投资组合构成风险的前五大宏观经济问题为: 调查显示,超过90%的亚太区保险公司计划在未来12个月内增加或维持整体组合。与2024年相似,亚太 区内保险公司对信贷风险的偏好仍然最高,为42%,而美洲为16%,欧洲、中东和非洲 ...