格隆汇2月10日｜据每经，在全球金融局势波谲云诡的2026年开年，现年84岁的"商品大王"吉姆·罗杰斯 给出了他的生存指南。这位传奇投资家26岁只身闯荡华尔街，早在上世纪80年代就以精准抄底奥地利股 市而一战成名，并曾准确预测1987年全球股灾和2008年美国次贷危机。在访谈中，他详细阐述了自己对 潜在危机的看法、具体的避险策略以及看好金属的底层逻辑。面对潜在的危机，吉姆·罗杰斯透露，他 已经清空了全部美股持仓，转而将黄金、白银和铜等实物商品视为"完美的保险单"，并计划将其作为遗 产留给后代。 ...

Core Viewpoint - Minsheng Jianyin Fund believes that the coal and non-ferrous sectors will perform relatively well in the future, as tariff factors gradually stabilize, leading the stock market into a period of performance, events, and policy vacuum, which may result in a phase of market fluctuation [1] Group 1 - The coal and non-ferrous sectors are expected to show better performance [1] - The stock market is entering a period lacking decisive catalysts for direction [1] - Investment opportunities are anticipated to emerge towards the end of the year, contingent on new improvements or changes [1]

Group 1 - The core viewpoint is that there is a significant influx of funds into the market through ETFs, with a total of 689.68 billion yuan entering the market in the past week, indicating a strong preference for core assets among investors [1][2][3] - The total scale of ETFs is approaching 4.7 trillion yuan, with an increase of 364.83 billion units, reaching 2.78 trillion units [1][2] - Analysts highlight four positive factors supporting the attractiveness of the Chinese capital market: relatively low valuation levels of A-shares, strengthening capital aggregation effects under the "technology narrative," enhanced market resilience through buybacks and dividends, and increasing institutional inclusiveness [2][3] Group 2 - The most significant growth in ETF scale is seen in broad-based index products, particularly those linked to the CSI 300 and CSI 1000 indices, which saw increases of 6.697 billion yuan and 6.517 billion yuan respectively [2][3] - Recent market sentiment has improved, with funds flowing into high liquidity broad-based indices, reflecting increased risk appetite among investors [3][4] - Various thematic funds are also gaining popularity, with significant inflows into ETFs linked to the Hang Seng Technology Index and the Hong Kong Stock Connect Internet Index, indicating a preference for high-growth technology sectors [4][5] Group 3 - Gold-related assets are experiencing increased demand, with the Shanghai Gold Exchange's gold index ETF surpassing 140 billion yuan, driven by rising gold prices amid macroeconomic uncertainties [4][5] - The overall trend shows a notable acceleration of funds entering the capital market, with a focus on stock-based ETFs reflecting optimism about economic recovery and industry prosperity [5]