"以投资体系建设、三方业务拓展和布局结构突破为抓手，努力打造具有较强国际竞争力、中国特色世 界一流的综合资产管理平台。"国寿资产总裁于泳近日接受中国证券报记者专访时，勾勒了该公司对未 来的期许和努力的方向。 随着中国资管行业在国际舞台影响力不断增强，国寿资产作为国内资管行业头雁，将肩负使命与担当， 进一步发掘与开拓全新的增长动力引擎，积极探索低利率时代的资产配置新方案，在我国金融市场双向 开放过程中发挥主力军作用。 圈定拉动未来增长的核心 在国际机构IPE"2025全球资管500强"榜单中，国寿资产跻身全球前30名，蝉联中国资管机构首位，这表 明中国资管行业在国际舞台影响力不断增强。 于泳表示，作为国内头部资管机构，国寿资产的未来增长点，将主要落在投资体系建设和三方业务拓展 等方面。 "在投资体系建设方面，公司将以投资管理模式升级为核心，在助力经济新旧动能转换中持续提升投资 能力。"于泳说，面向服务中国式现代化的总体布局，聚焦"五篇大文章"和新质生产力主线，创新优化 投资布局、完善"长钱长投"机制，充分发挥长期耐心资本优势；针对久期与利率风险上升的行业趋势， 稳步推进资产配置转型升级，深化资负双向联动，提升多 ...

随着中国资管行业在国际舞台影响力不断增强，国寿资产作为国内资管行业头雁，将肩负使命与担当， 进一步发掘与开拓全新的增长动力引擎，积极探索低利率时代的资产配置新方案，在我国金融市场双向 开放过程中发挥主力军作用。 "以投资体系建设、三方业务拓展和布局结构突破为抓手，努力打造具有较强国际竞争力、中国特色世 界一流的综合资产管理平台。"国寿资产总裁于泳近日接受中国证券报记者专访时，勾勒了该公司对未 来的期许和努力的方向。 于泳表示，作为国内头部资管机构，国寿资产的未来增长点，将主要落在投资体系建设和三方业务拓展 等方面。 圈定拉动未来增长的核心 在国际机构IPE"2025全球资管500强"榜单中，国寿资产跻身全球前30名，蝉联中国资管机构首位，这表 明中国资管行业在国际舞台影响力不断增强。 低利率下追求投资合力 随着市场利率不断下行，资管机构普遍面临低利率下"资产荒"的困扰。国寿资产如何破局？ 记者在采访中了解到，资产配置研究的加强和投研方法论体系的跨越升级，是国寿资产的"先手棋"。国 寿资产一直在丰富发展"双线配置"方法论，提升宏观与市场中长期研判水平，转型升级现有大类资产配 置模型和框架，以适应新变化。 具体而 ...

Monetary Policy Decisions - The Federal Reserve maintained the benchmark interest rate at 3.50%-3.75%, marking the first pause after three consecutive rate cuts since September 2025[1] - The decision was passed with a 10-2 vote, with dissenting votes from Waller and Milan advocating for a 25 basis point cut[2] Economic Outlook - The Fed's view on the economy shifted from "moderate expansion" to "steady expansion," indicating a more stable economic outlook[2] - The statement regarding employment risks was softened, suggesting signs of stabilization in the labor market[2] Market Reactions - Following the meeting, U.S. stocks, bonds, and gold prices rose, while the U.S. dollar index fell[3] - The S&P 500 index decreased by 0.1%, while the Nasdaq and Dow Jones increased by 0.17% and 0.02%, respectively[3] Rate Cut Expectations - Market expectations for rate cuts were slightly adjusted, with the implied probability of a March 2026 cut remaining below 20%[3] - The probability of a June rate cut decreased from 83% to 74%, with an annual expectation of 1.9 cuts in 2026, likely resulting in two cuts[3] Future Considerations - The Fed's focus is shifting towards inflation, with reduced urgency for further easing as economic momentum improves[4] - The upcoming nomination of a new Fed chair and the potential impact on monetary policy independence are critical factors to watch[4]

据法巴资管官网介绍，2025年7月1日，法巴资管完成对安盛投资的收购，并于同年12月31日完成了旗下包括安盛投资、法国巴黎银行房地产投资管理公司及 法国巴黎资产管理公司在内的主要法律实体整合，形成了以"法国巴黎资产管理公司"为统一品牌运营的业务架构。 21世纪经济报道记者杨娜娜 上海报道 1月28日晚间，浦银安盛基金管理有限公司发布公告，宣布其外方股东发生变更。 原第二大股东由法国安盛投资管理公司（AXA Investment Managers S.A. 下称"安盛投资"）变更为法国巴黎资产管理控股公司（BNP Paribas Asset Management Holding S.A. 下称"法巴资管"）。 变更后，法巴资管持有浦银安盛基金39%的股权，占比维持不变。目前浦银安盛基金的股权结构已更新为： | 股东名称 | 股权比例 | | --- | --- | | 上海浦东发展银行股份有限公司 | 51% | | 法国巴黎资产管理控股公司 | 39% | | (BNP Paribas Asset Management Holding S.A. ) | | | 上海国盛集团资产有限公司 | 10% | 本次浦 ...

Core Viewpoint - The article discusses the rise of Model Portfolios in the U.S. investment advisory industry, highlighting their role in enhancing efficiency and service quality for advisors, allowing them to focus more on client interactions and financial planning [2][4]. Group 1: Definition and Characteristics of Model Portfolios - Model Portfolios allow advisors to "outsource" part or all of the investment management work, enabling them to reference standardized strategies designed by professional institutions [4]. - These portfolios are typically multi-asset but can also focus on single asset classes, such as equities or fixed income, and are designed around specific investment goals like target risk or income orientation [4][6]. - Model Portfolios provide a blueprint for asset allocation and fund selection, allowing advisors the flexibility to adjust based on client needs, unlike traditional one-stop asset management products [7]. Group 2: Providers of Model Portfolios - In the U.S., Model Portfolios are primarily offered by two types of providers: third-party strategy firms and asset management companies [9]. - Third-party strategy firms charge a strategy usage fee, typically between 0.1% and 0.25%, while asset management companies often do not charge additional fees, as they earn from the underlying products [9][11]. Group 3: Adoption and Growth of Model Portfolios - Over 40% of U.S. advisors now use or reference third-party Model Portfolios, with assets managed through these portfolios exceeding $645 billion as of March 2025, marking a 62% increase since June 2023 [24]. - The rapid adoption of Model Portfolios is attributed to changes in advisor fee structures, the flexibility they offer compared to traditional products, advancements in technology, and lower fee levels [26][27]. Group 4: Future Trends in Model Portfolios - The growth of Model Portfolios is expected to focus on tax optimization and customized strategies, as many providers begin to incorporate tax considerations into their offerings [34][38]. - The market for Model Portfolios is maturing, with a decline in the number of new offerings since 2022, indicating a need for differentiation among providers [32].

一图速览>> 2026 代表当月暂停加息 ● 有记录来美联储利率走势 2024/09 时隔四年重启赛公 1984/08 11.5% 2023/07 2001/01 5.5% 5.5% 2026/1 *图中数据为目标利率最高上限 2008/12 2020/03 0.25% 0.25% 理事投票 由美国总统特朗普任命的两位美联储理 ▶ 事沃勒和米兰,在会上投下反对票, 主 支持降息25个基点。 斯蒂·米兰 克里斯托弗·沃勒 美联储主席鲍威尔最新发言 ▶ 关于下一次降息 我们并没有试图阐明下次降息的时间或是否在下次会议上| 息的标准。我们想说的是,我们目前处于有利地位,可以 次会议地做出决策。 > 坚定捍卫美联储独立性 这（美联储理事库克解职听证会）或许是美联储113年历史 最重要的法律案件。（美联储）独立性的目的不是为了保: 政策制定者或其他什么人，而是因为世界上所有发达经济 和民主国家都已普遍采用这种做法。 (如果失去这种独立性)就很难恢复美联储的信誉。 ▶ 建言下一任主席 不要卷入选举政治,干万不要。 ▶ 关于美国经济 就业和通胀之间仍然存在一些紧张关系，但比以前有所: 解 ......观察上次会议以来公布的 ...

Core Viewpoint - The Federal Reserve decided to maintain the federal funds rate target range at 3.5-3.75% after three consecutive rate cuts, indicating no immediate urgency to resume rate cuts [1]. Group 1: Federal Reserve Decisions - The Federal Reserve's Open Market Committee voted 10-2 to keep the interest rate unchanged, with two members supporting a 25 basis point cut [1][4]. - Fed Chair Jerome Powell emphasized the importance of the Fed's independence and stated that the committee is in a favorable position to make decisions gradually [7][8]. Group 2: Economic Outlook - Powell noted that there is still tension between employment and inflation, but the economic growth outlook has improved, with inflation performance meeting expectations [11]. - Institutions interpret that the Fed is likely to enter a prolonged policy observation phase, with expectations of resuming easing later in the year as inflation levels gradually decline [12]. Group 3: Diverging Opinions within the Fed - There are internal divisions within the Fed regarding concerns over insufficient employment growth versus high inflation, with some officials worried that further easing could accelerate inflation [13]. - Some analysts believe that strong consumer spending and fiscal policy may reduce the urgency for significant rate cuts in the short term [14].

Group 1: Federal Reserve and Currency Movements - The Federal Reserve maintained the federal funds rate target range at 3.5% to 3.75%, ending a three-rate cut cycle, with a focus on achieving full employment and a 2% inflation target [1][14] - The Chinese yuan's midpoint exchange rate broke the 7.0 mark against the US dollar for the first time in two and a half years, driven by a weak dollar and seasonal demand for currency settlement [1][15] Group 2: Company Developments and Financial Performance - Huadong Heavy Machinery expects a significant decline in net profit for 2025, projecting a decrease of 39.05% to 59.36% due to the divestment of its profitable CNC machine tool business and losses from its newly acquired chip subsidiary [1][18] - Agricultural University Technology listed on the Beijing Stock Exchange, becoming Shandong's first A-share company of the year, with its stock price surging by 111.56% on the first day despite concerns over its revenue and profit trends [1][20] - Seagate Technology's stock surged over 16% to a record high following a strong earnings report, with significant revenue and earnings per share exceeding market expectations [1][20] - SK Hynix reported a nearly 1.2 times increase in net profit for the previous year, driven by the AI storage market, and expects continued growth in storage demand [1][20] Group 3: Legal and Regulatory Issues - Shenzhen Water Bay Jewelry faced withdrawal difficulties, with thousands of investors unable to cash out, raising concerns about illegal gold betting practices [1][16] - Sunflower's major asset restructuring plan was terminated due to an investigation by the Securities Regulatory Commission, leading to significant losses for investors [1][21] - Dike Co., a leader in photovoltaic silver paste, initiated patent infringement lawsuits against two companies, seeking a total of 4 billion yuan in damages [1][21] Group 4: Market Trends and Consumer Behavior - The price of international spot gold reached a new high, exceeding $5,300 per ounce, prompting major jewelry brands to adapt their business strategies to focus on design and service rather than raw material value [1][23] - The price of Flying Moutai surged to 1,600 yuan per bottle, driven by seasonal demand and supply constraints, leading to a secondary market for reselling [1][24] - Industrial Fulian, an AI giant, projected a significant increase in net profit for 2025, driven by strong growth in cloud computing and AI server revenues [1][25]

当地时间1月28日，美联储最新的联邦公开市场委员会（FOMC）货币政策会议纪要显示，美联储决定 将联邦基金利率目标区间继续维持在3.5%至3.75%之间，投票结果为10比2，理事克里斯托弗·沃勒和斯 蒂芬·米兰投下反对票，主张降息25个基点。 美联储在连续三次降息后按下了宽松政策的暂停键。此次决定依然遭遇异议，除了自进入决策层以来一 直投下反对票的斯蒂芬·米兰外，跻身总统唐纳德·特朗普考虑的新主席最终名单的理事克里斯托弗·沃勒 也主张继续下调利率。 在会后声明中，政策制定者表示"就业增长保持低位，失业率显现出一些企稳迹象"。官员们还删除了前 三份声明中出现的关于就业下行风险增加的表述。尽管特朗普政府不断施压，但央行提高对劳动力市场 的评估可能会抑制市场对近期降息的预期。在会议开始前，投资者认为至少在6月之前不太可能再次降 息。 主席杰罗姆·鲍威尔在随后的记者会上对经济前景做出了略为乐观的评估，指出上次议息会议以来的数 据显示增长明显改善，而走软的劳动力市场可能正企稳。被问及最近成为关注焦点的汇率时，他说没有 看到表明投资者在对冲美元风险的数据。 此外，他并未对备受关注的政治议题作出实质性回应，但表示美联储理事 ...

Cortland Associates Inc/MO cut its stake in Blue Owl Capital (NYSE:OWL), selling 645,218 shares in the fourth quarter, an estimated $10.09 million trade based on quarterly average pricing, according to a January 28, 2026, SEC filing. What Happened According to an SEC filing dated January 28, 2026, Cortland Associates Inc/MO reduced its position in Blue Owl Capital by 645,218 shares during the fourth quarter of 2025. The estimated value of the shares sold was $10.09 million, based on the quarterly average ...