跨资产策略 - 2026 年展望图表集：风险重启之年-Cross-Asset Strategy-2026 Outlook in Charts – The Year of Risk Reboot

November 24, 2025 12:33 PM GMT CROSS-ASSET STRATEGY CROSS-ASSET STRATEGY Cross-Asset Strategy With max policy uncertainty behind us, 'micro' stories like AI financing take the spotlight. Global credit markets of all genres – unsecured, secured, securitized, structured, both public and private – will have an increasing role to play in enabling AI-related financing, which in turn leads to differentiated performance within credit. Allocation: Stocks > Bonds, US > RoW A pro-cyclical policy mix lifts equities, p ...