财经快讯

三菱:黄金仍在投资组合中起分散和对冲风险的作用

日期:2016-11-16
  三菱银行在周二(11月15日)发布的报告中称,通胀和地缘政治的担忧仍使得投资者会将黄金放在资产组合中作为风险的分散和对冲。预计“特朗普经济学”将会支撑股市、基础金属和美元,这寄希望于减税和基础设施开支。
 
  三菱称,美国国债的收益率飙升使得投资者将会转向所谓的风险资产。“有人认为,最近的收益率上涨将会终结美国长达30年的国债熊市,因此会潜在地影响黄金和其他贵金属对投资者的吸引力。然而,我们认为这有些过度反应,10年期国债的长期向下趋势还没有受到威胁和影响,而实际利率(通胀调节的国债收益率)仍在2016年的高位下方。而且,美国股市创新高,将会有下行的风险,长期看来,我们认为通胀和地缘政治压力降会继续,使得黄金仍可作为组合中的分散器和风险对冲。”
 
  三菱还认为,美国的保护主义立场将意味着中长期内黄金仍有风险对冲作用。
 
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