德银：通胀风潮下，投资避风港在何处

美港电讯2021-05-25

债券、股票、基金、大宗商品……当下通胀高企，应该如何选择？不断上升的通胀预期已导致大量资金流入可能因此受益的资产。一些资产吸引的资金比其他资产更多。德意志银行上周五发布的一份报告显示，通胀保值债券的面值和消费者价格指数(CPI)一同上涨，自去年五月以来，投资于通胀保值债券的基金出现了强劲的资金流入，过去一年的资金流入是2010年以来的最高水平。投资者对通胀保值债券基金的兴趣远高于对一般债券...

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草青青
2021-05-25
草青青
好文共赏👍
Jennie95
2021-05-25
Jennie95
好

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href=https://news.ushknews.com/mobile/details.html?id=1003053&type=news><strong>美港电讯</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>债券、股票、基金、大宗商品……当下通胀高企，应该如何选择？\n\n不断上升的通胀预期已导致大量资金流入可能因此受益的资产。一些资产吸引的资金比其他资产更多。\n德意志银行上周五发布的一份报告显示，通胀保值债券的面值和消费者价格指数(CPI)一同上涨，自去年五月以来，投资于通胀保值债券的基金出现了强劲的资金流入，过去一年的资金流入是2010年以来的最高水平。\n投资者对通胀保值债券基金的兴趣远高于对一般债券...</p>\n\n<a 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Thatte指出，从历史上看，这种债券收益率和股票收益率呈负相关的情况，往往出现在通胀风险突出的时候，就像20世纪60年代中期至90年代末的30年间那样。这是因为通胀增加了未来收紧货币政策的可能性，对股票和债券都构成了风险。\n投资于能源和材料板块的基金，在通胀环境下的表现通常更好。这类基金近年来一直遭受资金外流，但在过去一年，尤其是去年11月以来也出现了强劲的资金流入。由于利率虽通胀上涨，金融板块的基金受益于此，也吸引大量资金流入。\n大宗商品通常被视为对冲通胀的工具，但这次投资者对这一资产类别的信心似乎减弱了。该报告称，过去几个月，大多数以实物大宗商品为支撑的基金出现资金净流出，包括以石油为重点的基金、黄金基金和白银基金。虽然近期工业金属基金逆市走高，并在今年出现了资金净流入，但投资者依然兴致缺缺。\n期货交易员也不是特别看好大宗商品，他们的多头头寸在历史范围内，如果价格上涨就会带来收益。Thatte在报告中写到：“尽管大宗商品价格一路看涨，但其波动性也非常高，对风险敞口产生了限制。”","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":138195644,"gmtCreate":1621915958788,"gmtModify":1634185517321,"author":{"id":"3582196452592472","authorId":"3582196452592472","name":"草青青","avatar":"https://static.tigerbbs.com/bba5479d393c5c6ddf30cd0280b2d4b1","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3582196452592472","authorIdStr":"3582196452592472"},"htmlText":"好文共赏👍","listText":"好文共赏👍","text":"好文共赏👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/138195644","repostId":1182566318,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":138192940,"gmtCreate":1621915762380,"gmtModify":1634185518165,"author":{"id":"3584143177731402","authorId":"3584143177731402","name":"Jennie95","avatar":"https://static.tigerbbs.com/1dda05a46e34c050636a146a70383324","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3584143177731402","authorIdStr":"3584143177731402"},"htmlText":"好","listText":"好","text":"好","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/138192940","repostId":1182566318,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":9,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 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