“木头姐”的坠落与反击：高利率背景下的高科技股价值重估

证券时报04-27

美国方舟投资公司创始人、素有“女版巴菲特”之称的凯茜.伍德(又称“木头姐”)正在遭遇近几年来最严峻的管理资金规模缩水危机。投资者对交易基金ARK ETFs逐渐失去耐心，本质上折射出投资者对美股部分高科技公司的谨慎。单单就这一周来看，“木头姐”就完美演绎了一场“蹦床游戏”——先是旗下基金被投资者大举卖出，后来火速迎来“反击时刻”，并一度牵引海外科技LOF大涨。而这种高弹跳背后的底层资产，则是来自于以...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2430731662?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2024-04-27 04:48","share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","id":"2430731662","market":"us","top_or_hot":-1,"title":"“木头姐”的坠落与反击： 高利率背景下的高科技股价值重估","media":"证券时报","content":"<div>\n<p>美国方舟投资公司创始人、素有“女版巴菲特”之称的凯茜.伍德(又称“木头姐”)正在遭遇近几年来最严峻的管理资金规模缩水危机。投资者对交易基金ARK ETFs逐渐失去耐心，本质上折射出投资者对美股部分高科技公司的谨慎。单单就这一周来看，“木头姐”就完美演绎了一场“蹦床游戏”——先是旗下基金被投资者大举卖出，后来火速迎来“反击时刻”，并一度牵引海外科技LOF大涨。而这种高弹跳背后的底层资产，则是来自于以...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2024042704550287b4f853&s=b\">网页链接</a>\n\n</div>\n","source":"tencent","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>“木头姐”的坠落与反击： 高利率背景下的高科技股价值重估</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n“木头姐”的坠落与反击： 高利率背景下的高科技股价值重估\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-27 04:48 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2024042704550287b4f853&s=b><strong>证券时报</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>美国方舟投资公司创始人、素有“女版巴菲特”之称的凯茜.伍德(又称“木头姐”)正在遭遇近几年来最严峻的管理资金规模缩水危机。投资者对交易基金ARK ETFs逐渐失去耐心，本质上折射出投资者对美股部分高科技公司的谨慎。单单就这一周来看，“木头姐”就完美演绎了一场“蹦床游戏”——先是旗下基金被投资者大举卖出，后来火速迎来“反击时刻”，并一度牵引海外科技LOF大涨。而这种高弹跳背后的底层资产，则是来自于以...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2024042704550287b4f853&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSLA","symbol_name":"特斯拉","start_time":0,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2024042704550287b4f853&s=b","article_id":"2430731662","we_media_id":null,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2024042704550287b4f853&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2430731662","pubTimestamp":1714164484,"sourceInfo":{"source_id":"tencent","name":"腾讯"},"weMediaInfo":null,"summary":"而这种高弹跳背后的底层资产，则是来自于以特斯拉为代表的高科技公司。长期以来，“木头姐”一直将特斯拉列为其最重要的持仓股，但今年以来，特斯拉股价一度下跌逾41%，严重影响了其管理基金的业绩表现。“木头姐”的跌落与反击，背后是市场对于美国部分高科技公司估值的再判断。","collect":0,"end_time":0,"defaultTopTitle":"qq.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"TSLA":"特斯拉","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4555":"新能源车","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","LU0823414478.USD":"法巴经典能源转换基金","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","BK4527":"明星科技股","TSLL":"Direxion Daily TSLA Bull 2X Shares","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4588":"碎股","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4550":"红杉资本持仓","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4574":"无人驾驶","LU1548497426.USD":"安联环球人工智能AT Acc","BK4544":"ARK ETF合集","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","BK4551":"寇图资本持仓","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4581":"高盛持仓","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4099":"汽车制造商","BK4511":"特斯拉概念","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0823411888.USD":"法巴消费创新基金 Cap","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","BK4592":"伊斯兰概念","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0056508442.USD":"贝莱德世界科技基金A2","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","ARKK":"ARK Innovation ETF"},"translate_title":"The Fall and Counterattack of \"Wood Sister\": Revaluation of High-tech Stocks in the Background of High Interest Rate","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLL":0.9,"TSLA":0.9,"ARKK":0.87},"content_text":"美国方舟投资公司创始人、素有“女版巴菲特”之称的凯茜.伍德(又称“木头姐”)正在遭遇近几年来最严峻的管理资金规模缩水危机。投资者对交易基金ARK ETFs逐渐失去耐心，本质上折射出投资者对美股部分高科技公司的谨慎。单单就这一周来看，“木头姐”就完美演绎了一场“蹦床游戏”——先是旗下基金被投资者大举卖出，后来火速迎来“反击时刻”，并一度牵引海外科技LOF大涨。而这种高弹跳背后的底层资产，则是来自于以特斯拉为代表的高科技公司。实际上，从今年2月中旬开始，市场陆续关注到方舟投资旗下六只主动管理型交易所交易基金(ARK ETFs)出现了22亿美元的资金净流出，数额超过了2023年全年的资金流入总额。按照最新统计，当前ARK ETFs管理的资产总额为110亿美元，较2021年峰值下降约80%。成也萧何，败也萧何。长期以来，“木头姐”一直将特斯拉列为其最重要的持仓股，但今年以来，特斯拉股价一度下跌逾41%，严重影响了其管理基金的业绩表现。近期特斯拉负面舆情连连，降价、裁员等消息不绝于耳。而在中国市场，大量新锐车企对特斯拉发起挑战。作为特斯拉的坚定多头，“木头姐”旗舰ETF方舟创新ETF最新持仓特斯拉权重为9.45%，居仓位第二；旗下ARKW基金同样重仓特斯拉。此外，在今年特斯拉大幅回调的情况下，“木头姐”反而逆势加仓，继上周连续三日加仓，买入价值约2800万美元的特斯拉股票后，其基金4月22日又买入超10万股。这种操作一度引发市场质疑，进而引发投资者撤退。不过，反转很快到来。就在一众负面声音中，特斯拉股价在美国时间4月24日突然大涨超过12%。在业绩电话会上，特斯拉展示了将集成到特斯拉产品中的叫车程序，并宣布将提早发布新车型，其正在开发的机器人出租车网络进展也不错。马斯克还强调，特斯拉是AI机器人公司，而不是汽车公司，从而扭转了此前市场悲观预期。由此，“木头姐”迅速迎来“反击时刻”。她曾表示，特斯拉正在通过自动驾驶开展全球最大的人工智能项目，比其他公司拥有更多的现实驾驶数据，在2030年到来之前，自动驾驶出租车的整个生态系统将创造8万亿至10万亿美元的收入。同时，特斯拉还将凭借Optimus成为人形机器人领域的领头羊之一。Optimus已经成为推动全球人形机器人产业的重要引擎之一。以中国为例，今年1月初，两大特斯拉汽车配套供应商拓普集团和三花智控接连公布总规模逾百亿元的机器人生产基地投资计划，被业界认为是人形机器人商业化进程临近的标志性事件，并一度掀起A股市场的人形机器人概念热浪。不过目前看来，这种“反击”能否持续，依然是个谜题。截至目前，方舟基金仍然处于被投资者卖出的状态。“木头姐”的跌落与反击，背后是市场对于美国部分高科技公司估值的再判断。特斯拉、roku、unitySoftware等“木头姐”重仓公司，今年跌幅都较大。这些公司的股价表现，不仅决定了“木头姐”神话能否持续，还决定了投资者对其基金的去与留，而且从某种程度上决定着美国科技股泡沫的高光时刻能否继续维持。毕竟美国持续高利率背景下，一方面，相较于权益类资产，高收益债券往往更具吸引力；另一方面，对于尚未盈利的科技公司来说，未来现金流也有可能大打折扣。","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430731662"}

“木头姐”的坠落与反击： 高利率背景下的高科技股价值重估

精彩评论

“木头姐”的坠落与反击：高利率背景下的高科技股价值重估