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港股太低估了!
uSMART盈立智投 10-18 20:29

高盛表示,投資者應該賣出標普500指數看漲期權,並在恆生中國企業指數(Hang Seng China Enterprises Index)上買入相同的期權。

據瞭解,包括克裏斯蒂安•米勒-格裏斯曼(Christian Mueller Glissmann)在內的高盛策略師寫道:“今年投資者對中國相關資產的情緒仍然低迷,沒有反映出夏季的風險偏好反彈,同時低估了投資者對全球增長的情緒。”

他們寫道,儘管期權市場預示着與中國相關資產的近期波動,但與歷史相比,恆生中國企業指數的波動性較標普500指數低。

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據悉,美聯儲收緊政策加劇了人們對經濟衰退的擔憂,這是全球股市暴跌的核心原因,其中恆生中國企業指數今年已下跌31%,而標普500指數下跌23%。但高盛上月對美國股市提出了警告,稱加息將拖累美國股市的估值。

此外,就連摩根大通的科拉諾維奇(Marko Kolanovic)也削減了增持股票的比例,理由是央行政策和地緣政治帶來的風險越來越大。據瞭解,科拉諾維奇今年一直是華爾街最直言不諱的多頭。

總的來說,高盛在其跨資產配置中總體上減持股票,但在亞洲仍增持中國股票,並對標普500指數持中性態度。與海外股票相比,高盛更青睞中國A股。

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