You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
全球市場漲了後,達裏奧卻認爲現金更有吸引力
uSMART盈立智投 02-03 17:41

達裏奧在2019年初首次表達了現金是垃圾的觀點後,這變成了他在後來所有公開場合必需提起的梗。本週,達裏奧接受媒體採訪時再次提到了迴應了現金是否還是垃圾的看法,他認爲現金不再是垃圾。

這位著名的對衝基金經理在週四接受CNBC採訪時表示,在過去的一年中,現金相對於股票和債券都變得“相當有吸引力”。

不過,最近一個月,全球市場反彈,股債表現都與去年有顯著的區別。2023年以來。全球股市反彈,納指錄得16.57%的漲幅,MSCI中國指數錄得13.32%的漲幅,與去年相比可謂雲泥之別。

達裏奧首先解釋了現金爲何比債券更有吸引力。他表示,雖然債券可能會爲投資者帶來更高的收益,但美國、歐洲和日本公共部門債務的膨脹以及負實際收益率,使得債務證券的吸引力降低。

與去年5月相比,這是一個顯著的轉變,當時達裏奧表示現金仍然是“垃圾”,但隨着2022年市場崩潰的到來,股票“更垃圾”。2022年10月,達裏奧發佈推特稱,他已經改變了對現金的看法,現在將其視爲“中性”。

2018年,橋水基金的規模和盈利讓達裏奧“火出圈”。隨後達裏奧在公開場合數次表達現金是垃圾的觀點,當時最低利率也確實正在提振股票和債券的估值。而現在,美聯儲正在提高利率,這將不利於股市表現。

有意思的是,在芒格批判加密貨幣之際,達裏奧在本次採訪中也對加密貨幣提出了一些批評。比特幣和股票一樣,自年初以來已經反彈。他說:“我認爲你會看到法定貨幣會變得前所未有的有吸引力,但我不認爲比特幣會變得更有吸引力。”

作爲橋水基金的創始人,達裏奧目前已經退出了該基金的日常管理。本週四,橋水基金宣佈,該公司已將Karen Karniol Tambour晉升,將與Bob Prince和Greg Jensen一起擔任聯合首席投資官。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account