Taiwan

2025-04-30 14:41

Industriya当前市场出现反常现象:在风险资产抛售期间美元未能如期走强。
对冲不足(实质是美元多头)将加剧投资损失,因其与股票(及债券)价格形成同步下跌。这正是迫使国际机构启动大规模美元对冲操作,继而引发持续性美元抛售的关键时点。 近年来呈现的「美元微笑」效应(即股市下跌时美元因资金避险需求走强),使得维持较低对冲比例反而能增强组合收益。特别是对于加元这类商品货币(详见附表),在风险规避时期保持美元/加元净多头敞口能产生额外收益,故60/40股债组合的推荐对冲比例仅为40%。 #越沒有錢越要梭哈
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当前市场出现反常现象:在风险资产抛售期间美元未能如期走强。
Taiwan | 2025-04-30 14:41
对冲不足(实质是美元多头)将加剧投资损失,因其与股票(及债券)价格形成同步下跌。这正是迫使国际机构启动大规模美元对冲操作,继而引发持续性美元抛售的关键时点。 近年来呈现的「美元微笑」效应(即股市下跌时美元因资金避险需求走强),使得维持较低对冲比例反而能增强组合收益。特别是对于加元这类商品货币(详见附表),在风险规避时期保持美元/加元净多头敞口能产生额外收益,故60/40股债组合的推荐对冲比例仅为40%。 #越沒有錢越要梭哈
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