<p>预计第四季度财报季将显示大型公司的盈利增长</p>
<p>多元化投资组合的案例愈发明显</p>
<p>黄金和贵金属基金再次受到青睐</p>
<p>1 月 23 日（路透社）- 截至 1 月 21 日的一周内，全球股票基金的投资减少，因为美国总统唐纳德·特朗普威胁要重新点燃与欧洲在格林兰问题上的贸易争端，抑制了投资者的 appetite。</p>
<p>根据 LSEG 的数据，投资者在这一周内购买了净值 91.9 亿美元的全球股票基金，较前一周的 455.7 亿美元净购买额大幅下降。然而，特朗普在周三对八个欧洲国家的关税威胁有所退让，并排除了以武力夺取格林兰的可能性。</p>
<p>美国股票基金减少了 52.6 亿美元，部分流出逆转了前一周 281.7 亿美元的流入。</p>
<p>与此同时，投资者在最近一周分别购买了 102.2 亿美元的欧洲股票基金和 38.9 亿美元的亚洲股票基金。</p>
<p>“从战略上讲，我们认为在一个极化的世界中，跨地区和资产类别的多元化变得更加重要，因为风险更高，结果更不可预测，” 瑞银全球财富管理首席投资官马克·哈费尔（Mark Haefele）表示。</p>
<p>在第四季度财报季的早期阶段，LSEG 数据显示，全球大型和中型公司预计在最后一个季度报告盈利增长 16.44%。</p>
<p>在股票行业中，金融和金属矿业部门的基金分别因流入 23.6 亿美元和 20 亿美元而引人注目。</p>
<p>与此同时，投资者向债券基金净增 125.2 亿美元，连续第三周延续了近期的购买潮。他们购买了净值 21.4 亿美元的美元计价中期债券基金和约 16 亿美元的欧元计价债券基金。</p>
<p>货币市场基金经历了连续第二周的流出，总额达到 350.2 亿美元。</p>
<p>黄金和贵金属商品基金部门吸引了 19.6 亿美元的每周净投资，这是 11 周内的第 10 次周流入。</p>
<p>在新兴市场，投资者购买了 76 亿美元的股票基金，这是自 2024 年 10 月以来单周最大金额。他们还向债券基金投资了 14.2 亿美元，数据涵盖了 28718 只基金。</p>
<p>资金流动：全球股票、债券和货币市场</p>
<p><img src="https://imageproxy.pbkrs.com/https://reut.rs/4g5IBBw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1600" height="882" original-src="https://imageproxy.pbkrs.com/https://reut.rs/4g5IBBw"/></p>
<p>资金流动：全球股票行业</p>
<p><img src="https://imageproxy.pbkrs.com/https://reut.rs/3VDOgFu?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1600" height="856" original-src="https://imageproxy.pbkrs.com/https://reut.rs/3VDOgFu"/></p>
<p>每周流入全球债券基金</p>
<p><img src="https://imageproxy.pbkrs.com/https://reut.rs/467jIkm?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1680" height="758" original-src="https://imageproxy.pbkrs.com/https://reut.rs/467jIkm"/></p>
<p>资金流动：新兴市场股票和债券</p>
<p><img src="https://imageproxy.pbkrs.com/https://reut.rs/42e4by0?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1600" height="900" original-src="https://imageproxy.pbkrs.com/https://reut.rs/42e4by0"/></p>

<p>全球股票基金的资金流入在截至 1 月 21 日的一周内显著下降至 91.9 亿美元，较前一周的 455.7 亿美元大幅减少，这与美国贸易威胁相关的地缘政治不确定性有关。美国股票基金减少了 52.6 亿美元，而欧洲和亚洲股票基金分别吸引了 102.2 亿美元和 38.9 亿美元。债券基金继续受到强烈关注，净流入为 125.2 亿美元。黄金和贵金属基金也保持受欢迎，吸引了 19.6 亿美元的投资。在当前不可预测的环境中，强调了多元化的重要性</p>

<p>Fourth-quarter earnings season expected to show earnings growth for big companies</p>
<div class="lb-trans"><p>预计第四季度财报季将显示大型公司的盈利增长</p>
</div><p>Case grows for diversified portfolios</p>
<div class="lb-trans"><p>多元化投资组合的案例愈发明显</p>
</div><p>Gold and precious metal funds again in favour</p>
<div class="lb-trans"><p>黄金和贵金属基金再次受到青睐</p>
</div><p>Jan 23 (Reuters) - Investments in global equity funds shrank in the week to January 21 as U.S. President Donald Trump’s threats of reigniting a trade dispute with Europe over Greenland curbed investor appetite.</p>
<div class="lb-trans"><p>1 月 23 日（路透社）- 截至 1 月 21 日的一周内，全球股票基金的投资减少，因为美国总统唐纳德·特朗普威胁要重新点燃与欧洲在格林兰问题上的贸易争端，抑制了投资者的 appetite。</p>
</div><p>According to LSEG data, investors bought global equity funds worth a net $9.19 billion during the week - a marked decline from the previous week’s $45.57 billion net purchases. Trump, however, stepped back from his tariff threats against eight European countries on Wednesday and ruled out seizing Greenland by force.</p>
<div class="lb-trans"><p>根据 LSEG 的数据，投资者在这一周内购买了净值 91.9 亿美元的全球股票基金，较前一周的 455.7 亿美元净购买额大幅下降。然而，特朗普在周三对八个欧洲国家的关税威胁有所退让，并排除了以武力夺取格林兰的可能性。</p>
</div><p>U.S. equity funds shrank by $5.26 billion as outflows partly reversed an inflow of $28.17 billion, received in the previous week.</p>
<div class="lb-trans"><p>美国股票基金减少了 52.6 亿美元，部分流出逆转了前一周 281.7 亿美元的流入。</p>
</div><p>Investors, meanwhile, purchased European and Asian equity funds of $10.22 billion and $3.89 billion, respectively in the most recent week.</p>
<div class="lb-trans"><p>与此同时，投资者在最近一周分别购买了 102.2 亿美元的欧洲股票基金和 38.9 亿美元的亚洲股票基金。</p>
</div><p>“Strategically, we believe diversification across regions and asset classes is all the more important in a polarised world, where risks are higher and outcomes less predictable,” said Mark Haefele, chief investment officer at UBS Global Wealth Management.</p>
<div class="lb-trans"><p>“从战略上讲，我们认为在一个极化的世界中，跨地区和资产类别的多元化变得更加重要，因为风险更高，结果更不可预测，” 瑞银全球财富管理首席投资官马克·哈费尔（Mark Haefele）表示。</p>
</div><p>At an early stage of the fourth-quarter earnings season, LSEG data shows that global large- and mid-cap companies are expected to report earnings growth of 16.44% for the last quarter.</p>
<div class="lb-trans"><p>在第四季度财报季的早期阶段，LSEG 数据显示，全球大型和中型公司预计在最后一个季度报告盈利增长 16.44%。</p>
</div><p>Among equity sectors, the financials and metals and mining sector funds were notable for inflows of $2.36 billion and $2 billion, respectively.</p>
<div class="lb-trans"><p>在股票行业中，金融和金属矿业部门的基金分别因流入 23.6 亿美元和 20 亿美元而引人注目。</p>
</div><p>Investors, meanwhile, added a net $12.52 billion to bond funds, extending their recent buying streak into a third successive week. They bought dollar-denominated medium-term bond funds of a net $2.14 billion and euro-denominated bond funds of approximately $1.6 billion.</p>
<div class="lb-trans"><p>与此同时，投资者向债券基金净增 125.2 亿美元，连续第三周延续了近期的购买潮。他们购买了净值 21.4 亿美元的美元计价中期债券基金和约 16 亿美元的欧元计价债券基金。</p>
</div><p>Money market funds underwent a second successive weekly outflow, amounting to a net of $35.02 billion.</p>
<div class="lb-trans"><p>货币市场基金经历了连续第二周的流出，总额达到 350.2 亿美元。</p>
</div><p>The gold and precious metals commodity funds segment drew $1.96 billion worth of weekly net investments, the 10th weekly inflow in 11 weeks.</p>
<div class="lb-trans"><p>黄金和贵金属商品基金部门吸引了 19.6 亿美元的每周净投资，这是 11 周内的第 10 次周流入。</p>
</div><p>In emerging markets, investors acquired equity funds of $7.6 billion, the largest amount for a week since October 2024. They also invested $1.42 billion into bond funds, data for a combined 28,718 funds showed.</p>
<div class="lb-trans"><p>在新兴市场，投资者购买了 76 亿美元的股票基金，这是自 2024 年 10 月以来单周最大金额。他们还向债券基金投资了 14.2 亿美元，数据涵盖了 28718 只基金。</p>
</div><p>Fund flows: Global equities, bonds and money markets</p>
<div class="lb-trans"><p>资金流动：全球股票、债券和货币市场</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://reut.rs/4g5IBBw" alt="" original-src="https://reut.rs/4g5IBBw"/></p>
<p>Fund flows: Global equity sectors</p>
<div class="lb-trans"><p>资金流动：全球股票行业</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://reut.rs/3VDOgFu" alt="" original-src="https://reut.rs/3VDOgFu"/></p>
<p>Weekly flows into global bond funds</p>
<div class="lb-trans"><p>每周流入全球债券基金</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://reut.rs/467jIkm" alt="" original-src="https://reut.rs/467jIkm"/></p>
<p>Fund flows: EM equities and bonds</p>
<div class="lb-trans"><p>资金流动：新兴市场股票和债券</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://reut.rs/42e4by0" alt="" original-src="https://reut.rs/42e4by0"/></p>

全球股票基金的流入因地缘政治不确定性而减缓