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2025年投资展望

希望了解如何在分化的经济中投资?云集精英之见的瑞联银行2025年投资展望系列,将助您在新一年发掘潜藏的韧性。

每年秋季,瑞联专家在欧洲、亚洲和中东地区巡回举办投资展望路演,亲自向客户剖析未来一年的经济和市场前景,并通过网上广播、播客和展望报告分享独到见解。


瑞联投资信念

以 “分化的韧性”为题,瑞联《2025年投资展望》探究当前通胀、结构性转型和地缘政局纵横交错的情势。全球经济至今得以避过衰退,并展现了顽强但不一致的韧力。在这个分化的格局里,瑞联投资专家在地区和行业中逐一挑选有望带来价值的机遇。

本视频扼要介绍了瑞联在2025年的主要投资信念,欢迎收看。

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在分化的投资格局里,瑞联本着对精挑细选的坚持,前瞻2025年的投资形势。
我们的强项在于能够识别可望缔造新一年的关键机遇。

Michaël Lok, 集团首席投资官及资产管理联席首席执行官

分化的韧性

全球经济连续第二年避过衰退,但随着增长表现日渐分化,未来一年既带来额外的挑战,也潜藏着多样化的韧性。

在美国,特朗普重掌白宫,振兴经济的力度有望比预期为强。放眼美国以外地区,经济保持韧劲,特别是在亚洲。

在持续巩固一体化的进程中,欧洲在新一年再有选举登场,势将面临另一个抉择关头。我们相信,瑞士和北欧地区,另加全球制药业,将为投资者带来兼具创新和抗御力的机会。

通胀可能在2025年后期回升、对债券收益率上行的关注,以至地缘政局紧张,都是现今时局较突出的主题。我们预期,国防公司将受惠于这新形势,而黄金仍然是管理投资组合风险的重要构件。

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播客系列

瑞联就不同专题发表的最新播客。

2025年投资展望

瑞联企业传讯经理Robert Wibberley 与六位专家对谈,探讨经济环境、主要趋势,以及我们对不同资产的主要投资信念。

《2025年投资展望》报告

瑞联《2025年投资展望》报告全方位分析全球经济、通胀、市场发展和货币前景,并呈上我们认为在未来一年最具潜力的投资机会。欢迎下载报告以了解瑞联专家的精辟观点。

《2025年投资展望》报告

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瑞联投资展望的参与专家

26.03.2025

The Dollar and the Donald

Observers and investors were expecting the US dollar to go up in value. This was without counting on the new US administration’s erratic policymaking and announcements on tariffs. Where is it going next and what other factors are affecting the greenback?

13.03.2025

UBP House View - March 2025

Trump’s activism on the US economy is creating fears of recession. To navigate short-term turbulence, we have tactically scaled back our exposure to macro-sensitive assets, such as US equities, including US midcaps, along with high-yield and emerging-market debt, while increasing our allocation to gold.

04.03.2025

Can US equities sustain their momentum?

US corporate earnings growth is slowing. Unless it picks up again, stocks will become overvalued.

03.03.2025

The case for office conversion

In New York as well as other major metro areas, once-bustling corporate offices are now quieter, leading companies to adjust to a new reality: remote working is no longer a temporary solution but rather a structural shift. Consequently, corporates are actively reducing their office space footprints, significantly increasing vacancies in the sector.

27.02.2025

Silver: onwards and upwards

At UBP, we think that silver is set to rise substantially over the coming weeks and months, reflecting large global inventory shifts and an increasingly compelling valuation profile.

24.02.2025

DeepSeek: Chinese challenger enters the AI race

A new player has shaken the AI industry. DeepSeek, until recently a little-known Chinese start-up has launched DeepSeek-R1, a low-cost AI model challenging OpenAI’s ChatGPT, which is a stark reminder that the US is no longer the only competitor in the global AI race.

20.02.2025

India: Will the economy get its mojo back?

The post-election fiscal tightening in 2024, coupled with persistent inflationary pressures, has cast a shadow over India’s economy.

19.02.2025

New record for gold

Gold can continue to rise above levels of USD 3,000 per oz this year, as supported by several factors.

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