美国例外论正在终结,可能导致大规模的美元抛售潮。 高盛分析师Karen Reichgott Fishman和Lexi Kanter在最新报告中表示,美国例外论的消退和美国经济衰退风险的增加正在推动外汇对冲策略的转变。 报告显示,2025年初以来,对冲美股外汇风险的日元投资者年化回报较未对冲组合高出11.6个百分点,而美股投资者对冲欧股外汇风险则导致回报减少了22.9个百分点。 因此,高盛认为,外国...
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