智通财经APP获悉，瑞银全球新兴市场股票首席策略师Sunil Tirumalai表示，新兴市场股市能否受益于资金流出美国是近期与投资者讨论中的常见争议点，认为在市场布局方面，转为战术性偏向本土和防御性股票，建议抛开市场指数，专注于历史上在经历冲击时盈利下滑有限的板块。在多数市场中，这些板块包括必需消费品、IT服务、零售、银行和公用事业。
他将印尼评级上调至超配，印度评级上调至中性，但他更看好中国，认为在新兴市场中，中国股市的风险回报更佳，防御性更强、估值更低，且刺激政策/本土资金流入有望打开潜在上行空间。
他下调香港评级至中性，认为香港易受全球或美国贸易流量风险影响，应当谨慎看待高股息收益率代表的防御性，尤其考虑到港股指数EPS的历史波动较大。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.