智通财经APP获悉，道富环球市场公布最新机构投资者指标。风险偏好指标在9月维持正值，已连续五个月保持乐观情绪。上月读数更追平今年7月创下的2025年高点，反映投资者持续追逐风险资产。
道富环球表示，仅管全球收益率曲线趋陡，但截至9月底长期投资者在股票、固定收益及现金的资产配置基本维持不变，显示资金仍未回流长存续期债券，固定收益资产持仓比重仍显着低于长期平均水平。此趋势与整体市场情绪指标吻合，显示机构投资者在9月持续增持高风险资产。
道富市场美洲宏观策略主管Lee Ferridge表示，仅管多个主要经济体面临地缘政治不确定性升温、经济数据参差等问题，加上多类风险资产估值忧虑加剧，但9月整体风险偏好指标仍展现强劲韧性，股市不断创新高，而波动率指标则持续走低。美联储9月启动今年首次降息，并暗示在2025年结束前将再降息两次(较6月预期多一次)，明显提振了市场信心。
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