美银:投资者资金涌向现金资产,这一趋势短期内不太可能改变

格隆汇
Yesterday
美国银行策略师迈克尔·哈特内特(Michael Hartnett)表示,投资者正以新冠疫情以来最快的速度将资金投入现金类基金,而且短期内不太可能改变这一资金配置趋势。哈特内特在周五发布的报告中指出,除非美联储实施“大规模货币宽松”并持续降息,否则大量处于观望状态的现金资金预计仍将停留在货币市场基金中。截至10月7日的一周,货币市场基金净流入1664亿美元,创2020年4月以来最高水平。哈特内特写道:“美联储不降息,投资者就不会减少现金持有量。”哈特内特指出,历史上现金持有量大幅下降的情况,通常与大规模货币宽松政策同时出现。美国银行数据显示,最近一周,债券基金净流入338亿美元,股票基金净流入124亿美元,均明显低于货币市场基金的资金流入规模。展望2027年,哈特内特认为,美国中期选举最有可能成为推动股市大幅波动的催化因素。不过,鉴于当前央行的加息周期以及金融环境持续收紧,他倾向于在中期选举前采取降低风险敞口的防御性立场。

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