多元資產投資有助提升投資組合的分散效益

我是 Justin Christofel，貝萊德多元資產收益團隊投資主管。

目前客戶最常向我提出的一個問題是：「多元資產策略如何應對市場波動？」

多元資產配置策略具備雙重優勢：一方面能夠橫跨全球市場捕捉投資機遇，另一方面亦可因應市場環境與風險格局的變化，靈活調整資產配置。

這包括：聚焦具質素的派息企業；增加非美股的配置；對長期利率保持審慎；精選收益率相對吸引的信貸資產。

現時的市場環境或會令投資者感到無所適從。

然而，我們認為只要把握多元化的投資機會，並保持靈活應變，多元資產投資者能夠掌握合適部署，從容應對當前市況。

此外，構建一個以收益為主要回報來源的投資組合，有助投資者強化組合抗跌力，減低受今年潛在市場震盪的影響。

（僅提供英文版本）

The big question that our clients in Asia Pacific are asking us today is how do I prepare my portfolio in a robust and resilient manner so that the portfolio is ready to maneuver and navigate today's fast changing markets?

Hi, I'm Daniel Caderas . I'm a multi-asset investor, and I lead the Global Tactical Asset Allocation team here at BlackRock.

What worked in the past potentially, where you just combine stocks and bonds in a portfolio and they're largely offset by each other, in particular, during periods of stress and volatility. Those times are gone.

We believe as an investor these days you want to be flexible, you want to be nimble. You also want to incorporate the fact that the world is changing fast, and you want to have a more short-term view.

We are a team which invests in a more tactical manner, which means we focus on the short-term to mid-term time horizon. We do this across a large opportunity set, and that allows us to be flexible in terms of going anywhere. So wherever we believe there's dislocations, discrepancies, wherever the market tends to overreact or underreact, that's where we can position ourselves.