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2025年投资展望

希望了解如何在分化的经济中投资?云集精英之见的瑞联银行2025年投资展望系列,将助您在新一年发掘潜藏的韧性。

每年秋季,瑞联专家在欧洲、亚洲和中东地区巡回举办投资展望路演,亲自向客户剖析未来一年的经济和市场前景,并通过网上广播、播客和展望报告分享独到见解。


瑞联投资信念

以 “分化的韧性”为题,瑞联《2025年投资展望》探究当前通胀、结构性转型和地缘政局纵横交错的情势。全球经济至今得以避过衰退,并展现了顽强但不一致的韧力。在这个分化的格局里,瑞联投资专家在地区和行业中逐一挑选有望带来价值的机遇。

本视频扼要介绍了瑞联在2025年的主要投资信念,欢迎收看。

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在分化的投资格局里,瑞联本着对精挑细选的坚持,前瞻2025年的投资形势。
我们的强项在于能够识别可望缔造新一年的关键机遇。

Michaël Lok, 集团首席投资官及资产管理联席首席执行官

分化的韧性

全球经济连续第二年避过衰退,但随着增长表现日渐分化,未来一年既带来额外的挑战,也潜藏着多样化的韧性。

在美国,特朗普重掌白宫,振兴经济的力度有望比预期为强。放眼美国以外地区,经济保持韧劲,特别是在亚洲。

在持续巩固一体化的进程中,欧洲在新一年再有选举登场,势将面临另一个抉择关头。我们相信,瑞士和北欧地区,另加全球制药业,将为投资者带来兼具创新和抗御力的机会。

通胀可能在2025年后期回升、对债券收益率上行的关注,以至地缘政局紧张,都是现今时局较突出的主题。我们预期,国防公司将受惠于这新形势,而黄金仍然是管理投资组合风险的重要构件。

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播客系列

瑞联就不同专题发表的最新播客。

2025年投资展望

瑞联企业传讯经理Robert Wibberley 与六位专家对谈,探讨经济环境、主要趋势,以及我们对不同资产的主要投资信念。

《2025年投资展望》报告

瑞联《2025年投资展望》报告全方位分析全球经济、通胀、市场发展和货币前景,并呈上我们认为在未来一年最具潜力的投资机会。欢迎下载报告以了解瑞联专家的精辟观点。

《2025年投资展望》报告

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瑞联投资展望的参与专家

08.07.2025

UBP Currency Convictions: Who wins when the USD loses?

The prospect of lower oil prices and possible Fed easing is benign for most G10 currencies.

07.07.2025

UBP House View - July 2025

With summer under way, aligning income generation with long-term growth helps reinforce portfolio resilience. A well-balanced allocation remains essential to navigating the coming months with confidence.

07.07.2025

UBP Weekly View - Brighter earnings outlook for US equities

Investor sentiment in equities was buoyed last week by the passage of the ‘Big Beautiful Bill’, signs of US economic resilience, and hopes of easing trade tensions.

US equities remain our preferred sector for the second half of the year, underpinned by stronger earnings growth expectations, a persistently weaker dollar, and significant exposure to the technology sector.

04.07.2025

Navigating the markets in the summer of 2025

Risk appetite for equities holds firm, yet diversification is paramount.

30.06.2025

UBP Weekly View - Risk appetite holds firm

The Israel–Iran ceasefire has eased concerns about energy prices, thus curbing inflation pressures and maintaining the prospect of a rate cut by the Federal Reserve this autumn. Investor sentiment remains strong, notably on the technology sector. However, the unpredictability of geopolitical developments, coupled with the looming 90-day tariff-pause deadline, leads us to maintain a broad diversification across asset classes and regions.

23.06.2025

UBP Weekly View - Volatility mounts on Middle East escalation

Despite the escalating geopolitical tensions between Israel, Iran and the US, equity and bond markets are – for now – not pricing in a worst-case scenario. In this context, a diversified allocation is warranted to contain tail risks and mitigate mounting volatility. Gold continues to serve as a hedge against extreme shocks.

23.06.2025

“Like a fine dining restaurant”: UBP serves up private markets strategy

UBP is taking a three-pronged approach to elevate its private market business as the Swiss bank seeks to deliver a high-quality experience in the increasingly competitive alternatives space, where virtually all private banks are now offering access to differentiated private market investments.

20.06.2025

Israel–Iran: the dawn of a new global risk regime?

Israel’s ‘pre-emptive’ strikes against Iran on 13 June represent a meaningful escalation in what had been Israel’s ongoing battle against primarily Iranian proxies. The conflict has now shifted towards a direct confrontation between the two regional powers in the Middle East.

18.06.2025

Is the dollar losing its lustre?

Peter Kinsella, UBP’s Global Head of FX and Commodity Strategy, discussed the outlook for the USD with Andreas Koenig, Amundi’s Head of Currency Management.

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