{"id":108,"date":"2023-11-07T08:00:00","date_gmt":"2023-11-07T08:00:00","guid":{"rendered":""},"modified":"2026-06-22T04:44:34","modified_gmt":"2026-06-22T04:44:34","slug":"ims-q4-outlook-reveals-cautious-stance-amid-recession-expectations","status":"publish","type":"ss_article","link":"https:\/\/www.irostors.com\/zh_CN\/article\/ims-q4-outlook-reveals-cautious-stance-amid-recession-expectations\/","title":{"rendered":"\u57fa\u91d1\u7ecf\u7406\u7b2c\u56db\u5b63\u5ea6\u5c55\u671b\uff1a\u8870\u9000\u9884\u671f\u4e0b\u6301\u8c28\u614e\u6001\u5ea6"},"content":{"rendered":"

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\u7b2c\u56db\u5b63\u5ea6\u53ca\u4ee5\u540e\u589e\u957f\u5c55\u671b<\/h2>\n

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\u901a\u80c0\u9884\u671f<\/h2>\n

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\u8d27\u5e01\u653f\u7b56<\/h2>\n

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\u80a1\u7968\u5e02\u573a\u5c55\u671b<\/h2>\n

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\u9664 HSBC Global Private Banking \u5916\uff0c\u6240\u6709\u53d7\u8bbf\u6295\u8d44\u7ecf\u7406\u5747\u4f4e\u914d\u7f8e\u56fd\u80a1\u7968\u3002\u4ed6\u4eec\u8ba4\u4e3a\uff0c\u7f8e\u56fd\u80a1\u7968\u53d7\u5e74\u521d\u81f3\u4eca\u6da8\u52bf\u63a8\u52a8\u800c\u4f30\u503c\u504f\u9ad8\uff0c\u76c8\u5229\u9884\u671f\u8fc7\u9ad8\u4e14\u672a\u53cd\u6620\u8d1f\u9762\u5b8f\u89c2\u7ecf\u6d4e\u524d\u666f\u3002Neuberger Berman \u7b49\u4e00\u4e9b\u6295\u8d44\u7ecf\u7406\u7ee7\u7eed\u8d28\u7591\u8fd9\u8f6e\u6da8\u52bf\u7684\u57fa\u672c\u9762\u9a71\u52a8\u529b\uff0c\u5c24\u5176\u662f\u5e02\u573a\u5e7f\u5ea6\u4e0d\u8db3\u3002\u8bb8\u591a\u5176\u4ed6\u673a\u6784\u575a\u6301\u8ba4\u4e3a\uff0c\u4e0e\u56fa\u5b9a\u6536\u76ca\u76f8\u6bd4\uff0c\u7f8e\u56fd\u80a1\u7968\u5e76\u672a\u63d0\u4f9b\u8db3\u591f\u98ce\u9669\u6ea2\u4ef7\uff0c\u56e0\u6b64\u98ce\u9669\u56de\u62a5\u72b6\u51b5\u4e0d\u4f73\u3002<\/p>\n

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\u4e0e\u7f8e\u56fd\u548c\u6b27\u6d32\u76f8\u6bd4\uff0c\u65e5\u672c\u548c\u65b0\u5174\u5e02\u573a\u80a1\u7968\u76f8\u5bf9\u66f4\u53d7\u9752\u7750\u3002\u4f8b\u5982\uff0cBlackRock \u548c Deutsche Bank Wealth Management \u57fa\u4e8e\u66f4\u5f3a\u52b2\u7684\u589e\u957f\u9884\u6d4b\u2014\u2014\u53ef\u80fd\u8d85\u8fc7\u5e02\u573a\u76c8\u5229\u9884\u671f\u2014\u2014\u5bf9\u65e5\u672c\u975e\u5e38\u4e50\u89c2\u3002\u4ed6\u4eec\u4e5f\u8ba4\u4e3a\uff0c\u80a1\u4e1c\u53cb\u597d\u578b\u4e3e\u63aa\u6709\u671b\u7ee7\u7eed\u83b7\u5f97\u5916\u56fd\u6295\u8d44\u8005\u652f\u6301\uff0c\u4ece\u800c\u652f\u6491\u65e5\u672c\u5e02\u573a\u6d41\u52a8\u6027\u3002\u5bf9\u65b0\u5174\u5e02\u573a\u80a1\u7968\u7684\u79ef\u6781\u89c2\u70b9\uff0c\u5f97\u5230\u8f83\u4f4e\u4f30\u503c\u53ca\u5176\u592e\u884c\u5df2\u8fdb\u5165\u964d\u606f\u5468\u671f\u7684\u652f\u6301\u3002\u4f8b\u5982\uff0cAegon AM \u5728 10 \u6708\u521d\u4f30\u8ba1\uff0c\u6309 12 \u4e2a\u6708\u8fdc\u671f\u5e02\u76c8\u7387\u8ba1\u7b97\uff0c\u65b0\u5174\u5e02\u573a\u8f83\u53d1\u8fbe\u5e02\u573a\u6298\u8ba9\u7ea6 30%\u3002\u603b\u4f53\u800c\u8a00\uff0c\u5df4\u897f\u548c\u58a8\u897f\u54e5\u662f\u7ecf\u5e38\u88ab\u63d0\u53ca\u7684\u65b0\u5174\u5e02\u573a\u56fd\u5bb6\u9009\u62e9\u3002<\/p>\n

\u56fa\u5b9a\u6536\u76ca\u5e02\u573a\u5c55\u671b<\/h2>\n

\u53d1\u8fbe\u5e02\u573a\u4e3b\u6743\u503a\u5238\uff1a\u5e02\u573a\u603b\u4f53\u504f\u597d\u77ed\u4e45\u671f\u4e3b\u6743\u503a\u5238\u3002\u4f8b\u5982\uff0cBlackRock \u770b\u597d\u7f8e\u56fd\u3001\u82f1\u56fd\u548c\u6b27\u5143\u533a\u653f\u5e9c\u503a\u5238\uff0c\u5c24\u5176\u662f\u6536\u76ca\u7387\u98d9\u5347\u7684\u54c1\u79cd\uff1bRussell Investments \u5219\u8ba4\u4e3a\u7f8e\u56fd\u3001\u82f1\u56fd\u548c\u5fb7\u56fd\u503a\u5238\u5177\u6709\u4ef7\u503c\uff0c\u5e76\u9884\u671f\u592e\u884c\u8f6c\u5411\u9e3d\u6d3e\u540e\u53ef\u80fd\u4e0a\u6da8\u3002Nuveen \u8868\u793a\uff0c\u5229\u7387\u73af\u5883\u7684\u6ce2\u52a8\u53ef\u80fd\u51cf\u5f31\uff0c\u4e3a\u5ef6\u957f\u503a\u5238\u4e45\u671f\u5e76\u5efa\u7acb\u66f4\u6301\u4e45\u7684\u6536\u76ca\u7387\u7ed3\u6784\u521b\u9020\u673a\u4f1a\u3002Invesco \u548c American Century \u4e5f\u4f20\u8fbe\u4e86\u8fd9\u4e00\u770b\u6cd5\uff0c\u4f46 Bridgewater \u548c BlackRock \u5e76\u4e0d\u540c\u610f\u3002Bridgewater \u8ba4\u4e3a\uff0c\u968f\u7740\u7f8e\u56fd\u8d22\u653f\u90e8\u5c06\u53d1\u884c\u7b56\u7565\u4ece\u77ed\u671f\u503a\u5238\u8f6c\u5411\u957f\u671f\u503a\u5238\uff0c\u5e02\u573a\u5c06\u51fa\u73b0\u4f9b\u7ed9\u8fc7\u5269\u3002\u6700\u540e\uff0cBlackRock \u8ba4\u4e3a\u5e02\u573a\u9519\u8bef\u5b9a\u4ef7\u4e86\u6301\u7eed\u901a\u80c0\u3001\u66f4\u9ad8\u5229\u7387\u7ef4\u6301\u66f4\u4e45\u53ca\u7f8e\u56fd\u653f\u5e9c\u66f4\u9ad8\u503a\u52a1\u8d1f\u62c5\u3002<\/p>\n

\u516c\u53f8\u503a\u5238\uff1a\u516c\u53f8\u503a\u524d\u666f\u597d\u574f\u53c2\u534a\uff0c\u4f46\u6574\u4f53\u504f\u5411\u4f18\u8d28\u503a\u5238\u3002\u7531\u4e8e\u8870\u9000\u98ce\u9669\u4e0b\u5b9a\u4ef7\u7f3a\u4e4f\u5438\u5f15\u529b\uff0cBlackRock\u3001PIMCO\u3001Nuveen \u548c American Century \u5bf9\u516c\u53f8\u4fe1\u8d37\u4fdd\u6301\u5ba1\u614e\u3002\u5e02\u573a\u5bf9\u6295\u8d44\u7ea7\uff08IG\uff09\u516c\u53f8\u503a\u770b\u6cd5\u5206\u5316\u3002Man Group \u975e\u5e38\u9009\u62e9\u6027\u5730\u575a\u6301\u914d\u7f6e\u6b27\u6d32 IG \u91d1\u878d\u503a\uff0c\u56e0\u5176\u57fa\u672c\u9762\u4f18\u4e8e\u7f8e\u56fd\u540c\u4e1a\uff1b\u9274\u4e8e\u7ecf\u6d4e\u653e\u7f13\uff0c\u5bf9\u5176\u4ed6\u5468\u671f\u6027 IG \u503a\u5238\u6301\u5ba1\u614e\u6001\u5ea6\u3002\u76f8\u53cd\uff0cDB Wealth Management \u5bf9\u7f8e\u56fd\u548c\u6b27\u6d32\u6295\u8d44\u7ea7\u516c\u53f8\u503a\u5747\u6301\u79ef\u6781\u770b\u6cd5\uff0c\u56e0\u5176\u7ecf\u6d4e\u5c55\u671b\u66f4\u4e50\u89c2\uff1bGoldman Sachs Asset Management \u5219\u770b\u597d\u7f8e\u56fd IG \u503a\u5238\uff0c\u8ba4\u4e3a\u57fa\u672c\u9762\u7a33\u5065\u5e76\u80fd\u627f\u53d7\u66f4\u9ad8\u878d\u8d44\u6210\u672c\u3002\u5e02\u573a\u5bf9\u9ad8\u6536\u76ca\uff08HY\uff09\u516c\u53f8\u503a\u7684\u6001\u5ea6\u4e3b\u8981\u5ba1\u614e\u3002BlackRock \u4f4e\u914d\uff0c\u56e0\u5176\u8ba4\u4e3a HY \u5e02\u573a\u5229\u5dee\u5c24\u5176\u504f\u7a84\uff0c\u65e0\u6cd5\u8865\u507f\u5176\u5bf9\u589e\u957f\u653e\u7f13\u548c\u4fe1\u8d37\u6761\u4ef6\u6536\u7d27\u7684\u9884\u671f\u3002Russell Investments \u8ba4\u540c\u8fd9\u4e00\u89c2\u70b9\uff0c\u6307\u51fa HY \u76f8\u5bf9\u7f8e\u56fd\u56fd\u503a\u7684\u5229\u5dee\u4f4e\u4e8e\u5e73\u5747\u6c34\u5e73\u3002DB Wealth Management \u6307\u51fa\uff0c\u7f8e\u5143 HY \u548c\u6b27\u5143 HY \u7684\u8fdd\u7ea6\u7387\u5747\u5df2\u4e0a\u5347\uff0c\u968f\u7740\u53d1\u884c\u4eba\u8270\u96be\u5e94\u5bf9\u66f4\u9ad8\u6210\u672c\u518d\u878d\u8d44\uff0c\u8fdd\u7ea6\u7387\u53ef\u80fd\u7ee7\u7eed\u6500\u5347\u3002Man Group \u5c24\u5176\u8b66\u60d5\uff0c\u8ba4\u4e3a\u5468\u671f\u6027 HY \u884c\u4e1a\u9700\u8981\u66f4\u9ad8\u98ce\u9669\u6ea2\u4ef7\u3002\u6700\u540e\uff0c\u5bf9\u65b0\u5174\u5e02\u573a\u516c\u53f8\u503a\u7684\u89c2\u70b9\u5177\u6709\u9009\u62e9\u6027\u4e14\u56e0\u5730\u533a\u800c\u5f02\u3002American Century \u867d\u770b\u597d\u58a8\u897f\u54e5\u3001\u5370\u5c3c\u3001\u5df4\u897f\u548c\u5357\u975e\uff0c\u4f46\u504f\u597d\u7535\u529b\u3001\u5efa\u7b51\u4e0e\u673a\u68b0\u3001\u98df\u54c1\u996e\u6599\u53ca\u6d88\u8d39\u54c1\u884c\u4e1a\u7684\u9ad8\u8d28\u91cf\u4fe1\u8d37\u3002Man Group \u8ba4\u4e3a\uff0c\u5254\u9664\u4e2d\u56fd\u540e\uff0c\u65b0\u5174\u5e02\u573a\u516c\u53f8\u503a\u4f30\u503c\u516c\u5141\uff0c\u751a\u81f3\u504f\u7d27\u3002\u56e0\u6b64\u8be5\u673a\u6784\u975e\u5e38\u9009\u62e9\u6027\u5730\u770b\u597d\u90e8\u5206\u4e2d\u56fd\u5de5\u4e1a\u80a1\u3001\u6fb3\u95e8\u535a\u5f69\u4e1a\u3001\u58a8\u897f\u54e5\u94f6\u884c\u548c\u5df4\u897f\u6cb9\u7530\u670d\u52a1\u7b49\u3002<\/p>\n

\u4e2d\u56fd<\/h2>\n

\u6295\u8d44\u7ecf\u7406\u7684\u89c2\u70b9\u603b\u4f53\u5341\u5206\u7ec6\u81f4\uff0c\u53cd\u6620\u51fa\u673a\u9047\u3001\u8c28\u614e\u4e50\u89c2\u4ee5\u53ca\u5bf9\u7ed3\u6784\u6027\u6311\u6218\u7684\u62c5\u5fe7\u4ea4\u7ec7\u3002<\/p>\n

\u8bb8\u591a\u6295\u8d44\u7ecf\u7406\u8ba4\u8bc6\u5230\u4e2d\u56fd\u5e02\u573a\u7684\u4f4e\u4f30\u503c\u3002Invesco \u6839\u636e\u672a\u6765 12 \u4e2a\u6708\u9884\u671f\u56de\u62a5\uff0c\u76f4\u63a5\u5c06\u4e2d\u56fd\u80a1\u7968\u5217\u4e3a\u5176\u540c\u7c7b\u6700\u4f73\u8d44\u4ea7\u3002BlackRock \u4e5f\u8ba4\u8bc6\u5230\u4f30\u503c\u5df2\u4e0b\u964d\u3002Lazard Asset Management \u6307\u51fa\uff0c\u653f\u7b56\u652f\u6301\u516c\u544a\u540e\uff0c\u6295\u8d44\u8005\u8fd1\u671f\u5bf9\u4e2d\u56fd\u91cd\u65b0\u4ea7\u751f\u5174\u8da3\uff1b\u4f46\u4ed6\u4eec\u4ecd\u5728\u601d\u8003\uff0c\u4e2d\u592e\u653f\u5e9c\u80fd\u5426\u65e0\u987b\u5927\u89c4\u6a21\u523a\u6fc0\u65b9\u6848\u4fbf\u7a33\u5b9a\u589e\u957f\u8f68\u8ff9\u3002<\/p>\n

Fidelity International \u8ba4\u4e3a\uff0c\u9274\u4e8e\u653f\u5e9c\u5bf9\u503a\u52a1\u6c34\u5e73\u7684\u62c5\u5fe7\uff0c\u5927\u89c4\u6a21\u523a\u6fc0\u4e0d\u592a\u53ef\u80fd\u51fa\u73b0\uff1b\u4e0d\u8fc7\uff0c\u8be5\u673a\u6784\u6ce8\u610f\u5230\u6d88\u8d39\u8005\u4fe1\u5fc3\u4ee5\u53ca\u670d\u52a1\u4e1a\u3001\u534a\u5bfc\u4f53\u548c\u53ef\u518d\u751f\u80fd\u6e90\u7b49\u7279\u5b9a\u884c\u4e1a\u51fa\u73b0\u79ef\u6781\u4fe1\u53f7\u3002Abrdn \u8ba4\u4e3a\uff0c\u5c06\u4e2d\u56fd\u4e0e 1990 \u5e74\u4ee3\u7684\u65e5\u672c\u76f8\u6bd4\u8fc7\u4e8e\u60b2\u89c2\u3002\u5c3d\u7ba1\u4eba\u53e3\u8001\u9f84\u5316\uff0c\u4e2d\u56fd\u4eba\u53e3\u7ed3\u6784\u8fdc\u672a\u6fd2\u4e34\u5d29\u6e83\uff0c\u57ce\u9547\u5316\u4ecd\u6709\u8fdb\u4e00\u6b65\u7a7a\u95f4\u3002Allianz GI \u8ba4\u4e3a\uff0c\u653f\u5e9c\u62e5\u6709\u8db3\u591f\u5de5\u5177\u7ba1\u7406\u5f53\u524d\u6311\u6218\uff0c\u5c3d\u7ba1\u89e3\u51b3\u8fd9\u4e9b\u6311\u6218\u53ef\u80fd\u9700\u8981\u8f83\u957f\u65f6\u95f4\u3002GSAM \u5f3a\u8c03\uff0c\u5730\u65b9\u653f\u5e9c\u5c42\u9762\u7684\u4fe1\u8d37\u6311\u6218\u53ef\u80fd\u9650\u5236\u56fd\u5185\u91cd\u542f\u589e\u957f\u7684\u8d44\u6e90\uff0c\u800c\u5168\u7403\u589e\u957f\u653e\u7f13\u548c\u4f9b\u5e94\u94fe\u8f6c\u79fb\u5c06\u9650\u5236\u5916\u90e8\u9700\u6c42\u652f\u6301\u3002PIMCO \u4e0d\u6392\u9664\u4e2d\u56fd 2024 \u5e74\u589e\u957f\u53ef\u80fd\u8fdb\u4e00\u6b65\u653e\u7f13\u81f3 3%\uff0c\u4f4e\u4e8e\u5176\u57fa\u51c6\u60c5\u666f\u7684 4.4%\u3002Aegon AM \u9884\u8ba1\u957f\u671f GDP \u589e\u957f\u4e3a 3% \u81f3 4%\uff0c\u5e76\u6307\u51fa IMF \u9884\u6d4b\u672a\u6765\u51e0\u5e74\u5c06\u4f4e\u4e8e 4%\u3002<\/p>\n

\u4ece\u6839\u672c\u4e0a\u770b\uff0c\u8bb8\u591a\u6295\u8d44\u7ecf\u7406\u8ba4\u4e3a\u4e2d\u56fd\u6b63\u5904\u4e8e\u6218\u7565\u5341\u5b57\u8def\u53e3\u3002\u786e\u4fdd\u91d1\u878d\u7a33\u5b9a\u3001\u63d0\u5347\u5730\u7f18\u653f\u6cbb\u5f71\u54cd\u529b\u53ca\u8f6c\u53d8\u589e\u957f\u6a21\u5f0f\u7684\u9700\u8981\uff0c\u7f29\u5c0f\u4e86\u653f\u5e9c\u53ef\u8fd0\u7528\u5de5\u5177\u7684\u8303\u56f4\u3002\u56e0\u6b64\uff0c\u91cd\u542f\u589e\u957f\u5f15\u64ce\u53ef\u80fd\u9700\u8981\u66f4\u591a\u65f6\u95f4\u3002Bridgewater \u9884\u8ba1\uff0c\u56e0\u653f\u6cbb\u98ce\u9669\u4e0a\u5347\uff0c\u4e2d\u56fd\u5c06\u7ecf\u5386\u957f\u671f\u53bb\u6760\u6746\u8fc7\u7a0b\uff0c\u523a\u6fc0\u63aa\u65bd\u6709\u9650\uff1b\u5176\u9884\u6d4b\u653f\u7b56\u5c06\u4fdd\u6301\u5bbd\u677e\u4f46\u5ba1\u614e\u3002Aegon AM \u8ba4\u4e3a\uff0c\u8003\u8651\u5230\u8fd1\u671f\u53cc\u65b9\u884c\u4e3a\uff0c\u4e2d\u7f8e\u7d27\u5f20\u5173\u7cfb\u4e0d\u592a\u53ef\u80fd\u7f13\u548c\u3002 <\/p>\n

\u6211\u4eec\u5e0c\u671b\u8fd9\u4efd\u7b80\u8981\u603b\u7ed3\u80fd\u8ba9\u60a8\u6df1\u5165\u4e86\u89e3\u4e3b\u8981\u673a\u6784\u6295\u8d44\u8005\u6700\u65b0\u7684\u6295\u8d44\u610f\u5411\uff0c\u5e76\u5bf9\u60a8\u7684\u5185\u90e8\u548c\u5916\u90e8\u8ba8\u8bba\u6709\u6240\u52a9\u76ca\u3002Irostors \u662f\u9996\u4e2a\u901a\u8fc7 IR \u6570\u636e\u5e2e\u52a9 IRO \u548c CFO \u7b80\u5316\u6295\u8d44\u8005\u5b9a\u5411\u7684 SaaS \u5e73\u53f0\u3002\u6b22\u8fce\u8054\u7cfb\u6211\u4eec\uff0c\u8ba8\u8bba\u6211\u4eec\u7684\u89e3\u51b3\u65b9\u6848\u3002<\/p>","protected":false},"excerpt":{"rendered":"

Major investment managers have released their 4Q and longer-term investment outlooks over the past month and a half. We have meticulously dissected them and prepared a summary of their views on the growth outlook, inflation expectations, rate policies, equity and fixed income markets outlook. To read a specific outlook, please click on the manager\u2019s name […]<\/p>\n","protected":false},"author":3,"featured_media":149,"template":"","class_list":["post-108","ss_article","type-ss_article","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.irostors.com\/zh_CN\/wp-json\/wp\/v2\/ss_article\/108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.irostors.com\/zh_CN\/wp-json\/wp\/v2\/ss_article"}],"about":[{"href":"https:\/\/www.irostors.com\/zh_CN\/wp-json\/wp\/v2\/types\/ss_article"}],"author":[{"embeddable":true,"href":"https:\/\/www.irostors.com\/zh_CN\/wp-json\/wp\/v2\/users\/3"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.irostors.com\/zh_CN\/wp-json\/wp\/v2\/media\/149"}],"wp:attachment":[{"href":"https:\/\/www.irostors.com\/zh_CN\/wp-json\/wp\/v2\/media?parent=108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}