经济指标与市场展望 - 美国经济呈现增长态势 GDP上半年增长1.5% 而GDI指标显示更强劲的2%增长[4][5][6] - 美股盈利增长预期从年初12%下调至9% 非美发达国家股市盈利预期从9%恶化至-3%[11][12] - 历史数据显示 当美股在两个月内下跌超过15%后 后续12个月平均回报率达27%[18] 人工智能投资趋势 - AI投资应关注具有盈利增长潜力的领域 包括芯片制造商、软件公司和公用事业[20] - 黑石集团通过主动型ETF(BAI)布局AI 因该领域变化快速无法采用指数化投资[21][22] - AI技术不仅能提升效率 还能推动收入增长 有Mag7公司通过AI产品实现季度收入超预期[52] 黄金与加密货币配置 - 各国央行2024年购买1,045吨黄金 连续第三年超过1,000吨 推动金价上涨[2][32] - 黄金供应缺乏弹性 央行购买成为新的需求来源 对价格形成支撑[34][35] - 比特币被视为"数字黄金" 与黄金具有相似的价值存储功能 但波动性更高[41][43] - 比特币ETF与黄金ETF资金流呈现负相关性 显示投资者在不同资产间切换[46] 投资组合构建策略 - 分散化投资在高波动环境中尤为重要 需识别不同资产类别间的回报差异[7][8] - 模型投资组合采用ETF构建 帮助顾问实现规模化、一致性的资产配置[25][29] - 投资组合风险主要取决于股票与债券现金的比例配置 需与投资者风险承受能力匹配[53][54] 国际投资与货币影响 - 美元走弱使非美股票对美元投资者更具吸引力 货币升值抵消部分盈利展望恶化[14] - 非美股票超额收益在去年底已有迹象 并非完全由新闻流推动[15] 行业细分机会 - AI投资机会超越Mag7公司 包括零售业利用AI优化营销和销售计划[52] - 基础设施类AI投资(服务器、数据中心)今年表现突出 公用事业板块受益明显[48][49]

By Davide Barbuscia and Suzanne McGee NEW YORK (Reuters) -Investors look set to face a volatile few months ahead after the Federal Reserve resumed interest rate cuts and opened the door to further easing but tempered its message with warnings of sticky inflation, sowing doubt over the pace of future policy adjustments. Some investors are now less certain that a rapid shift to lower borrowing costs will materialize, potentially dampening optimism that stocks and bonds would get a strong lift from easier p ...

新上市标准的核心意义 - 美国证券交易委员会批准纳斯达克、Cboe BZX和NYSE Arca交易所的新通用上市标准 此举为比特币和以太坊之外的加密货币产品敞开了大门 [1] - 新标准允许符合特定标准的商品信托基金无需单独的委员会命令即可上市 但禁止杠杆和反向结构 [1] - 新规则旨在帮助防止欺诈和操纵行为 同时提高市场透明度和投资者保护 [3] 对加密货币ETF行业的直接影响 - 分析师预计此举将使约12至15种加密货币有资格推出ETF 意味着加密货币ETF将开始成波次地涌现 目前仅有两种产品根据《1933年证券法》存在 [2] - 对于像SPDR Gold Shares和BlackRock的iShares Bitcoin Trust这类商品型基金 《1933年证券法》一直是更合适的申请依据 [3] - 分析师认为SEC的最新行动为自去年现货比特币产品推出以来最广泛的加密货币ETF扩张奠定了基础 [4] 新上市标准的具体要求 - 标准要求标的资产必须在受监管的市场上交易 拥有期货历史 或者已经支持具有显著风险敞口的交易所交易基金 [4] - 信托基金必须每日公布持仓情况、资产净值和流动性政策 做市商则面临交易限制和防止滥用非公开信息的防火墙 [4] 未来加密货币ETF的预期 - 分析师预计Solana和Litecoin将引领下一波获批的ETF [5] - 投资者将能够获得经过SEC审查的、具有合理费用和低交易价差的《1933年证券法》现货ETF 这对行业是积极进展 [3]

New York, United States, September 17th, 2025, FinanceWire Direxion, a leading provider of Leveraged and Inverse ETFs, today announced the appointment of Jessica Fernandez as Global Chief Marketing Officer. In this role, she will lead the firm’s marketing strategy with an emphasis on product and client channel expansion. Mrs. Fernandez will focus on extending Direxion’s global market presence, while further strengthening its leadership in educating investors to confidently trade complex investment vehicle ...

DBS Group has partnered with U.S. asset manager Franklin Templeton and blockchain firm Ripple to offer accredited and institutional investors trading and lending services using tokenised money market ... ...

监管政策变化 - 美国证券交易委员会投票批准三家国家证券交易所修改规则提案 允许采用加密货币及其他现货商品交易所交易产品的通用上市标准[1] - 新规将取消对加密货币现货ETF的个案审批方式 转为采用通用上市标准 明确资产管理公司和交易所必须满足的审批标准[2] - 审批流程从原先需要交易所和资产管理公司分别提交两份申请简化为统一标准 最大审批时间从240天以上缩短至75天[3] 行业影响分析 - 此举被视为美国数字资产监管政策的分水岭 打破了自2013年首次比特币ETF申请以来的监管先例[4] - 首批可能获批的ETF将追踪solana和XRP 资产管理公司早在一年前就已提交申请 但目前除比特币和以太坊外尚无其他加密货币现货ETF获批[5] - 新规为数十种从solana到dogecoin的加密货币现货ETF清除了最后监管障碍[2] 政治环境因素 - 特朗普政府明确支持加密货币社区 承诺对数字资产采取更有利的立场 这与拜登政府时期SEC缓慢审批加密货币ETF形成对比[6] - 此次政策变化是特朗普政府将加密资产纳入主流的最新举措[2] 实施进展展望 - 行业代表表示虽然监管大门已经打开 但仍需完成营销计划 法律备案和服务商协调等大量准备工作[7] - SEC主席将此次批准描述为促进创新和降低数字资产产品壁垒的举措[4]

Key Partnership Highlights: Streamex & Simplify have entered into a letter of intent outlining a framework for pursuing a strategic partnership to leverage each other’s platforms for next-generation financial products.Focus on the integration of Streamex’s tokenized yield-bearing gold into ETF structures, bridging blockchain innovation with institutional-grade financial products.Distribution expansion across both partners' platforms, subject to definitive agreements and regulatory approval.Jointly intending ...

The Federal Reserve on Wednesday delivered on a widely anticipated quarter percentage point interest rate cut that will take its benchmark down to a target range of 4%-4.25%, its lowest in nearly three years. In addition, the central bank's Federal Open Market Committee provided signals of what's down the road."Maybe they circled the wagons a little bit saying, 'You know, this new guy Miran's coming in, it's obvious what his agenda is. Let's pull together here and make sure he knows what we're about and we' ...

Jeffrey Rosenberg, portfolio manager of the systematic multi-strategy fund at BlackRock, discusses what future Federal Reserve rate cuts could mean for the fixed-income market. ...

"In addition to the political jabs aimed at them, the Fed is in a tough spot. They expect stagflation, or higher inflation and a weaker labor market. That is not a great environment for financial assets. One could call the Fed's move a risk management-style rate cut. It shows the Fed is putting more emphasis on the softening in the labor market as they trimmed rates while forecasting more cuts in 2025.""We believe that diversifying portfolios across geographies and currencies and sectors, following a decade ...