摘要

 
  • 結合投資等級債與大型股,讓不同資產在投資組合中各司其職,共同參與市場節奏。
  • 透過主動資產配置,動態調整資產配置比例與區域比重,回應市場輪動並展現主動操作之價值。

進入2026年,全球經濟在寬鬆政策與結構性成長動能支撐下,延續溫和擴張的步調,AI應用的加速落地儼然成為推動生產力的重要引擎,而多數的央行利率已接近中性區間,後續政策調整將仰賴經濟數據表現,降息步伐趨於謹慎。

在這樣的環境下,市場如同一場合唱演出,經濟旋律持續推進,股市及債市聲部則各有不同的強弱與節奏,要完成一場精彩的演出並非單一聲部的獨奏,瀚亞多重收益優化組合基金(本基金得投資於非投資等級之高風險債券基金且配息來源可能為本金)結合股與債,透過靈活配置譜出動人樂章。

穩定低音部:投資等級債 打好根基

投資等級債如同合唱團中穩定音場的低音部,在投資組合中扮演關鍵的防禦角色,回顧歷史經驗,高評等投資等級債在升息循環告一段落的階段平均表現往往領先如美國公債與非投資等級債等債券,瀚亞多重收益優化組合基金(本基金得投資於非投資等級之高風險債券基金且配息來源可能為本金)以評等較高的投資等級債作為核心配置之一,為後續資產布局提供基礎架構。

主旋律高音部:大型股領銜 掌握趨勢動能

若由債券作為整首歌的根基,那大型股便是帶領整個旋律走向的高音部。在AI應用持續擴展、企業資本支出改善,以及政策具支撐力的環境下,具有規模、財務體質佳且產業地位高的大型企業更有條件參與中長期趨勢發展。當市場不確定性升高時,大型股因流動性高、波動度低、知名度高及本益比較低等優勢而更受資金青睞,因此基金配置聚焦大型股,讓投資人在參與成長趨勢的同時,維持良好的調整彈性,讓旋律清晰而有層次。

主動配置 帶領股債協同前進

一場成功的合唱演出,關鍵不只在於聲部間的協調,有一位懂得節奏與時機的指揮更是不可或缺。面對全球匯率變化、資金流向分散與市場快速輪動,基金透過主動的資產配置,動態調整投資比例、區域與風險承擔方式,協調各資產在不同市場階段中的配置方向。這樣的配置思維,使投資組合能隨著市場環境變化進行調整,而非僅依循單一趨勢運作,展現主動操作的真正價值,完成一首能持續演出的投資樂章。

瀚亞多重收益優化組合基金(本基金得投資於非投資等級之高風險債券基金且配息來源可能為本金)以掌握全球多元資產報酬機會為核心,透過專業團隊主動進行股債配置與調整,並提供多種貨幣級別供投資人選擇,建議投資人分批購買,參與全球市場行情。

更多文章

了解更多
亞洲馬年投資吸引力大增 布局股息收益趁現在

in insights

股票

亞洲馬年投資吸引力大增 布局股息收益趁現在

2026/01

全球股市延續去年的多頭氣勢,市場普遍預期2026年行情仍值得期待。瀚亞投資展望馬年投資趨勢,在美元走弱、亞洲企業獲...

降息周期助攻台股 第一季主動布局好時機

in insights

股票

降息周期助攻台股 第一季主動布局好時機

2026/01

台股2026年開年延續多頭氣焰,台灣加權指數直衝3萬點。瀚亞投信指出,元月資金行情加上AI需求持續擴大,台廠供應鏈...

【日本動力】高市經濟學 Japan is back 日股的新常態與新氣象

in insights

股票

【日本動力】高市經濟學 Japan is back 日股的新常態與新氣象

2025/11

日本新任首相高市早苗當選後,高市經濟學(Sanaenomics)受到各方矚目,而「Japan is back(日本...

【日本動力】忍者式隱形漲勢 日股本益比可望上調

in insights

股票

【日本動力】忍者式隱形漲勢 日股本益比可望上調

2025/10

日股自美國川普宣布解放日關稅後,吸引全球投資者買進,日股其低調但具爆發力的走勢,更被媒體稱之為「忍者式隱形漲勢(n...

【美國科技】單筆、定期定額皆宜 投資科技股不嫌晚

in insights

股票

【美國科技】單筆、定期定額皆宜 投資科技股不嫌晚

2025/10

AI應用及需求爆發,科技基金會太貴嗎?定期定額投資永遠不嫌晚,瀚亞美國高科技基金聚焦半導體及AI題材次產業,短中長...

This document is produced by Eastspring Investments (Singapore) Limited and issued in:

Singapore and Australia (for wholesale clients only) by Eastspring Investments (Singapore) Limited (UEN: 199407631H), which is incorporated in Singapore, is exempt from the requirement to hold an Australian financial services licence and is licensed and regulated by the Monetary Authority of Singapore under Singapore laws which differ from Australian laws.

Hong Kong by Eastspring Investments (Hong Kong) Limited and has not been reviewed by the Securities and Futures Commission of Hong Kong.

Indonesia by PT Eastspring Investments Indonesia, an investment manager that is licensed, registered and supervised by the Indonesia Financial Services Authority (OJK).

Malaysia by Eastspring Investments Berhad (531241-U).

United States of America (for institutional clients only) by Eastspring Investments (Singapore) Limited (UEN: 199407631H), which is incorporated in Singapore and is registered with the U.S Securities and Exchange Commission as a registered investment adviser.

European Economic Area (for professional clients only) and Switzerland (for qualified investors only) by Eastspring Investments (Luxembourg) S.A., 26, Boulevard Royal, 2449 Luxembourg, Grand-Duchy of Luxembourg, registered with the Registre de Commerce et des Sociétés (Luxembourg), Register No B 173737.

United Kingdom (for professional clients only) by Eastspring Investments (Luxembourg) S.A. - UK Branch, 10 Lower Thames Street, London EC3R 6AF.

Chile (for institutional clients only) by Eastspring Investments (Singapore) Limited (UEN: 199407631H), which is incorporated in Singapore and is licensed and regulated by the Monetary Authority of Singapore under Singapore laws which differ from Chilean laws.

The afore-mentioned entities are hereinafter collectively referred to as Eastspring Investments.


The views and opinions contained herein are those of the author on this page, and may not necessarily represent views expressed or reflected in other Eastspring Investments’ communications. This document is solely for information purposes and does not have any regard to the specific investment objective, financial situation and/or particular needs of any specific persons who may receive this document. This document is not intended as an offer, a solicitation of offer or a recommendation, to deal in shares of securities or any financial instruments. It may not be published, circulated, reproduced or distributed without the prior written consent of Eastspring Investments. Reliance upon information in this posting is at the sole discretion of the reader. Please consult your own professional adviser before investing.

Investment involves risk. Past performance and the predictions, projections, or forecasts on the economy, securities markets or the economic trends of the markets are not necessarily indicative of the future or likely performance of Eastspring Investments or any of the funds managed by Eastspring Investments.

Information herein is believed to be reliable at time of publication. Data from third party sources may have been used in the preparation of this material and Eastspring Investments has not independently verified, validated or audited such data. Where lawfully permitted, Eastspring Investments does not warrant its completeness or accuracy and is not responsible for error of facts or opinion nor shall be liable for damages arising out of any person’s reliance upon this information. Any opinion or estimate contained in this document may subject to change without notice.

Eastspring Investments (excluding JV companies) companies are ultimately wholly-owned/indirect subsidiaries/associate of Prudential plc of the United Kingdom. Eastspring Investments companies (including JV’s) and Prudential plc are not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America or with the Prudential Assurance Company, a subsidiary of M&G plc (a company incorporated in the United Kingdom).