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Asset managers turn to defensive positioning as equity prices soar
面對股價飆升,資產管理公司轉向防禦性策略

Elevated level of stocks and prospect of higher for longer rates have some firms sending up caution flares
股價上漲和利率將在更長時間內維持較高水準的前景導致一些公司建議優先考慮債券而非股票。

Asset managers overseeing trillions of dollars are cautioning clients to take a defensive position heavy on bonds in the face of rising equity prices and the expectation that the Federal Reserve is increasingly unlikely to cut interest rates much further.

監管數萬億美元資產的資產管理公司警告客戶,面對股價上漲和美聯準越來越不可能進一步大幅降息的預期,應採取重倉債券的防禦性策略。

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