How to achieve positive returns on fund investments in 2023?

At the beginning of 2023, from a global perspective, where should fund investments look for returns, how to 'seek progress while maintaining stability' in asset allocation, and which sectors have structural opportunities? Let's see what top domestic and international investment institutions think.(Exciting rewards waiting for you at the end of the article~)

）

1. Global Economic Outlook for 2023

Many institutions believe that when looking at overseas markets,the USA will experience a recession in 2023.，Some institutions also indicate thatthe USA may not fall into recession in 2023, but Europe's recession is likely inevitable.";

Looking ahead to the China market, the views of many major institutions are converging."Bullish on the Chinese economy, bullish on Chinese assets”。

@Goldman Sachs: The US economy is resilient and may barely avoid a recession.；Europe may be heading into a mild recession, with persistent inflation pressures;Inflation pressures persist;China appears to be in a favorable position in terms of economic growth, policies, and inflation cycles.Continuing to reduce holdings or shorting Chinese stocks faces significantly higher risks than going long on Chinese stocks.

Second, Asset Allocation Outlook for 2023

1. Defending against the risk of recession

In 2023, the global market still faces significant uncertainty. Before capturing excess returns, we need to pay extra attention to defensive asset allocation.

Looking across different asset classes, some institutions believe the main risk for 2023 is recession. Bonds, due to their fixed value, can effectively hedge stock market risks and startoverweighting investment-grade bondsBenefiting from the Fed's rate hikes, the income of HKD and USD MMFs has reached recent highs, which some Mooer investors also believeMoney market funds remain the best safe haven.; Some institutions believe that although the US stocks face downward risks,there may also be some structural opportunities in certain industry sectors.。

@Blackrock:The global rise in yields has greatly increased the attractiveness of fixed-income assets such as bonds,but to guard against the risk of both US stocks and bonds declining simultaneously, we are bullish on US short-term government bonds, investment grade bonds, and agency mortgage-backed securities, and underweight long-term government bonds.However, to guard against the risk of simultaneous decline in US stocks and bonds, we are bullish on US short-term government bonds, investment grade bonds, and institutional mortgage-backed securities, and underweight long-term government bonds.

2. Grasp the key structural opportunities in the track.

Although there are increased risks of global economic downturn in 2023, there are still some structural opportunities, such as according to HSBC Chairman Dug Kaki: "In the second quarter, the Asian economy is expected to recover comprehensively, leading the world on the road to recovery." It is worth noting that most institutions believe China's economic growth is expected to reach at least 5% or more, with consumption, advanced manufacturing, and infrastructure becoming growth highlights.。

Combining the opinions of the above-mentioned institutions, we can see that in an economically uncertain and structurally opportunistic environment;Proper asset allocation and equipping one's investment portfolio with both offensive and defensive capabilities are still essential lessons for investors this year.

How do you think fund investments should be arranged in 2023? Which industry themes / investment markets / major asset classes can help us resist risks and achieve returns?

【Activity Rules】

Click on the topic to participate >> How to achieve positive returns on fund investments in 2023?

Reference point of view:

1) Which region and industry's investment opportunities do you prefer? Why?

2) What risks do you think need to be especially avoided? Which assets can serve as 'safe havens'?

3) In 2023, which fund products will you choose to invest in, what percentage, and why?

【Event Duration】

January 16, 2023 to January 30, 2023 23:59

【Activity Rewards】

The official selection will be based on comprehensive arguments, excellence, value, popularity, and other aspects.

Essence Award (3 winners): The top 3 mooers will each receive one 3-day 18% fund coupon (applicable to all types of funds, can use principal: 100HKD-50000HKD).

Participation Award: Participants who engage in discussions with over 30 words will receive 50 points, no limit on the number of participants.

【Special Note】

1. Plagiarism, copying and pasting, and other improper behaviors are strictly prohibited. Once discovered, the eligibility for the prize will be cancelled.

2. Each user can receive up to one award, awards are not cumulative

3. The final interpretation right of this activity belongs to Futu.

The final list of rewards and the method of receiving rewards for this event will be announced within 15-30 working days after the end of the event, upon receipt of notification.6 monthsMooers who do not reply to the message within 6 months will be considered to have forfeited the reward. Thank you~ If you have any questions, please contact.@象象。

Reference materials:

Click to view >> CICC Strategy - 2023 Global Asset Allocation Forecast: Pressure remains on US stocks, consensus on weakening US dollar.

Click to view >> 2023 Wall Street Outlook on Overseas Markets: Consensus on US decline, divergence on whether US stocks can rebound.

Click to view >> Goldman Sachs 2023 Global Macro Outlook: Who Can Escape the Recession?

Click to view >> Consensus among foreign institutional perspectives: Bullish on the Chinese economy, long on Chinese assets.

Click to view >> How will the US stocks and bonds perform in 2023? Goldman Sachs believes that these types of assets can withstand risks.

Click to view >> A visual guide | Which US stocks were the best safe havens in the past three recessions?

Click to view >> The first wave of the epidemic peaked, with traffic and consumer activity accelerating recovery. Institutions are bullish on the prospects of these industries' recovery.

Futu reserves the right of final interpretation and decision for the event. This document should not be considered an invitation, solicitation, recommendation, or basis for buying or selling any investment products or making investment decisions, nor should it be construed as professional advice. Individuals reading this document or making any investment decisions should fully understand the risks, as well as the relevant legal, tax, and accounting implications, and decide whether the investment is suitable for their financial situation and investment objectives, and whether they can bear the related risks. If necessary, seek appropriate professional advice. Investment involves risks, and investors should carefully read fund information and related documents (including their risk factors). Please note that the price of fund products can rise or fall, may fluctuate significantly in a short period, and investors may not be able to recover their investment in the fund; past performance of funds does not predict future performance. In this document, any similar forward-looking statements should not be considered guarantees of future performance, and it should be noted that actual situations or developments may differ significantly from such statements.

1.9M Views