2025年第一季度全球金融市场回顾

 

2025年第一季度全球股市呈现显著分化：特朗普上台后政策层出不穷，目不暇接。年初DeepSeek人工智能技术突破引发美股科技板块估值重构，纳斯达克指数一季度累计下跌10.42%（创2020年以来最大单季跌幅），特斯拉（-35.83%）与英伟达（-19.6%）领跌。受特朗普关税政策不确定性、全球通胀反弹风险及地缘政治紧张影响，黄金价格一季度飙升。美债收益率大幅下行，反映市场对经济衰退的担忧。反观港股市场，恒生指数逆势上涨15.25%，印证跨市场配置对分散单一风险的重要性。

 

旗舰投资组合表现稳定

 

AQUMON 的全球资产配置策略植根于科学原理，利用大数据和算法为客户实现稳定的风险调整后收益。

 

AQUMON的经典三步曲：1）挑选配置大类资产，2）严选ETF作为代表该大类资产，3）然后观察相关性动态配置权重。模型驱动的同时采用严格的风险控制和科学分散投资，我们成功帮助客户降低投资风险，实现稳稳的收益。

 

SmartGlobal保守型投资组合（40%股票+60%债券，香港上市ETF配置）在复杂市场环境中展现显著优势，近一年年化收益率达8.48%，本季度维持0.98%的稳健增长。更具亮点的是，SmartGlobal Max保守型投资组合（20%股票+80%债券，美国上市ETF配置）凭借独特的风控机制，在美股剧烈震荡周期中逆市上扬，近一年年化收益突破5.72%，本季度更以1.29%的持续正收益领跑。

 

在全球化投资不确定性加剧的背景下，AQUMON旗舰组合有效规避单一市场系统性风险，持续创造穿越经济周期的长期价值。

 

 

主题组合精准捕捉结构性机会

 

2025年第一季度，在人工智能技术落地与中概股估值修复的双重驱动下，港股主题组合表现十分亮眼，其中“港股行业龙头”和“大中华科技股”2025年第一季度累计收益就分别达到14.56%和11.84%。另外“收息之选”“长期赢家”和“房地产首选股”也有不俗的表现，近一年的年化收益也达到了12%以上。使得投资者既可把握Beta收益，又能通过细分赛道增强Alpha。

 

 

2025年第二季度全球市场展望

 

市场波动仍在持续，积极应对政策变化和抓住增长机会将成为关键。特朗普可能推出的新关税政策（预计4月实施）可能会加剧市场波动。建议增加目前估值处于历史中等偏低水平的港股配置来对冲风险。由于美联储推迟降息，建议保持美债配置，这有助于降低股票市场波动对投资组合的影响。另一方面中国即将出台的消费刺激政策也将利好港股消费类龙头企业，建议适当提高这类股票在投资组合中的比重。

 

 

About us

AQUMON is a Hong Kong based award-winning financial technology company. Our mission is to leverage smart technology to make next-generation investment services affordable, transparent and accessible to both institutional clients and the general public. Through its proprietary algorithms and scalable, technical infrastructure, AQUMON’s automated platform empowers anyone to invest and maximize their returns. AQUMON has partnered with more than 100 financial institutions in Hong Kong and beyond, including AIA, CMB Wing Lung Bank, ChinaAMC, and Guangzhou Rural Commercial Bank. Hong Kong University of Science and Technology, the Alibaba Entrepreneurs Fund, affiliate of BOC International Holdings Limited, Zheng He Capital Management and Cyberport are among AQUMON's investors. 

 

The brand is held under Magnum Research Limited and is licensed with Type 1, 4 and 9 under the Securities and Futures Commission (SFC) of Hong Kong. AQUMON is also licensed by the U.S. Securities and Exchange Commission (SEC) and the Asset Management Association of China (AMAC).

 

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