2025年第一季度全球金融市場回顧

 

2025年第一季度全球股市呈現顯著分化：特朗普上台後政策層出不窮，目不暇接。年初DeepSeek人工智能技術突破引發美股科技板塊估值重構，納斯達克指數一季度累計下跌10.42%（創2020年以來最大單季跌幅），特斯拉（-35.83%）與英偉達（-19.6%）領跌。受特朗普關稅政策不確定性、全球通脹反彈風險及地緣政治緊張影響，黃金價格一季度飆升。美債收益率大幅下行，反映市場對經濟衰退的擔憂。反觀港股市場，恒生指數逆勢上漲15.25%，印證跨市場配置對分散單一風險的重要性。

 

 

旗艦投資組合表現穩定

 

AQUMON 的全球資產配置策略植根於科學原理，利用大數據和算法爲客戶實現穩定的風險調整後收益。

 

AQUMON的經典三步曲：1）挑選配置大類資產，2）嚴選ETF作爲代表該大類資產，3）然後觀察相關性動態配置權重。模型驅動的同時採用嚴格的風險控制和科學分散投資，我們成功幫助客戶降低投資風險，實現穩穩的收益。

 

SmartGlobal保守型投資組合（40%股票+60%債券，香港上市ETF配置）在複雜市場環境中展現顯著優勢，近一年年化收益率達8.48%，本季度維持0.98%的穩健增長。更具亮點的是，SmartGlobal Max保守型投資組合（20%股票+80%債券，美國上市ETF配置）憑藉獨特的風控機制，在美股劇烈震盪周期中逆市上揚，近一年年化收益突破5.72%，本季度更以1.29%的持續正收益領跑。

 

在全球化投資不確定性加劇的背景下，AQUMON旗艦組合有效規避單一市場系統性風險，持續創造穿越經濟周期的長期價值。

 

 

主題組合精準捕捉結構性機會

 

2025年第一季度，在人工智能技術落地與中概股估值修復的雙重驅動下，港股主題組合表現十分亮眼，其中「港股行業龍頭」和「大中華科技股」2025年第一季度累計收益就分別達到14.56%和11.84%。另外「收息之選」「長期贏家」和「房地產首選股」也有不俗的表現，近一年的年化收益也達到了12%以上。使得投資者既可把握Beta收益，又能通過細分賽道增強Alpha。

 

 

2025年第二季度全球市場展望

 

市場波動仍在持續，積極應對政策變化和抓住增長機會將成為關鍵。特朗普可能推出的新關稅政策（預計4月實施）可能會加劇市場波動。建議增加目前估值處於歷史中等偏低水平的港股配置來對沖風險。由於美聯儲推遲降息，建議保持美債配置，這有助於降低股票市場波動對投資組合的影響。另一方面中國即將出台的消費刺激政策也將利好港股消費類龍頭企業，建議適當提高這類股票在投資組合中的比重。

 

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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