The conflict between Russia and Ukraine is still at a stalemate. Under the influence of international tensions, stock market volatility intensifies, global risk aversion heats up significantly again, and the prices of bulk commodities such as gold, silver, corn and crude oil continue to rise. How should investors invest flexibly in the future?
On February 25, Beijing time, Beijing business daily specially invited financial experts to comprehensively analyze the market situation. Wang Xinjie, chief investment strategist of Standard Chartered's China wealth management department, said that at present, funds have obviously flowed into all kinds of assets. At this stage, it is possible to further promote the growth of commodities and hedge assets in the future.
Wang Xinjie further said, "It should be noted that in such a performance, it is also necessary to remind investors that under the current situation, safe haven assets show a sharp rise. If the situation tends to ease, the safe haven assets will also fall. It is not recommended that investors deliberately pursue higher at the current price point. If the situation eases, investors can seek medium and long-term investment It would be a better way to target or adopt a more decentralized layout. "
Referring to the follow-up stock market trend, Wang Xinjie pointed out, "The probability of another downturn in the global stock market is not large. Some regional markets have taken the lead in stabilizing, which means the release of risk. For investors, don't chase high risk averse assets, but calm down and re select such assets that have been killed in the past due to risk factors. For example, there are some long-term investments in China's A-share market The capital and opportunity meeting targets are now in the process of being killed by mistake. Investors can choose some targets worthy of entry. "
Driven by the current geopolitics and risk aversion, global funds have accelerated the flow of US bonds and other risk averse assets, pushing up the appreciation of the US dollar and risk averse currencies. The outflow of funds from emerging markets and exchange rates are increasing the pressure of exchange rate depreciation. In view of how to guard against some effects brought by the large-scale outflow of funds and the depreciation of the exchange rate under extreme circumstances, Wang Xinjie mentioned that in the foreign exchange market, investors should pay attention to the short-term safe haven funds flowing into the US dollar and other safe haven assets or currencies caused by Russia Ukraine relations. Secondly, as Russia is a major energy exporter, if the price of crude oil is high in the future and the epidemic situation is superimposed, it will face greater pressure on emerging markets, which have a relatively slow economic recovery compared with developed markets. Coupled with higher inflation, emerging markets may have to deal with the possible flow of funds to the dollar.
"For some time to come, if inflation has not been eased and oil prices have not returned to a more reasonable level due to geopolitical events, it will be even worse for emerging market countries, especially those with slow recovery." Wang Xinjie said.
