2024年全球市場展望-MX Global

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-2024???庶’?????Part3?

捃ヅ??汊??捃壿???嘵???????捃???暋?慻???愹????憌崖???????

?嵵?┼??庶’?????╡副甲???態(tài)?刾????捃╡副姚???????槶??捃姚?????嫳┑??憌刲╡副?愰卥??????儀??偟?嵩?????????曱???%??╤?揦?╜??偁??偁柩?姢慲??????態(tài)??曱?????????憌?????妾?棔??曱?刳????二枿??????崖?儀準√????妾?呣??晨妾╡副????????枿?????庶’抿僠孄?????????????捃╡副????乑乇???????惵??捃╡副????ぬ????庶倶???捃?????庶具??應??曱?????

?????偏?抿僠?╕?????槶崓慀?ガ?姚??揦??慃????????????憌崖??????????僠??崖???????庶具〆偙偟??嵗庶’????嫳?????????╡?挿僠?????????挿僠二◥?

?????╡副???ガ????甲??????憌??曱?庶????崰??槶崓?????卥????庶??????偮??????儀?偮???????姚????????????????????庶’ガ??姚????????ひ???栁?????枿??????????????槹??ょ?????????晨槶崓?????????????????庶具〆嵗???庚庶’???????????晨崖??????“汊庚捁?

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-?晨??????????廢???????????杦叴???晨崖??????倱??杦扚?????ょ????汊??????汊???甲??┼???槶??枿????株甲??晨?曱?????嶚??????????互?⑷???惵汊????〆????株??晨???橀柛惵汊??庩槸?????????⑷?汊???庩?????????兾?????庩?????汊??壿庶??????偁??曱姚?慏倘橀柛?汊?栁???廟??〆捁喀傛???甲橀柛???╡副???????晨崖?汊????????庶候??汊候????????????刓???????刓??╡副??╡嬴???????憌崖?刓???埯??????卜?????????????????刓???????杦彃廔???曱???????憌崖?刓?姚??偙偟????????庶具??庶????旺??????????憌槶崓刓????╡嬴??????????祝??偁??曱?傅???崖???刓????憑〆嵗????態(tài)╡副???刓????廢汊????憌???槶崓????????????扚?┑??儀???刓???偁偁??????姢慲?????????3??????????????嫳妾?????慐偟??????廡?曱???????偅???豐?????棔????????カ甲????傅??桲????????卜??????曱倘???????*D3?憑?枿?刾????刓???惵汊???╡副崛?庶具?庶’????????????憌崖?態(tài)?儀????????????惵???????????????汊??????兾儀????刓??┼??????????刓???扯?惵???㏕‖?????庶具崖????〆?惵汊????儀?刓????桲嫳慍??嵵???????憌?????????????慎?????????????兵埃?嵗????????????卜??捃?????????

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-?晨????嬴??崖????????刓???????槶崓??????????????????卥??????????晨慊槶崓????????偛??????????????刓????刓????曱????晨崖???豐??々??????槸????甲???〆?┼?卜??妾????汊庚捁?╪???庫?〆嵗?????甲?梟???晨槶崓????曱?????????曱????妾??????憌崖???副╡副?????’????副?’??慎ャ????副???偁ひ???????╃????

????????????╪?╃槶????廷愹?????儀???愷憑?慃儀??『??╃???倘?????儀??????????????????副????甲剢勬????棔?副?廷廼?????????憌慊崖??列員??’???桲??庫?????????╪????????杦????扚????╉????

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??????晨槶崓??????〇?捃??慍????卥?倜デ?????儀???╪????????瀶捃???????惵汊????晨?▃?憔????-20-2???庶’??庶’ヲヲ副????????????????カ甲???????????甲?????庶倶????????互????彚廼????????????庶’?偙偟╃?態(tài)????????????槶崓??庶’??????刓???????杦?栁???庶’?庶?????????????╊ㄉ???暠??????庶’?カ甲???憌廟匚刲?株甲???⒈??????’刓?愹┭???儀準√????嬴偁??????甲ょ╃????’???嵵???愹?????????憌槶?????’刓??曱????????????儀?????’?曱??????????5.7%??卥7.5%?儀??????’?曱??????????7.????卥?.?????’?庶???捃?5(ITs?╉??棐????????刓?Ⅰ????????????’?庶???捃?REITs?????槶???????儀?????庩??&MLs?儀?????庩??&0/V????庶嬶??廷愹???儀??┴兵?╤???儀?????庩??&0/V??〩???????〆惵汊?????態(tài)?庶’???ょ??嵗槫庶’?曱???????????????3-21-3????捃彚庶’???彚???庶??庶具?ㄓ?????嘵????懅枤倱????晨崖???庶具慊╡?憌愹枤ㄓ甲偅?⒈?庶?╘??庶?????瀶捃?ぬ????慍?????庶倶?⊿╉??橀柛?ャ?????副?刓瀶捃????古???毞?????僉?????????候╡副???憒???ャ???庶具?╡?兵埃憌愹???副?刓?庶慍妾?庶倶????橀柛?╉副?惵汊??庶具╡?兵埃憌愹惵曱?????┑??倘???╕?嵗?倘?‖???惵?廟????㏕?????庶具慊╡?兵埃挹╈┿▃????憌愹??????倘??????┑????弾?唩╈???態(tài)???????め????????傊??????瀶捃??槫????庶倶????????????傊??????甲╡副?卦捃???????????兵埃??瀶捃??庶具╡?兵埃?????廢?瀶捃????????儀?/?╪???廢????晨崖????瀶捃??????庶具〆偙偟??????槶崓?????????瀶捃??????呁??????嬴???????捃??儀?應?廖?????庶具?╡?兵埃?儀??『??????倱慍妾染?⒈‖??廢????????????????????嵵???態(tài)???????????倱??惵汊?曱???????????????????庶具嫳???曱???唩ㄉ??姍???具??偁?姢慲?卦????槶??枿??晨槶崓嵗???姚?叡?????????嬴?捃?╡副???????????╡????嬴偁????挹?卜?兾?????〆?偁?????妾????????╊⒈??????偅??????捃???????捃??????????ょ???⒈?庶倶????態(tài)??捃憌??汊???⒈??╡????挿?抿僠?挹??慍?橀柛??????庶具〆二崸?╘??庶????橀柛?⑷???甲橀柛??????┼?柂??梤?4?╘??庩?晨槶崓?????汊???卦????????????兾?╃?庶具?????ぴ?唩╈????め?態(tài)???╘??庩庶’???????????⑷???????叡???????????????庶具桲嫳兵埃橀柛?互??挹╈??慍妾???橀柛???卜????????????儀??庩??????呁??崶候惵???庩扚杚姚?????嫳???????壿庶????↑??杦??彏??????ㄉ????????ょ?????叡???ヅ????????倘?????儀?,&(?

%RI$汊????‖????????????????????????????卥??????杦??????汊???????態(tài)??ぴ甲?????汊?????????????‖???????????巓?????????庶具兾孲?╡????????杦???祝??慻?戕???棔惵??????嵽?????庶??????庶???祝??庶????叡???????????惵汊??????╡副棔??壿庶????汊??╡副?卦??栰?廡??????態(tài)????捃???祝??捃????庶??????廢????庶’?┴???挿倶???????庶???偁??????槸?????⑷??’???┼??’妾??????╡副??應???兾??偙偟???捃?態(tài)╡副?卦??’???????????妾?????捃╡副??廡?愹??栰?????????????????兾??庶具?桲嫳兵埃嵗槫?庶?橀柛??????庶╡副棔???甲?彌?憁????杠樊?慊╡副?????兾懟╉???????態(tài)????╡副?曱????庶具?????????慯?汊????-22-??????????庶??PART4?晨?????????⌒?祝?’??偁???杠樊??????と偟????????????????嵗????崓?????姓???倜ヽ??嫳??〆╊????????╤?????????祝??『ガ妾??????束偁????愷憑??????偅????憌廟匚刲??????亙を???????????『???????????????????廩??┼?????????廩??挿??傊?????????????╤??挿?????副?$,????╡副?╊??態(tài)????????????????偁??????傊??????????┼??╊棛?????????僠思1??????晨???′??欈?????庫具棔?慸橀??晨槶崓?????儀?偁??曱??傅?槶崓???曱????惡????慍?惵???汊庚捁??曱??晨崖??????曱?傅?刾???嫳?▃?汊庚捁刓????槸???抿僠????????曱?????晨槶崓???妾???????ひ?枿???????????????枿?╡副柂??捃??抿????晳??庚???????????晨槶崓???互???????╃??????儀??偑?慻??古???毞???僉?????????┼?儀杦?偟??扯╡副?????’?ャ???『??慍妾?嬶???偁庶捃???應??????????偁?槶???妾橀柛??????妾?庶橀柛??庶具〆???????橀柛????????晨崖?庶???????嬴???捃????瀶捃??ㄉ????????2??惞?????????晨槶崓??副????????偁??副?惞????汊????

?ャ?????????副????乭?妾??????庶具??????副????╢?╉?具????〆??、????〆?’??慎ャ?????????慍??????愹┭?曱?め?柂??╡副??卦?曱憑???愹┭??????????慍汊架??憒????偱古惞???汊卜偋卜彌副???態(tài)???卦??庶??????僠??????慍??????愹┭?曱?め?柂??╡副??卦?曱憑???愹┭??????????慍汊架??憒????偱古惞???汊卜偋卜彌副???態(tài)???卦??庶??????僠???『???????副??思???┼╕關(guān)烶⒈??庶?姚?????╡副?????晨崖??惵汊???????卦???????????????庶具????壿庶???態(tài)?廽?嵦???╘?庶’倥???⒈?庶倶??挿嫳甲????庶具副??????????橀柛?-24

-3??庶具〆嵗?′??欈????????崓???態(tài)????挾???╊ㄉ?╡?????????????‖????┼?二◥??????扯??ヲ?╉???偅????ャ???ガ?????埌???????ャ????卸崬╡?????┿惞??????崓???????????準乭廩??╡????庶具?態(tài)????????????????????????庶具嫳???姓??晨槶崓?姓?庶倶????????唩ㄉ????兾???祝???姚???庶’???⒈╡?????橀柛?曱慎????晨崖??戕????⒈??????庶?????庶具???╡副栁??杦?????????應????????????倜ヽ甲???甲?倜ヽ????庶??暠??挹╈?????????????????慍?????4???????崟慍????????????????ㄉ?二??卜??????????偁????????????祝??????/???????????????????????╃棛??卥?????甲憌刲???????????偁?姢慲?┼慃??????慏倘????????庶???態(tài)?慸?????晨????????⒈?冂????楙甲??憒????晨妾?愹橀??⌒?祝???偁?憒?挿?????偁??〆晰柂?????廟????應???????崪?偁??憌刲?橋?卥?????汊???????????僉?????????橋?????⌒?祝????????嫳?妾倩倩?亙廟????嵇??憌刲???????

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??偁?副?懱⊿喀傛?儀準√?╡副?????晨妾槶??戕?????????????儀準√??具副???惡?枸???????枷*'3?曱?╡副???二?態(tài)???桲嫳?汊???副?柖憌刲???晨妾崖???????儀?偁????棐??????崪?????棔偁?橀???橀??╡副??僛????倱?-25

-1???偁????’?祝???儀???偁?憒?挿?????儀????偁??’???????ャ??????中?????????亙を?┼慎?????廩??憑╕?????▃櫪????嬙扚??愳????晨妾崖??╕廽?卥???????扯╡副???╊?

???????儀????偁??曱?傅????儀??枷*'3???晨妾槶??戕???????傛?戕?櫪????嬙扚????姚?〆嵗????⒉扚??嬙扚?????’???????槸????????偁??橀???????????????慎?????廩挿僠????杦?桲?????杦???????╡副棔?????ㄉ?二???╕?曱ガ????橀柛乭?惵??栁?╕?????????戼?????????????????????????慃??ガ??ぬ崰???〆廷愹桲???僠????┼庶?⒈????卦?????愹┭?????弾???甲桲?????????ガ?????????槳??’??惵??嬴??????互╡副??????’???棔???『????惘?????憒????????????々???桲?????’?僠?慃??????????惵??????庫桲?ガ?????〆?催?????槳??’??僠???ヅ??2?橀?????偁????????儀??棐????偁?橀?????????妾????亙廟????????晨妾崖??????妾?廢???卜亙傛???債???嫳ひ??????╡副慊桲嫳???杦????崪?偁???廟????????柂?甲??態(tài)?偙偟ガ???態(tài)?偁?????偁??╉??ャ????????晨妾槶崓呣??

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-???????慫巓姚????▃?????ヅ偁??曱╉?????妾?ひ?枿?????崤??愰崖?亙傛?????偁??ャ?????甲?栁????應???ャ?憂?????┼亙傛廟????????慴??姢慲〆嵗╡???態(tài)??????????〇???呁???????????⒈??愰崖???????????甲姢慲???????%?????挿??庶’廡?姚姢慲???????%??具??卦?╪??庫具?憿???????偁???卥と偟???????????愰崖???????????惡?枸??╡副甲????????枸??╡副甲??????╗嵏嵦???偁???ヅ???曱?憌刲???????妾慍妾╘?惠?慍め???儀準√???彡ヶ?憌廟匚刲??曱惚慫????祝??扯?㎜?????╉?汊????甲?ャ?????偁??曱棔?????刳?????呁?彡?槶?????????嵦??愰崖???????崰????曱????栁?????╉???曱???????????妾?儀??慻???????????刳??『???副?????????????╡副?庚甲??╊???????傊?????偙偟?????????????????????橀柛?????態(tài)????憌廟匚刲憒?╘?????旺?態(tài)?????庶具桲嫳?????????????桲杦???姓??┼??????????╊??嬴偁??????峘??2???庶’槶?姚??愰?????姚???????偁??崰??庶’╡副???????槶?姚???▃???姚?