Esinye sezona ziphulukene kakhulu kulo nyaka uphelileyo ngokungathandabuzekiyo sisiphumo sengeniso esisigxina esibonise imbuyekezo engemihle phantse kuzo zonke iimeko. Kwanele ukukhumbula ukuba konke mali mali ezisekwe kule asethi yemali ziye zehla ngeli xesha. Into engazange yenzeke iminyaka ethile. Ngokuchanekileyo ngonyaka apho ii-equity zingenzanga kakuhle kwaphela. Apho isalathiso esikhethiweyo sezabelo zaseSpain, i-Ibex 35, ishiye ngaphezulu kwe-10% yexabiso layo elidwelisiweyo.
Ngayiphi na imeko, ezona ziphumo zibi ziye zangqinelana neeasethi zemali ezivela kwingeniso esisigxina. Kwiindlela zayo ezahlukileyo, ukusuka kwityala lenkampani ukuya kwiibhondi ezikhulayo, zonke ziphawulwe ngabo cacisa uguquko olubi kwiimarike zezemali. Kulo nyaka mtsha, le meko ngokubanzi kulindeleke ukuba iqhubeke, nangona inokuphulukana nobunzima. Nokuba yeyiphi na indlela, kukho amacandelo kumvuzo omiselweyo onokuvela ukusukela ngoku.
Enye yeenjongo zakhe nawuphi na umtyalomali omncinci nophakathi iya kuba kukuzifumanisa ezi zinto mathuba o shishino kwicandelo elibalulekileyo lomvuzo. Apho kuyakubaluleka kakhulu ukuqaphela ukuba zeziphi iimveliso ezinokukhula kancinci okanye okungazinzanga kule minyaka imbalwa izayo okanye, ngokuchaseneyo, ezo zikwindawo esezantsi enzulu eya kuthi iqhubeke ngokungathandabuzekiyo kwiinyanga ezizayo okanye iminyaka. Ngomonakalo olandelayo kwipotfoliyo yakho elandelayo yotyalo-mali.
Ingeniso esisigxina: iibhondi zepheripher
Ewe enye yezona mveliso zaziwayo okwangoku zibizwa ngokuba ziipheripheral bond kwaye oko kubhekisa kwityala loluntu amazwe latin yelizwekazi elidala. Phakathi kwazo kukho iPortugal, i-Itali, iGrisi kunye neSpain. Ziyinxalenye yenxalenye elungileyo yemali yotyalomali esekwe kwingeniso esisigxina kwaye nakwezinye iimveliso zezezimali babe nonyaka ongalunganga kwiimarike zezemali. Ngokuhla okunamandla kweeasethi zabo zemali kwaye oko kuye kwakhokelela ekubeni abathathi-nxaxheba abaninzi balahlekelwe yimali engaphezulu kunokuba bekulindelwe kwezi modeli zotyalo-mali.
Kwimeko nayiphi na into, iibhondi zepheripherhi ziyimveliso yengeniso engapheliyo ngenxa yobuthathaka bezoqoqosho zamazwe abambe le asethi yemali. Nangona kunjalo, ukuba bayazifumana kwakhona izikhundla zabo, inokuba lolunye ukhetho kuzo yenza imali eyinzuzo Ngalo nyaka kunzima kakhulu kwiimarike zengeniso esisigxina. Ngale ndlela, inokuba sesinye sezimanga ezinkulu kwiinyanga ezizayo ukuba ezinye zeengxaki ezinazo zilungisiwe kwaye zohlwaya ityala labo elilinganayo. Ngayiphi na imeko, iya kuba yenye yeemveliso ekufuneka ziqwalaselwe ukusukela ngoku.
Izibophelelo eziphezulu zokuvelisa
Ngokuqinisekileyo uyazi ukuba ezi bhondi zazizezona zinenzuzo kumaxesha ahambelanayo phakathi konyaka we-2014 nowe-2017. Ukuza kuthi ga kwinqanaba lokuba baziwa ngenxalenye elungileyo yeearhente zezemali njengeebhondi ezinesivuno esikhulu. Nangona ungacinga, umngcipheko wayo uphezulu kunabanye. Ziyinxalenye yeemali ezininzi zotyalo-mali ezisekwe kwingeniso esisigxina kwaye zinxulunyaniswa neenkampani kunye nenxalenye enkulu yendawo kunye nezoqoqosho kwihlabathi liphela.
Ewe, zizibophelelo zezi mpawu kwaye zichazwe eAsia ezinokuthi zenze eyona mbuyekezo iphezulu kwezi zihlandlo zichanekileyo. Ngokukodwa, kuba zikhona amaxabiso anomtsalane kakhulu kwaye akukho mathandabuzo ukuba ngexabiso eliphantsi ngalo mzuzu. Ngokukodwa kuba nje ukuba ukungavisisani kwezorhwebo kunye ne-China kube lula, baya kuba nempendulo entle ngakumbi kwiimarike zezemali. Ngokokuba kungenzeka ukuba ibe yenye yezinto ezimangalisayo kulo nyaka mtsha osandula ukuqala.
Olunye ukhetho: ukuvela kwetyala
Ubhejo omkhulu kwicala labahlalutyi bezemali, nangona kwelinye icala kukubheja kotyalo-mali olunomngcipheko omkhulu kubo bonke. Akumangalisi ukuba iipesenti zabo zinamandla ngandlela thile. Akukho mhlaba uphakathi ngolu hlobo lotyalo-mali olukhethekileyo njengolo luvela kumazwe asakhasayo. Kwelinye icala, enye into ekufuneka uyiqwalasele kukuba ayizizo zonke iimarike ezihlumayo ezifanayo. Akunjalo ngokufanayo Ityala laseBrazil ngaphezu China. Kuyinyani ukuba kuzo zombini iimeko ziyavela, kodwa zinendalo eyahlukileyo kakhulu njengoko unokuqonda ngenxa yezizathu ezininzi ezahlukeneyo.
Kwelinye icala, kuya kufuneka ubone ityala elivelayo lijamelene nengxaki enkulu enokwenza ukhetho lube nzima. Kunyaka ophelileyo u-2018 ibiyinyani eqinisekileyo kwiimarike ezikhulayo ezizise uvuyo kunye nokudana. Kunye ukuguquguquka kumaxabiso abo agqithisileyo kwinxalenye elungileyo yeenyanga ezidlulileyo. IArgentina, iBrazil kunye neTurkey yimizekelo nje embalwa yamazwe ebesebenza kakhulu ngeli xesha likhethekileyo lokufumana ingeniso esisigxina ngokubanzi.
Indawo eguqukayo
Ngayiphi na imeko, i-2019 inokuba yindawo yokutshintsha kwezi zinto zibalulekileyo zeemali kwiimarike zezemali. Ngayiphi na imeko, yonke into ibonakala ibonisa ukuba ukusukela ngoku zonke iimeko zimiselwe ityala elivelayo ukuba libe ngeli xesha yomelele ngakumbi ngaphezu kwemithambo edlulileyo. Kungenxa yokuba, u-nadir uyathandabuza ukuba inokuba sesinye sezimanga ezinkulu ukuba lo nyaka mtsha usandula ukuqalisa awuyi kuzisa. Kwaye ngoncedo olunokubuya nembuyekezo inomdla ngakumbi kunezinye iibhondi okanye iimveliso zengeniso esisigxina.
Kwelinye icala, oko kubizwa ngokuba ziibhondi kuhlala njengenye indlela Inqanaba lotyalo mali, nangona beya kuba ngcono iindawo ezivulekileyo ngcono eYurophu Oko e-US Esona sizathu siphambili kukuba ukunyuka kwemfazwe yorhwebo kuye kwamiswa kwaye ngenxa yoko enye yezona zinto zithandabuzekayo kwintengiso yezi mpawu zichaziweyo. Kwelinye icala, ayinakulityalwa ukuba amaxabiso akwinqanaba elinomtsalane kwaye kukho indawo yezinto ezimangalisayo kunye nokunciphisa ukusasazeka. Ukuza kuthi ga kwinqanaba lokuba banokunika ngaphezulu kovuyo olunye kubatyali mali abancinci nabaphakathi ukusukela ngoku.
Iibhondi ezikhuselekileyo zemali
Kuhleli ukuhlalutya iibhondi ezizimeleyo, ezinokuba yeyona mveliso izinzileyo ukujongana nayo ngaphandle kweengxaki ezigqithileyo. Ngaphandle kwento yokuba unyaka-mali u-2018 uphele ngo-a ingxelo embi kakhulu, nakwimali yotyalo-mali edibanise ipotifoliyo yotyalo-mali kunye nezinye ii-asethi eziyimfuneko ngokukodwa. Oko kukuthi, kwiimodeli ezixubeneyo phakathi kwee-equities kunye nengeniso esisigxina. Ngelixa kwelinye icala, kulunge kakhulu ukukhumbula ukuba le fomathi yotyalo-mali ayihambi ngamaxesha amahle. Ukuba akunjalo, ngokuchaseneyo, kwaye oko kuyivelisa emngciphekweni omkhulu kwaye onokubangela ukuba ulahlekelwe zii-euro ezininzi kwindlela ekhokelela esiphelweni sonyaka.
Kwelinye icala, eli klasi leebhondi ezaziwayo libonakaliswa yinzuzo yayo ephantsi kumaxesha e-bullish. Apho iphawula ezinye iipesenti ezibandakanyiweyo kwimfoloko ehamba malunga neepesenti ezi-2 ukuya kwi-4%. Apho kuya kuba nzima kakhulu ukuphucula le mida yokulamla imxinwa. Ngaphandle kokuba kubekho utshintsho kuqoqosho lwamanye amazwe kwaye oko kuyakuxhomekeka kwinqanaba lokukhula kuqoqosho lwamanye amazwe kwaye ngakumbi e-United States nakwindawo ye-euro.
Ukudodobala kwezoqoqosho kwihlabathi liphela
Okokugqibela, kufanele kuqatshelwe ukuba ukhuthazo lohlahlo-lwabiwo mali kunye nokuqiniswa kweemeko zezemali kuya kudlala indima ebalulekileyo ekwenzeni uguquko lwezi zinto zexabiso mali zibalaseleyo kwinqanaba lokuqala. Kuba, ewe, imbonakalo yeFed kulo nyaka idayiwe emnyama inikwe ukubonakala kweempawu ezithile zokwehla kwezoqoqosho kwelinye icala leAtlantic. Ngaphaya kokunye ukuthathelwa ingqalelo kwezobuchwephesha kude kube ikwindawo yokujonga izinto ezisisiseko. Nangona kunjalo, kuyakufuneka kuthathelwe ingqalelo ukuze kwenziwe iphothifoliyo elandelayo yotyalo-mali esekwe kwingeniso esisigxina.
Ngokuphathelene noku, inyani ebalulekileyo yokuba uninzi lweeklasi zeeasethi zithumele imbuyekezo engeyiyo, ngelixa ii-asethi zemali ze-USD zigqithe iibhondi kunye nee-equity okokuqala ukusukela ngo-1992, ayinakujongwa nangayiphi na indlela. inokumisela ukusebenza kweeasethi ezahlukeneyo zemali ukusukela ngoku. Ngengqondo enye okanye enye, kwaye ukuze uvule izikhundla, ngokuzimeleyo okanye ngokusebenzisa imali yotyalo-mali esekwe kwingeniso esisigxina. Yeyiphi ekupheleni kosuku ukuba yintoni abatyali mali abancinci nabaphakathi abayifunayo kwaye konke malunga nayo. Ziinyanga ezilishumi elinambini kuphela ezakuhlala zingqina oku.