【中信证券:国内多资产ETF有望迎来发展契机】 中信证券研报表示,资产配置难度不断提升背景下,需求侧的稳健收益目标驱动叠加供给侧的丰富底层工具储备,国内多资产ETF有望迎来发展契机。从海外经验来看,多资产ETF经历了从“分散化”到“策略化”再到“另类化”三个阶段,整体规模占比较低,但近年来增速有所提升。展望来看,预计国内多资产ETF发展不同阶段也将有不同侧重,初期阶段以挂钩业绩表现稳健、配置模型清晰易懂的配置指数为主,发展阶段以依托较复杂配置模型、迎合特定场景化需求的配置指数为主,成熟阶段以涵盖类型丰富的多资产、多策略配置指数为主。

金融界
28 Feb
中信证券研报表示,资产配置难度不断提升背景下,需求侧的稳健收益目标驱动叠加供给侧的丰富底层工具储备,国内多资产ETF有望迎来发展契机。从海外经验来看,多资产ETF经历了从“分散化”到“策略化”再到“另类化”三个阶段,整体规模占比较低,但近年来增速有所提升。展望来看,预计国内多资产ETF发展不同阶段也将有不同侧重,初期阶段以挂钩业绩表现稳健、配置模型清晰易懂的配置指数为主,发展阶段以依托较复杂配置模型、迎合特定场景化需求的配置指数为主,成熟阶段以涵盖类型丰富的多资产、多策略配置指数为主。

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