{"id":2763,"date":"2025-05-12T05:44:31","date_gmt":"2025-05-12T05:44:31","guid":{"rendered":"https:\/\/www.bloomberg.com\/tc\/blog\/indices-2025-outlook-equity\/"},"modified":"2025-07-15T05:30:43","modified_gmt":"2025-07-15T05:30:43","slug":"indices-2025-outlook-equity","status":"publish","type":"post","link":"https:\/\/www.bloomberg.com\/tc\/blog\/indices-2025-outlook-equity\/","title":{"rendered":"2025\u5e74\u6307\u6578\u5c55\u671b\uff1a\u80a1\u7968"},"content":{"rendered":"<div class='bbg-row bbg-bg--white ' data-anchor-label='row-6a04bb59bfc75' data-anchor='row-6a04bb59bfc76'>\n  \n\t\n\t\n\t<div class=\"bbg-row--content\" >\n\t\t\n\t\t\t<div class='bbg-column'>\n\t<p>[vc_column_text]<em>\u672c\u6587\u7531\u5f6d\u535a\u80a1\u7968\u6307\u6578\u7522\u54c1\u7d93\u7406<\/em><em>Sean Murphy\u548cMike Pruzinsky\u64b0\u5beb\u3002<\/em><\/p>\n<p>\u7121\u8ad62024\u5e74\u8868\u73fe\u5982\u4f55\uff0c\u4e00\u5207\u90fd\u57282025\u5e74\u7684\u7b2c\u4e00\u5929\u91cd\u65b0\u4f86\u904e\u3002\u65b0\u7684\u4e00\u5e74\u4f3c\u4e4e\u554f\u984c\u6bd4\u7b54\u6848\u4f86\u5f97\u591a\uff0c\u65b0\u653f\u5e9c\u548c\u8a31\u591a\u6709\u6b0a\u6539\u8b8a\u65e2\u5b9a\u653f\u7b56\u7684\u65b0\u4efb\u547d\u5b98\u54e1\u5c07\u521d\u9732\u92d2\u8292\u3002\u806f\u6e96\u6703\u4e5f\u662f\u503c\u5f97\u95dc\u6ce8\u7684\u95dc\u9375\u53c3\u8207\u8005\uff1a\u6700\u8fd1\u7684\u8a55\u8ad6\u6307\u51fa\uff0c\u806f\u6e96\u6703\u5c07\u91cd\u65b0\u95dc\u6ce8\u901a\u81a8\u7387\u56de\u5347\u81f32%\u7684\u6c34\u5e73\uff0c\u9019\u53ef\u80fd\u610f\u5473\u84572025\u5e74\u964d\u606f\u6b21\u6578\u6703\u6e1b\u5c11\u3002\u60c5\u52e2\u77ac\u606f\u842c\u8b8a\uff0c\u4ee5\u4e0b\u662f\u672a\u4f86\u4e00\u5e74\u503c\u5f97\u95dc\u6ce8\u7684\u4e00\u4e9b\u80a1\u7968\u6307\u6578\u548c\u8da8\u52e2\u3002[\/vc_column_text]<\/p>\n\n<\/div>\n\n\n\t\t\n\t<\/div>\n<\/div>\n<div class='bbg-row interstitial bbg-bg--white bbg-bg--has-media' data-anchor-label='row-6a04bb59c0ce9' data-anchor='row-6a04bb59c0cea'>\n  <style>\n  div[data-anchor=row-6a04bb59c0cea] {\n    background-image: url(https:\/\/assets.bbhub.io\/professional\/sites\/37\/387365101.jpg);\n  }\n  @media screen and ( min-width: 760px ) and ( max-width: 1020px ) {\n    div[data-anchor=row-6a04bb59c0cea] {\n        \n    }\n  }\n  @media screen and ( max-width: 759px ) {\n    div[data-anchor=row-6a04bb59c0cea] {\n        \n    }\n  }\n<\/style>\n\n\t\n\t\n\t<div class=\"bbg-row--content\" >\n\t\t\n\t\t\t<div class='bbg-column'>\n\t<div class=\"outer-container fluid-container webinar-insterstitial interstitial-background \" data-element=\"interstitial-component\">\n\t<div class=\"inner-container\">\n\t\t<div class=\"inter-1 inter-1-background h2-regular\"> \n\t\t\t<p class=\"inter-1-background-text interstitial-text-block\">\u4e86\u89e3\u6709\u95dc\u5f6d\u535a\u6307\u6578\u89e3\u6c7a\u65b9\u6848\u7684\u66f4\u591a\u4fe1\u606f<\/p>\n\t\t\t<div class=\"cta-link-container\">\n\t\t\t\t<a class=\"cta-link-container__link\" href=\"https:\/\/www.bloomberg.com\/tc\/product\/indices\/\" \n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t data-element='interstitial' data-description='text' data-element-position='1' data-page-position='1' data-label='' \t\t\t\t\t><i class=\"cta-link-container__icon icon-arrow-right-white\"><\/i><\/a>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n<\/div>\n\n\n\t\t\n\t<\/div>\n<\/div>\n<div class='bbg-row bbg-bg--white ' data-anchor-label='row-6a04bb59c32d0' data-anchor='row-6a04bb59c32d1'>\n  \n\t\n\t\n\t<div class=\"bbg-row--content\" >\n\t\t\n\t\t\t<div class='bbg-column'>\n\t<p>[vc_column_text]<\/p>\n<h3><strong>\u95dc\u6ce8\u300c\u5ddd\u666e\u4ea4\u6613\u300d<\/strong><\/h3>\n<p>\u5728\u9078\u8209\u65e5\u4e4b\u524d\u7684\u5e7e\u500b\u6708\u88e1\uff0c\u6295\u8cc7\u4eba\u7d1b\u7d1b\u700f\u89bd\u6f14\u8b1b\u3001\u7db2\u7ad9\u3001\u793e\u7fa4\u5a92\u9ad4\u548c\u5f6d\u535a\u7d42\u7aef\u6a5f\uff0c\u4ee5\u4fbf\u4e86\u89e3\u5728\u5ddd\u666e2.0\u653f\u5e9c\u7684\u9818\u5c0e\u4e0b\u54ea\u4e9b\u9818\u57df\u53ef\u80fd\u6703\u6709\u597d\u7684\u7e3e\u6548\u8868\u73fe\u3002\u73fe\u5728\u56de\u982d\u770b\uff0c\u90e8\u5206\u5e02\u5834\u5df2\u7d93\u51fa\u73fe\u53cd\u5f48\uff0c\u56e0\u70ba\u9810\u671f\u67d0\u4e9b\u4f01\u696d\u5c07\u6703\u6709\u66f4\u5bec\u9b06\u7684\u5927\u74b0\u5883\u3002\u4f46\u5ddd\u666e\u7576\u9078\u7e3d\u7d71\u7684\u524d\u666f\u662f\u5426\u5df2\u7d93\u53cd\u6620\u5728\u50f9\u683c\u4e0a\u4e86\uff1f\u96d6\u7136\u904e\u53bb\u7684\u8868\u73fe\u4e26\u4e0d\u80fd\u9810\u793a\u672a\u4f86\u7684\u5831\u916c\uff0c\u4f46\u53ef\u80fd\u6709\u52a9\u65bc\u6aa2\u9a57\u5ddd\u666e\u7b2c\u4e00\u500b\u4efb\u671f\u7684\u7b2c\u4e00\u5e74\u671f\u9593\u4e0d\u540c\u6295\u8cc7\u4e3b\u984c\u548c\u98a8\u96aa\u66b4\u9732\u7684\u8868\u73fe\uff0c\u4e26\u5c07\u5176\u8207\u6211\u5011\u81ea\u9078\u8209\u65e5\u4ee5\u4f86\u6240\u770b\u5230\u7684\u60c5\u6cc1\u9032\u884c\u6bd4\u8f03\u3002\u4ee4\u4eba\u610f\u5916\u7684\u662f\uff0c\u4e00\u4e9b\u53d7\u6b61\u8fce\u7684\u300c\u5ddd\u666e\u4ea4\u6613\u300d\u6700\u8fd1\u9006\u8f49\uff0c\u53ef\u80fd\u70ba\u6295\u8cc7\u8005\u5275\u9020\u5207\u5165\u9ede\u3002<\/p>\n<p><strong>\u7f8e\u570b\u898f\u6a21\u8207\u578b\u614b<\/strong><\/p>\n<p>\u6700\u521d\uff0c\u5e02\u5834\u5c07\u5ddd\u666e\u7576\u9078\u7e3d\u7d71\u8207\u5bec\u9b06\u7684\u76e3\u7ba1\u74b0\u5883\u9023\u7d50\u5728\u4e00\u8d77\uff0c\u5c0f\u578b\u80a1\u88ab\u8996\u70ba\u4e3b\u8981\u53d7\u76ca\u8005\u3002\u7136\u800c\uff0c\u9019\u4e9b\u65e9\u671f\u7684\u6f32\u52e2\u5df2\u7d93\u51fa\u73fe\u9006\u8f49\uff0c\u4e3b\u8981\u662f\u7531\u65bc\u5229\u7387\u8b8a\u5316\u6240\u81f4\u30022017\u5e74\u7684\u5831\u916c\u7387\u986f\u793a\u5927\u578b\u80a1\u7684\u8868\u73fe\u53ef\u80fd\u7e7c\u7e8c\u512a\u65bc\u5c0f\u578b\u80a1\u3002<strong>\u5f6d\u535a\u5927\u578b\u80a1\u6307\u6578<\/strong>\u7576\u5e74\u7684\u8868\u73fe\u6bd4<strong>\u5f6d\u535a<\/strong><strong>2000\u5c0f\u578b\u80a1\u6307\u6578<\/strong>\u9ad8\u51fa\u8fd18%\u3002\u81ea\u5927\u9078\u4ee5\u4f86\uff0c<strong>\u6210\u9577\u578b<\/strong>\u7684\u8868\u73fe\u540c\u6a23\u4e00\u76f4\u512a\u65bc<strong>\u50f9\u503c\u578b<\/strong>\uff0c\u9019\u8207\u5ddd\u666e\u4e0a\u4efb\u7b2c\u4e00\u5e74\u7684\u60c5\u6cc1\u76f8\u4f3c\u3002<\/p>\n<p><strong>\u7f8e\u570b\u884c\u696d<\/strong><\/p>\n<p>2017\u5e74\u8868\u73fe\u6700\u597d\u7684\u884c\u696d\u4e4b\u4e00\u662f\u6750\u6599\uff0c\u5f6d\u535a\u7f8e\u570b\u6750\u6599\u6307\u6578\uff08B3000M\uff09\u7576\u5e74\u4e0a\u6f32\u8d85\u904e20%\u3002\u96d6\u7136\u6709\u8a31\u591a\u56e0\u7d20\u4fc3\u6210\u4e86\u6750\u6599\u7684\u5831\u916c\u7387\uff0c\u4f46\u4e3b\u8981\u662f\u95dc\u7a05\u5c0d\u5de5\u696d\u91d1\u5c6c\uff08\u7279\u5225\u662f\u92fc\u9435\uff09\u7684\u5f71\u97ff\u624d\u5c0e\u81f4\u5c0d\u570b\u5167\u8cc7\u6e90\u9700\u6c42\u7684\u589e\u52a0\u3002\u6709\u8da3\u7684\u662f\uff0c\u6750\u6599\u662f\u81ea\u9078\u8209\u65e5\u4ee5\u4f86\u8868\u73fe\u6700\u5dee\u7684\u884c\u696d\uff0c\u81ea\u9078\u8209\u65e5\u4ee5\u4f86\u4e0b\u8dcc\u8d85\u904e11%\u3002<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><strong>\u57161\uff1aB500 BICS\u884c\u696d\u6307\u6578\uff1a2017\u5e74\u5831\u916c\u7387\u8207\u9078\u8209\u65e5\u5f8c\u5c0d\u6bd4<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-119425\" src=\"https:\/\/assets.bbhub.io\/professional\/sites\/16\/Blog_Indices_20250512_Equity_IMG1.png\" alt=\"\" width=\"1324\" height=\"761\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><strong>\u975e\u7f8e\u570b<\/strong><\/p>\n<p>\u5118\u7ba1\u8cbf\u6613\u885d\u7a81\u4e0d\u65b7\uff0c\u4f46\u5728\u5ddd\u666e\u57f7\u653f\u7684\u7b2c\u4e00\u5e74\uff0c\u570b\u969b\u80a1\u5e02\u8868\u73fe\u537b\u51fa\u4e4e\u610f\u6599\u5730\u597d\u3002\u4e8b\u5be6\u4e0a\uff0c<strong>\u5f6d\u535a\u65b0\u8208\u5e02\u5834\u6307\u6578\uff08<\/strong><strong>EM\u6307\u6578\uff09<\/strong>\u57282017\u5e74\u8868\u73fe\u512a\u65bc\u7f8e\u570b\u80a1\u5e02\uff0c\u5831\u916c\u7387\u9ad8\u905436%\u3002\u53d7\u570b\u5167\u7d93\u6fdf\u5f37\u52c1\u63a8\u52d5\uff0c\u4e2d\u570b\u80a1\u5e02\uff08CN\u6307\u6578\uff09\u7576\u5e74\u5831\u916c\u7387\u4e5f\u8d85\u904e50%\u3002\u4f46\u57282024\u5e74\u9078\u8209\u4ee5\u4f86\u7684\u5e7e\u5468\u5167\uff0c\u65b0\u8208\u5e02\u5834\u80a1\u7968\u4e0b\u8dcc\u8fd15%\uff0c\u4e3b\u8981\u662f\u4e2d\u570b\u5e02\u5834\u6301\u7e8c\u75b2\u8edf\u7684\u7d50\u679c\u3002\u95dc\u7a05\u548c\u8cbf\u6613\u885d\u7a81\u7684\u5f71\u97ff\u662f\u5426\u88ab\u8a87\u5927\u4e86\uff1f<\/p>\n<p>\u5df2\u958b\u767c\u570b\u969b\u80a1\u7968\uff08DMEU 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alt=\"\" width=\"1305\" height=\"884\" 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style=\"text-align: center;\"><strong>\u57163\uff1a\u9078\u64c7\u5f6d\u535a\u4e3b\u984c\u6307\u6578\uff1a2017\u5e74\u5831\u916c\u7387\u8207\u9078\u8209\u65e5\u5f8c\u5c0d\u6bd4<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-119427\" src=\"https:\/\/assets.bbhub.io\/professional\/sites\/16\/Blog_Indices_20250512_Equity_IMG3.png\" alt=\"\" width=\"1324\" height=\"771\" 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href=\"https:\/\/www.bloomberg.com\/tc\/product\/indices\/equity\/\">\u4e86\u89e3\u6709\u95dc\u5f6d\u535a\u80a1\u7968\u6307\u6578\u7522\u54c1\u7684\u66f4\u591a\u8cc7\u8a0a\u3002<\/a>[\/vc_column_text][vc_column_text]<\/p>\n<h6><em>The data and other information included in this publication is for illustrative purposes only, available \u201cas is\u201d, non-binding and constitutes the provision of factual information, rather than financial product advice. BLOOMBERG and BLOOMBERG INDICES (the \u201cIndices\u201d) are trademarks or service marks of Bloomberg Finance L.P. (\u201cBFLP\u201d). BFLP and its affiliates, including BISL, the administrator of the Indices, or their licensors own all proprietary rights in the Indices. Bloomberg L.P. (\u201cBLP\u201d) or one of its subsidiaries provides BFLP, BISL and its subsidiaries with global marketing and operational support and service.<\/em><\/h6>\n<p>[\/vc_column_text]<\/p>\n\n<\/div>\n\n\n\t\t\n\t<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u7121\u8ad62024\u5e74\u8868\u73fe\u5982\u4f55\uff0c\u4e00\u5207\u90fd\u57282025\u5e74\u7684\u7b2c\u4e00\u5929\u91cd\u65b0\u4f86\u904e\u3002\u65b0\u7684\u4e00\u5e74\u4f3c\u4e4e\u554f\u984c\u6bd4\u7b54\u6848\u4f86\u5f97\u591a\uff0c\u65b0\u653f\u5e9c\u548c\u8a31\u591a\u6709\u6b0a\u6539\u8b8a\u65e2\u5b9a\u653f\u7b56\u7684\u65b0\u4efb\u547d\u5b98\u54e1\u5c07\u521d\u9732\u92d2\u8292\u3002\u806f\u6e96\u6703\u4e5f\u662f\u503c\u5f97\u95dc\u6ce8\u7684\u95dc\u9375\u53c3\u8207\u8005\uff1a\u6700\u8fd1\u7684\u8a55\u8ad6\u6307\u51fa\uff0c\u806f\u6e96\u6703\u5c07\u91cd\u65b0\u95dc\u6ce8\u901a\u81a8\u7387\u56de\u5347\u81f32%\u7684\u6c34\u5e73\uff0c\u9019\u53ef\u80fd\u610f\u5473\u84572025\u5e74\u964d\u606f\u6b21\u6578\u6703\u6e1b\u5c11\u3002\u60c5\u52e2\u77ac\u606f\u842c\u8b8a\uff0c\u4ee5\u4e0b\u662f\u672a\u4f86\u4e00\u5e74\u503c\u5f97\u95dc\u6ce8\u7684\u4e00\u4e9b\u80a1\u7968\u6307\u6578\u548c\u8da8\u52e2\u3002<\/p>\n","protected":false},"author":1567,"featured_media":2767,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31,25,47],"tags":[51,49,50],"class_list":["post-2763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-localization","category-insights","category-indices","tag-equity-indices","tag-indices","tag-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.11 - 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