Kutheni Ukhangelelani Ukubuyiselwa Kwehlabathi?
Kukho amaxesha amaninzi kwimbali apho amazwe athuthukile ahlupheke ngokuveliswa kwezivuno. Ngokomzekelo, iUnited States, iYurophu kunye neJapane ziye zagcina isantya semali ephantsi ngokungaqhelekanga ukususela kwiingxaki zemali ka-2008. I-United States iqalile ukunyuka kwamaxabiso ngonyaka ka-2016 no-2017, kodwa i-European Central Bank (ECB) inexabiso lentengo yepesenti kunye neBhanki yaseJapan inexabiso elithintekayo lemali, njengasekupheleni kwe-2017.
Ixabiso lentengo elincinci likhokelela ekukhohliseni amaxabiso e-asethi aphezulu kuba yinto engabizi kakhulu ukuboleka imali, oko kuthetha ukuba abatyala-mali abafuna isivuno kwiimarike zasekhaya banokuhlawula ixabiso eliphezulu. Iimarike zamazwe ngamazwe zinokunikela izivuno ezithe xaxa ngokulinganisela ngakumbi kwezi ziko. Iimarike zasekhaya zingabonakala zikhangeleka ngenxa yokufumana intengo enamandla-ekhutshwe ngamaxabiso aphantsi-kodwa ukuhlukahluka kunokubonelela ngexesha elide.
I-real estate yehlabathi kunye neebhondi ziinkalo ezimbini eziqhelekileyo zeempahla zezo zifuna isivuno.
Emva kwakho konke, utyalo-mali lwamaxabiso ahlala ehlawula nayiphi na ingeniso kwimali (ikakhulukazi e-United States apho kukho inzuzo yentela ukwenza njalo) kwaye iibhondi zenza iintlawulo zenzalo rhoqo rhoqo ngaphambi kokuhlawula isixa-mali esinqununu (ngaphandle kweebhondi zeconponsi). Umbuzo kubalimi-mali: Nguyiphi indlela enokukhetha ngayo ngexesha leendawo eziphantsi kwezinga lokungena kwekhaya?
Ukutshala imali kwi-Global Real Estate
Utyalo-mali lwamazwe omhlaba wonke onokuthi unikezele ukubuyiswa kweengozi ezilungelelaniswe nobungozi ngokuthelekiswa nokukhethwa kwekhaya ngexesha lokunyuka kwezinga lentlalo
Umzekelo, i-SPDR Dow Jones ye-Global Real Estate ETF (RWO) yanikezela i-3.5% yemveliso kunye nomlinganiselo we-23.58x we-price-earnings ngoNovemba 2017 ngokumalunga ne-3.7 yepesenti kunye ne-36.35x yexabiso lentengo ye-SPDR ye-Estate Estate ETF (XLRE). ). Oku kuthetha ukuba abatyali-mali babefumana i-0.2 ekhulwini xa kuthengiswa ukuhlawula ngaphezulu kwe-12x kwi-price-earnings basis-nangona ixabiso-kwi-FFO linokulinganiswa ngakumbi.
Utyalo-mali lwamazwe omhlaba wonke luzuzisa kwiindawo ezahlukahlukeneyo kunezo-mali ezithengiswayo kuphela. Ngokomzekelo, i-SPDR Dow Jones Global Real Estate ETF (RWO) ine-60% ye-Exposure e-United States kunye nentsalela eyahlula kwezinye iimarike zehlabathi. Utshintsho olubi kwiimeko zorhwebo eMelika aziyi kuba nempembelelo eninzi kule mali njengemali e-US kuphela.
Ukutshala imali kwiiBond
Izibophelelo zoMongami zinokubangela enye into ekhangayo kwiindawo ezincinci ezithembekileyo zasekhaya ngexesha leemeko eziphantsi.
Ngokomzekelo, iShares JPMorgan Market Bond Market Bond ETF (EMB) inikeze isivuno semali ye-4.53 xa kuthelekiswa ne-iShares US Treasury Bond ye-ETF ye-ETF (i-GOVT) eyi-1,68 yepesenti ekupheleni kwe-2017.
Izibopheko zeemarike eziphakamileyo zingaba ziingozi kakhulu kunamabhondi karhulumente wase-US, kodwa iipotifoliyo ezahlukahlukeneyo zengxowa-mali yokuthengiselana inceda ukunciphisa loo mingcipheko. Iibhondi zikaRhulumente zihlala zikhuselekileyo kunezibophelelo zenkampani.
Izibophelelo zikaMongami zinokunceda xa iqondo lomhlaba elinconywayo liphantsi. Emva kwayo yonke into, iinkampani ezininzi kwiimarike ezikhulayo zikhupha i-dollar yase-US ehlawulwa, itya kuba yinto ephantsi xa amaxabiso ehla kunye ne-dollar yase-United States ihla Ukuphazamiseka kukuba i-dollar engabuthakathaka yase-US inokulimaza uqoqosho oluxhomekeke kumazwe angaphandle olukhuphisana nabenzi be-US kwimarike yehlabathi.
Iingozi ezibalulekileyo zokuqwalasela
Kukho iziganeko ezinobungozi ezibalulekileyo zokuqwalasela xa utyalo-mali kwihlabathi langaphandle okanye kwiibhondi ezilawulayo, kuquka:
- Umngcipheko we-Geopolitical : Utyalo-mali lwamazwe ngamazwe lunokuba nenqanaba eliphezulu lomngcipheko we-geopolitical, ingakumbi xa utyalo-mali lugxininise kwingingqi engaqinisekanga.
- Umngcipheko wemali : Abatyalo-mali kufuneka baqwalasele impembelelo yokuguqulwa kwemali yeenzuzo zangaphandle ukuya kwiidola zase-US xa utyalo-mali kwiimpahla zangaphandle.
- Umngcipheko woMngcipheko weNzala : iibhonki kunye neendawo eziphathekayo zithintela kakhulu utshintsho kwizinga lentengo kunamanye amafa, okwenza ukuba inzala ibe yinto ebalulekileyo yokuqwalasela.
- Umngcipheko woMngcipheko : Izibopheko zeemarike eziphumayo zingazinzi ngaphantsi kunezibophelelo eziphuhlisiweyo kwaye kukho iziganeko ezininzi zokungafezeki kwexesha.