2016年下半年资产配置策略展望

进入下半年，全球经济形势、各国货币和财政政策又将有新的变化，这也将带来新的资产配置机会。从汇率走势看，由于美国经济仍处于复苏周期，中国经济增速处于下行区间有待货币政策的适度宽松，下半年，人民币易贬难升，美元仍会维持强势。在此环境下，文章继而分析了下半年债市、黄金、大宗商品、房地产及股市等多类资产的市场前景。

With new changes in global economic situation and monetary and fiscal policies of various countries in the second half of the year, new opportunities for asset allocation have come up. In view of the exchange rate trend, the US economy is under recovery, while China＇s economic growth shows a downward trend and needs a moderately loose monetary policy. In the latter half of the year, the RMB will tend to devaluate rather than number of assets ncluding bonds, gold, commodities, real estate and stock market