HSBC China Wealth Insights: A Conversation with PIMCO's Global Chief Investment Officer: How to Seize Investment Opportunities in the K-Shaped Economy and AI Wave? | Wealth Exchange "Hui"
HSBC China Wealth Insights and PIMCO's Global Chief Investment Officer discuss investment opportunities in the context of a K-shaped economy and the AI wave. Despite the resilience of the global economy under tariff pressures in 2025, the short-term growth outlook remains optimistic, but performance differences among various companies and regions are significant. Investors should be cautious, focusing on the potential yields of high-quality fixed-income assets and pursuing global diversification. This article does not constitute personal investment advice, and investment should be approached with caution
The global economy has successfully withstood the pressure from tariffs in 2025. Looking ahead to 2026, driven by increased investment in AI (artificial intelligence) and productivity improvements, the short-term growth outlook remains resilient overall. However, there are still significant differences in performance among different companies, sectors, and regions, with a pronounced "K-shaped" divergence.
After a strong market performance in 2025, current stock market valuations are relatively high, and credit spreads have narrowed. In such an environment, investors need to be more cautious and focus on bottom-up portfolio construction. High-quality fixed-income assets can still provide attractive potential yield levels and offer investors opportunities for global diversification.
In this issue of Wealth Exchange "Hui," we are fortunate to invite:
To explore economic trends and investment insights from multiple dimensions and engage in in-depth dialogue.
The above exciting content comes from HSBC China Wealth Insights. For more content, click on [HSBC China Wealth Insights Column].
Source: PIMCO, January 2026.
The views expressed by the invited guests represent their personal (or affiliated institution's) opinions and do not represent any views of HSBC, nor should they be considered as HSBC's opinions or advice. Investment involves risks, and caution is advised.
Risk Warning and Disclaimer
Markets carry risks, and investment requires caution. This article does not constitute personal investment advice and does not take into account the specific investment objectives, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investment based on this is at your own risk
