2021/0218
BlackRock專注於白銀, 拋售超過4.7億美元的黃金
BlackRock sells more than $470 million worth of gold as it focuses on silver
BlackRock專注於白銀, 拋售超過4.7億美元的黃金
Anna Golubova
Tuesday February 16, 2021 12:56
The world's biggest asset manager BlackRock is getting out of gold and buying into silver as it sold 2.7 million of its SPDR Gold Shares (GLD) and bought 1.18 million shares of iShares Silver Trust (SLV) in the fourth quarter of 2020.
2020年第四季度，全球最大的資產管理公司貝萊德（BlackRock）擺脫了黃金市場併購入白銀，因為該公司出售了270萬股SPDR黃金股份（GLD），併購買了118萬股iShares Silver Trust（SLV）股票。
In terms of the dollar value, BlackRock sold $471 million worth of GLD, the largest gold-backed ETF on the market, and bought $29 million worth of SLV, the largest silver ETF.
以美元價值計算，貝萊德出售了價值4.71億美元的GLD（市場上最大的黃金支持ETF），併購買了價值2900萬美元的SLV（最大的白銀ETF）。
As of December 31, 2020, Blackrock owned just 4.68 million of GLD shares worth $835 million compared to the previous holding of 7.37 million worth $1.3 billion. Blackrock's SLV ownership is now at 1.2 million, with a total value of $29.6 million.
截至2020年12月31日，黑石集團僅持有468萬股GLD股票，價值8.35億美元，而之前持有的737萬股價值13億美元。 Blackrock的SLV所有權現在為120萬，總價值為2960萬美元。
However, keep in mind that the $29 million investment into silver is still relatively moderate compared to BlackRock's gold holdings.
但是，請記住，與貝萊德持有的黃金相比，對白銀的2900萬美元投資仍然相對溫和。
The above data come from BlackRock's mandatory Securities and Exchange Commission's (SEC) 13F filing. All institutional investment managers with at least $100 million in assets under management are required to disclose their equity holdings every quarter.
以上數據來自貝萊德的強制性證券交易委員會（SEC）13F備案。所有資產管理規模至少為1億美元的機構投資經理都必須在每個季度披露其所持股票。
It is also important to note that BlackRock owns iShares, which is the world’s largest exchange-traded fund provider.
同樣重要的是，貝萊德（BlackRock）擁有全球最大的交易所買賣基金提供商iShares。
BlackRock's latest take on precious metals was published in October when the firm highlighted that the gold market has transformed into a hedge against falling interest rates.
貝萊德（BlackRock）在10月份發表了有關貴金屬的最新報導，當時該公司強調指出，黃金市場已轉變為對沖利率下降的避險工具。
"This shift in correlations is not unusual for gold. In different economic environments, gold can behave very differently. One explanation for the recent change is that both gold and equities are increasingly reacting to a common factor: Federal Reserve policy," BlackRock's Global Allocation Fund portfolio manager Russ Koesterich said. "Gold performs best when real rates are negative and the opportunity cost in lost income is low. And as the Fed has repeatedly emphasized, this is likely to be exactly the environment we're in for some time to come. All of which suggests that investors should hold, for now, add on weakness and, most importantly, look for other hedges to help mitigate equity risk."
“對黃金而言，這種相關性變化並不罕見。在不同的經濟環境中，黃金的行為可能會大不相同。最近發生的變化的一種解釋是，黃金和股票都對一種共同因素做出了越來越多的反應：美聯儲的政策，”貝萊德全球分配基金投資組合經理Russ Koesterich說。 “當實際利率為負且收入損失的機會成本較低時，黃金表現最佳。正如美聯儲一再強調的那樣，這很可能正是我們未來一段時間所處的環境。所有這些都表明，投資者應該暫時保持弱勢，最重要的是，尋求其他套期保值以減輕股票風險。”
By Anna Golubova
引用來源: Kitco News
Shiny黃金白銀交易所
BlackRock專注於白銀, 拋售超過4.7億美元的黃金
Anna Golubova
Tuesday February 16, 2021 12:56
The world's biggest asset manager BlackRock is getting out of gold and buying into silver as it sold 2.7 million of its SPDR Gold Shares (GLD) and bought 1.18 million shares of iShares Silver Trust (SLV) in the fourth quarter of 2020.
2020年第四季度，全球最大的資產管理公司貝萊德（BlackRock）擺脫了黃金市場併購入白銀，因為該公司出售了270萬股SPDR黃金股份（GLD），併購買了118萬股iShares Silver Trust（SLV）股票。
In terms of the dollar value, BlackRock sold $471 million worth of GLD, the largest gold-backed ETF on the market, and bought $29 million worth of SLV, the largest silver ETF.
以美元價值計算，貝萊德出售了價值4.71億美元的GLD（市場上最大的黃金支持ETF），併購買了價值2900萬美元的SLV（最大的白銀ETF）。
As of December 31, 2020, Blackrock owned just 4.68 million of GLD shares worth $835 million compared to the previous holding of 7.37 million worth $1.3 billion. Blackrock's SLV ownership is now at 1.2 million, with a total value of $29.6 million.
截至2020年12月31日，黑石集團僅持有468萬股GLD股票，價值8.35億美元，而之前持有的737萬股價值13億美元。 Blackrock的SLV所有權現在為120萬，總價值為2960萬美元。
However, keep in mind that the $29 million investment into silver is still relatively moderate compared to BlackRock's gold holdings.
但是，請記住，與貝萊德持有的黃金相比，對白銀的2900萬美元投資仍然相對溫和。
The above data come from BlackRock's mandatory Securities and Exchange Commission's (SEC) 13F filing. All institutional investment managers with at least $100 million in assets under management are required to disclose their equity holdings every quarter.
以上數據來自貝萊德的強制性證券交易委員會（SEC）13F備案。所有資產管理規模至少為1億美元的機構投資經理都必須在每個季度披露其所持股票。
It is also important to note that BlackRock owns iShares, which is the world’s largest exchange-traded fund provider.
同樣重要的是，貝萊德（BlackRock）擁有全球最大的交易所買賣基金提供商iShares。
BlackRock's latest take on precious metals was published in October when the firm highlighted that the gold market has transformed into a hedge against falling interest rates.
貝萊德（BlackRock）在10月份發表了有關貴金屬的最新報導，當時該公司強調指出，黃金市場已轉變為對沖利率下降的避險工具。
"This shift in correlations is not unusual for gold. In different economic environments, gold can behave very differently. One explanation for the recent change is that both gold and equities are increasingly reacting to a common factor: Federal Reserve policy," BlackRock's Global Allocation Fund portfolio manager Russ Koesterich said. "Gold performs best when real rates are negative and the opportunity cost in lost income is low. And as the Fed has repeatedly emphasized, this is likely to be exactly the environment we're in for some time to come. All of which suggests that investors should hold, for now, add on weakness and, most importantly, look for other hedges to help mitigate equity risk."
“對黃金而言，這種相關性變化並不罕見。在不同的經濟環境中，黃金的行為可能會大不相同。最近發生的變化的一種解釋是，黃金和股票都對一種共同因素做出了越來越多的反應：美聯儲的政策，”貝萊德全球分配基金投資組合經理Russ Koesterich說。 “當實際利率為負且收入損失的機會成本較低時，黃金表現最佳。正如美聯儲一再強調的那樣，這很可能正是我們未來一段時間所處的環境。所有這些都表明，投資者應該暫時保持弱勢，最重要的是，尋求其他套期保值以減輕股票風險。”
By Anna Golubova
引用來源: Kitco News
Shiny黃金白銀交易所
