An asset investors buy when they are worried, because its price is expected to hold up or rise in a crisis.
避险资产
| Move变动 | Where it appeared出现位置 | What it means这句话在说什么 |
|---|---|---|
| — | The Bond King Says Don't Own Bonds. Look at Who Bought Them Instead. 避险资产 · 第 5 张术语卡 | The essay argues that leveraged ownership weakens this role, because funds may have to sell when scared. 避险属性不是资产的物理属性，而是持有者结构的产物。当持有者是需要每日盯市的杠杆基金，它在危机中的行为就会与「避风港」相反。 |