[Global asset management institutions look forward to the fourth quarter: Long-term U.S. bond yields and oil prices are key variables] September 29th: With long-term U.S. bond interest rates rising, oil prices disrupting inflation expectations, and geopolitical uncertainties recurring, the global capital market is ushering in the fourth quarter allocation window. Recently, global asset management institutions such as BlackRock, Invesco, HSBC, and Societe Generale have intensively released investment strategies for the fourth quarter. Relevant agencies believe that the current global asset allocation of major categories is entering a new round of adjustment: AI is still the core investment main line throughout the year, but the investment logic is switching from "pan-AI" to "bottleneck assets" such as chips and data centers; oil price fluctuations have increasingly become a key variable affecting U.S. inflation and Federal Reserve policy; at the same time, gold's safe-haven and anti-inflation properties have fully returned, and there is still room for upward price growth in the future. (Shanghai Securities News)