On January 16, Global X announced its investment outlook for 2024. Zhang Ziming, the manager of Global X ETF investment scheme, stated that the economic growth of several major international economies is expected to slow down this year, with the US growth decreasing from 2.1% last year to 1.5%, Japan from 2% to 1%, and with elections in different regions this year, global economic volatility will be higher than last year. Zhang Ziming mentioned that the futures market anticipates the US will cut interest rates six times this year, and rate cuts are imperative given that the Federal Reserve has accepted that inflation rates in 2024 and 2025 will still be higher than its 2% target. Data shows that bond returns are highest before interest rate cuts, so there is no need to wait for actual rate cuts before entering the market. Two ETFs listed by Global X in Hong Kong, including Asian dollar bonds and Asian semiconductor bonds, have seen capital inflows. The former has been listed in Hong Kong for about 3 months, with an investment size of USD 20 million, while the latter has a size of USD 10 million. In terms of the stock market, Zhang Ziming is optimistic about defensive and high dividend stocks in the Hong Kong A-share market, and sees potential in Japanese companies with business operations and export growth globally. The potential decline of the US dollar is expected to benefit emerging markets, such as India. Global X investment analyst Chen Zihong pointed out that AI companies rely on high computing power to train large models, driving the development of the semiconductor industry. It is expected that equipment manufacturing companies will introduce AI into computers and phones, boosting sales of electronic products.