{"id":126975,"date":"2022-08-26T14:44:07","date_gmt":"2022-08-26T06:44:07","guid":{"rendered":"https:\/\/\/?p=126975"},"modified":"2022-08-26T15:26:40","modified_gmt":"2022-08-26T07:26:40","slug":"%e5%a4%8f%e6%99%ae%e6%af%94%e7%8e%87","status":"publish","type":"post","link":"https:\/\/\/%e5%a4%8f%e6%99%ae%e6%af%94%e7%8e%87\/","title":{"rendered":"\u590f\u666e\u6bd4\u7387\u8981\u600e\u9ebc\u770b\uff1f\u4e86\u89e3\u590f\u666e\u6bd4\u7387\u9019 3 \u500b\u8981\u9ede\u8b93\u4f60\u80fd\u66f4\u5feb\u901f\u8a55\u4f30\u98a8\u96aa\u8207\u5831\u916c"},"content":{"rendered":"\n

\u5728\u672c\u6587\u4e2d\u5c07\u6703\u544a\u8a34\u4f60\u4ec0\u9ebc\u662f\u590f\u666e\u6bd4\u7387\uff0c\u518d\u6559\u4f60\u5982\u4f55\u8a08\u7b97\uff0c\u4e26\u4e14\u7528\u590f\u666e\u6bd4\u7387\u4f86\u8a55\u4f30\u6a19\u7684\u597d\u58de\uff0c\u8b93\u4f60\u77e5\u9053\u590f\u666e\u6bd4\u7387\u7684\u9650\u5236\uff0c\u907f\u514d\u8aa4\u7528\uff01<\/p>\n\n\n\n

\u8981\u5982\u4f55\u53bb\u6bd4\u8f03\u5169\u500b\u4e0d\u540c\u5546\u54c1\u54ea\u500b\u6bd4\u8f03\u597d\u5462\uff1f<\/p>\n\n\n\n

\u662f\u8981\u7528\u50f9\u683c\u7684\u9ad8\u4f4e\u53bb\u505a\u5224\u65b7\u9084\u662f\u7528\u5831\u916c\u7387\u505a\u6bd4\u8f03\u5462\uff1f<\/p>\n\n\n\n

\u6295\u8cc7\u4eba\u5e38\u5e38\u6703\u6bd4\u8f03\u4e0d\u540c\u7684\u6295\u8cc7\u6a19\u7684\uff0c\u4f46\u4f3c\u4e4e\u90fd\u4e0d\u662f\u7528\u6b63\u78ba\u7684\u65b9\u5f0f\u5728\u505a\u6bd4\u8f03\uff0c\u5e38\u5e38\u6703\u628a\u4e00\u6bb5\u6642\u9593\u7684\u5831\u916c\u7387\u62ff\u4f86\u7576\u4f5c\u8861\u91cf\u7684\u57fa\u6e96\u3002<\/p>\n\n\n\n

\u4f46\u9019\u6a23\u7684\u6bd4\u8f03\u65b9\u5f0f\uff0c\u5f80\u5f80\u5ffd\u7565\u5230\u98a8\u96aa\u7684\u8003\u91cf\uff0c\u6240\u4ee5\u300c\u590f\u666e\u6bd4\u7387\u300d\u5c31\u53ef\u4ee5\u5f4c\u88dc\u6295\u8cc7\u4eba\u5728\u6bd4\u8f03\u6642\uff0c\u7f3a\u4e4f\u98a8\u96aa\u610f\u8b58\u7684\u90e8\u5206\u3002<\/p>\n\n\n\n

\u300c\u590f\u666e\u6bd4\u7387\u300d\u662f\u5831\u916c\u8207\u98a8\u96aa\u7684\u6bd4\u503c\uff0c\u53ef\u4ee5\u7ad9\u5728\u98a8\u96aa\u7684\u89d2\u5ea6\u53bb\u8861\u91cf\u5831\u916c\uff0c\u5c0d\u65bc\u60f3\u8981\u6bd4\u8f03\u4e0d\u540c\u5546\u54c1\u7684\u6295\u8cc7\u4eba\u4f86\u8aaa\uff0c\u662f\u66f4\u52a0\u516c\u5141\u7684\u9078\u64c7\u3002<\/p>\n\n\n\n

\u590f\u666e\u6bd4\u7387\u8981\u9ede\u4e00\u3001\u4ec0\u9ebc\u662f\u590f\u666e\u6bd4\u7387<\/strong><\/h2>\n\n\n\n

<\/p>\n\n\n\n

\"\u590f\u666e\u6bd4\u7387\"
<\/figcaption><\/figure>\n\n\n\n

<\/p>\n\n\n\n

\u590f\u666e\u6bd4\u7387\u5c31\u662f\u5728\u8861\u91cf\u6295\u8cc7\u7d44\u5408\u5728 1% \u7684\u98a8\u96aa\u4e0b\uff0c\u80fd\u5f97\u5230\u591a\u5c11\u5831\u916c\u7684\u6bd4\u7387\uff0c\u5047\u8a2d\u6709\u500b\u6295\u8cc7\u7d44\u5408\u7684\u590f\u666e\u6bd4\u7387\u662f 0.4 \uff0c\u5c31\u4ee3\u8868\u5b83\u5728\u627f\u53d7 1% \u7684\u903c\u52d5\u4e4b\u4e0b\uff0c\u9577\u671f\u53ef\u4ee5\u7372\u5f97 0.4% \u7684\u5831\u916c\u3002<\/p>\n\n\n\n

\u590f\u666e\u6bd4\u7387\u7684\u8a08\u7b97\u516c\u5f0f = \uff08\u5831\u916c\u7387 – \u7121\u98a8\u96aa\u5229\u7387\uff09\u518d\u9664\u4ee5\u6a19\u6e96\u5dee\uff0c\u6240\u4ee5\u590f\u666e\u6bd4\u7387\u8d8a\u9ad8\uff0c\u5c31\u4ee3\u8868\u5728\u4e00\u5b9a\u7a0b\u5ea6\u98a8\u96aa\u5167\u7684\u5831\u916c\u8d8a\u9ad8\uff0c\u5982\u679c\u628a\u5169\u500b\u6a19\u7684\u7528\u5831\u916c\u7387\u4f86\u6bd4\u8f03\u662f\u4e0d\u592a\u5408\u5b9c\u7684\uff0c\u904b\u7528\u590f\u666e\u6bd4\u7387\uff0c\u6211\u5011\u5c31\u53ef\u4ee5\u5f9e\u98a8\u96aa\u7684\u89d2\u5ea6\u53bb\u8861\u91cf\u5831\u916c\u3002<\/p>\n\n\n\n

\u63a8\u85a6\u95b1\u8b80\uff1a\u4e0d\u77e5\u9053\u600e\u9ebc\u7b97\u6295\u8cc7\u5831\u916c\u7387\uff1f\u4e86\u89e3\u5831\u916c\u7387\u7684 3 \u7a2e\u8a08\u7b97\u65b9\u5f0f\uff0c\u8b93\u4f60\u66f4\u597d\u8a55\u4f30\u6295\u8cc7\u7e3e\u6548\uff01<\/a><\/p>\n\n\n\n

\u590f\u666e\u6bd4\u7387\u8981\u9ede\u4e8c\u3001\u590f\u666e\u6bd4\u7387\u7684\u9650\u5236<\/strong><\/h2>\n\n\n\n

<\/p>\n\n\n\n

\u590f\u666e\u6bd4\u7387\u4e2d\u5831\u916c\u7387\u662f\u5229\u7528\u6a19\u7684\u50f9\u683c\u4f86\u63a8\u7b97\uff0c\u9019\u8b93\u590f\u666e\u6bd4\u7387\u7684\u63a8\u5c0e\u6982\u5ff5\u63a5\u8fd1\u6280\u8853\u5206\u6790<\/a>\uff0c\u6240\u4ee5\u7576\u590f\u666e\u6bd4\u7387\u5728\u8a08\u7b97\u7684\u904e\u7a0b\u4e2d\uff0c\u5e38\u5e38\u6703\u6709\u8d77\u4f0f\u904e\u5927\u7684\u72c0\u6cc1\uff0c\u5c31\u6703\u8b93\u590f\u666e\u6bd4\u7387\u8f03\u5931\u771f\u3002<\/p>\n\n\n\n

\u53cd\u4e4b\uff0c\u7576\u590f\u666e\u6bd4\u7387\u5728\u591a\u6b21\u8a08\u7b97\u7684\u904e\u7a0b\u4e2d\uff0c\u5747\u80fd\u7dad\u6301\u5e38\u614b\u7684\u6578\u503c\uff0c\u9019\u500b\u6642\u5019\u7684\u590f\u666e\u6bd4\u7387\u5c31\u6709\u8f03\u9ad8\u7684\u53c3\u8003\u6027\u3002<\/p>\n\n\n\n

\u9084\u6709\u4e00\u9ede\u6295\u8cc7\u4eba\u8981\u7279\u5225\u6ce8\u610f\uff0c\u5c31\u662f\u904e\u53bb\u7684\u7e3e\u6548\u4e0d\u4ee3\u8868\u672a\u4f86\u7684\u7e3e\u6548\uff0c\u96d6\u7136\u6709\u590f\u666e\u6bd4\u7387\u53ef\u4f9b\u53c3\u8003\uff0c\u4f46\u6295\u8cc7\u4eba\u4e5f\u4e0d\u61c9\u8a72\u904e\u5ea6\u4f9d\u8cf4\u590f\u666e\u6bd4\u7387\u7684\u6578\u503c\u3002<\/p>\n\n\n\n

\u63a8\u85a6\u95b1\u8b80\uff1a\u89e3\u679015\u7a2e\u6280\u8853\u5206\u6790\u5de5\u5177\uff01\u5f9e\u539f\u7406\u958b\u59cb\u5b78\u6703\uff0c\u8b93\u4f60\u6295\u8cc7\u7121\u5f80\u4e0d\u5229\uff01<\/a><\/p>\n\n\n\n

\u590f\u666e\u6bd4\u7387\u8981\u9ede\u4e09\u3001\u985e\u4f3c\u590f\u666e\u6bd4\u7387\u7684\u6307\u6a19<\/strong><\/h2>\n\n\n\n

<\/p>\n\n\n\n

\u5e02\u5834\u4e0a\u4e5f\u6709\u4e00\u4e9b\u985e\u4f3c\u590f\u666e\u6bd4\u7387\u7684\u6307\u6a19\u53ef\u4ee5\u505a\u53c3\u8003\uff0c \u4f8b\u5982\u6a19\u6e96\u5dee\u53ca Beta \u503c\uff1a<\/p>\n\n\n\n

1. \u6a19\u6e96\u5dee\uff1a<\/h3>\n\n\n\n

\u6a19\u6e96\u5dee\u662f\u7528\u4f86\u8861\u91cf\u904e\u53bb\u4e00\u6bb5\u6642\u9593\u5167\u7684\u50f9\u683c\u6ce2\u52d5\u5927\u5c0f\uff0c\u7576\u50f9\u683c\u6ce2\u52d5\u8d8a\u5927\uff0c\u5247\u4ee3\u8868\u884c\u60c5\u8d70\u52e2\u7684\u4e0d\u78ba\u5b9a\u6027\u8d8a\u9ad8\uff0c\u6703\u4f7f\u5f97\u6295\u8cc7\u7684\u6f5b\u5728\u98a8\u96aa\u63d0\u5347\u3002<\/p>\n\n\n\n

2. Beta \u503c\uff1a<\/h3>\n\n\n\n

 Beta \u503c<\/a>\u5247\u4ee3\u8868\u6a19\u7684\u76f8\u5c0d\u65bc\u6307\u6578\u7684\u6ce2\u52d5\u5e45\u5ea6\uff0c\u5982\u679c Beta \u503c\u70ba 1 \uff0c\u5c31\u5927\u8868\u5927\u76e4\u6f32\u591a\u5c11\uff0c\u6a19\u7684\u5c31\u6f32\u591a\u5c11\uff0c\u5982\u679c Beta \u503c\u70ba 2 \uff0c\u5c31\u4ee3\u8868\u5927\u76e4\u6f32 1% \uff0c\u6a19\u7684\u6703\u6f32 2% \uff0c\u5982\u679c   Beta \u503c\u8da8\u8fd1\u65bc 1 \uff0c\u5c31\u4ee3\u8868\u9019\u500b\u6a19\u7684\u8f03\u5c11\u6709\u8d85\u984d\u5831\u916c\u3002<\/p>\n\n\n\n

\u63a8\u85a6\u95b1\u8b80\uff1a\u4ec0\u9ebc\u662f\u96b1\u542b\u6ce2\u52d5\u7387\uff1f \u638c\u63e1 3 \u5927\u91cd\u9ede\uff0c\u6709\u6548\u5206\u6790\u50f9\u683c\u6ce2\u52d5\u7684\u53ef\u80fd\u6027<\/a><\/p>\n\n\n\n

\"\u590f\u666e\u6bd4\u7387\n\"
<\/figcaption><\/figure>\n\n\n\n

\u7d50\u8a9e\uff1a\u904b\u7528\u6b63\u78ba\u7684\u6307\u6a19\uff0c\u589e\u52a0\u98a8\u96aa\u8a55\u4f30\u6e96\u78ba\u6027<\/strong><\/h2>\n\n\n\n

\u6211\u5011\u5b78\u6703\u5982\u4f55\u7528 Beta \u503c\u3001\u590f\u666e\u6bd4\u7387\u53ca\u6a19\u6e96\u5dee\u9019\u4e9b\u6307\u6a19\u4f86\u8a55\u50f9\u6a19\u7684\u5f8c\uff0c\u5c31\u61c9\u8a72\u591a\u904b\u7528\u9019\u4e9b\u6307\u6a19\u4f86\u8a55\u4f30\u6211\u5011\u4ea4\u6613\u7684\u98a8\u96aa\uff0c\u907f\u514d\u7528\u904e\u5ea6\u7c21\u5316\u7684\u65b9\u5f0f\u4f86\u8861\u91cf\u98a8\u96aa\u8207\u5831\u916c\u3002<\/p>\n\n\n\n

\u5e02\u5834\u4e2d\u9577\u671f\u7372\u5229\u7684\u4eba\u5e38\u662f\u8003\u91cf\u8f03\u591a\u7684\u4eba\uff0c\u7576\u8a55\u4f30\u7684\u9762\u5411\u8d8a\u5468\u5ef6\uff0c\u6211\u5011\u5728\u5e02\u5834\u7372\u5229\u7684\u6a5f\u6703\u4e5f\u5c31\u8d8a\u9ad8\uff0c\u751f\u5b58\u7684\u6642\u9593\u4e5f\u6703\u6bd4\u5b8c\u5168\u4e0d\u505a\u98a8\u96aa\u8a55\u4f30\u7684\u4eba\u4f86\u5f97\u4e45\uff01<\/p>\n\n\n\n

<\/div>\n\n\n\n

\u76f8\u95dc\u65b0\u805e\u6458\u9304\uff1a<\/strong><\/p>\n\n\n\n

\u65e9\u671f\u7684\u5b78\u8005\u52aa\u529b\u5275\u9020\u4e86\u4e00\u500b\u7c21\u55ae\u3001\u4ee5\u98a8\u96aa\u70ba\u57fa\u790e\u7684\u6a21\u578b\uff0c\u4f86\u8a55\u4f30\u7d93\u7406\u4eba\u7684\u7e3e\u6548\uff0c\u4ee5\u4fbf\u66f4\u5bb9\u6613\u8b58\u5225\u4ed6\u5011\u7684\u6280\u8853\u3002\u9019\u4e9b\u52aa\u529b\u5f15\u5c0e\u51fa\u5e7e\u500b\u6a21\u578b\uff0c\u5305\u62ec\uff1a\u8cc7\u672c\u8cc7\u7522\u5b9a\u50f9\u6a21\u578b\u3001\u590f\u666e\u6bd4\u7387\u3001\u7279\u96f7\u8afe\u6bd4\u7387\u4ee5\u53ca\u8a79\u68ee \u03b1 \u6307\u6a19\uff0c\u5b83\u5011\u90fd\u6210\u70ba\u4eca\u65e5\u5f9e\u4e8b\u5206\u6790\u6642\u7684\u57fa\u790e\u3002<\/p>\n\n\n\n

\u590f\u666e\u3001\u7279\u96f7\u8afe\u8207\u8a79\u68ee\u4ee5\u98a8\u96aa\u70ba\u57fa\u790e\u7684\u516c\u5f0f\uff0c\u4e0d\u6703\u56e0\u70ba\u7d93\u7406\u4eba\u627f\u64d4\u8f03\u591a\u5e02\u5834\u98a8\u96aa\u800c\u6230\u52dd\u5e02\u5834\u6642\uff0c\u5c31\u56e0\u6b64\u8868\u63da\u4ed6\u5011\uff1b\u4e5f\u4e0d\u6703\u56e0\u70ba\u6295\u8cc7\u7d44\u5408\u7684\u98a8\u96aa\u5c0f\u65bc\u5e02\u5834\u98a8\u96aa\uff0c\u5c31\u8cac\u602a\u7d93\u7406\u4eba\u7684\u7e3e\u6548\u4e0d\u4f73\u3002<\/p>\n\n\n\n

-\u51fa\u81ea \u98a8\u50b3\u5a92 \u70ba\u4f55\u57fa\u91d1\u7e3e\u6548\u8f38ETF\uff1f\u5c08\u5bb6\u7b97\u7d66\u4f60\u770b\uff1a\u8d85\u984d\u5831\u916c\u7684\u6a5f\u6703\u5c31\u53ea\u67095%\uff0c\u4e0d\u7ba1\u591a\u6703\u64cd\u76e4<\/a><\/p>\n\n\n\n

<\/div>\n\n\n\n

\u53c3\u8003\u8cc7\u6599<\/strong><\/p>\n\n\n\n