ÄÏ·½ÖÐÖ¤500½»Ò×ÐÍ¿ª·ÅʽָÊý֤ȯͶ×Ê
»ù½ðÁª½Ó»ù½ð£¨LOF£©»ù½ðºÏͬ
»ù½ð¹ÜÀíÈË£ºÄÏ·½»ù½ð¹ÜÀí¹É·ÝÓÐÏÞ¹«Ë¾
»ù½ðÍйÜÈË£ºÖйúÅ©ÒµÒøÐйɷÝÓÐÏÞ¹«Ë¾
2021Äê3ÔÂ
Ŀ¼
1¡¢Ç°ÑÔ ................................................................................................................................................ 1
2¡¢ ÊÍÒå ............................................................................................................................................... 3
3¡¢ »ù½ðµÄ»ù±¾Çé¿ö ........................................................................................................................... 8
4¡¢ »ù½ð·Ý¶îµÄ·¢ÊÛÓëÈϹº ............................................................................................................. 11
5¡¢ »ù½ð±¸°¸ ..................................................................................................................................... 13
6¡¢ »ù½ð·Ý¶îµÄÉÏÊн»Ò× ................................................................................................................. 14
7¡¢ »ù½ð·Ý¶îµÄÉ깺ÓëÊê»Ø ............................................................................................................. 16
8¡¢ »ù½ðµÄתÍйܡ¢·Ç½»Ò×¹ý»§¡¢¶³½áÓëÖÊѺµÈÒµÎñ .................................................................. 23
9¡¢ »ù½ðºÏͬµ±ÊÂÈ˼°È¨ÀûÒåÎñ ..................................................................................................... 24
10¡¢»ù½ð·Ý¶î³ÖÓÐÈË´ó»á ................................................................................................................ 30
11¡¢»ù½ð¹ÜÀíÈË¡¢»ù½ðÍйÜÈ˵ĸü»»Ìõ¼þºÍ³ÌÐò ........................................................................ 38
12¡¢ »ù½ðµÄÍÐ¹Ü .............................................................................................................................. 40
13¡¢ »ù½ð·Ý¶îµÄ×¢²áµÇ¼Ç .............................................................................................................. 41
14¡¢»ù½ðµÄͶ×Ê ................................................................................................................................ 43
15¡¢ »ù½ðµÄ²Æ²ú .............................................................................................................................. 50
16¡¢ »ù½ð×ʲúµÄ¹ÀÖµ ...................................................................................................................... 51
17¡¢ »ù½ðµÄ·ÑÓÃÓëË°ÊÕ .................................................................................................................. 57
18¡¢ »ù½ðµÄÊÕÒæÓë·ÖÅä .................................................................................................................. 60
19¡¢ »ù½ðµÄ»á¼ÆºÍÉó¼Æ .................................................................................................................. 62
20¡¢ »ù½ðµÄÐÅÏ¢Åû¶ ...................................................................................................................... 63
21¡¢ »ù½ðºÏͬµÄ±ä¸ü¡¢ÖÕÖ¹Óë»ù½ð²Æ²úµÄÇåËã .......................................................................... 69
22¡¢ Î¥Ô¼ÔðÈÎ .................................................................................................................................. 72
23¡¢ ÕùÒéµÄ´¦Àí .............................................................................................................................. 73
24¡¢ »ù½ðºÏͬµÄЧÁ¦ ...................................................................................................................... 74
25¡¢ ÆäËûÊÂÏî .................................................................................................................................. 75
26¡¢»ù½ðºÏͬժҪ ............................................................................................................................ 76
1¡¢Ç°ÑÔ
(Ò»)¶©Á¢±¾»ù½ðºÏͬµÄÄ¿µÄ¡¢ÒÀ¾ÝºÍÔÔò
1¡¢¶©Á¢±¾»ù½ðºÏͬµÄÄ¿µÄÊDZ£»¤»ù½ðͶ×ÊÕߺϷ¨È¨Ò棬Ã÷È·»ù½ðºÏͬµ±ÊÂÈ˵ÄȨÀûÒå
Îñ£¬¹æ·¶»ù½ðÔË×÷£¬±£ÕÏ»ù½ð²Æ²úµÄ°²È«¡£
2¡¢¶©Á¢±¾»ù½ðºÏͬµÄÒÀ¾ÝÊÇ¡¶ÖлªÈËÃñ¹²ºÍ¹ú֤ȯͶ×Ê»ù½ð·¨¡·(ÒÔϼò³Æ¡°¡¶»ù½ð
·¨¡·¡±)¡¢¡¶ÖлªÈËÃñ¹²ºÍ¹úºÏͬ·¨¡·¡¢¡¶Ö¤È¯Í¶×Ê»ù½ðÔË×÷¹ÜÀí°ì·¨¡·(ÒÔϼò³Æ¡°¡¶ÔË×÷°ì
·¨¡·¡±)¡¢¡¶Ö¤È¯Í¶×Ê»ù½ðÏúÊÛ¹ÜÀí°ì·¨¡·(ÒÔϼò³Æ¡°¡¶ÏúÊÛ°ì·¨¡·¡±)¡¢¡¶¹«¿ªÄ¼¼¯Ö¤È¯Í¶
×Ê»ù½ðÐÅÏ¢Åû¶¹ÜÀí°ì·¨¡·(ÒÔϼò³Æ¡°¡¶ÐÅÏ¢Åû¶°ì·¨¡·¡±)¡¢¡¶¹«¿ªÄ¼¼¯¿ª·Åʽ֤ȯͶ×Ê
»ù½ðÁ÷¶¯ÐÔ·çÏÕ¹ÜÀí¹æ¶¨¡·¡¢¡¶¹«¿ªÄ¼¼¯Ö¤È¯Í¶×Ê»ù½ðÔË×÷Ö¸ÒýµÚ3ºÅ¡ª¡ªÖ¸Êý»ù½ðÖ¸Òý¡·
£¨ÒÔϼò³Æ¡°¡¶Ö¸Êý»ù½ðÖ¸Òý¡·¡±£©ºÍÆäËûÓйط¨ÂÉ·¨¹æ¡£
3¡¢¶©Á¢±¾»ù½ðºÏͬµÄÔÔòÊÇƽµÈ×ÔÔ¸¡¢³ÏʵÐÅÓᢳä·Ö±£»¤»ù½ðͶ×ÊÕߺϷ¨È¨Òæ¡£
(¶þ)»ù½ðºÏͬÊǹ涨»ù½ðºÏͬµ±ÊÂÈËÖ®¼äȨÀûÒåÎñ¹ØϵµÄ»ù±¾·¨ÂÉÎļþ£¬ÆäËûÓë»ù½ðÏà
¹ØµÄÉæ¼°»ù½ðºÏͬµ±ÊÂÈËÖ®¼äȨÀûÒåÎñ¹ØϵµÄÈκÎÎļþ»ò±íÊö£¬ÈçÓë»ù½ðºÏͬÓгåÍ»£¬¾ùÒÔ
»ù½ðºÏͬΪ׼¡£±¾»ù½ðºÏͬµ±ÊÂÈË°üÀ¨»ù½ð¹ÜÀíÈË¡¢»ù½ðÍйÜÈ˺ͻù½ð·Ý¶î³ÖÓÐÈË¡£
»ù½ð¹ÜÀíÈ˺ͻù½ðÍйÜÈË×Ô±¾»ù½ðºÏͬǩ¶©²¢ÉúЧ֮ÈÕÆð³ÉΪ±¾»ù½ðºÏͬµÄµ±ÊÂÈË¡£»ù
½ðͶ×ÊÕß×ÔÒÀ±¾»ù½ðºÏͬȡµÃ»ù½ð·Ý¶î£¬¼´³ÉΪ»ù½ð·Ý¶î³ÖÓÐÈ˺ͱ¾»ù½ðºÏͬµÄµ±ÊÂÈË£¬Æä
³ÖÓлù½ð·Ý¶îµÄÐÐΪ±¾Éí¼´±íÃ÷Æä¶Ô»ù½ðºÏͬµÄ³ÐÈϺͽÓÊÜ¡£±¾»ù½ðºÏͬµÄµ±ÊÂÈË°´ÕÕ¡¶»ù
½ð·¨¡·¡¢»ù½ðºÏͬ¼°ÆäËûÓйع涨ÏíÓÐȨÀû¡¢³Ðµ£ÒåÎñ¡£
(Èý) ±¾»ù½ðÓÉ»ù½ð¹ÜÀíÈËÒÀÕÕ¡¶»ù½ð·¨¡·¡¢»ù½ðºÏͬ¼°ÆäËûÓйع涨ļ¼¯£¬²¢¾ÖйúÖ¤
ȯ¼à¶½¹ÜÀíίԱ»á(ÒÔϼò³Æ¡°ÖйúÖ¤¼à»á¡±)ºË×¼¡£
ÖйúÖ¤¼à»á¶Ô±¾»ù½ðļ¼¯µÄºË×¼£¬²¢²»±íÃ÷Æä¶Ô±¾»ù½ðµÄ¼ÛÖµºÍÊÕÒæ×÷³öʵÖÊÐÔÅжϻò
±£Ö¤£¬Ò²²»±íÃ÷Ͷ×ÊÓÚ±¾»ù½ðûÓзçÏÕ¡£
»ù½ð¹ÜÀíÈËÒÀÕÕ㡾¡Ö°ÊØ£¬³ÏʵÐÅÓᢽ÷É÷ÇÚÃãµÄÔÔò¹ÜÀíºÍÔËÓûù½ð²Æ²ú£¬µ«²»±£Ö¤
Ͷ×ÊÓÚ±¾»ù½ðÒ»¶¨Ó¯Àû£¬Ò²²»±£Ö¤×îµÍÊÕÒæ¡£
(ËÄ)»ù½ð¹ÜÀíÈË¡¢»ù½ðÍйÜÈËÔÚ±¾»ù½ðºÏ֮ͬÍâÅû¶Éæ¼°±¾»ù½ðµÄÐÅÏ¢£¬ÆäÄÚÈÝÉæ¼°½ç
¶¨»ù½ðºÏͬµ±ÊÂÈËÖ®¼äȨÀûÒåÎñ¹ØϵµÄ£¬ÈçÓë»ù½ðºÏͬÓгåÍ»£¬ÒÔ»ù½ðºÏͬΪ׼¡£
»ù½ðºÏͬӦµ±ÊÊÓᶻù½ð·¨¡·¼°ÏàÓ¦·¨ÂÉ·¨¹æÖ®¹æ¶¨£¬ÈôÒò·¨ÂÉ·¨¹æµÄÐ޸Ļò¸üе¼ÖÂ
»ù½ðºÏͬµÄÄÚÈÝ´æÔÚÓë½ìʱÓÐЧµÄ·¨ÂÉ·¨¹æµÄ¹æ¶¨²»Ò»ÖÂÖ®´¦£¬Ó¦µ±ÒÔ½ìʱÓÐЧµÄ·¨ÂÉ·¨¹æ
µÄ¹æ¶¨Îª×¼£¬¼°Ê±×÷³öÏàÓ¦µÃ±ä¸üºÍµ÷Õû£¬Í¬Ê±¾Í¸ÃµÈ±ä¸ü»òµ÷Õû½øÐй«¸æ¡£
£¨Î壩±¾»ù½ð¿É¸ù¾Ý·¨ÂÉ·¨¹æºÍ»ù½ðºÏͬµÄÔ¼¶¨²ÎÓëתÈÚ֤ͨȯ³ö½èÒµÎñ£¬¿ÉÄÜ´æÔÚÁ÷
¶¯ÐÔ·çÏÕ¡¢Êг¡·çÏÕºÍÐÅÓ÷çÏÕµÈתÈÚͨҵÎñÌØÓзçÏÕ¡£
£¨Áù£©±¾»ù½ðµÄͶ×Ê·¶Î§°üÀ¨´æÍÐƾ֤£¬³ýÓëÆäËû½öͶ×ÊÓÚ»¦ÉîÊг¡¹ÉƱµÄ»ù½ðËùÃæÁÙ
µÄ¹²Í¬·çÏÕÍ⣬±¾»ù½ð»¹½«ÃæÁÙÖйú´æÍÐƾ֤¼Û¸ñ´ó·ù²¨¶¯ÉõÖÁ³öÏֽϴó¿÷ËðµÄ·çÏÕ£¬ÒÔ¼°
ÓëÖйú´æÍÐƾ֤·¢ÐлúÖÆÏà¹ØµÄ·çÏÕ¡£
£¨Æߣ©±¾»ù½ðΪָÊý»ù½ð£¬Í¶×ÊÕßͶ×ÊÓÚ±¾»ù½ðÃæÁÙ¸ú×ÙÎó²î¿ØÖÆδ´ïÔ¼¶¨Ä¿±ê¡¢Ö¸Êý
±àÖÆ»ú¹¹Í£Ö¹·þÎñ¡¢³É·Ý¹ÉÍ£ÅÆ¡¢ÕªÅƵÈDZÔÚ·çÏÕ£¬Ïê¼û±¾»ù½ðÕÐļ˵Ã÷Êé¡£
2¡¢ ÊÍÒå
ÔÚ±¾»ù½ðºÏͬÖУ¬³ý·ÇÎÄÒâÁíÓÐËùÖ¸£¬ÏÂÁдÊÓï»ò¼ò³Æ¾ßÓÐÈçϺ¬Ò壺
1¡¢»ù½ð»ò±¾»ù½ð£ºÖ¸ÄÏ·½ÖÐÖ¤500½»Ò×ÐÍ¿ª·ÅʽָÊý֤ȯͶ×Ê»ù½ðÁª½Ó»ù½ð£¨LOF£©£¬
±¾»ù½ðÓÉÄÏ·½ÖÐÖ¤500Ö¸Êý֤ȯͶ×Ê»ù½ð£¨LOF£©Í¨¹ý»ù½ðºÏͬÐÞ¶©±ä¸ü¶øÀ´
2¡¢»ù½ð¹ÜÀíÈË»ò±¾»ù½ð¹ÜÀíÈË£ºÖ¸ÄÏ·½»ù½ð¹ÜÀí¹É·ÝÓÐÏÞ¹«Ë¾
3¡¢»ù½ðÍйÜÈË»ò±¾»ù½ðÍйÜÈË£ºÖ¸ÖйúÅ©ÒµÒøÐйɷÝÓÐÏÞ¹«Ë¾
4¡¢»ù½ðºÏͬ»ò±¾»ù½ðºÏͬ£ºÖ¸¡¶ÄÏ·½ÖÐÖ¤500½»Ò×ÐÍ¿ª·ÅʽָÊý֤ȯͶ×Ê»ù½ðÁª½Ó»ù
½ð£¨LOF£©»ù½ðºÏͬ¡·¼°¶Ô±¾»ù½ðºÏͬµÄÈκÎÓÐЧÐÞ¶©ºÍ²¹³ä
5¡¢ÍйÜÐÒé»ò±¾ÍйÜÐÒ飺ָ»ù½ð¹ÜÀíÈËÓë»ù½ðÍйÜÈ˾ͱ¾»ù½ðÇ©¶©Ö®¡¶ÄÏ·½ÖÐÖ¤500
½»Ò×ÐÍ¿ª·ÅʽָÊý֤ȯͶ×Ê»ù½ðÁª½Ó»ù½ð£¨LOF£©ÍйÜÐÒé¡·¼°¶Ô¸ÃÍйÜÐÒéµÄÈκÎÓÐЧÐÞ
¶©ºÍ²¹³ä
6¡¢ÕÐļ˵Ã÷Ê飺ָ¡¶ÄÏ·½ÖÐÖ¤500½»Ò×ÐÍ¿ª·ÅʽָÊý֤ȯͶ×Ê»ù½ðÁª½Ó»ù½ð£¨LOF£©ÕÐ
ļ˵Ã÷Êé¡·¼°Æä¸üÐÂ
7¡¢»ù½ð²úÆ·×ÊÁϸÅÒª£ºÖ¸¡¶ÄÏ·½ÖÐÖ¤500½»Ò×ÐÍ¿ª·ÅʽָÊý֤ȯͶ×Ê»ù½ðÁª½Ó»ù½ð£¨LOF£©
»ù½ð²úÆ·×ÊÁϸÅÒª¡·¼°Æä¸üÐÂ
8¡¢»ù½ð·Ý¶î·¢ÊÛ¹«¸æ£ºÖ¸¡¶ÄÏ·½ÖÐÖ¤500Ö¸Êý֤ȯͶ×Ê»ù½ð£¨LOF£©»ù½ð·Ý¶î·¢ÊÛ¹«¸æ¡·
9¡¢·¨ÂÉ·¨¹æ£ºÖ¸ÖйúÏÖÐÐÓÐЧ²¢¹«²¼ÊµÊ©µÄ·¨ÂÉ¡¢ÐÐÕþ·¨¹æ¡¢Ë¾·¨½âÊÍ¡¢²¿ÃŹæÕ¡¢
µØ·½ÐÔ·¨¹æ¡¢µØ·½Õþ¸®¹æÕ¼°ÆäËû¶Ô»ù½ðºÏͬµ±ÊÂÈËÓÐÔ¼ÊøÁ¦µÄ¹æ·¶ÐÔÎļþ¼°¶Ô¸ÃµÈ·¨ÂÉ·¨
¹æ²»Ê±×÷³öµÄÐÞ¶©
10¡¢¡¶»ù½ð·¨¡·£ºÖ¸2003Äê10ÔÂ28ÈÕ¾µÚÊ®½ìÈ«¹úÈËÃñ´ú±í´ó»á³£ÎñίԱ»áµÚÎå´Î»á
Òéͨ¹ý£¬×Ô2004Äê6ÔÂ1ÈÕÆðʵʩµÄ¡¶ÖлªÈËÃñ¹²ºÍ¹ú֤ȯͶ×Ê»ù½ð·¨¡·¼°°ä²¼»ú¹Ø¶ÔÆä
²»Ê±×÷³öµÄÐÞ¶©
11¡¢¡¶ÏúÊÛ°ì·¨¡·£ºÖ¸ÖйúÖ¤¼à»á2004Äê6ÔÂ25ÈÕ°ä²¼¡¢Í¬Äê7ÔÂ1ÈÕʵʩµÄ¡¶Ö¤È¯Í¶
×Ê»ù½ðÏúÊÛ¹ÜÀí°ì·¨¡·¼°¶ÔÆ䲻ʱ×÷³öµÄÐÞ¶©
12¡¢¡¶ÐÅÏ¢Åû¶°ì·¨¡·£ºÖ¸ÖйúÖ¤¼à»á2019Äê7ÔÂ26ÈÕ°ä²¼¡¢Í¬Äê9ÔÂ1ÈÕʵʩµÄ¡¶¹«
¿ªÄ¼¼¯Ö¤È¯Í¶×Ê»ù½ðÐÅÏ¢Åû¶¹ÜÀí°ì·¨¡·¼°¶ÔÆ䲻ʱ×÷³öµÄÐÞ¶©
13¡¢¡¶ÔË×÷°ì·¨¡·£ºÖ¸ÖйúÖ¤¼à»á2004Äê6ÔÂ29ÈÕ°ä²¼¡¢Í¬Äê7ÔÂ1ÈÕʵʩµÄ¡¶Ö¤È¯Í¶
×Ê»ù½ðÔË×÷¹ÜÀí°ì·¨¡·¼°¶ÔÆ䲻ʱ×÷³öµÄÐÞ¶©
14¡¢¡¶¹«¿ªÄ¼¼¯¿ª·Åʽ֤ȯͶ×Ê»ù½ðÁ÷¶¯ÐÔ·çÏÕ¹ÜÀí¹æ¶¨¡·£ºÖ¸ÖйúÖ¤¼à»á2017Äê8ÔÂ
31ÈÕ°ä²¼¡¢Í¬Äê10ÔÂ1ÈÕʵʩµÄ¡¶¹«¿ªÄ¼¼¯¿ª·Åʽ֤ȯͶ×Ê»ù½ðÁ÷¶¯ÐÔ·çÏÕ¹ÜÀí¹æ¶¨¡·¼°
°ä²¼»ú¹Ø¶ÔÆ䲻ʱ×ö³öµÄÐÞ¶©
15¡¢¡¶Ö¸Êý»ù½ðÖ¸Òý¡·£ºÖ¸ÖйúÖ¤¼à»á2021Äê1ÔÂ22ÈÕ°ä²¼¡¢Í¬Äê2ÔÂ1ÈÕʵʩµÄ¡¶¹«
¿ªÄ¼¼¯Ö¤È¯Í¶×Ê»ù½ðÔË×÷Ö¸ÒýµÚ3ºÅ¡ª¡ªÖ¸Êý»ù½ðÖ¸Òý¡·¼°°ä²¼»ú¹Ø¶ÔÆ䲻ʱ×ö³öµÄÐÞ¶©
16¡¢Öйú£ºÖ¸ÖлªÈËÃñ¹²ºÍ¹ú£¬¾Í±¾»ù½ðºÏͬ¶øÑÔ£¬²»°üÀ¨Ïã¸ÛÌرðÐÐÕþÇø¡¢°ÄÃÅÌرð
ÐÐÕþÇøºĮ́ÍåµØÇø
17¡¢ÖйúÖ¤¼à»á£ºÖ¸Öйú֤ȯ¼à¶½¹ÜÀíίԱ»á
18¡¢ÒøÐÐÒµ¼à¶½¹ÜÀí»ú¹¹£ºÖ¸ÖйúÒøÐÐÒµ¼à¶½¹ÜÀíίԱ»á
19¡¢»ù½ðºÏͬµ±ÊÂÈË£ºÖ¸ÊÜ»ù½ðºÏͬԼÊø£¬¸ù¾Ý»ù½ðºÏͬÏíÓÐȨÀû²¢³Ðµ£ÒåÎñµÄ·¨ÂÉÖ÷
Ì壬°üÀ¨»ù½ð¹ÜÀíÈË¡¢»ù½ðÍйÜÈ˺ͻù½ð·Ý¶î³ÖÓÐÈË
20¡¢¸öÈËͶ×ÊÕߣºÖ¸·ûºÏ·¨ÂÉ·¨¹æ¹æ¶¨µÄÌõ¼þ¿ÉÒÔͶ×Ê֤ȯͶ×Ê»ù½ðµÄ×ÔÈ»ÈË
21¡¢»ú¹¹Í¶×ÊÕߣºÖ¸·ûºÏ·¨ÂÉ·¨¹æ¹æ¶¨¿ÉÒÔͶ×Ê֤ȯͶ×Ê»ù½ðµÄÔÚÖлªÈËÃñ¹²ºÍ¹ú×¢²á
µÇ¼Ç»ò¾Õþ¸®Óйز¿ÃÅÅú×¼ÉèÁ¢²¢´æÐøµÄÆóÒµ·¨ÈË¡¢ÊÂÒµ·¨ÈË¡¢Éç»áÍÅÌåºÍÆäËû×éÖ¯
22¡¢ºÏ¸ñ¾³Íâ»ú¹¹Í¶×ÊÕߣºÖ¸·ûºÏ¡¶ºÏ¸ñ¾³Íâ»ú¹¹Í¶×ÊÕß¾³ÄÚ֤ȯͶ×ʹÜÀí°ì·¨¡·¼°Æä
ËûÏà¹Ø·¨ÂÉ·¨¹æµÄ¿ÉͶ×ÊÓÚÖйú¾³ÄÚ֤ȯµÄÖйú¾³ÍâµÄ»ú¹¹Í¶×ÊÕß
23¡¢»ù½ðͶ×ÊÕߣºÖ¸¸öÈËͶ×ÊÕß¡¢»ú¹¹Í¶×ÊÕߺͺϸñ¾³Íâ»ú¹¹Í¶×ÊÕߵĺϳÆ
24¡¢»ù½ð·Ý¶î³ÖÓÐÈË£ºÖ¸ÒÀÕÐļ˵Ã÷ÊéºÍ»ù½ðºÏͬºÏ·¨È¡µÃ»ù½ð·Ý¶îµÄ»ù½ðͶ×ÊÕß
25¡¢Ä¿±êETF£ºÖ¸ÄÏ·½»ù½ð¹ÜÀí¹É·ÝÓÐÏÞ¹«Ë¾¹ÜÀíµÄÖÐÖ¤500½»Ò×ÐÍ¿ª·ÅʽָÊý֤ȯͶ
×Ê»ù½ð£¨¼ò³ÆÖÐÖ¤500ETF£©
26¡¢ETFÁª½Ó»ù½ð£ºÊÇÖ¸½«Æä¾ø´ó²¿·Ö»ù½ð²Æ²úͶ×ÊÓÚÄ¿±êETF£¬½ôÃܸú×Ù±êµÄÖ¸Êý±í
ÏÖ£¬×·Çó¸ú×ÙÆ«Àë¶ÈºÍ¸ú×ÙÎó²î×îС»¯£¬²ÉÓÿª·ÅʽÔË×÷·½Ê½µÄ»ù½ð£¬¼ò³ÆÁª½Ó»ù½ð
27¡¢»ù½ðÏúÊÛÒµÎñ£ºÖ¸»ù½ð¹ÜÀíÈË»ò´úÏú»ú¹¹°ìÀí»ù½ðµÄÈϹº¡¢É깺¡¢Êê»Ø¡¢×ª»»¡¢·Ç
½»Ò×¹ý»§¡¢×ªÍйܼ°¶¨ÆÚ¶¨¶îͶ×ʵÈÒµÎñ
28¡¢ÏúÊÛ»ú¹¹£ºÖ¸Ö±Ïú»ú¹¹ºÍ´úÏú»ú¹¹
29¡¢Ö±Ïú»ú¹¹£ºÖ¸ÄÏ·½»ù½ð¹ÜÀí¹É·ÝÓÐÏÞ¹«Ë¾
30¡¢´úÏú»ú¹¹£ºÖ¸½ÓÊÜ»ù½ð¹ÜÀíÈËίÍдúΪ°ìÀí±¾»ù½ðÏúÊÛÒµÎñµÄ»ú¹¹£¬ÆäÖпÉͨ¹ýÉî
ÛÚ֤ȯ½»Ò×Ëù½»Ò×ϵͳ°ìÀí±¾»ù½ðÏúÊÛÒµÎñµÄ»ú¹¹±ØÐëÊǾßÓлù½ð´úÏúÒµÎñ×ʸñ¡¢²¢¾ÉîÛÚ
֤ȯ½»Ò×ËùºÍÖйú֤ȯµÇ¼Ç½áËãÓÐÏÞÔðÈι«Ë¾ÈϿɵÄÉîÛÚ֤ȯ½»Ò×Ëù»áÔ±µ¥Î»
31¡¢»ù½ðÏúÊÛÍøµã£ºÖ¸Ö±Ïú»ú¹¹µÄÖ±ÏúÍøµã¼°´úÏú»ú¹¹µÄ´úÏúÍøµã
32¡¢×¢²áµÇ¼ÇÒµÎñ£ºÖ¸»ù½ðµÇ¼Ç¡¢´æ¹Ü¡¢¹ý»§¡¢ÇåËãºÍ½áËãÒµÎñ£¬¾ßÌåÄÚÈÝ°üÀ¨»ù½ðͶ
×ÊÕß»ù½ðÕË»§µÄ½¨Á¢ºÍ¹ÜÀí¡¢»ù½ð·Ý¶î×¢²áµÇ¼Ç¡¢»ù½ðÏúÊÛÒµÎñµÄÈ·ÈÏ¡¢ÇåËãºÍ½áËã¡¢´úÀí
·¢·ÅºìÀû¡¢½¨Á¢²¢±£¹Ü»ù½ð·Ý¶î³ÖÓÐÈËÃû²áµÈ
33¡¢×¢²áµÇ¼Ç»ú¹¹£ºÖ¸°ìÀí×¢²áµÇ¼ÇÒµÎñµÄ»ú¹¹¡£»ù½ðµÄ×¢²áµÇ¼Ç»ú¹¹ÎªÄÏ·½»ù½ð¹ÜÀí
¹É·ÝÓÐÏÞ¹«Ë¾»ò½ÓÊÜÄÏ·½»ù½ð¹ÜÀí¹É·ÝÓÐÏÞ¹«Ë¾Î¯ÍдúΪ°ìÀí×¢²áµÇ¼ÇÒµÎñµÄ»ú¹¹¡£
±¾»ù½ðAÀà·Ý¶îµÄ×¢²áµÇ¼Ç»ú¹¹ÎªÖйú֤ȯµÇ¼Ç½áËãÓÐÏÞÔðÈι«Ë¾£»±¾»ù½ðCÀà·Ý¶î
µÄ×¢²áµÇ¼Ç»ú¹¹ÎªÄÏ·½»ù½ð¹ÜÀí¹É·ÝÓÐÏÞ¹«Ë¾
34¡¢»ù½ðºÏͬÉúЧÈÕ£ºÖ¸»ù½ðļ¼¯ÆÚ½áÊøºó´ïµ½·¨ÂÉ·¨¹æ¹æ¶¨¼°»ù½ðºÏͬԼ¶¨µÄ±¸°¸Ìõ
¼þ£¬»ù½ð¹ÜÀíÈËÏòÖйúÖ¤¼à»á°ìÀí»ù½ð±¸°¸ÊÖÐøÍê±Ï£¬²¢ÊÕµ½ÆäÊéÃæÈ·ÈϵÄÈÕÆÚ
35¡¢»ù½ðºÏͬÖÕÖ¹ÈÕ£ºÖ¸»ù½ðºÏͬ¹æ¶¨µÄ»ù½ðºÏͬÖÕÖ¹ÊÂÓɳöÏֺ󣬰´ÕÕ»ù½ðºÏͬ¹æ¶¨
µÄ³ÌÐòÖÕÖ¹»ù½ðºÏͬµÄÈÕÆÚ
36¡¢»ù½ðļ¼¯ÆÚÏÞ£ºÖ¸×Ô»ù½ð·Ý¶î·¢ÊÛÖ®ÈÕÆðÖÁ·¢ÊÛ½áÊøÖ®ÈÕÖ¹µÄÆڼ䣬×²»µÃ³¬¹ý
3¸öÔÂ
37¡¢´æÐøÆÚ£ºÖ¸»ù½ðºÏͬÉúЧÖÁÖÕÖ¹Ö®¼äµÄ²»¶¨ÆÚÆÚÏÞ
38¡¢¹¤×÷ÈÕ£ºÖ¸ÉϺ£Ö¤È¯½»Ò×Ëù¡¢ÉîÛÚ֤ȯ½»Ò×ËùµÄÕý³£½»Ò×ÈÕ
39¡¢ÈÕ£ºÖ¸¹«ÀúÈÕ
40¡¢Ô£ºÖ¸¹«ÀúÔÂ
41¡¢TÈÕ£ºÖ¸ÏúÊÛ»ú¹¹Ôڹ涨ʱ¼äÊÜÀí»ù½ðͶ×ÊÕßÓÐЧÉêÇ빤×÷ÈÕ
42¡¢T+nÈÕ£ºÖ¸×ÔTÈÕÆðµÚn¸ö¹¤×÷ÈÕ(²»°üº¬TÈÕ)
43¡¢¿ª·ÅÈÕ£ºÖ¸Îª»ù½ðͶ×ÊÕß°ìÀí»ù½ð·Ý¶îÉ깺¡¢Êê»Ø»òÆäËûÒµÎñµÄ¹¤×÷ÈÕ
44¡¢½»Ò×ʱ¼ä£ºÖ¸¿ª·ÅÈÕ»ù½ð½ÓÊÜÉ깺¡¢Êê»Ø»òÆäËû½»Ò×µÄʱ¼ä¶Î
45¡¢·¢ÊÛ£ºÖ¸ÔÚ»ù½ðļ¼¯ÆÚÄÚ£¬ÏúÊÛ»ú¹¹ÏòͶ×ÊÕßÏúÊÛ±¾»ù½ð·Ý¶îµÄÐÐΪ
46¡¢ÈϹº£ºÖ¸ÔÚ»ù½ðļ¼¯ÆÚÄÚ£¬»ù½ðͶ×ÊÕßÉêÇ빺Âò»ù½ð·Ý¶îµÄÐÐΪ
47¡¢É깺£ºÖ¸ÔÚ»ù½ð´æÐøÆÚÄÚ£¬»ù½ðͶ×ÊÕßÉêÇ빺Âò»ù½ð·Ý¶îµÄÐÐΪ
48¡¢Êê»Ø£ºÖ¸ÔÚ»ù½ð´æÐøÆÚÄÚ£¬»ù½ð·Ý¶î³ÖÓÐÈË°´»ù½ðºÏͬ¹æ¶¨µÄÌõ¼þÒªÇóÂô³ö»ù½ð·Ý
¶îµÄÐÐΪ
49¡¢ÉÏÊн»Ò×£ºÖ¸»ù½ð´æÐøÆÚÄÚ£¬Í¶×ÊÕßͨ¹ý³¡ÄÚ»áÔ±µ¥Î»ÒÔ¼¯Öоº¼ÛµÄ·½Ê½ÂòÂô»ù½ð
·Ý¶îµÄÐÐΪ
50¡¢»ù½ðת»»£ºÖ¸»ù½ð·Ý¶î³ÖÓÐÈË°´ÕÕ±¾»ù½ðºÏͬºÍ»ù½ð¹ÜÀíÈ˽ìʱµÄ¹«¸æÔÚ±¾»ù½ð·Ý
¶îÓë»ù½ð¹ÜÀíÈ˹ÜÀíµÄÆäËû»ù½ð·Ý¶î¼äµÄת»»ÐÐΪ
51¡¢ÏúÊÛ³¡Ëù£ºÖ¸³¡ÍâÏúÊÛ³¡ËùºÍ³¡ÄÚ½»Ò׳¡Ëù£¬·Ö±ð¼ò³ÆΪ³¡ÍâºÍ³¡ÄÚ
52¡¢³¡Í⣺ָͨ¹ýÉîÛÚ֤ȯ½»Ò×ËùÍâµÄÏúÊÛ»ú¹¹½øÐлù½ð·Ý¶îÈϹº¡¢É깺ºÍÊê»ØµÄ³¡Ëù
53¡¢³¡ÄÚ£ºÍ¨¹ýÉîÛÚ֤ȯ½»Ò×ËùÄÚ¾ßÓÐÏàÓ¦ÒµÎñ×ʸñµÄ»áÔ±µ¥Î»ÀûÓý»Ò×Ëù½»Ò×ϵͳ°ì
Àí»ù½ð·Ý¶îÈϹº¡¢É깺¡¢Êê»ØºÍÉÏÊн»Ò׵ij¡Ëù
54¡¢×¢²áµÇ¼Çϵͳ£ºÖ¸Öйú֤ȯµÇ¼Ç½áËãÓÐÏÞ¹«Ë¾¿ª·Åʽ»ù½ðµÇ¼Ç½áËãϵͳ»òÄÏ·½»ù½ð
¹ÜÀí¹É·ÝÓÐÏÞ¹«Ë¾°ìÀí×¢²áµÇ¼ÇÒµÎñʹÓõÄϵͳ
55¡¢Ö¤È¯µÇ¼Ç½áËãϵͳ£ºÖ¸Öйú֤ȯµÇ¼Ç½áËãÓÐÏÞ¹«Ë¾ÉîÛÚ·Ö¹«Ë¾Ö¤È¯µÇ¼Ç½áËãϵͳ
56¡¢ÏµÍ³ÄÚתÍйܣºÖ¸³ÖÓÐÈ˽«³ÖÓеĻù½ð·Ý¶îÔÚ×¢²áµÇ¼ÇϵͳÄÚ²»Í¬ÏúÊÛ»ú¹¹£¨Íøµã£©
Ö®¼ä»ò֤ȯµÇ¼Ç½áËãϵͳÄÚ²»Í¬»áÔ±µ¥Î»£¨Ï¯Î»£©Ö®¼ä½øÐÐתÍйܵÄÐÐΪ
57¡¢¿çϵͳתµÇ¼Ç£ºÖ¸³ÖÓÐÈ˽«³ÖÓеĻù½ð·Ý¶îÔÚ×¢²áµÇ¼ÇϵͳºÍ֤ȯµÇ¼Ç½áËãϵͳ¼ä
½øÐÐתµÇ¼ÇµÄÐÐΪ
58¡¢Ö¤È¯ÕË»§£ºÖ¸×¢²áµÇ¼Ç»ú¹¹¸øͶ×ÊÕß¿ªÁ¢µÄÓÃÓڼǼͶ×ÊÕß³ÖÓÐ֤ȯµÄÕË»§,°üÀ¨
ÈËÃñ±ÒÆÕͨ¹ÉƱÕË»§ºÍ֤ȯͶ×Ê»ù½ðÕË»§,¼Ç¼ÔÚ¸ÃÕË»§ÏµĻù½ð·Ý¶îµÇ¼ÇÔÚ×¢²áµÇ¼Ç»ú¹¹
µÄ֤ȯµÇ¼Ç½áËãϵͳ
59¡¢»ù½ðÕË»§£ºÖ¸×¢²áµÇ¼Ç»ú¹¹Îª»ù½ðͶ×ÊÕß¿ªÁ¢µÄ¡¢¼Ç¼Æä³ÖÓеġ¢»ù½ð¹ÜÀíÈËËù¹Ü
ÀíµÄ»ù½ð·Ý¶îÓà¶î¼°Æä±ä¶¯Çé¿öµÄÕË»§£¬¼Ç¼ÔÚ¸ÃÕË»§ÏµĻù½ð·Ý¶îµÇ¼ÇÔÚ×¢²áµÇ¼Ç»ú¹¹µÄ
×¢²áµÇ¼Çϵͳ
60¡¢»ù½ð½»Ò×ÕË»§£ºÖ¸ÏúÊÛ»ú¹¹Îª»ù½ðͶ×ÊÕß¿ªÁ¢µÄ¡¢¼Ç¼»ù½ðͶ×ÊÕßͨ¹ý¸ÃÏúÊÛ»ú¹¹
ÂòÂô»ù½ð·Ý¶îµÄ±ä¶¯¼°½áÓàÇé¿öµÄÕË»§
61¡¢AÀà»ù½ð·Ý¶î£ºÖ¸×¢²áµÇ¼ÇÒµÎñ°ìÀí»ú¹¹ÎªÖйú֤ȯµÇ¼Ç½áËãÓÐÏÞÔðÈι«Ë¾£¬²»´Ó
±¾Àà±ð»ù½ð×ʲúÖмÆÌáÏúÊÛ·þÎñ·ÑµÄ»ù½ð·Ý¶î
62¡¢CÀà»ù½ð·Ý¶î£ºÖ¸×¢²áµÇ¼ÇÒµÎñ°ìÀí»ú¹¹ÎªÄÏ·½»ù½ð¹ÜÀí¹É·ÝÓÐÏÞ¹«Ë¾£¬´Ó±¾Àà±ð
»ù½ð×ʲúÖмÆÌáÏúÊÛ·þÎñ·ÑµÄ»ù½ð·Ý¶î
63¡¢Ôª£ºÖ¸ÈËÃñ±ÒÔª
64¡¢Á÷¶¯ÐÔÊÜÏÞ×ʲú£ºÖ¸ÓÉÓÚ·¨ÂÉ·¨¹æ¡¢¼à¹Ü¡¢ºÏͬ»ò²Ù×÷ÕÏ°µÈÔÒòÎÞ·¨ÒÔºÏÀí¼Û¸ñ
ÓèÒÔ±äÏÖµÄ×ʲú£¬°üÀ¨µ«²»ÏÞÓÚµ½ÆÚÈÕÔÚ10¸ö½»Ò×ÈÕÒÔÉϵÄÄæ»Ø¹ºÓëÒøÐж¨ÆÚ´æ¿î£¨º¬Ð
ÒéÔ¼¶¨ÓÐÌõ¼þÌáǰ֧ȡµÄÒøÐдæ¿î£©¡¢Í£ÅƹÉƱ¡¢Á÷ͨÊÜÏÞµÄйɼ°·Ç¹«¿ª·¢ÐйÉƱ¡¢×ʲú
Ö§³Ö֤ȯ¡¢Òò·¢ÐÐÈËÕ®ÎñÎ¥Ô¼ÎÞ·¨½øÐÐתÈûò½»Ò×µÄծȯµÈ¡£·¨ÂÉ·¨¹æ»òÖйúÖ¤¼à»áÁíÓйæ
¶¨µÄ£¬´ÓÆä¹æ¶¨
65¡¢»ù½ðÊÕÒ棺ָ»ù½ðͶ×ÊËùµÃºìÀû¡¢¹ÉÏ¢¡¢Õ®È¯ÀûÏ¢¡¢ÂòÂô֤ȯ¼Û²î¡¢ÒøÐдæ¿îÀûÏ¢¡¢
ÒÑʵÏÖµÄÆäËûºÏ·¨ÊÕÈë¼°ÒòÔËÓûù½ð²Æ²ú´øÀ´µÄ³É±¾ºÍ·ÑÓõĽÚÔ¼
66¡¢»ù½ð×ʲú×ÜÖµ£ºÖ¸»ù½ðÓµÓеĸ÷ÀàÓмÛ֤ȯ¡¢ÒøÐдæ¿î±¾Ï¢¡¢»ù½ðÓ¦ÊÕÉ깺¿î¼°Æä
Ëû×ʲúµÄ¼ÛÖµ×ܺÍ
67¡¢»ù½ð×ʲú¾»Öµ£ºÖ¸»ù½ð×ʲú×ÜÖµ¼õÈ¥»ù½ð¸ºÕ®ºóµÄ¼ÛÖµ
68¡¢»ù½ð·Ý¶î¾»Öµ£ºÖ¸¼ÆËãÈÕ»ù½ð×ʲú¾»Öµ³ýÒÔ¼ÆËãÈÕ»ù½ð·Ý¶î×ÜÊýµÄÊýÖµ
69¡¢»ù½ð×ʲú¹ÀÖµ£ºÖ¸¼ÆËãÆÀ¹À»ù½ð×ʲúºÍ¸ºÕ®µÄ¼ÛÖµ£¬ÒÔÈ·¶¨»ù½ð×ʲú¾»ÖµºÍ»ù½ð·Ý
¶î¾»ÖµµÄ¹ý³Ì
70¡¢Ö¸¶¨Ã½½é£ºÖ¸ÖйúÖ¤¼à»áÖ¸¶¨µÄÓÃÒÔ½øÐÐÐÅÏ¢Åû¶µÄÈ«¹úÐÔ±¨¿¯¼°Ö¸¶¨»¥ÁªÍøÍøÕ¾
£¨°üÀ¨»ù½ð¹ÜÀíÈËÍøÕ¾¡¢»ù½ðÍйÜÈËÍøÕ¾¡¢ÖйúÖ¤¼à»á»ù½ðµç×ÓÅû¶ÍøÕ¾£©µÈý½é
71¡¢×ªÈÚ֤ͨȯ³ö½èÒµÎñ£ºÊÇÖ¸»ù½ðÒÔÒ»¶¨µÄ·ÑÂÊͨ¹ý֤ȯ½»Ò×Ëù×ÛºÏÒµÎñƽ̨ÏòÖйú
֤ȯ½ðÈڹɷÝÓÐÏÞ¹«Ë¾£¨ÒÔϼò³Æ֤ȯ½ðÈÚ¹«Ë¾£©³ö½è֤ȯ£¬Ö¤È¯½ðÈÚ¹«Ë¾µ½Æڹ黹Ëù½èÖ¤
ȯ¼°ÏàӦȨÒæ²¹³¥²¢Ö§¸¶·ÑÓõÄÒµÎñ
72¡¢²»¿É¿¹Á¦£ºÖ¸±¾»ù½ðºÏͬµ±ÊÂÈ˲»ÄÜÔ¤¼û¡¢²»ÄܱÜÃâÇÒ²»ÄÜ¿Ë·þ£¬ÇÒÔÚ±¾»ù½ðºÏͬ
ÓÉ»ù½ð¹ÜÀíÈË¡¢»ù½ðÍйÜÈËÇ©ÊðÖ®ÈÕºó·¢ÉúµÄ£¬Ê¹±¾»ù½ðºÏͬµ±ÊÂÈËÎÞ·¨È«²¿»ò²¿·ÖÂÄÐб¾
»ù½ðºÏͬµÄÈκÎʼþ£¬°üÀ¨µ«²»ÏÞÓÚºéË®¡¢µØÕð¼°ÆäËû×ÔÈ»ÔÖº¦¡¢Õ½Õù¡¢É§ÂÒ¡¢»ðÔÖ¡¢Õþ¸®
Õ÷Óá¢Ã»ÊÕ¡¢·¨ÂÉ·¨¹æ±ä»¯¡¢Í»·¢Í£µç»òÆäËûÍ»·¢Ê¼þ¡¢Ö¤È¯½»Ò×Ëù·ÇÕý³£ÔÝÍ£»òÍ£Ö¹½»Ò×
ÒÔÉÏÊÍÒåÖÐÉæ¼°·¨ÂÉ·¨¹æ¡¢ÒµÎñ¹æÔòµÄÄÚÈÝ£¬·¨ÂÉ·¨¹æ¡¢ÒµÎñ¹æÔòÐÞ¶©ºó£¬ÈçÊÊÓñ¾»ù
½ð£¬Ïà¹ØÄÚÈÝÒÔÐÞ¶©ºó·¨ÂÉ·¨¹æ¡¢ÒµÎñ¹æÔòΪ׼¡£
3¡¢ »ù½ðµÄ»ù±¾Çé¿ö
Ò»¡¢»ù½ðµÄÃû³Æ
ÄÏ·½ÖÐÖ¤500½»Ò×ÐÍ¿ª·ÅʽָÊý֤ȯͶ×Ê»ù½ðÁª½Ó»ù½ð£¨LOF£©
¶þ¡¢»ù½ðµÄÀà±ð
¹ÉƱÐÍ֤ȯͶ×Ê»ù½ð £¨ETFÁª½Ó»ù½ð£©
Èý¡¢»ù½ðµÄÔË×÷·½Ê½
ÉÏÊÐÆõÔ¼ÐÍ¿ª·Åʽ
ËÄ¡¢AÀà»ù½ð·Ý¶îÉÏÊн»Ò×Ëù
ÉîÛÚ֤ȯ½»Ò×Ëù
Î塢Ŀ±êETF¼°Áª½Ó»ù½ð
2013Äê2ÔÂ6ÈÕ£¬ÄÏ·½»ù½ð¹ÜÀí¹É·ÝÓÐÏÞ¹«Ë¾¹ÜÀíµÄÖÐÖ¤500½»Ò×ÐÍ¿ª·ÅʽָÊý֤ȯ
Ͷ×Ê»ù½ð£¨Ä¿±êETF£©³ÉÁ¢¡£¸ù¾Ý¡¶ÄÏ·½ÖÐÖ¤500Ö¸Êý֤ȯͶ×Ê»ù½ð£¨LOF£©»ù½ðºÏͬ¡·µÄÓÐ
¹ØÔ¼¶¨£¬»ù½ð¹ÜÀíÈ˾Óë»ù½ðÍйÜÈËÐÉÌÒ»Ö£¬½«±¾»ù½ð±ä¸üΪÖÐÖ¤500½»Ò×ÐÍ¿ª·ÅʽָÊý
֤ȯͶ×Ê»ù½ðµÄÁª½Ó»ù½ð, ±¾»ù½ðµÄÃû³ÆÏàÓ¦±ä¸üΪ¡°ÄÏ·½ÖÐÖ¤500½»Ò×ÐÍ¿ª·ÅʽָÊýÖ¤
ȯͶ×Ê»ù½ðÁª½Ó»ù½ð£¨LOF£©¡±,²¢¶Ô»ù½ðºÏͬÖС°ÊÍÒ塱¡¢¡°»ù½ðµÄ»ù±¾Çé¿ö¡±¡¢¡°»ù½ð·Ý
¶îµÄÉ깺ÓëÊê»Ø¡±¡¢¡°»ù½ðºÏͬµ±ÊÂÈ˼°È¨ÀûÒåÎñ¡±¡¢¡°»ù½ð·Ý¶î³ÖÓÐÈË´ó»á¡±¡¢¡°»ù½ðµÄ
Ͷ×Ê¡±¡¢¡°»ù½ð×ʲúµÄ¹ÀÖµ¡±¡¢¡°»ù½ðµÄ·ÑÓÃÓëË°ÊÕ¡±¡¢¡°»ù½ðµÄÐÅÏ¢Åû¶¡±ºÍ¡°»ù½ðºÏͬ
µÄ±ä¸ü¡¢ÖÕÖ¹Óë»ù½ð²Æ²úµÄÇåË㡱µÈÕ½ڵÄÄÚÈݽøÐÐÁËÐ޸ġ£ÉÏÊöÐÞ¸ÄÊÂÏîÒѱ¨ÖйúÖ¤¼à»á
±¸°¸£¬×Ô2013Äê2ÔÂ22ÈÕÆðÉúЧ¡£±¾»ù½ðºÏͬµÚ4Õ¡°»ù½ð·Ý¶îµÄ·¢ÊÛÓëÈϹº¡±ºÍµÚ5ÕÂ
¡°»ù½ð±¸°¸¡±¼°ÆäËûÕ½ÚÖÐÓйػù½ðļ¼¯¡¢¡¶ÄÏ·½ÖÐÖ¤500Ö¸Êý֤ȯͶ×Ê»ù½ð£¨LOF£©»ù½ð
ºÏͬ¡·ÉúЧµÈ±íÊö½öÊÊÓÃÓڴ˴αä¸üÇ°µÄ»ù½ðºÏͬ£¬¶Ô´Ë´Î±ä¸üºóµÄ»ù½ðºÏͬ²»ÊÊÓá£
±¾»ù½ðΪĿ±êETF µÄÁª½Ó»ù½ð£¬¶þÕß¼ÈÓÐÁªÏµÒ²ÓÐÇø±ð£º
£¨1£©ÔÚͶ×Ê·½·¨·½Ã棬Ŀ±êETF Ö÷Òª²ÉÈ¡ÍêÈ«¸´ÖÆ·¨£¬Ö±½ÓͶ×ÊÓÚ±êµÄÖ¸ÊýµÄ³É·Ý¹É£»
¶ø±¾»ù½ðÔò²ÉÈ¡¼ä½ÓµÄ·½·¨£¬Í¨¹ý½«¾ø´ó²¿·Ö»ù½ð²Æ²úͶ×ÊÓÚÄ¿±êETF£¬ÊµÏÖ¶ÔÒµ¼¨±È½Ï»ù
×¼µÄ½ôÃܸú×Ù¡£
£¨2£©ÔÚ½»Ò×·½Ê½·½Ã棬Ͷ×ÊÕ߼ȿÉÒÔÔÚ¶þ¼¶Êг¡ÂòÂôÄ¿±êETF£¬Ò²¿ÉÒÔ°´ÕÕÉ깺Êê»Ø
Çåµ¥µÄÒªÇ󣬲ÉÓ÷ݶîÉ깺ºÍ·Ý¶îÊê»ØµÄ·½Ê½ÉêÊêÄ¿±êETF£»¶ø±¾»ù½ðÊÇÉÏÊпª·Åʽ»ù½ð
£¨LOF£©£¬Í¶×ÊÕß¿ÉÒÔÔÚ¶þ¼¶Êг¡ÂòÂô±¾»ù½ð·Ý¶î£¬Ò²¿ÉÒÔͨ¹ý½»Ò×Ëù³¡Äںͳ¡ÍâÏúÊÛ»ú¹¹Éê
¹ººÍÊê»Ø±¾»ù½ð·Ý¶î¡£
£¨3£©É깺Êê»Ø·½Ê½²»Í¬¡£Ä¿±êETFµÄͶ×ÊÈËÒÀ¾ÝÉ깺Êê»ØÇåµ¥£¬°´ÒÔ×éºÏ֤ȯΪÖ÷µÄ
É깺¶Ô¼Û¡¢Êê»Ø¶Ô¼Û½øÐÐÉ깺Êê»Ø£¬É깺Êê»Ø¾ùÒԷݶîÉ걨£»±¾»ù½ðµÄͶ×ÊÈËÒÀ¾Ý»ù½ð·Ý¶î
¾»Öµ£¬ÒÔÏÖ½ð·½Ê½½øÐÐÉ깺Êê»Ø£¬½ð¶îÉ깺¡¢·Ý¶îÊê»Ø¡£
±¾»ù½ðÓëÄ¿±êETF Òµ¼¨±íÏÖ¿ÉÄܳöÏÖ²îÒì¡£¿ÉÄÜÒý·¢²îÒìµÄÒòËØÖ÷Òª°üÀ¨£º
£¨1£©·¨¹æ¶ÔͶ×ʱÈÀýµÄÒªÇó¡£Ä¿±êETF ×÷ΪһÖÖÌØÊâµÄ»ù½ðÆ·ÖÖ£¬¿É½«È«²¿»ò½Ó½üÈ«
²¿µÄ»ù½ð×ʲú£¬ÓÃÓÚ¸ú×Ù±êµÄÖ¸ÊýµÄ±íÏÖ£»¶ø±¾»ù½ð×÷ΪÆÕͨµÄ¿ª·Åʽ»ù½ð£¬ÈÔÐ轫²»µÍÓÚ
»ù½ð×ʲú¾»Öµ5%µÄ×ʲúͶ×ÊÓÚÏÖ½ð»òÕßµ½ÆÚÈÕÔÚÒ»ÄêÒÔÄÚµÄÕþ¸®Õ®È¯¡£
£¨2£©É깺Êê»ØµÄÓ°Ï졣Ŀ±êETF ²ÉȡʵÎïÉêÊêµÄ·½Ê½£¬É깺Êê»Ø¶Ô»ù½ð¾»ÖµÓ°Ïì½ÏС£»
¶ø±¾»ù½ðÉ깺Êê»Ø²ÉÓÃÏÖ½ð·½Ê½£¬´ó¶îÉêÊê¿ÉÄÜ»á¶Ô»ù½ð¾»Öµ²úÉúÒ»¶¨³å»÷¡£
£¨3£©Í¶×ʹÜÀí·½Ê½µÄ²»Í¬£¬ÈçÔÚÖ¸Êý»¯Í¶×ʹý³ÌÖУ¬²»Í¬µÄ¹ÜÀí·½Ê½»áµ¼Ö¸ú×ÙÖ¸Êý
µÄˮƽ¡¢¼¼ÊõÊֶΡ¢ÂòÈëÂô³öµÄʱ»úÑ¡ÔñµÈµÄ²»Í¬¡£
Áù¡¢±êµÄÖ¸Êý
±¾»ù½ðµÄ±êµÄÖ¸ÊýÊÇÖÐÖ¤500Ö¸Êý¡£
Æß¡¢»ù½ðµÄͶ×ÊÄ¿±ê
±¾»ù½ðͨ¹ýͶ×ÊÓÚÄ¿±êETF£¬½ôÃܸú×ÙÒµ¼¨±È½Ï»ù×¼£¬×·Çó¸ú×ÙÆ«Àë¶ÈºÍ¸ú×ÙÎó²î×îС
»¯¡£
°Ë¡¢»ù½ðµÄ×îµÍļ¼¯·Ý¶î×ܶîºÍ½ð¶î
»ù½ðļ¼¯·Ý¶î×ܶÉÙÓÚ2ÒÚ·Ý£¬»ù½ðļ¼¯½ð¶î²»ÉÙÓÚ2ÒÚÔªÈËÃñ±Ò¡£
¾Å¡¢»ù½ð·Ý¶îÃæÖµºÍÈϹº·ÑÓÃ
»ù½ð·Ý¶î³õʼ·¢ÊÛÃæֵΪÈËÃñ±Ò1.00Ôª¡£
±¾»ù½ðµÄÈϹº·ÑÂÊ×î¸ß²»³¬¹ý5%£¬¾ßÌå·ÑÂÊÇé¿öÓÉ»ù½ð¹ÜÀíÈ˾ö¶¨£¬²¢ÔÚÕÐļ˵Ã÷Êé
ÖÐÁÐʾ¡£
Ê®¡¢»ù½ð´æÐøÆÚÏÞ
²»¶¨ÆÚ
ʮһ¡¢»ù½ð·Ý¶îÀà±ðÉèÖÃ
±¾»ù½ð¸ù¾Ý·ÑÂÊÉèÖõIJ»Í¬£¬½«»ù½ð·Ý¶î·ÖΪ²»Í¬µÄÀà±ð£¬²»´Ó±¾Àà±ð»ù½ð×ʲúÖмÆÌá
ÏúÊÛ·þÎñ·ÑµÄ»ù½ð·Ý¶î£¬³ÆΪAÀà»ù½ð·Ý¶î£»´Ó±¾Àà±ð»ù½ð×ʲúÖмÆÌáÏúÊÛ·þÎñ·ÑµÄ»ù½ð·Ý
¶î£¬³ÆΪCÀà»ù½ð·Ý¶î¡£
±¾»ù½ðAÀà»ù½ð·Ý¶îµÄÉ깺ÓëÊê»Ø°üÀ¨³¡ÍâºÍ³¡ÄÚÁ½ÖÖ·½Ê½¡£±¾»ù½ðCÀà»ù½ð·Ý¶îÔÚ
³¡ÍâÉ깺ºÍÊê»Ø¡£AÀà»ù½ð·Ý¶îºÍCÀà»ù½ð·Ý¶îÖ®¼ä²»ÄÜ»¥Ïàת»»¡£
±¾»ù½ðAÀàºÍCÀà»ù½ð·Ý¶î·Ö±ðÉèÖôúÂë²¢·Ö±ð¼ÆËã²¢¹«¸æ»ù½ð·Ý¶î¾»Öµ¡£
Ͷ×ÊÈË¿É×ÔÐÐÑ¡ÔñÈϹº¡¢É깺µÄ»ù½ð·Ý¶îÀà±ð¡£
¸ù¾Ý»ù½ðÔË×÷Çé¿ö£¬»ù½ð¹ÜÀíÈË¿ÉÔÚ²»Î¥·´·¨ÂÉ·¨¹æ¡¢»ù½ðºÏͬµÄÔ¼¶¨ÒÔ¼°¶Ô·Ý¶î³ÖÓÐ
ÈËÀûÒæÎÞʵÖÊÐÔ²»ÀûÓ°ÏìµÄÇé¿öÏ£¬¾Óë»ù½ðÍйÜÈËÐÉÌ£¬Í£Ö¹ÏÖÓлù½ð·Ý¶îÀà±ðµÄÏúÊÛ¡¢
±ä¸üÏÖÓлù½ð·Ý¶îÀà±ðµÄ×¢²áµÇ¼ÇÒµÎñ°ìÀí»ú¹¹»òÕßÔö¼ÓеĻù½ð·Ý¶îÀà±ðµÈ£¬µ÷ÕûÇ°»ù½ð
¹ÜÀíÈËÐ輰ʱ¹«¸æ²¢±¨ÖйúÖ¤¼à»á±¸°¸£¬²»ÐèÒªÕÙ¿ª»ù½ð·Ý¶î³ÖÓÐÈË´ó»á¡£
4¡¢ »ù½ð·Ý¶îµÄ·¢ÊÛÓëÈϹº
Ò»¡¢»ù½ð·Ý¶îµÄ·¢ÊÛʱ¼ä¡¢·¢ÊÛ·½Ê½¡¢·¢ÊÛ¶ÔÏó
1¡¢·¢ÊÛʱ¼ä
×Ô»ù½ð·Ý¶î·¢ÊÛÖ®ÈÕÆð£¬×²»µÃ³¬¹ý3¸öÔ£¬¾ßÌå·¢ÊÛʱ¼ä¼û»ù½ð·Ý¶î·¢ÊÛ¹«¸æ¡£
2¡¢·¢ÊÛ·½Ê½
±¾»ù½ð½«Í¨¹ý³¡ÍâºÍ³¡ÄÚÁ½ÖÖ·½Ê½¹«¿ª·¢ÊÛ¡£³¡Í⽫ͨ¹ý»ù½ð¹ÜÀíÈ˵ÄÖ±ÏúÍøµã¼°»ù½ð
´úÏú»ú¹¹µÄ´úÏúÍøµã·¢ÊÛ£¬³¡ÄÚ½«Í¨¹ýÉîÛÚ֤ȯ½»Ò×ËùÄÚ¾ßÓÐÏàÓ¦ÒµÎñ×ʸñµÄ»áÔ±µ¥Î»·¢
ÊÛ£¬¾ßÌåÃûµ¥Ïê¼û»ù½ð·Ý¶î·¢ÊÛ¹«¸æ»òÏà¹ØÒµÎñ¹«¸æ¡£ÉÐδȡµÃÏàÓ¦ÒµÎñ×ʸñ£¬µ«ÊôÓÚÉîÛÚ
֤ȯ½»Ò×Ëù»áÔ±µÄÆäËû»ú¹¹£¬¿ÉÔÚ±¾»ù½ðÉÏÊк󣬴úÀíͶ×ÊÕßͨ¹ýÉîÛÚ֤ȯ½»Ò×Ëù½»Ò×ϵͳ
²ÎÓë±¾»ù½ðµÄÉÏÊн»Òס£
³ý·¨ÂÉ·¨¹æÁíÓй涨Í⣬ÈκÎÓë»ù½ð·Ý¶î·¢ÊÛÓйصĵ±ÊÂÈ˲»µÃÔ¤ÁôºÍÌáÇ°·¢ÊÛ»ù½ð·Ý
¶î¡£
3¡¢·¢ÊÛ¶ÔÏó
Öйú¾³ÄڵĸöÈËͶ×ÊÕߺͻú¹¹Í¶×ÊÕߣ¨·¨ÂÉ·¨¹æ½ûֹͶ×Ê֤ȯͶ×Ê»ù½ðµÄ³ýÍ⣩¡¢ºÏ¸ñ
¾³Íâ»ú¹¹Í¶×ÊÕß¼°·¨ÂÉ·¨¹æ»òÖйúÖ¤¼à»áÔÊÐí¹ºÂò֤ȯͶ×Ê»ù½ðµÄÆäËûͶ×ÊÕß¡£
¶þ¡¢»ù½ð·Ý¶îµÄÈϹº
1¡¢ÈϹº·ÑÓÃ
±¾»ù½ð³¡ÍâÈϹºÊ±Í¶×ÊÕß¿ÉÒÔÑ¡ÔñÖ§¸¶Ç°¶ËÈϹº·ÑÓûòºó¶ËÈϹº·ÑÓ㻳¡ÄÚÈϹºÊ±Í¶×Ê
ÕßÖ»ÄÜÑ¡ÔñÖ§¸¶Ç°¶ËÈϹº·ÑÓá£
±¾»ù½ðÈϹº·ÑÂʲ»µÃ³¬¹ýÈϹº½ð¶îµÄ5%¡£±¾»ù½ðµÄÈϹº·ÑÂÊÓÉ»ù½ð¹ÜÀíÈ˾ö¶¨£¬²¢ÔÚ
ÕÐļ˵Ã÷ÊéÖÐÁÐʾ¡£»ù½ðÈϹº·ÑÓò»ÁÐÈë»ù½ð²Æ²ú£¬Ö÷ÒªÓÃÓÚ»ù½ðµÄÊг¡Íƹ㡢ÏúÊÛ¡¢×¢²á
µÇ¼ÇµÈ»ù½ðļ¼¯ÆÚÄÚ·¢ÉúµÄ¸÷Ïî·ÑÓá£
2¡¢Ä¼¼¯ÆÚÀûÏ¢µÄ´¦Àí·½Ê½
ÓÐЧÈϹº¿îÏîÔÚ»ù½ðļ¼¯ÆÚ¼äÐγɵÄÀûÏ¢£¬ÕÛËã³É»ù½ð·Ý¶î¼ÆÈë»ù½ðͶ×ÊÕßµÄÕË»§£¬¾ß
Ìå·Ý¶îÒÔ×¢²áµÇ¼Ç»ú¹¹µÄ¼Ç¼Ϊ׼¡£
3¡¢»ù½ðÈϹº·Ý¶îµÄ¼ÆËã
£¨1£©³¡ÍâÈϹº²ÉÓá°½ð¶îÈϹº£¬·Ý¶îÈ·ÈÏ¡±µÄ·½Ê½£»³¡ÄÚÈϹº²ÉÓ᰷ݶîÈϹº£¬·Ý¶î
È·ÈÏ¡±µÄ·½Ê½¡£»ù½ðÈϹº·Ý¶î¾ßÌåµÄ¼ÆËã·½·¨ÔÚ¡¶ÕÐļ˵Ã÷Êé¡·ÖÐÁÐʾ¡£
£¨2£©ÈϹº·Ý¶î¡¢Óà¶îµÄ´¦Àí·½Ê½Ïê¼û±¾»ù½ðµÄ¡¶ÕÐļ˵Ã÷Êé¡·¡£
Èý¡¢»ù½ð·Ý¶îÈϹºÔÔò¼°³ÖÓÐÏÞ¶î
1¡¢»ù½ðͶ×ÊÕßÈϹºÇ°£¬Ðè°´ÏúÊÛ»ú¹¹¹æ¶¨µÄ·½Ê½È«¶î½É¿î¡£
2¡¢»ù½ðͶ×ÊÕßÔÚ»ù½ðļ¼¯ÆÚÄÚ¿ÉÒÔ¶à´ÎÈϹº»ù½ð·Ý¶î£¬ÈϹºÒ»¾ÊÜÀí²»µÃ³·Ïú¡£
3¡¢»ù½ð·¢ÊÛ»ú¹¹¶ÔÈϹºÉêÇëµÄÊÜÀí²¢²»´ú±í¸ÃÉêÇëÒ»¶¨³É¹¦£¬¶ø½ö´ú±í·¢ÊÛ»ú¹¹È·Êµ
½ÓÊÕµ½ÈϹºÉêÇë¡£ÈϹºµÄÈ·ÈÏÒÔ×¢²áµÇ¼Ç»ú¹¹»ò»ù½ð¹ÜÀí¹«Ë¾µÄÈ·ÈϽá¹ûΪ׼¡£¶ÔÓÚÈϹºÉê
Çë¼°ÈϹº·Ý¶îµÄÈ·ÈÏÇé¿ö£¬Í¶×ÊÕßÓ¦¼°Ê±²éѯ²¢Í×ÉÆÐÐʹºÏ·¨È¨Àû£¬·ñÔò£¬Óɴ˲úÉúµÄͶ×Ê
ÕßÈκÎËðʧÓÉͶ×ÊÕß×ÔÐге£¡£
4¡¢»ù½ð¹ÜÀíÈË¿ÉÒÔ¶Ôÿ¸öÕË»§µÄµ¥±Ê×îµÍÈϹº½ð¶î½øÐÐÏÞÖÆ£¬¾ßÌåÏÞÖÆÇë²Î¿´ÕÐļ˵
Ã÷Êé¡£
5¡¢»ù½ð¹ÜÀíÈË¿ÉÒÔ¶Ôļ¼¯ÆÚÄڵĵ¥¸ö»ù½ðͶ×ÊÕßµÄÀÛ¼ÆÈϹº½ð¶î½øÐÐÏÞÖÆ£¬¾ßÌåÏÞÖÆ
ºÍ´¦Àí·½·¨Çë²Î¿´ÕÐļ˵Ã÷Êé¡£
5¡¢ »ù½ð±¸°¸
Ò»¡¢»ù½ð±¸°¸ºÍ»ù½ðºÏͬÉúЧ
1¡¢»ù½ðļ¼¯ÆÚÏÞ½ìÂú£¬ÔÚ»ù½ðļ¼¯·Ý¶î×ܶÉÙÓÚ2ÒÚ·Ý£¬»ù½ðļ¼¯½ð¶î²»ÉÙÓÚ2ÒÚ
ÔªÈËÃñ±Ò£¬²¢ÇÒ»ù½ð·Ý¶î³ÖÓÐÈ˵ÄÈËÊý²»ÉÙÓÚ200È˵ÄÌõ¼þÏ£¬»ù½ð¹ÜÀíÈËÒÀ¾Ý·¨ÂÉ·¨¹æºÍ
ÕÐļ˵Ã÷ÊéµÄ¹æ¶¨¿ÉÒÔ¾ö¶¨Í£Ö¹»ù½ð·¢ÊÛ¡£»ù½ð¹ÜÀíÈËÓ¦µ±×Ô»ù½ðļ¼¯ÆÚ½áÊøÖ®ÈÕÆð10ÈÕ
ÄÚƸÇë·¨¶¨Ñé×Ê»ú¹¹Ñé×Ê£¬×ÔÊÕµ½Ñé×ʱ¨¸æÖ®ÈÕÆð10ÈÕÄÚ£¬ÏòÖйúÖ¤¼à»áÌá½»Ñé×ʱ¨¸æ£¬
°ìÀí»ù½ð±¸°¸ÊÖÐø¡£×ÔÖйúÖ¤¼à»áÊéÃæÈ·ÈÏÖ®ÈÕÆ𣬻ù½ð±¸°¸ÊÖÐø°ìÀíÍê±Ï£¬»ù½ðºÏͬÉúЧ¡£
»ù½ð¹ÜÀíÈËÓ¦µ±ÔÚÊÕµ½ÖйúÖ¤¼à»áÈ·ÈÏÎļþµÄ´ÎÈÕÓèÒÔ¹«¸æ¡£
2¡¢±¾»ù½ðºÏͬÉúЧǰ£¬»ù½ðͶ×ÊÕßµÄÈϹº¿îÏîÖ»ÄÜ´æÈëļ¼¯ÕË»§£¬ÈκÎÈ˲»µÃ¶¯Óá£
ÈϹº×ʽðÔÚ»ù½ðļ¼¯ÆÚÐγɵÄÀûÏ¢Õ۳ɻù½ðͶ×ÊÕßÈϹºµÄ»ù½ð·Ý¶î£¬¹é»ù½ðͶ×ÊÕßËùÓС£Àû
Ϣת·Ý¶îµÄ¾ßÌåÊý¶îÒÔ×¢²áµÇ¼Ç»ú¹¹µÄ¼Ç¼Ϊ׼¡£
¶þ¡¢»ù½ðļ¼¯Ê§°Ü
1¡¢»ù½ðļ¼¯ÆÚ½ìÂú£¬Î´´ïµ½»ù½ðºÏͬµÄÉúЧÌõ¼þ£¬»ò»ù½ðļ¼¯ÆÚÄÚ·¢Éú²»¿É¿¹Á¦Ê¹»ù
½ðºÏͬÎÞ·¨ÉúЧ£¬Ôò»ù½ðļ¼¯Ê§°Ü¡£
2¡¢Èç»ù½ðļ¼¯Ê§°Ü£¬»ù½ð¹ÜÀíÈËÓ¦ÒÔÆä¹ÌÓвƲú³Ðµ£Òòļ¼¯ÐÐΪ¶ø²úÉúµÄÕ®ÎñºÍ·ÑÓã¬
ÔÚ»ù½ðļ¼¯ÆÚÏÞ½ìÂúºó30ÈÕÄÚ·µ»¹»ù½ðͶ×ÊÕßÒѽÉÄɵĿîÏ²¢¼Ó¼ÆͬÆÚÒøÐдæ¿îÀûÏ¢¡£
Èý¡¢»ù½ð´æÐøÆÚÄڵĻù½ð·Ý¶î³ÖÓÐÈËÊýÁ¿ºÍ×ʽðÊý¶î
¡¶»ù½ðºÏͬ¡·ÉúЧºó£¬Á¬Ðø20¸ö¹¤×÷ÈÕ³öÏÖ»ù½ð·Ý¶î³ÖÓÐÈËÊýÁ¿²»Âú200ÈË»òÕß»ù½ð
×ʲú¾»ÖµµÍÓÚ5000ÍòÔªµÄ£¬»ù½ð¹ÜÀíÈËÓ