{"id":7760,"date":"2019-12-19T13:17:23","date_gmt":"2019-12-19T05:17:23","guid":{"rendered":"https:\/\/\/?p=7760"},"modified":"2021-06-01T16:30:53","modified_gmt":"2021-06-01T08:30:53","slug":"hedga-fund-qa-14","status":"publish","type":"post","link":"https:\/\/\/hedga-fund-qa-14\/","title":{"rendered":"\u6295\u8cc7\u907f\u96aa\u57fa\u91d1\u5982\u4f55\u5224\u65b7\u597d\u58de\uff1f\u4e00\u4f4d\u907f\u96aa\u57fa\u91d1\u7d93\u7406\u4eba\u7684\u8a2a\u8ac714\u500b\u554f\u984cQA"},"content":{"rendered":"<!-- \/367108978\/Rich01_PC_up_728x90 -->\n\t<div class='div-gpt-ad-css' id='div-gpt-ad-1564472272479-0' style='width: 728px; height: 90px;'>\n\t  <script>\n\t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1564472272479-0'); });\n\t  <\/script>\n\t<\/div><p><img decoding=\"async\" class=\"alignnone size-full wp-image-7763\" src=/index.html"https:\/\/\/wp-content\/uploads\/20191219131657_61.jpg\" alt=\"\" width=\"960\" height=\"502\" \/><\/p>\n<p>\u524d\u9663\u5b50\u5e02\u5834\u5148\u751f\u8ddf\u4e00\u4f4d\u907f\u96aa\u57fa\u91d1\u7d93\u7406\u4eba\u804a\u5929\uff0c<br \/>\n\u4ed6\u662f\u64c5\u9577\u505a\u5168\u7403\u91cf\u5316\u4ea4\u6613(quant)\u7684\u5c0d\u6c96\u985e\u7b56\u7565\u958b\u767c\uff0c<br \/>\n\u80fd\u505a\u5230\u8ddf\u6295\u8cc7\u80a1\u5e02\u6307\u6578\u5dee\u4e0d\u591a\u7684\u5831\u916c\u7387\uff0c\u4f46\u6ce2\u52d5\u9060\u4f4e\u65bc\u80a1\u5e02\u3001\u5927\u7565\u7b49\u65bc\u50b5\u5238\u7684\u4f4e\u6ce2\u52d5\u98a8\u96aa\u3002<\/p>\n<p><strong>\u907f\u96aa\u57fa\u91d1(hedge fund)<\/strong>\u662f\u4e00\u822c\u4eba\u6bd4\u8f03\u5c11\u63a5\u89f8\u5230\u7684\u4e00\u985e\u57fa\u91d1\uff0c<br \/>\n\u4e4b\u524d\u5e02\u5834\u5148\u751f\u6709\u5206\u4eab\u4e00\u7bc7\u907f\u96aa\u57fa\u91d1\u57fa\u790e\u6982\u5ff5\u6559\u5b78\uff0c\u5982\u679c\u9084\u6c92\u770b\u904e\u5efa\u8b70\u5148\u53bb\u770b\u5b8c\u4e0a\u4e00\u7bc7\uff0c<br \/>\n\u4e0a\u4e00\u7bc7\uff1a<a href=/index.html"https:\/\/\/what-is-hedge-funds\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u8a8d\u8b58\u4ec0\u9ebc\u662f\u907f\u96aa\u57fa\u91d1\uff1f<\/a><\/p>\n<p>\u5927\u591a\u6578\u6211\u5011\u5e73\u5e38\u770b\u5230\u7684\u90fd\u5c6c\u65bc<a href=/index.html"https:\/\/\/fund-01\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u5171\u540c\u57fa\u91d1(mutual fund)<\/a>\uff0c\u5171\u540c\u57fa\u91d1\u6295\u8cc7\u7684\u9650\u5236\u6bd4\u8f03\u591a\uff0c<br \/>\n\u800c\u907f\u96aa\u57fa\u91d1\u5247\u662f\u6709\u8f03\u5927\u7684\u64cd\u4f5c\u5f48\u6027\uff0c\u76f8\u5c0d\u7684\u6839\u64da\u5718\u968a\u80fd\u529b\u4e0d\u540c\uff0c\u6709\u4e9b\u98a8\u96aa\u4e5f\u6bd4\u8f03\u9ad8\u3002<\/p>\n<p>\u5c0d\u9019\u500b\u9818\u57df\u6211\u81ea\u5df1\u4e5f\u5f88\u597d\u5947\uff0c\u7576\u5929\u554f\u4e86\u8a31\u591a\u554f\u984c\uff0c<br \/>\n\u804a\u5929\u4e2d\u4e5f\u8ac7\u5230\u4e86\u5f88\u591a\u5e73\u5e38\u5f88\u96e3\u77e5\u9053\u7684\u77e5\u8b58\u3002<\/p>\n<p>\u5728\u5fb5\u6c42\u5c0d\u65b9\u540c\u610f\u5f8c\u6211\u628a\u4e00\u4e9b\u8ac7\u8a71\u554f\u7b54\u8a18\u9304\u4e0b\u4f86\uff0c<br \/>\n\u4ee5\u4e0b\u662f\u4e00\u4e9b\u7576\u5929\u7684\u554f\u7b54\u7d00\u9304\u8207\u88dc\u5145\u8cc7\u8a0a\uff0c\u6211\u554f\u4e86\u5f88\u591a\u554f\u984c\uff0c\u4e5f\u4e00\u4f75\u5206\u4eab\u7d66\u5927\u5bb6\uff1a<\/p>\n<p><strong>Q: \u70ba\u4ec0\u9ebc\u6709\u9322\u4eba\u6703\u9700\u8981\u907f\u96aa\u57fa\u91d1\uff1f<\/strong><\/p>\n<p><strong>Q: \u907f\u96aa\u57fa\u91d1\u7684\u91cf\u5316\u64cd\u4f5c\u7b56\u7565\uff0c\u4e3b\u6d41\u6709\u54ea\u4e9b\u7a2e\u985e\uff1f<\/strong><\/p>\n<p><strong>Q: \u907f\u96aa\u57fa\u91d1\u901a\u5e38\u90fd\u600e\u9ebc\u8861\u91cf\u7e3e\u6548\u597d\u58de\uff1f<\/strong><\/p>\n<p><strong>Q: \u907f\u96aa\u57fa\u91d1\u5831\u916c\u7387\u5927\u6982\u662f\u591a\u5c11\uff1f<\/strong><\/p>\n<p><strong>Q: \u907f\u96aa\u57fa\u91d1\u5831\u916c\u7387\u7a69\u5b9a\u55ce\uff1f<\/strong><\/p>\n<p><strong>Q: \u53f0\u7063\u4eba\u5f88\u559c\u6b61\u8cb7\u914d\u606f\u57fa\u91d1\uff0c\u907f\u96aa\u57fa\u91d1\u6709\u53ef\u80fd\u6708\u914d\u606f\u55ce\uff1f<\/strong><\/p>\n<p><strong>Q: \u907f\u96aa\u57fa\u91d1\u70ba\u4ec0\u9ebc\u4e00\u822c\u4eba\u5f88\u96e3\u6295\uff1f<\/strong><\/p>\n<p><strong>Q: \u8001\u724c\u7684\u907f\u96aa\u57fa\u91d1\u6703\u6bd4\u8f03\u597d\u55ce\uff1f\u65b0\u7684\u5462\uff1f<\/strong><\/p>\n<p><strong>Q: \u5982\u679c\u57fa\u91d1\u5be6\u969b\u7e3e\u6548\u671f\u9593\u5f88\u77ed\uff0c\u5f9e\u56de\u6e2c\u7e3e\u6548\u53ef\u4ee5\u600e\u9ebc\u5224\u65b7\uff1f<\/strong><\/p>\n<p><strong>Q: \u5982\u4f55\u907f\u514d\u9078\u5230\u7e3e\u6548\u4e0d\u597d\u7684\u907f\u96aa\u57fa\u91d1\uff1f<\/strong><\/p>\n<p><strong>Q: \u6295\u8cc7\u907f\u96aa\u57fa\u91d1\u4e4b\u524d\uff0c\u8981\u554f\u7d93\u7406\u4eba\u54ea\u4e9b\u554f\u984c\uff1f<\/strong><\/p>\n<p><strong>Q: \u907f\u96aa\u57fa\u91d1\u7ba1\u7406\u8cbb\u6703\u6bd4\u5171\u540c\u57fa\u91d1\u9ad8\uff1f<\/strong><\/p>\n<p><strong>Q: \u5f9e\u907f\u96aa\u57fa\u91d1\u7d93\u7406\u4eba\u7684\u89d2\u5ea6\uff0c\u4f60\u600e\u9ebc\u770b\u5171\u540c\u57fa\u91d1\uff1f<\/strong><\/p>\n<p><strong>Q: \u5927\u90e8\u5206\u7684\u4eba\u5c0d\u907f\u96aa\u57fa\u91d1\u6703\u6709\u54ea\u4e9b\u8aa4\u89e3\uff1f<\/strong><\/p>\n<p>(\u8003\u616e\u907f\u514d\u6cd5\u898f\u554f\u984c\uff0c\u907f\u96aa\u57fa\u91d1\u4e0d\u80fd\u5c0d\u4e0d\u7279\u5b9a\u5927\u773e\u5ba3\u50b3\uff0c\u56e0\u6b64\u9019\u88e1\u4e0d\u6703\u63d0\u5230\u5c0d\u65b9\u7684\u59d3\u540d\u6216\u57fa\u91d1\u540d\u7a31\u3002)<\/p>\n<p><!--more--><\/p>\n<h2>Q: \u70ba\u4ec0\u9ebc\u6709\u9322\u4eba\u6703\u9700\u8981\u907f\u96aa\u57fa\u91d1\uff1f<\/h2>\n<p><strong>A: \u60f3\u8981\u9ad8\u5831\u916c\u53ea\u662f\u4e00\u90e8\u4efd\uff0c\u901a\u5e38\u662f\u56e0\u70ba\u8cc7\u7522\u8d8a\u9ad8\u3001\u8d8a\u4e0d\u80fd\u63a5\u53d7\u5927\u6ce2\u52d5\uff0c\u56e0\u6b64\u6703\u9700\u8981\u4e00\u4e9b\u98a8\u96aa\u66f4\u52a0\u53ef\u63a7\u7684\u6295\u8cc7\u7b56\u7565\u3002<\/strong><\/p>\n<p>\u5f9e<a href=/index.html"https:\/\/\/how-asset-allocation-1\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u8cc7\u7522\u914d\u7f6e<\/a>\u7684\u89d2\u5ea6\uff0c\u9ad8\u8cc7\u7522\u4eba\u58eb\u6703\u5e0c\u671b\u81ea\u5df1\u7684\u8cc7\u91d1\u914d\u7f6e\u5728\u5404\u7a2e\u4e0d\u540c\u985e\u578b\u7684\u8cc7\u7522\u4e0a\uff0c<br \/>\n\u8cc7\u7522\u7684\u985e\u5225\u4e0d\u540c\u53ef\u4ee5\u907f\u514d\u98a8\u96aa\u904e\u5ea6\u96c6\u4e2d\u3002<\/p>\n<p>\u4ee5\u8036\u9b6f\u5927\u5b78\u7684\u8cc7\u7522\u914d\u7f6e\u70ba\u4f8b\uff0c\u88e1\u9762\u4e5f\u6709\u5f88\u5927\u6bd4\u4f8b\u7684\u8cc7\u91d1\u653e\u5728<strong>\u79c1\u52df<\/strong>\u57fa\u91d1\u4e0a\uff0c<br \/>\n\u79c1\u52df\u5305\u542b\u5275\u6295VC\u3001PE fund(\u5275\u6295\u5f8c\u5230\u4e0a\u5e02\u524d\u968e\u6bb5)\u3001\u907f\u96aa\u57fa\u91d1\u3002<\/p>\n<p>\u907f\u96aa\u57fa\u91d1\u53ea\u662f\u4e00\u7a2e\u901a\u7a31\uff0c\u5be6\u969b\u4e0a\u4e5f\u6839\u64da\u6295\u8cc7\u7b56\u7565\u6709\u4e0d\u540c\u7684\u7a31\u547c\uff0c<br \/>\n\u4f8b\u5982\u591a\u7a7a\u5c0d\u6c96\u7b56\u7565\uff0c\u4e5f\u53ef\u4ee5\u53eb\u505a\u7d55\u5c0d\u5831\u916c\u57fa\u91d1\uff0c\u56e0\u70ba\u5b83\u76ee\u6a19\u662f\u8ffd\u6c42\u7d55\u5c0d\u5831\u916c\u3002<\/p>\n<p>&nbsp;<\/p>\n<h2>Q: \u907f\u96aa\u57fa\u91d1\u7684\u91cf\u5316\u64cd\u4f5c\u7b56\u7565\uff0c\u4e3b\u6d41\u6709\u54ea\u4e9b\u7a2e\u985e\uff1f<\/h2>\n<p><strong>A: \u6bd4\u8f03\u5e38\u898b\u7684\u53ef\u4ee5\u5206\u62105\u5927\u985e\u7b56\u7565\uff1a<\/strong><\/p>\n<p><strong>1. long\/short\u591a\u7a7a\u80a1\u7968\u5c0d\u6c96\u7b56\u7565\uff1a<\/strong><\/p>\n<p>\u6839\u64da\u91cf\u5316\u56e0\u5b50\uff0c\u5c0d\u6240\u6709\u80a1\u7968\u505a\u51fa\u6392\u5e8f\uff0c\u505a\u591a\u8a8d\u70ba\u6700\u7e3e\u512a\u7684\u4e00\u4e9b\u80a1\u7968\u3001\u4e26\u505a\u7a7a\u8a8d\u70ba\u6700\u5dee\u7684\u4e00\u4e9b\u80a1\u7968\uff0c<br \/>\n\u7531\u65bc\u540c\u6642\u6301\u6709\u591a\u982d\u90e8\u4f4d\u8207\u7a7a\u982d\u90e8\u4f4d\uff0c<br \/>\n\u56e0\u6b64\u7576\u7cfb\u7d71\u98a8\u96aa\u767c\u751f(\u5927\u76e4\u5728\u5927\u8dcc)\u6642\u7a7a\u982d\u90e8\u4f4d\u4e5f\u6703\u7372\u5229\uff0c\u8cc7\u7522\u4e0d\u6703\u53d7\u5230\u592a\u5927\u885d\u64ca\u3002<\/p>\n<p><strong>2. CTA (Commodity Trading Advisors\uff0cCTA)\uff1a<\/strong><\/p>\n<p style=\"margin: 0in; font-family: 'Microsoft JhengHei'; font-size: 11.0pt;\">\u5404\u7a2e\u671f\u8ca8\u4ea4\u6613\uff0c\u8de8\u591a\u5546\u54c1\u5e02\u5834\u7684\u7b56\u7565\u4ea4\u6613\uff0c\u5927\u591a\u662f\u9806\u52e2\u4ea4\u6613\uff0c\u4e3b\u8981\u7528\u671f\u8ca8\u53bb\u64cd\u4f5c\u3002<\/p>\n<p><strong>3. long-only\u505a\u591a\u7b56\u7565 &amp; Macro fund \u7e3d\u7d93\u7b56\u7565<\/strong><\/p>\n<p>\u53ea\u505a\u591a\u4e0d\u505a\u7a7a\uff0c\u55ae\u7d14\u505a<a href=/index.html"https:\/\/\/how-asset-allocation-1\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u8cc7\u7522\u914d\u7f6e<\/a>\uff0c\u8cc7\u7522\u985e\u5225\u5305\u542b\uff1a\u80a1\u7968\u3001\u50b5\u5238\u3001\u5546\u54c1\u3001\u9ec3\u91d1\u3001\u623f\u5730\u7522\u3001\u672a\u4e0a\u5e02\u516c\u53f8\uff0c\u4f46\u4e0d\u505a\u7a7a\u3002<br \/>\n\u4f8b\u5982\uff1a\u6a4b\u6c34\u57fa\u91d1\u7684\u5168\u5929\u5019\u6295\u8cc7\u7b56\u7565(all weather)\u3001\u91cf\u5b50\u57fa\u91d1\u6839\u64da\u666f\u6c23\u5faa\u74b0\u64cd\u4f5c\u5404\u7a2e\u4e0d\u540c\u5546\u54c1\u7b49\u7b49\u3002<\/p>\n<p>\u5f88\u985e\u4f3c\u5171\u540c\u57fa\u91d1\u4e2d\u7684<strong>\u5e73\u8861\u578b\u57fa\u91d1<\/strong>\u6216<strong>\u591a\u5143\u8cc7\u7522\u57fa\u91d1<\/strong>\uff0c\u4f46\u64cd\u4f5c\u7b56\u7565\u66f4\u52a0\u5f48\u6027\u3002<\/p>\n<p><strong>4. arbitrage \u5957\u5229\u985e\u7b56\u7565<\/strong><\/p>\n<p>\u5957\u5229\u5c31\u662f\u900f\u904e\u4e00\u8cb7\u4e00\u8ce3\u4e4b\u9593\u8cfa\u53d6\u9396\u4f4f\u9ad8\u4f4e\u50f9\u5dee\uff0c\u7576\u50f9\u5dee\u6536\u6582\u6642\u5373\u53ef\u5be6\u73fe\u7372\u5229\u3002<br \/>\n\u548c\u591a\u7a7a\u5c0d\u6c96\u7684\u5dee\u5225\u5728\u65bc\uff0c\u5957\u5229\u662f\u5728\u4e0b\u55ae\u7684\u7576\u4e0b\u5c31\u53d6\u5f97\u78ba\u5b9a\u5831\u916c\uff0c\u800c\u591a\u7a7a\u5c0d\u6c96\u5247\u662f\u53ea\u662f\u505a\u51fa\u65b9\u7e23\u5224\u65b7\uff0c\u800c\u4e0d\u4e00\u5b9a\u6709\u78ba\u5b9a\u5831\u916c\uff0c<br \/>\n\u4f8b\u5982\uff1afixed income\u5957\u5229\u3001\u6ce2\u52d5\u7387\u5957\u5229\u3001\u9ad8\u983b\u4ea4\u6613\u3001\u5916\u532f\u5957\u5229(\u4e0d\u540c\u4ea4\u6613\u6240\u9593\u7684\u5831\u50f9\u5dee)<\/p>\n<p><strong>5. \u7d9c\u5408\u985e<\/strong><\/p>\n<p>\u7c21\u55ae\u4f86\u8aaa\uff0c\u5c31\u662f\u80fd\u8cfa\u9322\u7684\u65b9\u6cd5\u90fd\u505a\uff0c<br \/>\n\u77e5\u540d\u7684\u4f8b\u5982\uff1a\u6587\u85dd\u5fa9\u8208\u57fa\u91d1\u3001\u6a4b\u6c34Pure alpha\u57fa\u91d1\u3002<\/p>\n<p>\u4ee5\u4e0a\u5e7e\u7a2e\u90fd\u662f\u91cf\u5316\u985e\u7b56\u7565\uff0c\u901a\u5e38\u90fd\u6709\u8f03\u5927\u7684\u6a23\u672c\u6578\u548c\u7a69\u5b9a\u6027\uff0c<br \/>\n\u4f46\u8a31\u591a\u907f\u96aa\u57fa\u91d1\u4e26\u975e\u91cf\u5316\u7b56\u7565\uff0c\u800c\u662f\u4e3b\u89c0\u64cd\u4f5c\uff0c\u90a3\u5c31\u5f88\u770b\u64cd\u4f5c\u8005\u7684\u80fd\u529b\u8207\u7e3e\u6548\u7d00\u9304\u3002<\/p>\n<h2>Q: \u907f\u96aa\u57fa\u91d1\u901a\u5e38\u90fd\u600e\u9ebc\u8861\u91cf\u7e3e\u6548\u597d\u58de\uff1f<\/h2>\n<p><strong>A: \u901a\u5e38\u7528 sharpe ratio\u4f86\u8861\u91cf\u7e3e\u6548<\/strong><\/p>\n<p>\u4e00\u822c\u5171\u540c\u57fa\u91d1\u6703\u8ddf\u6307\u6578\u505a\u5c0d\u6bd4\uff0c\u4f46\u907f\u96aa\u57fa\u91d1\u5247\u662f\u4e0d\u4e00\u5b9a\u6703\u8ddf\u6307\u6578\u505a\u6bd4\u8f03\uff0c<br \/>\n\u7531\u65bc\u907f\u96aa\u57fa\u91d1\u7684\u64cd\u4f5c\u5df2\u7d93\u812b\u96e2\u6307\u6578\u7684\u7bc4\u7587\uff0c\u5167\u5bb9\u7269\u5305\u542b\u6709\u5927\u91cf\u591a\u7a2e\u8cc7\u7522\u6a19\u7684\u3001\u5927\u91cf\u591a\u7a7a\u9032\u51fa\u64cd\u4f5c\uff0c<br \/>\n\u56e0\u6b64\u6ce2\u52d5\u7684\u7279\u6027\u8207\u4e00\u822c\u6307\u6578\u90fd\u4e0d\u76f8\u540c\u3002<\/p>\n<p><a href=/index.html"https:\/\/\/what-sharpe-ratio\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">sharpe ratio(\u590f\u666e\u7387)<\/a>\u662f\u8861\u91cf\u627f\u53d7\u55ae\u4f4d\u6ce2\u52d5\u98a8\u96aa\u4e0b\u80fd\u5f97\u5230\u7684\u5831\u916c\uff0c<br \/>\n\u4e00\u822c\u7121\u8ad6\u662f\u8ffd\u6c42\u9ad8\u5831\u916c\uff0c\u6216\u8ffd\u6c42\u4f4e\u98a8\u96aa\u7684\u907f\u96aa\u57fa\u91d1\uff0c\u9577\u671f\u590f\u666e\u7387\u6578\u5b57\u90fd\u8981\u80fd\u52dd\u904e\u6307\u6578\u8a31\u591a\u624d\u6709\u6295\u5165\u50f9\u503c\u3002<\/p>\n<p>&nbsp;<\/p>\n<h2>Q: \u907f\u96aa\u57fa\u91d1\u5831\u916c\u7387\u5927\u6982\u662f\u591a\u5c11\uff1f<\/h2>\n<p><strong>A: \u9577\u671f\u800c\u8a00\u6de8\u503c\u5831\u916c\u7387 8%~15%(\u6536\u904e\u8cbb\u7528\u4ee5\u5f8c)\uff0c\u4e0d\u5927\u53ef\u80fd\u66f4\u9ad8<\/strong><\/p>\n<p>\u907f\u96aa\u57fa\u91d1\u4e00\u822c\u8cbb\u7528\u5305\u542b\u6bcf\u5e74\u7ba1\u7406\u8cbb2%\u3001\u7e3e\u6548\u734e\u91d120% (\u5404\u5bb6\u898f\u5b9a\u4e0d\u540c)\uff0c<br \/>\n\u56e0\u6b64\u6536\u8cbb\u4e4b\u524d\u5e74\u5316\u5831\u916c\u7387\u4e00\u822c\u80fd\u523020%\u4ee5\u4e0a\u5c31\u5f88\u5f37\u4e86\uff0c\u9019\u4e5f\u8981\u8003\u616e\u98a8\u96aa\u63a7\u5236\u7a0b\u5ea6\uff0c<br \/>\n\u6ce2\u52d5\u5927\u5c0f\u63a7\u5236\u7684\u8d8a\u56b4\u683c\u7684\u907f\u96aa\u57fa\u91d1\uff0c\u5831\u916c\u7387\u5c31\u5f88\u96e3\u5f80\u4e0a\u62c9\u3002<\/p>\n<p>\u6240\u4ee5\u6536\u53d6\u7e3e\u6548\u734e\u91d1\u5f8c\uff0c\u5927\u6982\u6295\u8cc7\u4eba\u5be6\u969b\u62ff\u5230\u7684\u7bc4\u570d\u5c31\u662f8%~15%\u3002<\/p>\n<p>\u50cf\u5df4\u514b\u840a\u907f\u96aa\u57fa\u91d1\u6307\u6578\uff0c\u9577\u671f\u5e74\u5316\u5831\u916c\u7387\u5e73\u5747\u503c\u662f8%~10%\uff0c<br \/>\n\u4f46\u5be6\u969b\u4e0a\u662f\u907f\u96aa\u57fa\u91d1\u7684\u9818\u57df\u662f\u5f37\u7684\u5f88\u5f37\u3001\u5f31\u7684\u5f88\u5f31\uff0c\u8ddf\u5171\u540c\u57fa\u91d1\u4e0d\u540c\uff0c\u4e26\u4e0d\u662f\u6bcf\u4e00\u6a94\u907f\u96aa\u57fa\u91d1\u90fd\u843d\u5728\u5e73\u5747\u503c\u9644\u8fd1\u3002<\/p>\n<p>&nbsp;<\/p>\n<h2>Q: \u907f\u96aa\u57fa\u91d1\u5831\u916c\u7387\u7a69\u5b9a\u55ce\uff1f<\/h2>\n<p><strong>A: \u4e0d\u4e00\u5b9a\uff0c\u8981\u770b\u57f7\u884c\u7b56\u7565\u7684\u985e\u578b\u800c\u5b9a<\/strong><\/p>\n<p>\u6bcf\u7a2e\u7b56\u7565\u90fd\u6709\u5b83\u5929\u751f\u7684\u7279\u6027\u548c\u9650\u5236\uff0c\u4f8b\u5982\uff1a<\/p>\n<p>\u591a\u7a7a\u5c0d\u6c96\u7b56\u7565(long\/short)\uff0c\u4e0d\u5206\u591a\u7a7a\u982d\u5e74\u5ea6\uff0c\u5831\u916c\u90fd\u6703\u76f8\u5c0d\u7a69\u5b9a\uff0c<br \/>\n\u7531\u65bc\u9700\u6c42\u8cc7\u91d1\u5927\u3001\u591a\u7a7a\u982d\u90e8\u4f4d\u90fd\u6709\uff0c\u9577\u671f\u5e74\u5316\u5831\u916c\u4e0d\u53ef\u80fd\u8d85\u904e20%\uff0c\u56e0\u70ba\u4e0d\u4e00\u5b9a\u6703\u591a\u7a7a\u90e8\u4f4d\u90fd\u540c\u6642\u8cfa\u9322\u3002<\/p>\n<p>\u505a\u591a\u7b56\u7565(long-only)\uff0c\u505a\u8cc7\u7522\u914d\u7f6e\u76f8\u5c0d\u4f86\u8aaa\u4e0d\u5bb9\u6613\u6bcf\u5e74\u90fd\u7372\u5229\uff0c\u5728\u7a7a\u982d\u5e74\u5ea6\u53ef\u80fd\u6703\u6709\u8667\u640d\u3002<\/p>\n<p>&nbsp;<\/p>\n<h2>Q: \u53f0\u7063\u4eba\u5f88\u559c\u6b61\u8cb7\u914d\u606f\u57fa\u91d1\uff0c\u907f\u96aa\u57fa\u91d1\u6709\u53ef\u80fd\u6708\u914d\u606f\u55ce\uff1f<\/h2>\n<p><strong>A: \u770b\u7b56\u7565\u800c\u5b9a\uff0c\u77ed\u7dda\u5957\u5229\u985e\u6216\u9ad8\u983b\u4ea4\u6613\u985e\u624d\u6709\u53ef\u80fd\u505a\u5230\u6708\u914d\u606f<\/strong><\/p>\n<p>\u4e2d\u9577\u7dda\u7b56\u7565\uff0c\u5c31\u4e0d\u53ef\u80fd\u6708\u914d\u606f\u3002<br \/>\n\u53ea\u6709\u77ed\u7dda\u6216\u9ad8\u983b\u4ea4\u6613\uff0c\u7531\u65bc\u77ed\u671f\u5167\u6709\u6bd4\u8f03\u5927\u7684\u6a23\u672c\u6578\uff0c\u56e0\u6b64\u7372\u5229\u6703\u6bd4\u8f03\u7a69\u5b9a\uff0c\u80fd\u505a\u5230\u6708\u914d\u606f\u3002<\/p>\n<p>\u914d\u606f\u53ea\u662f\u628a\u7372\u5229\u62ff\u56de\u4f86\uff0c\u5176\u5be6\u5982\u679c\u80fd<strong>\u518d\u6295\u8cc7<\/strong>\uff0c\u90a3\u5c31\u80fd\u986f\u8457\u62c9\u9ad8\u5e74\u5ea6\u7684\u5831\u916c\u7387\uff0c\u56e0\u70ba\u7b49\u65bc\u662f\u7528\u66f4\u77ed\u7684\u983b\u7387\u53bb\u8907\u5229\u3002<\/p>\n<p>&nbsp;<\/p>\n<h2>Q: \u907f\u96aa\u57fa\u91d1\u9589\u9396\u671f\u901a\u5e38\u90fd\u591a\u9577\uff1f\u4e00\u5b9a\u6709\u9589\u9396\u671f\u55ce\uff1f<\/h2>\n<p><strong>A: \u4e00\u5b9a\u6703\u6709\u9589\u9396\u671f\uff0c\u6642\u9593\u9577\u5ea6\u6839\u64da\u7b56\u7565\u985e\u578b\u800c\u5b9a\uff0c\u5927\u591a\u90fd\u662f\u4e00\u5b63\u6216\u4e00\u5e74\u3002<\/strong><\/p>\n<p>\u9589\u9396\u671f\u7684\u610f\u7fa9\u5728\u65bc\uff0c\u8b93\u6295\u8cc7\u7b56\u7565\u80fd\u5920\u6709\u8db3\u5920\u7684\u6642\u9593\u5be6\u73fe\u671f\u671b\u7684\u5831\u916c\uff0c<br \/>\n\u4e5f\u907f\u514d\u6295\u8cc7\u4eba\u5728\u77ed\u671f\u5167\u4e0d\u7406\u6027\u7684\u5feb\u901f\u8d16\u56de\u56e0\u800c\u767c\u751f\u4e0d\u5fc5\u8981\u7684\u640d\u5931\uff0c<\/p>\n<p>\u6240\u4ee5\u9589\u9396\u671f\u9577\u5ea6\uff0c\u4e5f\u662f\u6839\u64da\u7b56\u7565\u800c\u5b9a\uff0c<br \/>\n\u8d8a\u77ed\u7dda\u7684\u7b56\u7565\u5728\u77ed\u671f\u5167\u6703\u6709\u8f03\u5927\u7684\u4ea4\u6613\u6b21\u6578\u3001\u6a23\u672c\u6578\u5927\u5c31\u5bb9\u6613\u77ed\u671f\u5167\u5be6\u73fe\u671f\u671b\u5831\u916c\uff0c\u4f46\u9019\u985e\u7b56\u7565\u901a\u5e38\u5229\u6f64\u4e5f\u4f4e\u3002\u53cd\u4e4b\u9577\u7dda\u7684\u7b56\u7565\uff0c\u901a\u5e38\u9589\u9396\u671f\u4e5f\u6703\u6bd4\u8f03\u9577\u3002<\/p>\n<p>&nbsp;<\/p>\n<h2>Q: \u907f\u96aa\u57fa\u91d1\u70ba\u4ec0\u9ebc\u4e00\u822c\u4eba\u5f88\u96e3\u6295\uff1f<\/h2>\n<p><strong>A: \u4e00\u662f\u8cc7\u91d1\u8981\u6c42\u8f03\u5927\uff0c\u4e8c\u662f\u8a31\u591a\u57fa\u91d1\u6703\u5c01\u9589<\/strong><\/p>\n<p>\u4e00\u662f\u4e00\u822c\u81ea\u7136\u4eba\u7684\u8cc7\u91d1\u90fd\u592a\u5c0f\u4e0d\u80fd\u6536\uff0c\u7ba1\u7406\u904b\u7528\u4e0a\u592a\u9ebb\u7169\uff0c\u4f8b\u5982\u4e00\u55ae\u4f4d\u53f0\u5e631000\u842c\u6216100\u842c\u7f8e\u91d1\u90fd\u7b97\u662f\u5f88\u57fa\u672c\u7684\u9580\u6abb\u3002<\/p>\n<p>\u4e8c\u662f\u8a31\u591a\u57fa\u91d1\u90fd\u6709<strong>\u7b56\u7565\u672c\u8eab\u7684\u8cc7\u91d1\u5bb9\u7d0d\u4e0a\u9650<\/strong>\uff0c\u4e00\u5957\u7b56\u7565\u6703\u56e0\u70ba\u6d41\u52d5\u6027\u56e0\u7d20\uff0c\u6709\u6700\u5927\u6295\u5165\u8cc7\u91d1\u7684\u9580\u6abb\uff0c\u7576\u91d1\u984d\u8d85\u904e\u9580\u6abb\u5f88\u53ef\u80fd\u5c31\u6703\u7121\u6cd5\u9806\u5229\u6210\u4ea4\u6216\u8005\u5831\u916c\u7387\u6703\u4e0b\u964d\u3002<\/p>\n<p>\u5982\u679c\u8cc7\u91d1\u6eff\u4e86\uff0c\u57fa\u91d1\u5c31\u6703\u5c01\u9589\u3001\u4e0d\u518d\u6536\u65b0\u7684\u8cc7\u91d1\u3002\u9664\u975e\u5176\u4e2d\u6709\u6295\u8cc7\u4eba\u8d16\u56de\uff0c\u57fa\u91d1\u624d\u6703\u518d\u6b21\u958b\u653e\u3002<\/p>\n<p>&nbsp;<\/p>\n<h2>Q: \u8001\u724c\u7684\u907f\u96aa\u57fa\u91d1\u6703\u6bd4\u8f03\u597d\u55ce\uff1f\u65b0\u7684\u5462\uff1f<\/h2>\n<p><strong>A: \u4e0d\u4e00\u5b9a\uff0c\u6240\u6709\u7684\u907f\u96aa\u57fa\u91d1\u7684\u8d85\u984d\u5831\u916c\u90fd\u6703\u96a8\u6642\u9593\u905e\u6e1b\uff0c\u6240\u4ee5\u8981\u8207\u6642\u4ff1\u9032\uff0c\u5426\u5247\u5c31\u6703\u88ab\u6dd8\u6c70\u3002<\/strong><\/p>\n<p>\u5982\u679c\u662f\u5171\u540c\u57fa\u91d1\uff0c\u751f\u5b58\u7684\u6bd4\u8f03\u4e45\u7684\u57fa\u91d1\u672c\u8eab\u53ef\u80fd\u4ee3\u8868\u5b83\u6709\u67d0\u4e9b\u512a\u52e2\uff0c\u4f46\u5728\u907f\u96aa\u57fa\u91d1\u5c31\u4e0d\u4e00\u5b9a\u3002<\/p>\n<p>\u8001\u724c\u7684\u907f\u96aa\u57fa\u91d1\uff0c\u6709\u53ef\u80fd\u7e3e\u6548\u4e0d\u932f\uff0c\u4f46\u4e5f\u6709\u53ef\u80fd\u57fa\u91d1\u7684\u8d85\u984d\u5831\u916c\u958b\u59cb\u8870\u9000\u4e0d\u5982\u7576\u5e74\uff0c\u6216\u8005\u5df2\u7d93\u5c01\u9589\u8cb7\u4e0d\u5230\u3002<\/p>\n<p>\u65b0\u7684\u907f\u96aa\u57fa\u91d1\uff0c\u512a\u9ede\u662f\u6709\u53ef\u80fd\u8d85\u984d\u5831\u916c\u8f03\u9ad8\uff0c\u56e0\u70ba\u4f7f\u7528\u7684\u7b56\u7565\u53ef\u80fd\u5728\u5e02\u5834\u4e0a\u9084\u6c92\u51fa\u73fe\u904e\uff0c\u7f3a\u9ede\u662f\u6c92\u6709\u6b77\u53f2\u7d00\u9304\uff0c\u53ea\u80fd\u770b\u5230\u56de\u6e2c\u7e3e\u6548\u6216\u8f03\u77ed\u671f\u7684\u7e3e\u6548\u3002<\/p>\n<p>&nbsp;<\/p>\n<h2>Q: \u5982\u679c\u57fa\u91d1\u5be6\u969b\u7e3e\u6548\u671f\u9593\u5f88\u77ed\uff0c\u5f9e\u56de\u6e2c\u7e3e\u6548\u53ef\u4ee5\u600e\u9ebc\u5224\u65b7\uff1f<\/h2>\n<p><strong>A: \u6839\u64da\u7b56\u7565\u7684\u4ea4\u6613\u983b\u7387\u6c7a\u5b9a\u8981\u770b\u591a\u4e45\u7684\u5be6\u55ae\u7e3e\u6548<\/strong><\/p>\n<p>\u4ee5\u91cf\u5316\u7b56\u7565\u4f86\u8aaa\uff0c\u53ef\u4ee5\u6839\u64da\u983b\u7387\u6c7a\u5b9a\uff0c\u6c7a\u7b56\u6578\u8981\u5920\u591a\u624d\u6709\u7d71\u8a08\u4e0a\u610f\u7fa9\uff0c<br \/>\n\u5efa\u8b70\u628a\u4efb\u4f55\u56de\u6e2c\u90fd\u7576\u6210\u53c3\u8003\u5c31\u597d\uff0c\u770b\u5be6\u969b\u7e3e\u6548\u8ddf\u56de\u6e2c\u662f\u5426\u7b26\u5408\u624d\u662f\u91cd\u9ede\u3002<\/p>\n<p>\u4f8b\u5982\uff1a\u9577\u7dda\u7b56\u7565\uff0c\u5be6\u55ae\u7e3e\u6548\u5c31\u8981\u8f03\u9577\uff0c\u9ad8\u983b\u7387\u7684\u4ea4\u6613\u5c31\u6bd4\u8f03\u77ed\uff0c<br \/>\n\u77ed\u7dda\u4e0a\u81f3\u5c11\u8981\u770b\u4e0a\u767e\u6b21\u5be6\u969b\u4ea4\u6613\u6210\u679c\uff0c\u9577\u7dda\u5247\u662f\u81f3\u5c1120\u6b21\u4ee5\u4e0a\u7684\u6c7a\u7b56\u6b21\u6578\uff0c<br \/>\n\u597d\u7684\u57fa\u91d1\u56de\u6e2c\u7e3e\u6548\u5c0d\u6bd4\u5be6\u969b\u7e3e\u6548\u61c9\u8a72\u8981\u5dee\u4e0d\u591a(\u4f8b\u5982\uff1a\u5831\u916c\u3001\u6ce2\u52d5\u7a0b\u5ea6\u6703\u548c\u904e\u53bb\u985e\u4f3c)\u3002<\/p>\n<p>&nbsp;<\/p>\n<h2>Q: \u5982\u4f55\u907f\u514d\u9078\u5230\u7e3e\u6548\u4e0d\u597d\u7684\u907f\u96aa\u57fa\u91d1\uff1f<\/h2>\n<p><strong>A: \u5f9e\u904e\u53bb\u7e3e\u6548\u7684\u8868\u73fe\u53ef\u4ee5\u5224\u65b7\uff0c\u4f46\u7576\u904e\u53bb\u770b\u8d77\u4f86\u5f88\u597d\u6642\uff0c\u5c31\u8981\u5f9e\u57fa\u91d1\u672c\u8eab\u7279\u6027\u5224\u65b7\u5b83\u7684\u98a8\u96aa<\/strong><\/p>\n<p><strong>\u505a\u591a\u7b56\u7565long-only<\/strong>\uff1a\u9047\u5230\u4e00\u5929\u5167\u5927\u8dcc\u6703\u6709\u5f71\u97ff\uff0c\u4f46\u6709\u505a\u597d\u8cc7\u7522\u914d\u7f6e\uff0c\u5176\u5be6\u9577\u671f\u4e0d\u5bb9\u6613\u6709\u5927\u554f\u984c\u3002<\/p>\n<p><strong>\u591a\u7a7a\u5c0d\u6c96\u7b56\u7565long\/short<\/strong>\uff1a\u98a8\u96aa\u662f\u6709\u4e00\u5929\u591a\u7a7a\u56e0\u5b50\u7684\u8d85\u984d\u5229\u6f64\u6d88\u5931\uff0c\u5831\u916c\u5c31\u6703\u9010\u6b65\u4e0b\u964d\uff0c\u53e6\u5916\u9019\u985e\u7b56\u7565\u96d6\u7136\u7a69\u5b9a\u3001\u6ce2\u52d5\u4f4e\uff0c\u4f46\u5831\u916c\u901a\u5e38\u4e0d\u6703\u8d0f\u5927\u76e4\uff0c\u56e0\u70ba\u591a\u7a7a\u9700\u8981\u7528\u4e0a\u5169\u500d\u7684\u8cc7\u91d1\uff0c\u8cfa\u8ce0\u4e5f\u6703\u4e92\u76f8\u62b5\u92b7\uff0c\u5fc5\u9808\u8981\u56e0\u5b50\u5f88\u5f37\u624d\u6703\u6709\u986f\u8457\u5831\u916c\uff0c\u9019\u5c31\u770b\u57fa\u91d1\u5718\u968a\u7684\u7b56\u7565\u5be6\u529b\u3002<\/p>\n<p><strong>\u5957\u5229\u3001\u9ad8\u983b\u985e\u7b56\u7565<\/strong>\uff1a\u98a8\u96aa\u662f\u5957\u5229\u6a5f\u6703\u9010\u6f38\u6d88\u5931\uff0c\u6216\u662f\u7cfb\u7d71\u4e0d\u7a69\u5b9a\u5c31\u6703\u7522\u751f\u5de8\u5927\u50b7\u5bb3\uff0c\u904e\u53bb\u4f8b\u5982\uff1a\u9a0e\u58eb\u8cc7\u672c\uff0c\u5c31\u56e0\u70ba\u9ad8\u983b\u4ea4\u6613\u4e0b\u932f\u55ae\uff0c\u4e00\u5929\u5167\u5c31\u5012\u9589\u3002<\/p>\n<p>&nbsp;<\/p>\n<h2>Q: \u6295\u8cc7\u907f\u96aa\u57fa\u91d1\u4e4b\u524d\uff0c\u8981\u554f\u7d93\u7406\u4eba\u54ea\u4e9b\u554f\u984c\uff1f<\/h2>\n<p><strong>A: \u67094\u500b\u554f\u984c\u662f\u6295\u8cc7\u5fc5\u9808\u8981\u5148\u8a62\u554f\u7684\uff1a<\/strong><\/p>\n<p><strong>1. \u7b49\u591a\u4e45\u624d\u6709\u628a\u63e1\u6709\u78ba\u5b9a\u7684\u6b63\u5831\u916c\uff1f<\/strong><br \/>\n\u9019\u6839\u64da\u7b56\u7565\u548c\u8cc7\u7522\u985e\u578b\u800c\u5b9a\uff0c\u4f8b\u5982\uff1a\u5927\u591a\u6578\u907f\u96aa\u57fa\u91d1\uff0c\u9664\u4e86\u505a\u591a\u7b56\u7565(long-only)\u53ef\u4ee5\u4e45\u4e00\u9ede\u4ee5\u5916\uff0c\u5176\u4ed6\u61c9\u8a72\u8981\u5e74\u5e74\u6b63\u5831\u916c\u624d\u53ca\u683c\u3002<\/p>\n<p><strong>2. \u904e\u7a0b\u6700\u5927\u56de\u6a94MDD\u662f\u591a\u5c11\uff1f<\/strong><br \/>\n<a href=/index.html"https:\/\/\/max-drawdown-mdd\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">MDD(Max Drawdown\u6700\u5927\u56de\u843d)<\/a>\uff0c\u610f\u601d\u662f\u5f9e\u4efb\u610f\u7e3e\u6548\u6700\u9ad8\u9ede\u5230\u6700\u4f4e\u9ede\u4e4b\u9593\u7684\u56de\u843d\u7a0b\u5ea6\uff0c\u4ee3\u8868\u4f60\u5728\u4efb\u4e00\u6642\u9593\u6295\u5165\uff0c\u6b77\u53f2\u4e0a\u6703\u9047\u5230\u6700\u5927\u7684\u56de\u6a94\u662f\u591a\u5c11\u3002<\/p>\n<p><strong>3. \u9577\u671f<a href=/index.html"https:\/\/\/return-of-investment\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u5e74\u5316\u5831\u916c\u7387<\/a>\u662f\u591a\u5c11\uff1f<br \/>\n<\/strong>\u8981\u6ce8\u610f\u7684\u662f\uff0c\u6295\u8cc7\u907f\u96aa\u57fa\u91d1\uff0c\u4e26\u975e\u5831\u916c\u7387\u8d8a\u9ad8\u8d8a\u597d\uff0c\u61c9\u8a72\u770b\u5b83\u7684\u98a8\u96aa\u6ce2\u52d5\u7a0b\u5ea6\uff0c\u8207\u5c0d\u61c9\u7684\u5831\u916c\u7387\u662f\u5426\u5408\u7406\u3002\u904e\u9ad8\u5831\u916c\u7387\u7684\u7b56\u7565\u4e5f\u8981\u5c0f\u5fc3\uff0c\u5f88\u53ef\u80fd\u7e3e\u6548\u7684\u6642\u9593\u592a\u77ed\uff0c\u6216\u8005\u6295\u8cc7\u7d44\u5408\u627f\u64d4\u4e86\u67d0\u4e9b\u672a\u77e5\u7684\u98a8\u96aa\u3002<\/p>\n<p><strong>4. \u5831\u916c\u7684\u4f86\u6e90\u662f\u4ec0\u9ebc\uff1f\u70ba\u4ec0\u9ebc\u9019\u7b56\u7565\u6709\u9019\u6a23\u7684\u5831\u916c\uff1f<\/strong><br \/>\n\u96d6\u7136\u4e0d\u6703\u8ac7\u5230\u7b56\u7565\u7d30\u7bc0\uff0c\u4f46\u9084\u662f\u8981\u807d\u807d\u770b\u5831\u916c\u4f86\u6e90\u662f\u5426\u5408\u7406\u3002\u56e0\u70ba\u5728\u8d85\u984d\u5831\u916c\u7684\u4e16\u754c\u6295\u8cc7\u5c31\u662f\u4e00\u5834\u7af6\u6280\uff0c\u60f3\u5f9e\u5176\u4ed6\u6295\u8cc7\u4eba\u624b\u4e2d\u8cfa\u5230\u5229\u6f64\uff0c\u5fc5\u7136\u8981\u6709\u4e9b\u904e\u4eba\u4e4b\u8655\u3002<\/p>\n<p>&nbsp;<\/p>\n<h2>Q: \u907f\u96aa\u57fa\u91d1\u7ba1\u7406\u8cbb\u6703\u6bd4\u5171\u540c\u57fa\u91d1\u9ad8\uff1f<\/h2>\n<p><strong>A: \u5c0d\uff0c\u4e00\u5b9a\u6703\u6bd4\u8f03\u9ad8<\/strong><\/p>\n<p>\u56e0\u70ba\u907f\u96aa\u57fa\u91d1\u672c\u8eab\u71df\u904b\u4e5f\u9700\u8981\u6210\u672c\uff0c\u5305\u542b\u8cfc\u8cb7\u8cc7\u6599\u3001\u5efa\u7acb\u7cfb\u7d71\uff0c\u4ee5\u53ca\u4eba\u624d\u8058\u50f1\u6210\u672c\u3002<\/p>\n<p>\u4eba\u7684\u90e8\u4efd\u662f\u95dc\u9375\uff0c\u7562\u7adf\u62ff\u9999\u8549\u53ea\u80fd\u8acb\u5230\u7334\u5b50\uff0c<\/p>\n<p>\u6587\u85dd\u5fa9\u8208\u57fa\u91d1\u8cbb\u7528\u662f\u7ba1\u7406\u8cbb5%\uff0c\u7e3e\u6548\u734e\u91d144%\uff0c\u4f46\u4ed6\u5011\u64cd\u4f5c\u7e3e\u6548\u5f88\u9a5a\u4eba\u3002<br \/>\n\u9019\u9ede\u8ddf\u5171\u540c\u57fa\u91d1\u7684\u72c0\u6cc1\u525b\u597d\u76f8\u53cd\uff0c\u5927\u591a\u6642\u5019\u5171\u540c\u57fa\u91d1\u8cbb\u7528\u90fd\u662f\u8d8a\u4f4e\u8d8a\u597d\u3002<\/p>\n<p>&nbsp;<\/p>\n<h2>Q: \u5f9e\u907f\u96aa\u57fa\u91d1\u7d93\u7406\u4eba\u7684\u89d2\u5ea6\uff0c\u4f60\u600e\u9ebc\u770b\u5171\u540c\u57fa\u91d1\uff1f<\/h2>\n<p><strong>A: \u5171\u540c\u57fa\u91d1\u7684\u5148\u5929\u9650\u5236\u6bd4\u8f03\u591a\uff0c\u4e5f\u5c0e\u81f4\u5b83\u6bd4\u8f03\u96e3\u5e6b\u6295\u8cc7\u4eba\u5275\u9020\u597d\u7e3e\u6548\uff1a<\/strong><\/p>\n<p><strong>1. \u5171\u540c\u57fa\u91d1\u5728\u610f\u76f8\u5c0d\u6392\u540d\u800c\u4e0d\u662f\u7d55\u5c0d\u5831\u916c<\/strong><br \/>\n\u4f46\u6392\u540d\u90fd\u770b\u77ed\u671f\uff0c\u6240\u4ee5\u901a\u5e38\u57fa\u91d1\u7684Beta\u6703\u5f88\u5927\uff0c\u4f8b\u5982\uff1a\u591a\u982d\u6642\u7279\u5225\u597d\uff0c\u6216\u7522\u696d\u525b\u597d\u8f2a\u52d5\u5230\u4ed6\uff0c\u4ed6\u5c31\u6709\u6a5f\u6703\u6392\u5230\u524d\u5e7e\u540d\u3002\u4f46\u9019\u4e0d\u4ee3\u8868\u5b83\u9577\u671f\u6703\u6bd4\u8f03\u597d\u3002<\/p>\n<p><strong>2. \u7d93\u7406\u4eba\u734e\u52f5\u6a5f\u5236\uff0c\u6392\u5230\u524d\u9762\u4ed6\u624d\u6709\u734e\u91d1\uff0c\u6703\u9f13\u52f5\u885d\u77ed\u671f<\/strong><br \/>\n\u56e0\u70ba\u6392\u540d\u5176\u5be6\u4e26\u4e0d\u8981\u6c42\u4ed6\u9577\u671f\u4e00\u76f4\u5728\u524d\u9762\uff0c\u6240\u4ee5\u5927\u5bb6\u56e0\u6b64\u6709\u8a98\u56e0\u885d\u77ed\u671f\uff0c\u597d\u7684\u7d93\u7406\u4eba\u5728\u9019\u7a2e\u898f\u5247\u4e0b\u4e5f\u8b8a\u4e0d\u597d\u7684\u3002<\/p>\n<p><strong>3. \u57fa\u91d1\u901a\u5e38\u77ed\u547d\uff0c\u7e3e\u6548\u4e0d\u597d\u5c31\u95dc<\/strong><\/p>\n<p><strong>4. \u5171\u540c\u57fa\u91d1\u5c0d\u65bc\u7d93\u7406\u4eba\u5f85\u9047\u592a\u4f4e<\/strong><br \/>\n\u597d\u4eba\u624d\u5f88\u96e3\u7559\u4f4f\uff0c\u6709\u5be6\u529b\u7684\u90fd\u5f80\u79c1\u52df\u8d70\uff0c\u624d\u6703\u5f97\u5230\u6bd4\u8f03\u597d\u7684\u5f85\u9047\u3002<\/p>\n<p><strong>5. \u5171\u540c\u57fa\u91d1\u548c\u6295\u8cc7\u4eba\u5229\u76ca\u4e0d\u4e00\u81f4<\/strong><br \/>\n\u56e0\u70ba\u4ed6\u5011\u6210\u6548\u53ea\u770b\u7ba1\u7406\u8cbb\uff0c\u800c\u4e14\u7d93\u7406\u4eba\u85aa\u6c34\u4e5f\u4f4e\uff0c\u56e0\u6b64\u53ef\u80fd\u6709\u4e9b\u6703\u7528\u6295\u8cc7\u4eba\u7684\u8cc7\u91d1\u8cb7\u9032\u4e0d\u597d\u7684\u6a19\u7684\u9019\u985e\u554f\u984c\u3002<\/p>\n<p>&nbsp;<\/p>\n<h2>Q: \u5927\u90e8\u5206\u7684\u4eba\u5c0d\u907f\u96aa\u57fa\u91d1\u6703\u6709\u54ea\u4e9b\u8aa4\u89e3\uff1f<\/h2>\n<p><strong>A: \u5e38\u898b\u8aa4\u89e3\u6709\u5e7e\u9ede\uff1a<\/strong><\/p>\n<p><strong>1. \u54e1\u5de5\u3001\u7814\u7a76\u54e1\u8d8a\u591a\u8d8a\u597d?<\/strong><br \/>\nNO\uff0c\u907f\u96aa\u57fa\u91d1\u6c92\u6709\u4eba\u6578\u898f\u6a21\u6548\u61c9\uff0c\u4e00\u5169\u500b\u95dc\u9375\u7684\u7d93\u7406\u4eba\u5c31\u6c7a\u5b9a\u6210\u6557\u3002<\/p>\n<p><strong>2. \u907f\u96aa\u57fa\u91d1\u8cc7\u91d1\u898f\u6a21\u8d8a\u5927\u8d8a\u597d?<\/strong><br \/>\nNO\uff0c\u8cc7\u91d1\u8d8a\u5927\uff0c\u8d85\u984d\u5831\u916c\u6703\u905e\u6e1b\uff0c\u6240\u4ee5\u5230\u4e00\u500b\u898f\u6a21\u5f8c\u57fa\u91d1\u901a\u5e38\u6703\u5c01\u9589\u4e0d\u6536\u65b0\u8cc7\u91d1\u3002<\/p>\n<p>\u4ee5\u5df4\u83f2\u7279\u7684\u6ce2\u514b\u590f\u70ba\u4f8b\uff0c\u8cc7\u91d1\u5df2\u7d93\u904e\u65bc\u5de8\u5927\uff0c\u8981\u6230\u52dd\u5927\u76e4\u6307\u6578\u5c31\u5f88\u56f0\u96e3\u3002<\/p>\n<p><strong>3. \u907f\u96aa\u57fa\u91d1\u6b77\u53f2\u8d8a\u4e45\u7e3e\u6548\u8d8a\u597d?<\/strong><br \/>\n\u4e0d\u4e00\u5b9a\uff0c\u6b77\u53f2\u7e3e\u6548\u4e0d\u4e00\u5b9a\u8d8a\u597d\uff0c\u4f46\u4e45\u4e00\u9ede\u901a\u5e38\u4e0d\u6703\u592a\u5dee\u3002<br \/>\n\u5982\u679c\u662f\u5171\u540c\u57fa\u91d1\uff0c\u6b77\u53f2\u60a0\u4e45\u7684\u901a\u5e38\u4e0d\u6703\u592a\u5dee\uff0c\u540c\u6a23\u4e5f\u4e0d\u4e00\u5b9a\u8d8a\u597d\u3002<\/p>\n<p><strong>4. \u4f7f\u7528\u7684\u7b56\u7565\u8d8a\u591a\u8d8a\u597d\u55ce\uff1f<\/strong><br \/>\n\u4e0d\u4e00\u5b9a\uff0c\u95dc\u9375\u662f\u770b\u7b56\u7565\u7684(\u672a\u4f86)\u6709\u6548\u6027\u3001\u4e92\u88dc\u6027\u3001\u6301\u7e8c\u6027\uff0c<br \/>\n\u6700\u4f4e\u8981\u6709\u4e00\u5b9a\u7684\u6578\u91cf\uff0c\u4e92\u88dc\u6027\u6703\u6bd4\u8f03\u597d\u8b93\u7e3e\u6548\u66f4\u7a69\u5b9a\uff0c\u4f46\u4e0d\u662f\u8d8a\u591a\u8d8a\u597d\uff0c<br \/>\n\u5982\u679c\u6709\u4eba\u5ba3\u7a31\u6709\u5e7e\u5343\u5e7e\u842c\u500b\u7b56\u7565\uff0c\u4e0d\u4e00\u5b9a\u6bd4\u8f03\u597d\u3002<\/p>\n<p><strong>5. \u907f\u96aa\u57fa\u91d1\u5831\u916c\u8f38\u7d66\u5927\u76e4\uff1f<\/strong><br \/>\n\u907f\u96aa\u57fa\u91d1\u5982\u679c\u8ffd\u6c42\u7d55\u5c0d\u5831\u916c\uff0c\u90a3\u548c\u5927\u76e4\u6bd4\u8f03\u6c92\u6709\u610f\u7fa9\uff0c<br \/>\n\u53ea\u6709\u7d14\u64cd\u4f5c\u80a1\u7968\u505a\u591a\u7b56\u7565(long-only)\u7684\u907f\u96aa\u57fa\u91d1\u624d\u80fd\u62ff\u4f86\u8ddf\u5927\u76e4\u6bd4\uff0c<\/p>\n<p>\u6709\u4e9b\u907f\u96aa\u57fa\u91d1\u6ce2\u52d5\u53ef\u80fd\u5f88\u4f4e\uff0c\u4e26\u4e14\u8a34\u6c42\u6bcf\u5e74\u6b63\u5831\u916c\uff0c\u56e0\u6b64\u5831\u916c\u7387\u4e0d\u4e00\u5b9a\u8d0f\u5927\u76e4\u3002<br \/>\n\u4f46\u5927\u76e4\u6703\u6709\u67d0\u4e00\u5e74\u5d29\u76e4\u6975\u5dee\uff0c\u6b64\u6642\u9019\u985e\u907f\u96aa\u57fa\u91d1\u53ef\u80fd\u5b8c\u5168\u4e0d\u53d7\u5f71\u97ff\u3002<br \/>\n\u4f8b\u5982\uff1a\u591a\u7a7a\u5c0d\u6c96\u7b56\u7565(long\/short)\u4e0d\u4e00\u5b9a\u6703\u8d0f\u5927\u76e4\uff0c\u5927\u591a\u6642\u5019\u6703\u8f38\uff0c\u4f46\u7a69\u5b9a\u3001sharpe ratio\u9ad8\u3001\u7a7a\u982d\u5e02\u5834\u4e5f\u53ef\u80fd\u6709\u597d\u7684\u5831\u916c\u3002<\/p>\n<p>\u4e5f\u6709\u5c08\u9580\u8ffd\u6c42\u9ad8\u5831\u916c\u7387\u7684\u907f\u96aa\u57fa\u91d1\uff0c\u4f46\u6ce2\u52d5\u5c31\u5f88\u5927\uff0c\u4e5f\u53ef\u80fd\u6703\u6709\u5e74\u8667\u3002<br \/>\n\u9ad8\u5831\u916c\u548c\u4f4e\u6ce2\u52d5\u4f60\u901a\u5e38\u53ea\u80fd\u9078\u4e00\u500b\u3002<\/p>\n<p><strong>6. \u907f\u96aa\u57fa\u91d1\u8981\u96c6\u4e2d\u6295\u8cc7\u55ce\uff1f<\/strong><br \/>\n\u5206\u6563\u6703\u6bd4\u8f03\u597d\uff0c\u524d\u63d0\u662f\u5982\u679c\u8cc7\u91d1\u5920\u3001\u4e14\u80fd\u5206\u8fa8\uff0c<br \/>\n\u4e0d\u540c\u7684\u907f\u96aa\u57fa\u91d1\u7b56\u7565\u53ef\u80fd\u5b8c\u5168\u4e0d\u540c\uff0c\u80fd\u63d0\u4f9b\u4e0d\u4e00\u6a23\u7684\u5831\u916c\u8d70\u52e2\uff0c<br \/>\n\u56e0\u6b64\u5206\u6563\u5728\u4e0d\u540c\u5730\u65b9\u6642\uff0c\u53ef\u4ee5\u8b93\u7e3d\u8cc7\u7522\u6210\u9577\u66f4\u52a0\u5e73\u7a69\u3002<\/p>\n<p>&nbsp;<\/p>\n<h2>\u5e02\u5834\u5148\u751f\u7e3d\u7d50\u5fc3\u5f97\uff1a<\/h2>\n<p>\u90a3\u5929\u804a\u5b8c\u4e4b\u5f8c\u6211\u6536\u7a6b\u5f88\u5927\uff0c<br \/>\n\u611f\u53d7\u5230\u4ed6\u9019\u7a2e\u91cf\u5316\u7b56\u7565\u7684\u907f\u96aa\u57fa\u91d1\u662f\u6280\u8853\u9580\u6abb\u5f88\u9ad8\u7684\u5de5\u4f5c\uff0c<br \/>\n\u4e00\u822c\u4eba\u7121\u8ad6\u662f\u5728\u6578\u64da\u3001\u7814\u7a76\u3001\u8cc7\u91d1\uff0c\u90fd\u5f88\u96e3\u505a\u5230\u985e\u4f3c\u7684\u7a0b\u5ea6\uff0c<br \/>\n\u7136\u800c\u9019\u4e16\u754c\u4e0a\u50cf\u4ed6\u5011\u9019\u6a23\u7684\u8cc7\u91d1\u7ba1\u7406\u8005\u4e5f\u9084\u6709\u5f88\u591a\uff0c\u7af6\u722d\u4e5f\u5f88\u6fc0\u70c8\u3002<\/p>\n<p>\u5c0d\u9ad8\u8cc7\u7522\u4eba\u58eb\u4f86\u8aaa\uff0c\u907f\u96aa\u57fa\u91d1\u4e5f\u53ea\u662f\u773e\u591a\u8cc7\u7522\u914d\u7f6e\u7684\u5176\u4e2d\u4e00\u90e8\u5206\u800c\u5df2\uff0c<br \/>\n\u4ed8\u51fa\u4e00\u90e8\u5206\u8cbb\u7528\u8b93\u5c08\u696d\u4eba\u58eb\u4f86\u7ba1\u7406\u4e26\u4e14\u6709\u6548\u63a7\u7ba1\u98a8\u96aa\uff0c\u5176\u5be6\u662f\u5f88\u6709\u6548\u76ca\u7684\u4e8b\u3002<\/p>\n<p>\u800c\u5c0d\u5927\u591a\u6578\u4eba\u4e00\u822c\u4eba\u4f86\u8aaa\uff0c<br \/>\n\u7562\u7adf\u8a31\u591a\u4eba\u7684\u8cc7\u91d1\u4e5f\u4e0d\u8db3\u4ee5\u6295\u5165\u907f\u96aa\u57fa\u91d1\uff0c<br \/>\n\u9078\u64c7\u7684\u6295\u8cc7\u5de5\u5177\u548c\u65b9\u6cd5\u771f\u7684\u662f\u7c21\u55ae\u5c31\u597d\uff0c<br \/>\n\u56e0\u70ba\u6563\u6236\u7684\u8cc7\u8a0a\u843d\u5dee\u8207\u60c5\u7dd2\u5728\u9019\u4e9b\u5c08\u696d\u6a5f\u69cb\u773c\u4e2d\u5176\u5be6\u8ddf\u63d0\u6b3e\u6a5f\u6c92\u4ec0\u9ebc\u5169\u6a23\uff0c<\/p>\n<p>\u907f\u96aa\u57fa\u91d1\u5c31\u8ac7\u5230\u9019\u88e1\uff0c\u9019\u662f\u500b\u5f88\u6709\u8da3\u7684\u8b70\u984c\uff0c<br \/>\n\u672a\u4f86\u5982\u679c\u6709\u5176\u4ed6\u65b0\u8cc7\u8a0a\u6216QA\u4e5f\u6703\u9678\u7e8c\u66f4\u65b0\u5230\u9019\u7bc7\u6587\u7ae0\u4e2d\uff0c<br \/>\n\u5982\u679c\u4f60\u6709\u5176\u4ed6\u95dc\u65bc\u907f\u96aa\u57fa\u91d1\u7684\u554f\u984c\uff0c<br \/>\n\u53ef\u4ee5Line\u8a62\u554f\u6216\u662f\u5beb\u4fe1\u5230\u6211\u7684email\u4fe1\u7bb1\uff1amrmarketjam@gmail.com\u3002<\/p>\n<p>\u984d\u5916\u5206\u4eab\u5e7e\u7bc7\u6587\u7ae0\uff1a<\/p>\n<p>1.\u00a0<a href=/index.html"https:\/\/\/fund-cnyes-mrmarket\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u57fa\u91d1\u958b\u6236\u300b\u6700\u65b0\u624b\u7e8c\u8cbb\u512a\u60e0\u63a8\u85a6<\/a><\/p>\n<p>2.\u00a0<a href=/index.html"https:\/\/\/fund-cnyes-mrmarket\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u53f0\u80a1\u80a1\u7968\/ETF\u300b\u6700\u65b0\u958b\u6236\u5238\u5546\u512a\u60e0\u63a8\u85a6<\/a><\/p>\n<p>3.\u00a0<a href=/index.html"https:\/\/\/us-stocks-broker-choose\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u7f8e\u80a1\/\u5168\u7403ETF\u300b\u6700\u65b0\u958b\u6236\u5238\u5546\u6bd4\u8f03<\/a><\/p>\n<p>4.\u00a0<a href=/index.html"https:\/\/\/fund-stop-loss\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u6295\u8cc7\u57fa\u91d1\u8667\u640d\u4e86\u5982\u4f55\u5224\u65b7\u662f\u5426\u51fa\u5834\uff1f<\/a><\/p>\n<p>5.\u00a0<a href=/index.html"https:\/\/\/learn-fund-all\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u5b78\u7fd2\u57fa\u91d1\u5165\u9580\u65b0\u624b\u6559\u5b78\u61f6\u4eba\u5305<\/a><\/p>\n<p>6.\u00a0<a href=/index.html"https:\/\/\/credit-card-oversea\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u4fe1\u7528\u5361\u300b\u570b\u5916\u6d88\u8cbb\u6700\u5f37\u73fe\u91d1\u56de\u994b\u5361\u7247\u61f6\u4eba\u5305<\/a><\/p>\n<h3>\u52a0\u5165\u5e02\u5834\u5148\u751fFB\u793e\u5718\uff0c\u5145\u5be6\u66f4\u591a\u7406\u8ca1\u597d\u77e5\u8b58<\/h3>\r\n<p>50\u6b72\u4e4b\u524d\u60f3\u9000\u4f11\u4e00\u5b9a\u8981\u61c2\u7406\u8ca1\uff0c<br \/>\u89e3\u6c7a\u6295\u8cc7\u7684\u7169\u60f1\uff01<\/p>\r\n<p><a href=/index.html"http:\/\/bit.ly\/2E7qHA3\" target=\"_blank\" rel=\"noopener nofollow\" data-wpel-link=\"external\"><img decoding=\"async\" class=\"alignnone size-full wp-image-7105\" src=/index.html"https:\/\/\/wp-content\/uploads\/20190824194922_17.gif\" alt=\"\" width=\"687\" height=\"243\" \/><\/a><\/p>\n<p><br \/><strong><span style=\"color: #ff0000;\">\u5982\u679c\u89ba\u5f97\u9019\u7bc7\u6587\u7ae0\u6709\u5e6b\u52a9\uff0c<\/span><\/strong><br \/><strong><span style=\"color: #ff0000;\">\u5e6b\u6211\u6309\u500b\u8b9a\uff0c\u5206\u4eab\u7d66\u66f4\u591a\u4eba\u770b\u5230\uff0c\u8b1d\u8b1d\uff01<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u524d\u9663\u5b50\u5e02\u5834\u5148\u751f\u8ddf\u4e00\u4f4d\u907f\u96aa\u57fa\u91d1\u7d93\u7406\u4eba\u804a\u5929\uff0c \u4ed6\u662f\u64c5\u9577\u505a\u5168\u7403\u91cf\u5316\u4ea4\u6613(quant)\u7684\u5c0d\u6c96\u985e\u7b56\u7565\u958b\u767c\uff0c \u80fd\u505a\u5230\u8ddf\u6295\u8cc7 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[142],"tags":[115,208],"table_tags":[],"modified_by":"Sammi","jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack-related-posts":[{"id":7442,"url":"https:\/\/\/what-is-hedge-funds\/","url_meta":{"origin":7760,"position":0},"title":"\u907f\u96aa\u57fa\u91d1\/\u5c0d\u6c96\u57fa\u91d1\u662f\u4ec0\u9ebc\uff1f\u600e\u9ebc\u8cb7\uff1f\u6700\u5b8c\u6574\u7684\u5c0d\u6c96\u57fa\u91d1\u6295\u8cc7\u6307\u5357","author":"Mr.Market\u5e02\u5834\u5148\u751f","date":"2019-10-21","format":false,"excerpt":"\u907f\u96aa\u57fa\u91d1\u4e5f\u53ef\u4ee5\u7ffb\u8b6f\u6210\u5c0d\u6c96\u57fa\u91d1\uff0c\u662f\u5076\u800c\u6211\u5011\u6703\u5728\u66f8\u4e0a\u6216\u96fb\u8996\u4e0a\u770b\u5230\u7684\u8a5e\uff0c \u4e4b\u524d\u5e02\u5834\u5148\u751f\u5728ETF\u7684\u7dda\u4e0a\u8ab2\u7a0b\u4e2d\u2026","rel":"","context":"\u5728\u300c\u57fa\u91d1\u6295\u8cc7\u300d\u4e2d","block_context":{"text":"\u57fa\u91d1\u6295\u8cc7","link":"https:\/\/\/category\/learn-invest\/fund-invest\/"},"img":{"alt_text":"\u5c0d\u6c96\u57fa\u91d1-\u907f\u96aa\u57fa\u91d1-\u662f\u4ec0\u9ebc","src":"https:\/\/i0.wp.com\/\/wp-content\/uploads\/20220709210216_41.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/\/wp-content\/uploads\/20220709210216_41.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/\/wp-content\/uploads\/20220709210216_41.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/\/wp-content\/uploads\/20220709210216_41.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/\/wp-content\/uploads\/20220709210216_41.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/\/wp-content\/uploads\/20220709210216_41.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":419,"url":"https:\/\/\/blog-post_3902\/","url_meta":{"origin":7760,"position":1},"title":"\u540d\u8a5e\u4ecb\u7d39\uff1a\u907f\u96aa\u57fa\u91d1 \u548c \u5171\u540c\u57fa\u91d1 \u6709\u4ec0\u9ebc\u5dee\u5225?","author":"Mr.Market\u5e02\u5834\u5148\u751f","date":"2014-07-02","format":false,"excerpt":"\u00a0 \u907f\u96aa\u57fa\u91d1(hedge fund) \u907f\u96aa\u57fa\u91d1\u7684\u57fa\u91d1\u7d93\u7406\u4eba\uff0c \u7121\u8ad6\u5728\u5546\u54c1\u3001\u7b56\u7565\uff0c\u64cd\u4f5c\u90fd\u6975\u70ba\u2026","rel":"","context":"\u5728\u300c\u6295\u8cc7\u7406\u8ca1\u5c08\u6709\u540d\u8a5e\u300d\u4e2d","block_context":{"text":"\u6295\u8cc7\u7406\u8ca1\u5c08\u6709\u540d\u8a5e","link":"https:\/\/\/category\/learn-invest\/invest-noun\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/\/wp-content\/uploads\/20171206115519_24.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/\/wp-content\/uploads\/20171206115519_24.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/\/wp-content\/uploads\/20171206115519_24.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/\/wp-content\/uploads\/20171206115519_24.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":7174,"url":"https:\/\/\/fund-currency-and-hedge\/","url_meta":{"origin":7760,"position":2},"title":"\u57fa\u91d1\u7684\u8a08\u50f9\u5e63\u5225\/\u907f\u96aa\u7d1a\u5225\u662f\u4ec0\u9ebc\uff1f\u907f\u96aa\u7d1a\u5225\u6703\u5f71\u97ff\u6295\u8cc7\u6210\u679c\u55ce\uff1f","author":"Mr.Market\u5e02\u5834\u5148\u751f","date":"2019-09-02","format":false,"excerpt":"\u4e0a\u4e00\u7bc7\u63d0\u5230\uff0c\u6295\u8cc7\u57fa\u91d1\u6642\u5982\u679c\u6295\u8cc7\u6a19\u7684\u4e0d\u662f\u53f0\u7063\uff0c \u6295\u8cc7\u7684\u5831\u916c\u7387\u6210\u679c\uff0c\u6703\u53d7\u5230\u6295\u8cc7\u5730\u5340\u7576\u5730\u532f\u7387\u7684\u5f71\u97ff\u3002 \u4f8b\u5982\u2026","rel":"","context":"\u5728\u300c\u57fa\u91d1\u6295\u8cc7\u300d\u4e2d","block_context":{"text":"\u57fa\u91d1\u6295\u8cc7","link":"https:\/\/\/category\/learn-invest\/fund-invest\/"},"img":{"alt_text":"\u8a08\u50f9\u5e63\u5225-\u907f\u96aa\u7d1a\u5225-\u662f\u4ec0\u9ebc","src":"https:\/\/i0.wp.com\/\/wp-content\/uploads\/20220710093532_25.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/\/wp-content\/uploads\/20220710093532_25.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/\/wp-content\/uploads\/20220710093532_25.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/\/wp-content\/uploads\/20220710093532_25.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/\/wp-content\/uploads\/20220710093532_25.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/\/wp-content\/uploads\/20220710093532_25.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":274,"url":"https:\/\/\/blog-post_7-3\/","url_meta":{"origin":7760,"position":3},"title":"\u300a\u83ef\u723e\u8857\u7684\u523a\u875f\u6295\u8cc7\u5ba2\u4e4b\u6295\u8cc7\u555f\u793a\u9304\u300b\u8b80\u66f8\u7b46\u8a18: \u70ba\u4ec0\u9ebc\u300c\u907f\u96aa\u57fa\u91d1\u300d\u7d93\u7406\u4eba\uff0c\u6c92\u6709\u6301\u7e8c\u7a69\u5b9a\u5831\u916c\u7684\u80fd\u529b?","author":"Mr.Market\u5e02\u5834\u5148\u751f","date":"2015-03-08","format":false,"excerpt":"\u4eca\u5929\u8981\u548c\u4f60\u5206\u4eab2\u672c\u66f8 \u300a\u83ef\u723e\u8857\u523a\u875f\u6295\u8cc7\u5ba2\u300b \u6bd4\u8f03\u50cf\u662f\u4f5c\u8005\u7684\u7b46\u8a18\uff0c\u5167\u5bb9\u4e26\u6c92\u6709\u7279\u5b9a\u67b6\u69cb\uff0c \u5b83\u63d0\u5230\u4e86\u7d93\u71df\u907f\u2026","rel":"","context":"\u5728\u300c\u6295\u8cc7\u66f8\u55ae\u300d\u4e2d","block_context":{"text":"\u6295\u8cc7\u66f8\u55ae","link":"https:\/\/\/category\/invest-master\/invest-books\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/\/wp-content\/uploads\/20171206115357_94.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/\/wp-content\/uploads\/20171206115357_94.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/\/wp-content\/uploads\/20171206115357_94.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/\/wp-content\/uploads\/20171206115357_94.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":5610,"url":"https:\/\/\/fund-exchange-lose\/","url_meta":{"origin":7760,"position":4},"title":"\u6295\u8cc7\u5883\u5916\u57fa\u91d1\u532f\u7387\u600e\u9ebc\u8a08\u7b97\uff1f\u300c\u8cfa\u4e8624%\u5229\u606f\u537b\u8ce0\u4e8630%\u532f\u5dee&#8230;\u300d\u5230\u5e95\u767c\u751f\u4ec0\u9ebc\u4e8b\uff1f","author":"Mr.Market\u5e02\u5834\u5148\u751f","date":"2019-02-22","format":false,"excerpt":"\u5883\u5916\u57fa\u91d1\u6307\u7684\u662f\u8a2d\u7acb\u5730\u9ede\u5728\u570b\u5916\u7684\u5171\u540c\u57fa\u91d1\uff0c \u6d77\u5916\u6295\u8cc7\u6a19\u7684\u6bd4\u8f03\u591a\u5143\u3001\u6295\u8cc7\u7bc4\u570d\u5ee3\uff0c\u5728\u53f0\u7063\u53ea\u8981\u900f\u904e\u57fa\u91d1\u4ea4\u6613\u5e73\u2026","rel":"","context":"\u5728\u300c\u57fa\u91d1\u6295\u8cc7\u300d\u4e2d","block_context":{"text":"\u57fa\u91d1\u6295\u8cc7","link":"https:\/\/\/category\/learn-invest\/fund-invest\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/\/wp-content\/uploads\/20190222005632_99.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/\/wp-content\/uploads\/20190222005632_99.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/\/wp-content\/uploads\/20190222005632_99.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/\/wp-content\/uploads\/20190222005632_99.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":11212,"url":"https:\/\/\/what-is-interest-rate-hedged-bond-fund\/","url_meta":{"origin":7760,"position":5},"title":"\u5229\u7387\u907f\u96aa\u5de5\u5177\u6709\u54ea\u4e9b\uff1f\u4ec0\u9ebc\u662f\u5229\u7387\u907f\u96aa\u50b5\u5238\u57fa\u91d1(Interest Rate Hedged Bond Fund)?","author":"Mr.Market\u5e02\u5834\u5148\u751f","date":"2020-08-04","format":false,"excerpt":"\u50b5\u5238\u6295\u8cc7\u6700\u5927\u7684\u5169\u500b\u98a8\u96aa\uff0c\u5c31\u662f\u300c\u4fe1\u7528\u98a8\u96aa\u300d\u8ddf\u300c\u5229\u7387\u98a8\u96aa\u300d\uff0c \u4e00\u822c\u4f86\u8aaa\uff0c\u5229\u7387\u4e0a\u5347\u6642\uff0c\u50b5\u5238\u50f9\u683c\u4e0b\u8dcc\uff1b\u5229\u7387\u4e0b\u2026","rel":"","context":"\u5728\u300c\u57fa\u91d1\u6295\u8cc7\u300d\u4e2d","block_context":{"text":"\u57fa\u91d1\u6295\u8cc7","link":"https:\/\/\/category\/learn-invest\/fund-invest\/"},"img":{"alt_text":"\u5229\u7387\u907f\u96aa\u5de5\u5177\u6709\u54ea\u4e9b \u4ec0\u9ebc\u662f\u5229\u7387\u907f\u96aa\u50b5\u5238\u57fa\u91d1.pptx","src":"https:\/\/i0.wp.com\/\/wp-content\/uploads\/20200605235258_21.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/\/wp-content\/uploads\/20200605235258_21.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/\/wp-content\/uploads\/20200605235258_21.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/\/wp-content\/uploads\/20200605235258_21.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/\/wp-json\/wp\/v2\/posts\/7760"}],"collection":[{"href":"https:\/\/\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/\/wp-json\/wp\/v2\/comments?post=7760"}],"version-history":[{"count":2,"href":"https:\/\/\/wp-json\/wp\/v2\/posts\/7760\/revisions"}],"predecessor-version":[{"id":7808,"href":"https:\/\/\/wp-json\/wp\/v2\/posts\/7760\/revisions\/7808"}],"wp:attachment":[{"href":"https:\/\/\/wp-json\/wp\/v2\/media?parent=7760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/\/wp-json\/wp\/v2\/categories?post=7760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/\/wp-json\/wp\/v2\/tags?post=7760"},{"taxonomy":"table_tags","embeddable":true,"href":"https:\/\/\/wp-json\/wp\/v2\/table_tags?post=7760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}