{"id":253410,"date":"2019-01-25T18:09:32","date_gmt":"2019-01-26T02:09:32","guid":{"rendered":"https:\/\/nai500.com\/?p=253410"},"modified":"2019-02-27T12:39:41","modified_gmt":"2019-02-27T20:39:41","slug":"%e6%8a%95%e8%b5%84%e4%b8%8d%e5%8f%97%e5%85%b3%e6%b3%a8%e7%9a%84%e8%bf%99%e7%b1%bb%e8%82%a1%e7%a5%a8%e5%8f%af%e9%95%bf%e6%9c%9f%e8%b7%91%e8%b5%a2%e6%8c%87%e6%95%b0","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2019\/01\/%e6%8a%95%e8%b5%84%e4%b8%8d%e5%8f%97%e5%85%b3%e6%b3%a8%e7%9a%84%e8%bf%99%e7%b1%bb%e8%82%a1%e7%a5%a8%e5%8f%af%e9%95%bf%e6%9c%9f%e8%b7%91%e8%b5%a2%e6%8c%87%e6%95%b0\/","title":{"rendered":"\u6295\u8d44\u4e0d\u53d7\u5173\u6ce8\u7684\u8fd9\u7c7b\u80a1\u7968\u53ef\u957f\u671f\u8dd1\u8d62\u6307\u6570"},"content":{"rendered":"

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\u4ece1926\u52302006\u5e74\uff0c\u5c0f\u76d8\u80a1\u5e73\u5747\u6bcf\u5e74\u8dd1\u8d62\u5927\u76d8\u80a12.3%\u3002\u8fd9\u53ef\u80fd\u4e0d\u8db3\u4ee5\u8ba9\u4eba\u5927\u5403\u4e00\u60ca\u3002\u4e3e\u4f8b\u8bf4\u660e\uff0c\u6295\u8d4410,000\u7f8e\u5143\u5e76\u4e14\u6bcf\u5e74\u6536\u76ca\u7387\u4e3a10.4%\uff08\u6807\u666e500\u6307\u6570\u5728\u6b64\u671f\u95f4\u7684\u56de\u62a5\u7387\uff09\uff0c\u6295\u8d44\u671f\u9650\u4e3a30\u5e74\uff0c\u90a3\u4e48\u6700\u7ec8\u672c\u606f\u5c06\u589e\u957f\u5230194,568\u7f8e\u5143\u3002\u770b\u8d77\u6765\u8fd8\u4e0d\u9519\u3002\u4f46\u76f8\u6bd4\u4e4b\u4e0b\uff0c\u540c\u6837\u662f10000\u7f8e\u5143\uff0c\u6295\u8d44\u5728\u5c0f\u76d8\u80a1\u4e0a\uff0c\u5c0f\u76d8\u80a1\u5e74\u590d\u5408\u589e\u957f\u7387\u8fbe12.7%\uff0c10000\u7f8e\u514330\u5e74\u540e\u53d8\u6210\u4e86361,175\u7f8e\u5143\uff0c\u8fd9\u6837\u5c82\u4e0d\u662f\u66f4\u597d\u4e86\uff01<\/p>\n

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\u5e02\u503c<\/strong><\/td>\n\u5e74\u56de\u62a5\u7387<\/strong><\/td>\n\u6807\u51c6\u5dee<\/strong><\/td>\n<\/tr>\n
\u7b2c\u4e00\u4e2a\u5341\u5206\u4f4d\u6570\uff08\u5e02\u503c\u6392\u540d\u524d<\/strong>10%<\/strong>\uff09<\/strong><\/td>\n9.6%<\/td>\n19.1<\/td>\n<\/tr>\n
\u7b2c\u4e8c\u4e2a\u5341\u5206\u4f4d\u6570<\/strong><\/td>\n11%<\/td>\n21.7<\/td>\n<\/tr>\n
\u7b2c\u4e09\u4e2a\u5341\u5206\u4f4d\u6570<\/strong><\/td>\n11.3%<\/td>\n23.5<\/td>\n<\/tr>\n
\u7b2c\u56db\u4e2a\u5341\u5206\u4f4d\u6570<\/strong><\/td>\n11.3%<\/td>\n25.8<\/td>\n<\/tr>\n
\u7b2c\u4e94\u4e2a\u5341\u5206\u4f4d\u6570<\/strong><\/td>\n11.7%<\/td>\n26.6<\/td>\n<\/tr>\n
\u7b2c\u516d\u4e2a\u5341\u5206\u4f4d\u6570<\/strong><\/td>\n11.8%<\/td>\n27.7<\/td>\n<\/tr>\n
\u7b2c\u4e03\u4e2a\u5341\u5206\u4f4d\u6570<\/strong><\/td>\n11.7%<\/td>\n29.8<\/td>\n<\/tr>\n
\u7b2c\u516b\u4e2a\u5341\u5206\u4f4d\u6570<\/strong><\/td>\n11.9%<\/td>\n33.3<\/td>\n<\/tr>\n
\u7b2c\u4e5d\u4e2a\u5341\u5206\u4f4d\u6570<\/strong><\/td>\n12.1%<\/td>\n36.3<\/td>\n<\/tr>\n
\u7b2c<\/strong>10<\/strong>\u4e2a\u5341\u5206\u4f4d\u6570\uff08\u5e02\u503c\u6392\u540d\u6700\u672b<\/strong>10%<\/strong>\uff09<\/strong><\/td>\n14%<\/td>\n45.2<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u6765\u6e90\uff1aIbbotson Associates<\/p>\n

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\u5c0f\u76d8\u80a1\u7684\u4f18\u52bf<\/strong><\/p>\n

    \n
  1. \u5173\u6ce8\u5ea6\u4f4e<\/strong>\u3002\u534e\u5c14\u8857\u7531\u624b\u63e1\u5de8\u8d44\u7684\u673a\u6784\u6295\u8d44\u8005\u63a7\u5236\u7740\u3002\u6309\u7167\u89c4\u5b9a\uff0c\u5927\u591a\u6570\u516c\u52df\u57fa\u91d1\u4e0d\u5f97\u7528\u8d85\u8fc75%\u8d44\u91d1\u6295\u8d44\u540c\u4e00\u5bb6\u516c\u53f8\uff0c\u6216\u8005\u6301\u6709\u540c\u4e00\u5bb6\u516c\u53f8\u8d85\u8fc710%\u7684\u6d41\u901a\u80a1\u3002\u62e5\u6709\u6570\u5341\u4ebf\u8d44\u91d1\u7684\u57fa\u91d1\u901a\u5e38\u4e0d\u4f1a\u6295\u8d44\u4e00\u4e2a\u5e02\u503c\u57285\u4ebf\u4ee5\u4e0b\u7684\u516c\u53f8\uff0c\u56e0\u4e3a\u8fd9\u4e9b\u57fa\u91d1\u4e00\u65e6\u6295\u8d44\u5c0f\u76d8\u80a1\uff0c\u5fc5\u5c06\u5f15\u8d77\u5c0f\u76d8\u80a1\u80a1\u4ef7\u5927\u5e45\u6ce2\u52a8\u3002<\/li>\n
  2. \u6210\u957f\u66f4\u5feb<\/strong>\u3002\u5927\u578b\u516c\u53f8\u6bcf\u5e74\u90fd\u67091000\u4ebf\u7f8e\u5143\u751a\u81f3\u4ee5\u4e0a\u7684\u8425\u6536\uff0c\u4f46\u8fd9\u7c7b\u516c\u53f8\u901a\u5e38\u589e\u957f\u7f13\u6162\uff0c\u8fd9\u6837\u7684\u5de8\u517d\u8981\u8017\u8d39\u5f88\u957f\u65f6\u95f4\u624d\u80fd\u8ba9\u8fd9\u4e2a\u91cf\u7ea7\u7684\u4e1a\u7ee9\u7ffb\u4e00\u756a\u3002\u76f8\u6bd4\u800c\u8a00\uff0c\u5c0f\u516c\u53f8\u7684\u9500\u552e\u989d\u589e\u957f\u5f97\u66f4\u5feb\uff0c\u53ef\u4ee5\u957f\u65f6\u95f4\u4fdd\u6301\u9ad8\u901f\u589e\u957f\uff0c\u8fd9\u662f\u56e0\u4e3a\u5c0f\u516c\u53f8\u7684\u9500\u552e\u989d\u57fa\u6570\u4f4e\u3002<\/li>\n
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    \u5c0f\u76d8\u80a1\u9009\u62e9\u6807\u51c6\uff1a<\/strong><\/p>\n

      \n
    1. \u5c0f\u76d8\u80a1\u5e02\u503c<\/strong>\uff1a\u6309\u7167Ibbotson\u76842007\u5e74\u5e74\u9274\uff0c\u5e02\u503c\u6700\u5c0f\u768410%\u516c\u53f8\u4e2d\u6700\u5927\u516c\u53f8\u5e02\u503c\u53ea\u6709$3.14\u4ebf\uff0c\u4e0e\u5927\u76d8\u80a1\u76f8\u6bd4\u5c31\u662f\u4e5d\u725b\u4e00\u6bdb\u3002Morningstar\u8ddf\u8e2a\u7684\u5c0f\u76d8\u80a1\u57fa\u91d1\u6240\u6295\u8d44\u7684\u516c\u53f8\u5e02\u503c\u5747\u503c\u4e3a$12\u4ebf\u3002$12\u4ebf\u5e02\u503c\u53ef\u4ee5\u5728Ibbotson\u6392\u540d\u4e2d\u4f4d\u5217\u7b2c\u4e03\u4e2a\u5341\u5206\u4f4d\u4e2d\u3002\u6b64\u7c7b\u516c\u53f8\u7684\u56de\u62a5\u9ad8\u4e8e\u6807\u666e500\u6307\u6570\uff0c\u540c\u65f6\u6ce2\u52a8\u6027\u4f4e\u4e8e\u5fae\u76d8\u80a1\u3002\u5927\u591a\u6570\u6295\u8d44\u8005\u53ef\u4ee5\u63a5\u53d7\u6b64\u7c7b\u80a1\u7968\u3002<\/li>\n<\/ol>\n

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        \n
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