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\u5728\u5168\u7403\u91d1\u878d\u5e02\u573a\u52a8\u8361\u52a0\u5267\u7684\u80cc\u666f\u4e0b\uff0c\u9ec4\u91d1\u4ef7\u683c\u5468\u4e00\u518d\u5ea6\u5237\u65b0\u5386\u53f2\u7eaa\u5f55\uff0c\u7a81\u7834\u6bcf\u76ce\u53f83400\u7f8e\u5143\u5173\u53e3\u3002\u5206\u6790\u5e08\u6307\u51fa\uff0c\u6295\u8d44\u8005\u5bf9\u7f8e\u56fd\u8d22\u653f\u8d64\u5b57\u6269\u5927\u3001\u7f8e\u5143\u8d70\u8f6f\u53ca\u5730\u7f18\u653f\u7b56\u4e0d\u786e\u5b9a\u6027\u7684\u62c5\u5fe7\uff0c\u6b63\u63a8\u52a8\u8d44\u91d1\u52a0\u901f\u64a4\u79bb\u7f8e\u56fd\u5e02\u573a\uff0c\u9ec4\u91d1\u4f5c\u4e3a\u907f\u9669\u8d44\u4ea7\u7684\u9700\u6c42\u6301\u7eed\u5347\u6e29\u3002<\/p>\n

\u9ec4\u91d1\u201c\u725b\u5e02\u201d\u672a\u89c1\u9876<\/h2>\n

Veritas Investment Research\u80a1\u7968\u7814\u7a76\u5206\u6790\u5e08Martin Pradier\u8868\u793a\uff0c\u9ec4\u91d1\u6da8\u52bf\u4ecd\u975e\u5e38\u5f3a\u52b2\u3002\u4ed6\u8ba4\u4e3a\uff0c\u8fd1\u671f\u6563\u6237\u4e0e\u673a\u6784\u6295\u8d44\u8005\u5bf9\u9ec4\u91d1\u7684\u8ffd\u6367\uff0c\u4e0e\u7f8e\u56fd\u8d22\u653f\u8d64\u5b57\u6076\u5316\u3001\u7f8e\u5143\u75b2\u8f6f\u53ca\u591a\u56fd\u592e\u884c\u589e\u6301\u9ec4\u91d1\u7684\u8d8b\u52bf\u5bc6\u5207\u76f8\u5173\u3002\u82e5\u7f8e\u56fd\u8d22\u653f\u95ee\u9898\u6301\u7eed\uff0c\u4e14\u4e0e\u5176\u4ed6\u56fd\u5bb6\u7684\u6469\u64e6\u52a0\u5267\uff0c\u592e\u884c\u8d2d\u91d1\u6f6e\u5c06\u5ef6\u7eed\uff0c\u8fdb\u4e00\u6b65\u63a8\u9ad8\u91d1\u4ef7\u3002<\/p>\n

Purpose Investments\u521b\u59cb\u4eba\u517c\u9996\u5e2d\u6267\u884c\u5b98Som Seif\u6307\u51fa\uff0c\u5728\u5f53\u524d\u7f8e\u56fd\u603b\u7edf\u7279\u6717\u666e\u653f\u7b56\u53cd\u590d\u7684\u6df7\u4e71\u73af\u5883\u4e0b\uff0c\u9ec4\u91d1\u56e0\u4e3a\u662f\u201c\u52a8\u8361\u631a\u53cb\u201d\u800c\u6301\u7eed\u8d70\u5f3a\u3002\u4ed6\u5f3a\u8c03\uff0c\u5c3d\u7ba1\u592e\u884c\u8d2d\u91d1\u662f\u8fc7\u53bb\u4e00\u5e74\u91d1\u4ef7\u4e0a\u6da8\u7684\u4e3b\u56e0\uff0c\u4f46\u5982\u4eca\u66f4\u5e7f\u6cdb\u7684\u673a\u6784\u4e0e\u4e2a\u4eba\u6295\u8d44\u8005\u6b63\u52a0\u5165\u8fd9\u4e00\u884c\u5217\u3002\u968f\u7740\u8d8a\u6765\u8d8a\u591a\u7684\u6295\u8d44\u8005\u5bfb\u6c42\u7f8e\u5143\u4ee5\u5916\u7684\u66ff\u4ee3\u8d44\u4ea7\uff0c\u9ec4\u91d1\u548c\u5176\u4ed6\u975e\u6cd5\u5b9a\u8d27\u5e01\u8d44\u4ea7\u5438\u5f15\u4e86\u66f4\u591a\u7684\u8d44\u91d1\u6d41\u5165\u3002<\/p>\n

\u4ed6\u8bf4\uff0c\u5982\u679c\u5916\u56fd\u653f\u5e9c\uff0c\u5c24\u5176\u662f\u4e2d\u56fd\u548c\u65e5\u672c\u8fd9\u4e24\u4e2a\u6700\u5927\u7684\u7f8e\u56fd\u56fd\u503a\u6301\u6709\u8005\u4e0d\u76f8\u4fe1\u7f8e\u56fd\uff0c\u4ed6\u4eec\u5c06\u7f8e\u503a\u8f6c\u6362\u4e3a\u9ec4\u91d1\u7684\u201c\u7a7a\u95f4\u5f88\u5927\u201d\u3002\u8fd9\u4e00\u73af\u5883\u4e0b\uff0c\u867d\u7136\u96be\u4ee5\u9884\u6d4b\u5177\u4f53\u7684\u4ef7\u683c\u70b9\u4f4d\uff0c\u4f46\u672a\u6765\u51e0\u4e2a\u6708\u9ec4\u91d1\u7ee7\u7eed\u4e0a\u6da8\u662f\u5927\u6982\u7387\u4e8b\u4ef6\u3002<\/p>\n

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\u66f4\u4ee4\u5e02\u573a\u4e0d\u5b89\u7684\u662f\uff0c\u4f20\u7edf\u907f\u9669\u8d44\u4ea7\u2014\u2014\u7f8e\u5143\u4e0e\u7f8e\u56fd\u56fd\u503a\u4ef7\u683c\u7f55\u89c1\u540c\u6b65\u4e0b\u8dcc\uff0c10\u5e74\u671f\u7f8e\u503a\u6536\u76ca\u7387\u98d9\u5347\u81f34.40%\uff0c\u7f8e\u5143\u5bf9\u6b27\u5143\u3001\u65e5\u5143\u7b49\u4e3b\u8981\u8d27\u5e01\u6c47\u7387\u4ea6\u540c\u6b65\u8d70\u4f4e\u3002\u5206\u6790\u5e08\u8ba4\u4e3a\uff0c\u8fd9\u53cd\u6620\u51fa\u6295\u8d44\u8005\u5bf9\u7279\u6717\u666e\u8d38\u6613\u653f\u7b56\u53ca\u5e72\u9884\u7f8e\u8054\u50a8\u72ec\u7acb\u6027\u7684\u62c5\u5fe7\u6b63\u52a8\u6447\u7f8e\u56fd\u8d44\u4ea7\u7684\u201c\u5b89\u5168\u5821\u5792\u201d\u5730\u4f4d\u3002<\/p>\n

Macquarie\u7b56\u7565\u5e08Thierry Wizman\u6307\u51fa\uff0c\u7279\u6717\u666e\u8fd1\u671f\u5bf9\u65e5\u672c\u7b49\u56fd\u7684\u5f3a\u786c\u8d38\u6613\u8868\u6001\u53ef\u80fd\u52a0\u5267\u7ecf\u6d4e\u8870\u9000\u98ce\u9669\u3002\u800c\u7279\u6717\u666e\u5728\u793e\u4ea4\u5a92\u4f53\u4e0a\u5ba3\u79f0\u201c\u638c\u63e1\u9ec4\u91d1\u8005\u5236\u5b9a\u89c4\u5219\u201d\uff0c\u5e76\u62a8\u51fb\u201c\u53cd\u5bf9\u5173\u7a0e\u7684\u5546\u4eba\u4e0d\u61c2\u653f\u6cbb\u201d\uff0c\u8fdb\u4e00\u6b65\u52a0\u5267\u5e02\u573a\u7126\u8651\u3002\u4e0e\u6b64\u540c\u65f6\uff0c\u4e2d\u56fd\u5546\u52a1\u90e8\u8b66\u544a\u4ed6\u56fd\u52ff\u201c\u4ee5\u635f\u5bb3\u4e2d\u56fd\u5229\u76ca\u4e3a\u524d\u63d0\u201d\u4e0e\u7f8e\u56fd\u8fbe\u6210\u8d38\u6613\u534f\u8bae\uff0c\u5730\u7f18\u7d27\u5f20\u5c40\u52bf\u5347\u6e29\u3002\u7f8e\u8054\u50a8\u4e3b\u5e2d\u9c8d\u5a01\u5c14\u56e0\u672a\u66f4\u5feb\u964d\u606f\u5c61\u906d\u7279\u6717\u666e\u6279\u8bc4\uff0c\u5e02\u573a\u62c5\u5fe7\u603b\u7edf\u82e5\u6267\u610f\u64a4\u6362\u9c8d\u5a01\u5c14\uff0c\u6050\u4e25\u91cd\u524a\u5f31\u7f8e\u8054\u50a8\u72ec\u7acb\u6027\uff0c\u635f\u5bb3\u7f8e\u5143\u4fe1\u8a89\u3002<\/p>\n

\u8d1d\u83b1\u5fb7\u667a\u5e93\uff08BlackRock Investment Institute\uff09\u7684\u7b56\u7565\u5e08\u56e2\u961f\u6307\u51fa\uff0c\u5f53\u524d\u5e02\u573a\u5df2\u65e0\u6cd5\u4f9d\u8d56\u4f20\u7edf\u6a21\u578b\u9884\u5224\u8d8b\u52bf\uff0c\u6218\u672f\u4e0e\u6218\u7565\u8d44\u4ea7\u914d\u7f6e\u754c\u9650\u6a21\u7cca\uff0c\u9700\u52a8\u6001\u8bc4\u4f30\u5168\u7403\u4f53\u7cfb\u6f14\u53d8\u3002\u8fd9\u4e00\u4e0d\u786e\u5b9a\u6027\u6b63\u4fc3\u4f7f\u56fd\u9645\u6295\u8d44\u8005\u51cf\u5c11\u5bf9\u7f8e\u56fd\u5e02\u573a\u7684\u4f9d\u8d56\uff0c\u8f6c\u800c\u589e\u6301\u672c\u571f\u8d44\u4ea7\u6216\u9ec4\u91d1\u7b49\u66ff\u4ee3\u54c1\u3002<\/p>\n

\u5206\u6790\u4eba\u58eb\u9884\u8ba1\uff0c\u5728\u653f\u7b56\u98ce\u9669\u4e0e\u8d44\u91d1\u5916\u6d41\u538b\u529b\u4e0b\uff0c\u9ec4\u91d1\u7684\u907f\u9669\u5c5e\u6027\u6216\u5c06\u7ee7\u7eed\u5438\u5f15\u5168\u7403\u8d44\u672c\uff0c\u800c\u7f8e\u56fd\u5e02\u573a\u80fd\u5426\u91cd\u83b7\u4fe1\u4efb\uff0c\u5c06\u53d6\u51b3\u4e8e\u5176\u80fd\u5426\u7a33\u5b9a\u653f\u7b56\u9884\u671f\u5e76\u4fee\u590d\u6295\u8d44\u8005\u4fe1\u5fc3\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u5728\u5168\u7403\u91d1\u878d\u5e02\u573a\u52a8\u8361\u52a0\u5267\u7684\u80cc\u666f\u4e0b\uff0c\u9ec4\u91d1\u4ef7\u683c\u5468\u4e00\u518d\u5ea6\u5237\u65b0\u5386\u53f2\u7eaa\u5f55\uff0c\u7a81\u7834\u6bcf\u76ce\u53f83400\u7f8e\u5143\u5173\u53e3\u3002\u5206\u6790\u5e08\u6307\u51fa\uff0c\u6295\u8d44\u8005\u5bf9 […]<\/p>\n","protected":false},"author":27,"featured_media":568582,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1521,430,2196],"tags":[2131,2134,2161,440],"class_list":["post-572246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1521","category-trends-strategies-zh-hans","category-2196","tag-2131","tag-2134","tag-2161","tag-440","sectors-gold-zh-hans","locations-us-zh-hans"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/572246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/comments?post=572246"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/572246\/revisions"}],"predecessor-version":[{"id":572249,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/572246\/revisions\/572249"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media\/568582"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=572246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=572246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/tags?post=572246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}