{"id":615699,"date":"2026-01-19T15:57:05","date_gmt":"2026-01-19T23:57:05","guid":{"rendered":"https:\/\/nai500.com\/?p=615699"},"modified":"2026-01-19T15:57:05","modified_gmt":"2026-01-19T23:57:05","slug":"%e9%bb%84%e9%87%91%e5%bc%ba%e5%8a%bf%e7%aa%81%e7%a0%b4%ef%bc%8c5000%e7%be%8e%e5%85%83%e5%85%b3%e5%8f%a3%e5%b7%b2%e8%bf%9b%e5%85%a5%e5%b0%84%e7%a8%8b","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2026\/01\/%e9%bb%84%e9%87%91%e5%bc%ba%e5%8a%bf%e7%aa%81%e7%a0%b4%ef%bc%8c5000%e7%be%8e%e5%85%83%e5%85%b3%e5%8f%a3%e5%b7%b2%e8%bf%9b%e5%85%a5%e5%b0%84%e7%a8%8b\/","title":{"rendered":"\u9ec4\u91d1\u5f3a\u52bf\u7a81\u7834\uff0c5000\u7f8e\u5143\u5173\u53e3\u5df2\u8fdb\u5165\u5c04\u7a0b"},"content":{"rendered":"<p>\u5468\u4e00\uff0c\u73b0\u8d27\u9ec4\u91d1\u4ef7\u683c\u5f3a\u52bf\u62c9\u5347\u8fd12%\uff0c\u521b\u4e0b\u6bcf\u76ce\u53f84\uff0c690.79\u7f8e\u5143\u7684\u5386\u53f2\u65b0\u9ad8\uff0c\u73b0\u8d27\u767d\u94f6\u4ea6\u540c\u6b65\u66b4\u6da85%\u81f3\u6bcf\u76ce\u53f894.10\u7f8e\u5143\u7684\u7eaa\u5f55\u5cf0\u503c\u3002\u6b64\u756a\u7a81\u7834\u5c06\u8d35\u91d1\u5c5e2026\u5e74\u5f00\u5e74\u4ee5\u6765\u7684\u51cc\u5389\u6da8\u52bf\u63a8\u5411\u9ad8\u6f6e\uff0c\u9ec4\u91d1\u4e0e\u767d\u94f6\u5e74\u5185\u5df2\u5206\u522b\u7d2f\u8ba1\u4e0a\u6da86%\u548c18%\u3002<\/p>\n<p>\u672c\u8f6e\u98d9\u5347\u7684\u76f4\u63a5\u5bfc\u706b\u7d22\uff0c\u662f\u7f8e\u56fd\u603b\u7edf\u7279\u6717\u666e\u56e0\u6536\u8d2d\u683c\u9675\u5170\u5c9b\u8ba1\u5212\u53d7\u963b\uff0c\u5a01\u80c1\u5bf9\u82f1\u56fd\u3001\u5fb7\u56fd\u3001\u6cd5\u56fd\u7b49\u6b27\u6d32\u56fd\u5bb6\u52a0\u5f81\u5173\u7a0e\uff0c\u4ece\u800c\u5f15\u7206\u4e86\u5e02\u573a\u5bf9\u6b27\u7f8e\u8d38\u6613\u51b2\u7a81\u5347\u7ea7\u7684\u6df1\u5207\u5fe7\u8651\u3002Peel Hunt LLP\u5206\u6790\u5e08Peter Mallin-Jones\u5bf9\u6b64\u8bc4\u8bba\u79f0\uff0c\u6b64\u4e3e\u201c\u4ee4\u4eba\u8054\u60f3\u5230\u52d2\u7d22\u201d\uff0c\u5e76\u6307\u51fa\u8d35\u91d1\u5c5e\u7684\u4e0a\u6da8\u53cd\u6620\u4e86\u8d44\u91d1\u4ece\u7f8e\u5143\u8d44\u4ea7\u64a4\u79bb\uff0c\u4ee5\u53ca\u5bf9\u6f5c\u5728\u8d38\u6613\u6218\u901a\u80c0\u540e\u679c\u7684\u5bf9\u51b2\u9700\u6c42\u3002<\/p>\n<h2>\u65b0\u9ad8\u4e4b\u4e0a\uff0c\u5171\u8bc6\u6307\u54115000\u7f8e\u5143<\/h2>\n<p>\u6b64\u6b21\u5730\u7f18\u653f\u6cbb\u7d27\u5f20\u5c40\u52bf\u4e3a\u9ec4\u91d1\u5df2\u6301\u7eed\u4e00\u5e74\u7684\u521b\u7eaa\u5f55\u6da8\u52bf\u6ce8\u5165\u4e86\u65b0\u52a8\u80fd\u3002\u82b1\u65d7\uff08Citigroup\uff09\u5206\u6790\u5e08\u4e0a\u5468\u9884\u6d4b\uff0c\u91d1\u4ef7\u5c06\u5728\u4e09\u4e2a\u6708\u5185\u89e6\u53ca\u6bcf\u76ce\u53f85\uff0c000\u7f8e\u5143\uff0c\u767d\u94f6\u5c06\u4e0a\u770b100\u7f8e\u5143\u3002State Street Investment Management\u7684\u9ec4\u91d1\u7b56\u7565\u4e3b\u7ba1Aakash Doshi\u66f4\u662f\u5c06\u8fd9\u4e00\u9884\u671f\u6982\u7387\u5927\u5e45\u63d0\u5347\u3002\u4ed6\u5728\u91c7\u8bbf\u4e2d\u8868\u793a\uff1a\u201c\u672a\u6765\u516d\u5230\u4e5d\u4e2a\u6708\u5185\u91d1\u4ef7\u8fbe\u52305\uff0c000\u7f8e\u5143\u7684\u6982\u7387\u73b0\u5728\u5df2\u63a5\u8fd140%\u3002\u201d<\/p>\n<p>Doshi\u5f3a\u8c03\uff0c\u5c3d\u7ba1\u91d1\u4ef7\u5df2\u5904\u9ad8\u4f4d\uff0c\u4f46\u5f53\u524d\u5e02\u573a\u73af\u5883\u5f3a\u5316\u4e86\u5176\u914d\u7f6e\u4ef7\u503c\u3002\u201c\u5f53\u6807\u666e500\u6307\u6570\u63a5\u8fd17\uff0c000\u70b9\u800c\u9ec4\u91d1\u540c\u65f6\u521b\u51fa\u65b0\u9ad8\u65f6\uff0c\u8fd9\u53cd\u800c\u8ba9\u6211\u5bf9\u6301\u6709\u9ec4\u91d1\u4f5c\u4e3a\u5bf9\u51b2\u66f4\u6709\u4fe1\u5fc3\uff0c\u201d\u4ed6\u6307\u51fa\uff0c\u201c\u8fd9\u8868\u660e\u5e02\u573a\u6b63\u8d8a\u6765\u8d8a\u591a\u5730\u805a\u7126\u4e8e\u5c3e\u90e8\u98ce\u9669\u5b9a\u4ef7\u3002\u201d<\/p>\n<p>\u9664\u4e86\u5730\u7f18\u653f\u6cbb\u201c\u5934\u6761\u98ce\u9669\u201d\u4e4b\u5916\uff0c\u591a\u4e2a\u7ed3\u6784\u6027\u56e0\u7d20\u4e3a\u91d1\u4ef7\u6784\u7b51\u4e86\u575a\u5b9e\u5e95\u90e8\u3002<\/p>\n<p>\u9996\u5148\uff0c\u65fa\u76db\u7684\u6295\u8d44\u9700\u6c42\u6301\u7eed\u6d8c\u5165\u3002\u5168\u7403\u9ec4\u91d1ETF\u6301\u4ed3\u8fde\u7eed\u589e\u957f\uff0c\u4e0a\u5468\u5927\u5e45\u589e\u6301\u8d85\u8fc728\u5428\uff0c\u4e3a\u53bb\u5e749\u6708\u4ee5\u6765\u6700\u5927\u5355\u5468\u589e\u5e45\u3002\u9053\u5bcc\u94f6\u884c\u62a5\u544a\u6307\u51fa\uff0c\u5373\u4fbf\u5728\u4fdd\u5b88\u5047\u8bbe\u4e0b\uff0c\u672c\u8f6eETF\u589e\u6301\u5468\u671f\u57282026\u5e74\u4ecd\u6709\u201c\u663e\u8457\u7a7a\u95f4\u201d\u3002\u5176\u6b21\uff0c\u5404\u56fd\u592e\u884c\u7684\u8d2d\u91d1\u884c\u4e3a\u5448\u73b0\u51fa\u201c\u4ef7\u683c\u975e\u5f39\u6027\u201d\u7279\u5f81\uff0c\u4e3a\u91d1\u4ef7\u5728\u6bcf\u76ce\u53f84\uff0c000\u7f8e\u5143\u4e0a\u65b9\u63d0\u4f9b\u4e86\u957f\u671f\u652f\u6491\u3002<\/p>\n<p>\u518d\u8005\uff0c\u5b8f\u89c2\u4e0d\u786e\u5b9a\u6027\u5df2\u6839\u6df1\u8482\u56fa\u3002\u4e16\u754c\u7ecf\u6d4e\u8bba\u575b\u6700\u65b0\u53d1\u5e03\u7684\u300a2026\u5e74\u5168\u7403\u98ce\u9669\u62a5\u544a\u300b\u663e\u793a\uff0c\u5730\u7f18\u7ecf\u6d4e\u5bf9\u6297\u5df2\u88ab\u5168\u7403\u9886\u8896\u89c6\u4e3a\u5e74\u5ea6\u9996\u8981\u98ce\u9669\u3002\u7ea650%\u7684\u53d7\u8bbf\u8005\u9884\u8ba1\u672a\u6765\u4e24\u5e74\u5168\u7403\u5f62\u52bf\u5c06\u201c\u52a8\u8361\u6216\u98ce\u66b4\u56db\u8d77\u201d\u3002XS.com\u9ad8\u7ea7\u5e02\u573a\u5206\u6790\u5e08Linh\u00a0Tran\u6307\u51fa\uff0c\u9ec4\u91d1\u4e0a\u6da8\u52a8\u80fd\u5df2\u4e0d\u518d\u5c40\u9650\u4e8e\u77ed\u671f\u7ecf\u6d4e\u5468\u671f\uff0c\u800c\u662f\u6e90\u4e8e\u5bf9\u5168\u7403\u91d1\u878d\u548c\u653f\u7b56\u6846\u67b6\u4fe1\u5fc3\u7684\u201c\u6218\u7565\u6027\u91cd\u4f30\u201d\u3002<\/p>\n<h2>\u8d8b\u52bf\u7a33\u56fa\uff0c\u76d8\u6574\u6216\u662f\u673a\u4f1a<\/h2>\n<p>\u5bf9\u4e8e\u91d1\u4ef7\u80fd\u5426\u7ad9\u7a33\u9ad8\u4f4d\u5e76\u7ee7\u7eed\u4e0a\u653b\uff0cDoshi\u8ba4\u4e3a\u8d8b\u52bf\u96be\u4ee5\u52a8\u6447\u3002\u201c\u4ef7\u683c\u6a2a\u76d8\u6574\u7406\u51e0\u4e2a\u6708\u5e76\u4e0d\u4f1a\u635f\u5bb3\u6574\u4e2a\u770b\u6da8\u903b\u8f91\uff0c\u201d\u4ed6\u8868\u793a\uff0c\u201c\u5b9e\u9645\u4e0a\uff0c\u8fd9\u53ef\u80fd\u4e3a\u6295\u8d44\u8005\u63d0\u4f9b\u518d\u6b21\u4ecb\u5165\u7684\u673a\u4f1a\u2014\u2014\u6bd5\u7adf\u8fc7\u53bb\u51e0\u4e2a\u6708\u6bcf\u6b21\u4e0b\u8dcc\u90fd\u88ab\u79ef\u6781\u4e70\u5165\u3002\u201d\u4ed6\u603b\u7ed3\u9053\uff0c\u5728\u653f\u5e9c\u503a\u52a1\u9ad8\u4f01\uff0c\u653f\u7b56\u4e0d\u786e\u5b9a\u6027\u52a0\u5267\u4e14\u80a1\u503a\u76f8\u5173\u6027\u4e0d\u7a33\u5b9a\u7684\u73af\u5883\u4e0b\uff0c\u9ec4\u91d1\u4f5c\u4e3a\u4e00\u79cd\u4f4e\u6ce2\u52a8\u6027\u907f\u9669\u8d44\u4ea7\u7684\u89d2\u8272\u6b63\u53d8\u5f97\u6108\u53d1\u5173\u952e\u3002<\/p>\n<p>\u968f\u7740\u5730\u7f18\u51b2\u7a81\u4e0e\u8d38\u6613\u7d27\u5f20\u6301\u7eed\u5360\u636e\u821e\u53f0\u4e2d\u592e\uff0c\u9ec4\u91d1\u7684\u91d1\u878d\u5c5e\u6027\u6b63\u88ab\u5e02\u573a\u4ee5\u65b0\u7684\u89c6\u89d2\u91cd\u4f30\uff0c\u5251\u63075\uff0c000\u7f8e\u5143\u7684\u547c\u58f0\u5df2\u4ece\u8fb9\u7f18\u9884\u6d4b\u9010\u6e10\u8f6c\u5411\u4e3b\u6d41\u5171\u8bc6\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u5468\u4e00\uff0c\u73b0\u8d27\u9ec4\u91d1\u4ef7\u683c\u5f3a\u52bf\u62c9\u5347\u8fd12%\uff0c\u521b\u4e0b\u6bcf\u76ce\u53f84\uff0c690.79\u7f8e\u5143\u7684\u5386\u53f2\u65b0\u9ad8\uff0c\u73b0\u8d27\u767d\u94f6\u4ea6\u540c\u6b65\u66b4\u6da85%\u81f3\u6bcf\u76ce\u53f894 [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":552449,"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":[2125,461,659,440],"class_list":["post-615699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1521","category-trends-strategies-zh-hans","category-2196","tag-2125","tag-461","tag-659","tag-440","sectors-gold-zh-hans","locations-us-zh-hans"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/615699","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=615699"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/615699\/revisions"}],"predecessor-version":[{"id":615702,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/615699\/revisions\/615702"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media\/552449"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=615699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=615699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/tags?post=615699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}