{"id":627587,"date":"2026-03-25T18:58:31","date_gmt":"2026-03-26T01:58:31","guid":{"rendered":"https:\/\/nai500.com\/?p=627587"},"modified":"2026-03-25T18:58:31","modified_gmt":"2026-03-26T01:58:31","slug":"%e8%b5%84%e9%87%91%e7%96%af%e7%8b%82%e5%87%ba%e9%80%83%e9%bb%84%e9%87%91etf%ef%bc%8c%e4%bd%86%e6%94%af%e6%92%91%e9%87%91%e4%bb%b7%e7%9a%84%e4%b8%89%e5%a4%a7%e9%80%bb%e8%be%91","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2026\/03\/%e8%b5%84%e9%87%91%e7%96%af%e7%8b%82%e5%87%ba%e9%80%83%e9%bb%84%e9%87%91etf%ef%bc%8c%e4%bd%86%e6%94%af%e6%92%91%e9%87%91%e4%bb%b7%e7%9a%84%e4%b8%89%e5%a4%a7%e9%80%bb%e8%be%91\/","title":{"rendered":"\u8d44\u91d1\u75af\u72c2\u51fa\u9003\u9ec4\u91d1ETF\uff0c\u4f46\u652f\u6491\u91d1\u4ef7\u7684\u201c\u4e09\u5927\u903b\u8f91\u201d\u4e00\u4e2a\u90fd\u6ca1\u7834"},"content":{"rendered":"

\u4e2d\u4e1c\u6218\u706b\u672a\u7184\uff0c\u9ec4\u91d1\u5e02\u573a\u5374\u4e0a\u6f14\u4e86\u4e00\u573a\u53cd\u5e38\u7684\u201c\u8d44\u91d1\u9003\u4ea1\u201d\u3002\u5f6d\u535a\u667a\u5e93\u6570\u636e\u663e\u793a\uff0c\u622a\u81f33\u670826\u65e5\uff0c\u5168\u7f8e\u7ea6100\u53ea\u5546\u54c1ETF\u5df2\u906d\u9047\u7ea6110\u4ebf\u7f8e\u5143\u51c0\u6d41\u51fa\uff0c\u521b\u4e0b\u81ea2005\u5e74\u6709\u8bb0\u5f55\u4ee5\u6765\u7684\u6700\u5927\u5355\u6708\u8d4e\u56de\u89c4\u6a21\u3002\u5176\u4e2d\uff0c\u4ee5SPDR Gold Shares\uff08GLD\uff09<\/a>\u4e3a\u4ee3\u8868\u7684\u9ec4\u91d1\u57fa\u91d1\u201c\u5931\u8840\u201d\u6700\u4e3a\u4e25\u91cd\uff0c\u5355\u53ea\u4ea7\u54c1\u6d41\u51fa\u8d8570\u4ebf\u7f8e\u5143\uff0c\u767d\u94f6ETF\u4e5f\u5f55\u5f97\u7ea614\u4ebf\u7f8e\u5143\u8d4e\u56de\u3002<\/p>\n

\u5728\u5730\u7f18\u51b2\u7a81\u5347\u7ea7\u3001\u5e02\u573a\u907f\u9669\u60c5\u7eea\u7406\u5e94\u5347\u6e29\u7684\u80cc\u666f\u4e0b\uff0c\u9ec4\u91d1ETF\u5374\u906d\u9047\u53f2\u4e0a\u6700\u5927\u89c4\u6a21\u629b\u552e\u2014\u2014\u8fd9\u4e00\u53cd\u5dee\u4ee4\u4e0d\u5c11\u5e02\u573a\u53c2\u4e0e\u8005\u611f\u5230\u56f0\u60d1\u3002<\/p>\n

\u201c\u5546\u54c1ETF\u5728\u629b\u552e\u6f6e\u4e2d\u5f55\u5f97\u521b\u7eaa\u5f55\u6d41\u51fa\uff0c\u8fd9\u5f88\u4e0d\u5bfb\u5e38\uff0c\u56e0\u4e3a\u8fd9\u7c7b\u57fa\u91d1\u901a\u5e38\u88ab\u89c6\u4e3a\u901a\u80c0\u548c\u98ce\u9669\u7684\u5bf9\u51b2\u5de5\u5177\u3002\u201d\u5f6d\u535a\u667a\u5e93\u5206\u6790\u5e08Athanasios Psarofagis\u6307\u51fa\uff0c\u201c\u66f4\u5f15\u4eba\u6ce8\u76ee\u7684\u662f\uff0c\u8fd9\u4e00\u8f6e\u629b\u552e\u4e3b\u8981\u7531\u9ec4\u91d1\u548c\u767d\u94f6\u9a71\u52a8\uff0c\u800c\u975e\u6cb9\u6c14\u7c7bETF\u3002\u201d\u4e8b\u5b9e\u4e0a\uff0c\u7f8e\u56fd\u77f3\u6cb9\u57fa\u91d1\uff08USO\uff093\u6708\u4ee5\u6765\u53cd\u800c\u5f55\u5f97\u7ea64\u4ebf\u7f8e\u5143\u8d44\u91d1\u6d41\u5165\u3002<\/p>\n

\u8d44\u91d1\u64a4\u79bb\u7684\u80cc\u540e\u662f\u9ec4\u91d1\u4ef7\u683c\u81ea2\u6708\u5e95\u4f0a\u6717\u51b2\u7a81\u7206\u53d1\u4ee5\u6765\u8fde\u7eed\u8d70\u4f4e\u3002\u622a\u81f33\u670826\u65e5\uff0c\u73b0\u8d27\u9ec4\u91d1\u8f83\u51b2\u7a81\u524d\u9ad8\u70b9\u56de\u843d\u7ea615%\uff0c\u767d\u94f6\u8dcc\u5e45\u8fbe25%\uff0c\u8868\u73b0\u660e\u663e\u5f31\u4e8e\u540c\u671f\u4e0b\u8dcc5%\u7684\u6807\u666e500\u6307\u6570\u3002<\/p>\n

\u7136\u800c\uff0c\u5728\u5e02\u573a\u60c5\u7eea\u4e0e\u4ef7\u683c\u8d70\u52bf\u5f62\u6210\u201c\u80cc\u79bb\u201d\u7684\u8868\u8c61\u4e4b\u4e0b\uff0c\u652f\u6491\u9ec4\u91d1\u957f\u671f\u6295\u8d44\u4ef7\u503c\u7684\u6838\u5fc3\u903b\u8f91\u5e76\u672a\u88ab\u6253\u7834\u3002<\/p>\n

\u903b\u8f91\u4e00\uff1a\u5730\u7f18\u907f\u9669\u9700\u6c42\u4ecd\u5728\uff0c\u53ea\u662f\u89e6\u53d1\u673a\u5236\u4e0d\u540c<\/h2>\n

\u5e03\u9c81\u91d1\u65af\u5b66\u4f1a\u9ad8\u7ea7\u7814\u7a76\u5458\u3001\u524d\u9ad8\u76db\u5916\u6c47\u7b56\u7565\u4e3b\u7ba1Robin Brooks\u8ba4\u4e3a\uff0c\u8fd1\u671f\u91d1\u4ef7\u4e0b\u8dcc\u5e76\u4e0d\u80fd\u5426\u5b9a\u5176\u907f\u9669\u8d44\u4ea7\u7684\u5730\u4f4d\u3002\u4ed6\u5728\u6700\u65b0\u5206\u6790\u4e2d\u6307\u51fa\uff0c\u5f53\u524d\u6807\u666e500\u6307\u6570\u4ec5\u4e0b\u8dcc5%\uff0c\u8fdc\u672a\u8fbe\u5230\u201c\u5927\u89c4\u6a21\u907f\u9669\u201d\u7684\u9608\u503c\uff0c\u56e0\u6b64\u9ec4\u91d1\u7684\u907f\u9669\u5c5e\u6027\u5e76\u672a\u771f\u6b63\u88ab\u6fc0\u6d3b\u3002\u201c\u4fc4\u7f57\u65af\u5165\u4fb5\u4e4c\u514b\u5170\u65f6\uff0c\u9ec4\u91d1\u4e5f\u672a\u51fa\u73b0\u660e\u663e\u4e0a\u6da8\uff0c\u8fd9\u4e0e\u5f53\u4e0b\u7684\u60c5\u51b5\u7c7b\u4f3c\u3002\u201dBrooks\u8868\u793a\uff0c\u8fd9\u53cd\u800c\u8bf4\u660e\u8fd1\u671f\u91d1\u4ef7\u56de\u8c03\u66f4\u591a\u662f\u201c\u4ed3\u4f4d\u51fa\u6e05\u201d\u7684\u7ed3\u679c\uff0c\u800c\u975e\u907f\u9669\u903b\u8f91\u7684\u5931\u6548\u3002<\/p>\n

\u903b\u8f91\u4e8c\uff1a\u6cd5\u5e01\u8d2c\u503c\u5bf9\u51b2\u903b\u8f91\u672a\u53d8\uff0c\u8d22\u653f\u7eaa\u5f8b\u4f9d\u7136\u677e\u6563<\/h2>\n

\u5728Brooks\u770b\u6765\uff0c\u652f\u6301\u91d1\u4ef7\u4e2d\u957f\u671f\u8d70\u5f3a\u7684\u53e6\u4e00\u6838\u5fc3\u903b\u8f91\u2014\u2014\u8d27\u5e01\u8d2c\u503c\u5bf9\u51b2\u2014\u2014\u4f9d\u7136\u7a33\u56fa\u3002\u201c\u7f8e\u56fd\u53ca\u5176\u4ed6\u56fd\u5bb6\u7684\u8d22\u653f\u653f\u7b56\u4e0e\u6218\u524d\u4e00\u6837\u7f3a\u4e4f\u7eaa\u5f8b\uff0c\u56e0\u6b64\uff0c\u5bfb\u6c42\u5bf9\u51b2\u503a\u52a1\u8d27\u5e01\u5316\u98ce\u9669\u7684\u907f\u9669\u9700\u6c42\u5c06\u6301\u7eed\u5b58\u5728\u3002\u201d\u8fd9\u4e00\u5224\u65ad\u4e5f\u547c\u5e94\u4e86\u9ec4\u91d1\u57282025\u5e74\u672b\u81f32026\u5e74\u521d\u6301\u7eed\u4e0a\u6da8\u7684\u80cc\u666f\uff1a\u5728\u907f\u9669\u9700\u6c42\u5c1a\u672a\u5927\u89c4\u6a21\u89e6\u53d1\u4e4b\u524d\uff0c\u9ec4\u91d1\u65e9\u5df2\u56e0\u5e02\u573a\u5bf9\u5168\u7403\u4e3b\u8981\u7ecf\u6d4e\u4f53\u8d22\u653f\u8d64\u5b57\u6269\u5f20\u7684\u62c5\u5fe7\u800c\u63d0\u524d\u8d70\u9ad8\u3002<\/p>\n

\u903b\u8f91\u4e09\uff1a\u8d44\u91d1\u51fa\u9003\u66f4\u591a\u662f\u201c\u5229\u6da6\u9501\u5b9a\u201d\u4e0e\u201c\u6d41\u52a8\u6027\u8c03\u7528\u201d\uff0c\u800c\u975e\u903b\u8f91\u9006\u8f6c<\/h2>\n

\u5bf9\u4e8e\u672c\u8f6e\u8d44\u91d1\u6d41\u51fa\u7684\u6027\u8d28\uff0c\u591a\u4f4d\u5206\u6790\u5e08\u503e\u5411\u4e8e\u5c06\u5176\u5f52\u56e0\u4e8e\u77ed\u671f\u884c\u4e3a\uff0c\u800c\u975e\u7ed3\u6784\u6027\u903b\u8f91\u53cd\u8f6c\u3002<\/p>\n

Psarofagis\u6307\u51fa\uff0c\u7531\u4e8e\u91d1\u4ef7\u5728\u51b2\u7a81\u524d\u5df2\u7d2f\u79ef\u8f83\u5927\u6da8\u5e45\uff0c\u201c\u6295\u8d44\u8005\u62c5\u5fc3\u56de\u8c03\uff0c\u9009\u62e9\u83b7\u5229\u4e86\u7ed3\uff0c\u8fd9\u662f\u6700\u76f4\u63a5\u7684\u539f\u56e0\u201d\u3002DeCarley Trading\u9ad8\u7ea7\u5546\u54c1\u7b56\u7565\u5e08Carley Garner\u4e5f\u8ba4\u4e3a\uff0c\u201c\u8bb8\u591a\u91d1\u5c5e\u4e70\u5bb6\u5728\u7ecf\u5386\u4e86\u5feb\u901f\u4e14\u8f83\u5927\u5e45\u5ea6\u7684\u56de\u8c03\u540e\uff0c\u4ea7\u751f\u4e86\u2018\u4e70\u5bb6\u540e\u6094\u2019\uff0c\u73b0\u5728\u6b63\u5728\u5bfb\u627e\u4e0b\u4e00\u4e2a\u65b9\u5411\u3002\u201d<\/p>\n

\u6b64\u5916\uff0cBrooks\u8865\u5145\u4e86\u53e6\u4e00\u79cd\u89e3\u91ca\uff1a\u5e02\u573a\u6574\u4f53\u6ce2\u52a8\u7387\u4e0a\u5347\uff0c\u5bfc\u81f4\u90e8\u5206\u5bf9\u51b2\u57fa\u91d1\u7b49\u673a\u6784\u9762\u4e34\u8ffd\u52a0\u4fdd\u8bc1\u91d1\u538b\u529b\uff0c\u8feb\u4f7f\u4ed6\u4eec\u629b\u552e\u9ec4\u91d1\u7b49\u76c8\u5229\u5934\u5bf8\u4ee5\u6362\u53d6\u6d41\u52a8\u6027\u3002\u201c\u8fd9\u5e76\u4e0d\u610f\u5473\u7740\u9ec4\u91d1\u7684\u5bf9\u51b2\u5c5e\u6027\u5931\u6548\uff0c\u800c\u662f\u53cd\u6620\u51fa\u5f53\u524d\u5e02\u573a\u73af\u5883\u7684\u590d\u6742\u6027\u3002\u201d<\/p>\n

\u77ed\u671f\u6ce2\u52a8\u4e0d\u6539\u957f\u671f\u903b\u8f91<\/h2>\n

\u4ece\u4ea4\u6613\u7ed3\u6784\u770b\uff0c\u672c\u8f6e\u629b\u552e\u7684\u786e\u5448\u73b0\u51fa\u5178\u578b\u7684\u201c\u6563\u6237\u83b7\u5229\u4e86\u7ed3\u201d\u7279\u5f81\u3002\u5f6d\u535a\u6570\u636e\u663e\u793a\uff0c\u4eca\u5e742\u6708\u5546\u54c1ETF\u66fe\u8fde\u7eed\u7b2c\u4e5d\u4e2a\u6708\u5f55\u5f97\u8d44\u91d1\u51c0\u6d41\u5165\uff0c\u5f53\u6708\u5438\u91d1\u8fd170\u4ebf\u7f8e\u5143\uff0c\u5176\u4e2d\u5927\u91cf\u8d44\u91d1\u6765\u81ea\u6b64\u524d\u8f83\u5c11\u53c2\u4e0e\u8d35\u91d1\u5c5e\u4ea4\u6613\u7684\u96f6\u552e\u6295\u8d44\u8005\u3002<\/p>\n

\u201c\u8d35\u91d1\u5c5e\u5728\u6218\u524d\u7684\u5927\u5e45\u4e0a\u6da8\u65e0\u7591\u5438\u5f15\u4e86\u5927\u91cf\u6563\u6237\uff0c\u8fd9\u53ef\u80fd\u4f1a\u6539\u53d8\u8d35\u91d1\u5c5e\u7684\u4ea4\u6613\u884c\u4e3a\uff0c\u4f7f\u5176\u5728\u67d0\u4e9b\u9636\u6bb5\u8868\u73b0\u5f97\u66f4\u50cf\u98ce\u9669\u8d44\u4ea7\u3002\u201dRobin Brooks\u8868\u793a\uff0c\u201c\u4f46\u8fd9\u662f\u6295\u8d44\u8005\u57fa\u7840\u62d3\u5bbd\u5e26\u6765\u7684\u77ed\u671f\u4ef7\u683c\u884c\u4e3a\u53d8\u5316\uff0c\u5e76\u4e0d\u5426\u5b9a\u9ec4\u91d1\u4f5c\u4e3a\u957f\u671f\u907f\u9669\u548c\u6297\u8d2c\u503c\u5de5\u5177\u7684\u5c5e\u6027\u3002\u201d<\/p>\n

\u5bf9\u4e8e\u957f\u671f\u914d\u7f6e\u8005\u800c\u8a00\uff0c\u5386\u53f2\u6700\u5927\u89c4\u6a21ETF\u8d4e\u56de\u7684\u6570\u5b57\u867d\u7136\u9707\u64bc\uff0c\u4f46\u771f\u6b63\u9700\u8981\u5173\u6ce8\u7684\uff0c\u4ecd\u662f\u652f\u6491\u91d1\u4ef7\u7684\u90a3\u4e09\u6761\u5e95\u5c42\u903b\u8f91\u662f\u5426\u4f9d\u7136\u6210\u7acb\u3002\u81f3\u5c11\u5728\u5f53\u4e0b\uff0c\u5b83\u4eec\u4e00\u4e2a\u90fd\u6ca1\u7834\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u4e2d\u4e1c\u6218\u706b\u672a\u7184\uff0c\u9ec4\u91d1\u5e02\u573a\u5374\u4e0a\u6f14\u4e86\u4e00\u573a\u53cd\u5e38\u7684\u201c\u8d44\u91d1\u9003\u4ea1\u201d\u3002\u5f6d\u535a\u667a\u5e93\u6570\u636e\u663e\u793a\uff0c\u622a\u81f33\u670826\u65e5\uff0c\u5168\u7f8e\u7ea6100\u53ea\u5546\u54c1ET […]<\/p>\n","protected":false},"author":27,"featured_media":551025,"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":[2190,2134,659,440],"class_list":["post-627587","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1521","category-trends-strategies-zh-hans","category-2196","tag-etf-sch","tag-2134","tag-659","tag-440","sectors-gold-zh-hans","locations-us-zh-hans","exchange-nyse-zh-hans"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/627587","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=627587"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/627587\/revisions"}],"predecessor-version":[{"id":627590,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/627587\/revisions\/627590"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media\/551025"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=627587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=627587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/tags?post=627587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}