{"id":440473,"date":"2022-10-20T00:36:55","date_gmt":"2022-10-20T07:36:55","guid":{"rendered":"https:\/\/nai500.com\/blog\/2022\/10\/%e7%be%8e%e8%82%a1-%e9%ab%98%e9%a3%8e%e9%99%a9%e6%8a%95%e8%b5%84%e8%80%85-7%e5%8f%aa-%e7%be%8e%e5%9b%bd%e5%b0%8f%e7%9b%98%e8%82%a1etf\/"},"modified":"2022-10-20T00:37:09","modified_gmt":"2022-10-20T07:37:09","slug":"%e7%be%8e%e8%82%a1-%e9%ab%98%e9%a2%a8%e9%9a%aa%e6%8a%95%e8%b3%87%e8%80%85-7%e5%8f%aa-%e7%be%8e%e5%9c%8b%e5%b0%8f%e7%9b%a4%e8%82%a1etf","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2022\/10\/%e7%be%8e%e8%82%a1-%e9%ab%98%e9%a2%a8%e9%9a%aa%e6%8a%95%e8%b3%87%e8%80%85-7%e5%8f%aa-%e7%be%8e%e5%9c%8b%e5%b0%8f%e7%9b%a4%e8%82%a1etf\/","title":{"rendered":"\u7f8e\u80a1\u6210\u9577\u6295\u8cc7\uff1a\u9069\u5408\u9ad8\u98a8\u96aa\u6295\u8cc7\u8005\u76847\u53ea\u7f8e\u570b\u5c0f\u76e4\u80a1ETF"},"content":{"rendered":"

\u5c0f\u76e4\u80a1\u6307\u7684\u662f\u5e02\u503c\u5728$3.00-$20\u5104\u4e4b\u9593\u7684\u4e0a\u5e02\u516c\u53f8\u3002\u76f8\u5c0d\u4e2d\u76e4\u80a1\u548c\u5927\u76e4\u80a1\uff0c\u5c0f\u76e4\u80a1\u6ce2\u52d5\u66f4\u5927\uff0c\u4f46\u9577\u671f\u6536\u76ca\u7387\u4e5f\u66f4\u9ad8\u3002Eugene Fama\u548cKenneth French\u767c\u73fe\u9019\u4e00\u73fe\u8c61\u4e26\u5c07\u5176\u7d0d\u5165\u201c\u4e94\u56e0\u5b50\u6a21\u578b\u201d\u7576\u4e2d\u3002\u6309\u7167\u9019\u4e00\u6a21\u578b\uff0c\u6709\u4e9b\u80a1\u7968\u7684\u963f\u723e\u6cd5\uff08\u03b1\uff09\u4f86\u81ea\u65bc\u5b83\u5011\u7684\u898f\u6a21\uff08size\uff09\u3002\u9019\u4e00\u98a8\u96aa\u56e0\u5b50\u88ab\u7a31\u70ba\u8cec\u9762\u5e02\u503c\u6bd4\u56e0\u5b50\uff08HmL\uff09\uff0c\u6307\u7684\u662f\u5c0f\u76e4\u80a1\u76f8\u5c0d\u5927\u76e4\u80a1\u7684\u8d85\u984d\u6536\u76ca\u3002<\/p>\n

\u5982\u679c\u4f60\u60f3\u964d\u4f4e\u5c0f\u76e4\u80a1\u6295\u8cc7\u7684\u98a8\u96aa\uff0c\u4ea4\u6613\u6240\u4ea4\u6613\u57fa\u91d1\uff08ETF\uff09\u662f\u4e00\u500b\u4e0d\u932f\u7684\u9078\u64c7\uff0c\u6bd4\u5982\u8aaa\u4e0b\u9762\u90197\u53ea\u7f8e\u570b\u5c0f\u76e4\u80a1ETF\u3002<\/p>\n

\u7f8e\u570b\u5c0f\u76e4\u80a1ETF 1\uff1aVanguard Small-Cap ETF\uff08VB\uff09<\/a><\/h2>\n

VB\u8ddf\u8e64\u6307\u6578CRSP US Small Cap Index\uff08\u6301\u6709\u7e3d\u8a081504\u53ea\u80a1\u7968\uff09\uff0c\u677f\u584a\u6b0a\u91cd\u6700\u5927\u7684\u662f\u5de5\u696d\uff0819.8%\uff09\uff0c\u63a5\u4e0b\u4f86\u662f\u91d1\u878d\uff0815.3%\uff09\u548c\u53ef\u9078\u6d88\u8cbb\uff0814.3%\uff09\uff0c\u79d1\u6280\u677f\u584a\u50c5\u670911.7%\u3002\u4e0d\u904e\uff0c\u8a72ETF\u7684\u5e02\u503c\u4e2d\u4f4d\u6578\u70ba$48\u5104\uff0c\u5df2\u7d93\u8655\u65bc\u4e2d\u7b49\u5e02\u503c\u5340\u9593\uff0c\u56e0\u6b64\u53ef\u80fd\u4e0d\u53d7\u5c0f\u5e02\u503c\u50f9\u503c\u6295\u8cc7\u8005\u7684\u9752\u775e\u3002\u597d\u5728VB\u7684\u8cbb\u7528\u7387\u4f4e\u81f30.05%\uff0c$1\u842c\u6295\u8cc7\u984d\u6bcf\u5e74\u7684\u8cbb\u7528\u53ea\u6709$5\uff0c\u7d55\u5c0d\u662f\u88ab\u52d5\u578b\u5c0f\u76e4\u80a1\u6295\u8cc7\u8005\u7684\u4f4e\u6210\u672c\u4e4b\u9078\u3002<\/p>\n

\u7f8e\u570b\u5c0f\u76e4\u80a1ETF 2\uff1aVanguard Small-Cap Growth ETF\uff08VBK\uff09<\/a><\/h2>\n

VBK\u8ddf\u8e64\u6307\u6578CRSP US Small Cap Growth Index\uff08\u6301\u6709700\u53ea\u80a1\u7968\uff09\u3002\u4f5c\u70ba\u4e00\u96bb\u6210\u9577\u578b\u5c0f\u76e4\u80a1ETF\uff0cVBK\u7684\u76c8\u5229\u589e\u901f\u9ad8\u65bcVB\uff0819.2%\uff09\uff0c\u6301\u80a1\u4e5f\u66f4\u52a0\u96c6\u4e2d\u65bc\u79d1\u6280\u548c\u91ab\u7642\u80a1\u3002\u6b64\u5916\uff0c\u7531\u65bc\u8a72ETF\u7684\u69cb\u6210\u662f\u6210\u9577\u80a1\uff0c\u6d3e\u606f\u4e0d\u591a\uff0c\u56e0\u6b64\u53ef\u80fd\u6703\u5728\u7a05\u6536\u65b9\u9762\u76f8\u6bd4VB\u66f4\u6709\u512a\u52e2\u3002VBK\u7684\u8cbb\u7528\u7387\u70ba0.07%\u3002<\/p>\n

\u7f8e\u570b\u5c0f\u76e4\u80a1ETF 3\uff1aDimensional U.S. Small-Cap ETF\uff08DFAS\uff09<\/a><\/h2>\n

Dimensional Fund Advisors\u662f\u5168\u7403\u77e5\u540d\u7684\u56e0\u5b50\u6295\u8cc7\u5c08\u5bb6\uff0c\u516c\u53f8\u5275\u59cb\u4eba\u5c31\u8b80\u4e8e\u829d\u52a0\u54e5\u5927\u5b78\u6642\u5c31\u66fe\u5e2b\u5f9e\u65bcFama\u548cFrench\u3002\u76f8\u6bd4VB\uff0cDFAS\u7684\u898f\u6a21\u98a8\u96aa\u56e0\u5b50\u66b4\u9732\u66f4\u512a\uff0c\u5e02\u6de8\u7387\u548c\u5e02\u503c\u4e2d\u4f4d\u6578\u66f4\u4f4e\uff0c\u540c\u6642\u9078\u80a1\u6a19\u6e96\u4e2d\u9084\u5305\u62ec\u76c8\u5229\u80fd\u529b\u3002\u96d6\u7136\u4e0d\u662f\u771f\u6b63\u7684\u88ab\u52d5\u6307\u6578\u578bETF\uff0c\u4f46DFAS\u9075\u5b88\u56b4\u683c\u7684\uff0c\u57fa\u65bc\u5b9a\u91cf\u898f\u5247\u7684\u65b9\u6cd5\u8ad6\u30021998\u5e74\u6210\u7acb\u4ee5\u4f86\uff0cDFAS\u5c0d\u7b49\u5171\u540c\u57fa\u91d1\u7684\u5e74\u5316\u6536\u76ca\u7387\u70ba8.63%\uff0c\u9ad8\u65bc\u7f85\u7d202000\u6307\u6578\u57fa\u6e96\u76847.71%\u3002\u4e0d\u904e\uff0c\u8a72ETF\u6210\u672c\u8f03\u9ad8\uff0c\u8cbb\u7528\u7387\u90540.28%\u3002<\/p>\n

\u7f8e\u570b\u5c0f\u76e4\u80a1Value ETF 4\uff1aDimensional U.S. Small-Cap Value ETF\uff08DFSV\uff09<\/a><\/h2>\n

\u8ddfDFAS\u4e00\u6a23\uff0cDFSV\u4e5f\u540c\u5c6cDimensional\u65d7\u4e0b\uff0c\u4e26\u4e14\u4e5f\u662f\u63a1\u7528\u5b9a\u91cf\u898f\u5247\u7684\u65b9\u6cd5\u6311\u9078\u8655\u65bc\u50f9\u503c\u5340\u9593\u7684\u5c0f\u76e4\u80a1\u3002\u6574\u9ad4\u4f86\u770b\uff0c\u5c0f\u76e4\u50f9\u503c\u80a1\u5728\u4e0d\u540c\u6efe\u52d5\u9031\u671f\u5167\u90fd\u662f\u7f8e\u80a1\u7576\u4e2d\u8868\u73fe\u6700\u5f37\u7684\u4e00\u985e\u80a1\u7968\u3002DFSV\u5c0d\u7b49\u5171\u540c\u57fa\u91d1\u904e\u53bb10\u5e74\u7684\u5e74\u5316\u6536\u76ca\u7387\u70ba9.08%\uff0c\u9ad8\u65bc\u7f85\u7d202000\u50f9\u503c\u6307\u6578\u57fa\u6e96\u76847.94%\uff0c\u540c\u66421993\u5e74\u6210\u7acb\u4ee5\u4f86\u7684\u5e74\u5316\u6536\u76ca\u7387\u70ba10.66%\u3002\u8a72ETF\u7684\u8cbb\u7528\u7387\u70ba0.31%\u3002<\/p>\n

\u7f8e\u570b\u5c0f\u76e4\u80a1ETF 5\uff1aSPDR S&P 600 Small Cap Value ETF\uff08SLYV\uff09<\/a><\/h2>\n

\u985e\u4f3cDFSV\u9019\u6a23\u7684\u985e\u4e3b\u52d5\u7ba1\u7406ETF\u8cbb\u7528\u7387\u548c\u57fa\u91d1\u5468\u8f49\u7387\u504f\u9ad8\uff0c\u56e0\u6b64\u5c0f\u76e4\u80a1\u50f9\u503c\u6295\u8cc7\u8005\u53ef\u80fd\u6703\u66f4\u9752\u775eSLYV\u9019\u6a23\u7684\u88ab\u52d5\u7ba1\u7406\u6307\u6578\u57fa\u91d1\u3002\u8a72ETF\u7684\u8ddf\u8e64\u6307\u6578S&P SmallCap 600 Value Index\u805a\u7126\u65bc\u5e02\u6de8\u7387\u3001\u5e02\u76c8\u7387\u548c\u5e02\u92b7\u7387\u6700\u4f4e\u7684\u5c0f\u76e4\u80a1\uff0c\u5e02\u503c\u4e2d\u4f4d\u6578\u53ea\u6709$11.8\u5104\uff0c\u5c0f\u5e02\u503c\u50f9\u503c\u5c6c\u6027\u66f4\u660e\u986f\u3002\u904e\u53bb10\u5e74\uff0cSLYV\u7684\u5e74\u5316\u6536\u76ca\u7387\u70ba9.92%\uff0c\u76ee\u524d\u8cbb\u7528\u73870.15%\u3002<\/p>\n

\u7f8e\u570b\u5c0f\u76e4\u80a1ETF 6\uff1aAvantis International Small Cap Value ETF\uff08AVDV\uff09<\/h2>\n

AVDV\u7684\u767c\u884c\u4eba\u662fAvantis Investors\uff0c\u516c\u53f8\u5275\u59cb\u4eba\u662f\u524dDimensional Fund Advisors\u7684\u9ad8\u7ba1\uff0c\u56e0\u6b64\u7e7c\u627f\u4e86\u56e0\u5b50\u6295\u8cc7\u98a8\u683c\u3002\u8a72ETF\u6cbf\u7528\u57fa\u65bc\u898f\u5247\u7684\u65b9\u6cd5\u7be9\u9078\u5c0f\u5e02\u503c\u50f9\u503c\u80a1\uff0c\u540c\u6642\u8003\u616e\u76c8\u5229\u80fd\u529b\u4ee5\u53ca\u4ea4\u6613\u5ba4\u80a1\u50f9\u52d5\u91cf\u3002\u9664\u4e86\u7f8e\u570b\u516c\u53f8\uff0cAVDV\u9084\u6295\u8cc7\u8af8\u5982\u6b50\u5143\u5340\u3001\u82f1\u570b\u3001\u6fb3\u5927\u5229\u4e9e\u3001\u65e5\u672c\u4ee5\u53ca\u52a0\u62ff\u5927\u7b49\u767c\u9054\u5e02\u5834\u7684\u5c0f\u5e02\u503c\u50f9\u503c\u80a1\u3002\u8a72ETF\u8cbb\u7528\u73870.36%\u3002<\/p>\n

\u7f8e\u570b\u5c0f\u76e4\u80a1ETF 7\uff1aWisdomTree Emerging Markets Small Cap Dividend Fund\uff08DGS\uff09<\/h2>\n

\u76ee\u524d\u7f8e\u570b\u5e02\u5834\u4e0a\u9084\u6c92\u6709\u8ddf\u8e64\u65b0\u8208\u5e02\u5834\u5c0f\u5e02\u503c\u50f9\u503c\u80a1\u7684ETF\uff0c\u4f46DGS\u53ef\u4ee5\u6eff\u8db3\u6295\u8cc7\u8005\u7684\u9019\u4e00\u9700\u6c42\u3002\u8a72ETF\u805a\u7126\u4e8e\u80a1\u606f\u6210\u9577\u578b\u7684\u5c0f\u5e02\u503c\u65b0\u8208\u5e02\u5834\u80a1\u7968\uff0c\u800c\u9019\u4e00\u9078\u80a1\u6a19\u6e96\u6070\u597d\u78ba\u4fdd\u4e86Fama\u548cFrench\u7684\u50f9\u503c\u548c\u76c8\u5229\u56e0\u5b50\u66b4\u9732\u3002\u96d6\u7136\u5c0f\u773e\uff0c\u4f46DGS\u5438\u5f15\u4e86\u8d85\u904e$20\u5104\u7684\u8cc7\u91d1\u3002\u7136\u800c\uff0c\u65b0\u8208\u5e02\u5834\u80a1\u7968\u6307\u6578\u5316\u7684\u4ee3\u50f9\u9ad8\u6602\uff0c\u56e0\u6b64\u8a72ETF\u7684\u8cbb\u7528\u7387\u4e5f\u504f\u9ad8\uff080.58%\uff09\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

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