{"id":637445,"date":"2026-05-14T18:22:28","date_gmt":"2026-05-15T01:22:28","guid":{"rendered":"https:\/\/nai500.com\/?p=637445"},"modified":"2026-05-14T18:22:28","modified_gmt":"2026-05-15T01:22:28","slug":"%e7%99%bd%e9%8a%80-%e6%b3%a2%e5%8b%95-%e5%8a%a0%e5%8a%87-ubs-%e5%9b%a0%e4%bd%95-%e5%a4%a7%e5%b9%85-%e4%b8%8b%e8%aa%bf-%e5%83%b9%e6%a0%bc-%e9%a0%90%e6%9c%9f%ef%bc%9f","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2026\/05\/%e7%99%bd%e9%8a%80-%e6%b3%a2%e5%8b%95-%e5%8a%a0%e5%8a%87-ubs-%e5%9b%a0%e4%bd%95-%e5%a4%a7%e5%b9%85-%e4%b8%8b%e8%aa%bf-%e5%83%b9%e6%a0%bc-%e9%a0%90%e6%9c%9f%ef%bc%9f\/","title":{"rendered":"\u767d\u9280\u6ce2\u52d5\u52a0\u5287\u4e4b\u969b\uff0cUBS\u56e0\u4f55\u5927\u5e45\u4e0b\u8abf\u50f9\u683c\u9810\u671f\uff1f"},"content":{"rendered":"

\u8fd1\u671f\u767d\u9280\u5e02\u5834\u906d\u9047\u5287\u70c8\u6ce2\u52d5\u3002\u622a\u6b625\u670814\u65e5\u6536\u76e4\u524d\uff0c\u73fe\u8ca8\u767d\u9280\u8dcc\u783485\u7f8e\u5143\u95dc\u53e3\uff0c\u55ae\u65e5\u8dcc\u5e45\u8d853%\u3002\u5c31\u5728\u6b64\u6642\uff0c\u745e\u9280\u96c6\u5718\u767c\u5e03\u6700\u65b0\u7814\u5831\uff0c\u5927\u5e45\u4e0b\u8abf\u767d\u9280\u50f9\u683c\u9810\u671f\uff0c\u5f15\u767c\u5e02\u5834\u5ee3\u6cdb\u95dc\u6ce8\u3002<\/p>\n

UBS\u770b\u7a7a\u767d\u9280\u7684\u4e09\u5927\u6838\u5fc3\u539f\u56e0<\/strong><\/p>\n

\u745e\u9280\u7b56\u7565\u5e2bWayne Gordon\u548cDominic Schnider\u5728\u5831\u544a\u4e2d\u660e\u78ba\u6307\u51fa\uff0c2026\u5e74\u767d\u9280\u4f9b\u9700\u683c\u5c40\u5c07\u767c\u751f\u6839\u672c\u6027\u8f49\u8b8a\u3002\u6b64\u524d\u5e02\u5834\u666e\u904d\u9810\u671f\u767d\u9280\u5c07\u9023\u7e8c\u7b2c\u56db\u5e74\u51fa\u73fe\u4f9b\u61c9\u7f3a\u53e3\uff0c\u4f46\u745e\u9280\u6700\u65b0\u9810\u6e2c\u986f\u793a\uff0c\u4eca\u5e74\u7684\u4f9b\u61c9\u7f3a\u53e3\u5c07\u5f9e\u539f\u4f86\u4f30\u8a08\u76843\u5104\u76ce\u53f8\u6025\u5287\u6536\u7a84\u81f3\u50c56000-7000\u842c\u76ce\u53f8\u3002\u9019\u4e00\u201c\u65b7\u5d16\u5f0f\u201d\u6536\u7e2e\uff0c\u662f\u9280\u50f9\u4e0a\u884c\u52d5\u80fd\u6d88\u9000\u7684\u6839\u6e90\u3002<\/p>\n

\u5177\u9ad4\u4f86\u770b\uff0c\u9700\u6c42\u7aef\u51fa\u73fe\u4e09\u91cd\u6253\u64ca\uff1a\u7b2c\u4e00\uff0c\u5149\u4f0f\u7528\u9280\u9700\u6c42\u56e0\u9280\u50f9\u9ad8\u4f01\u800c\u6e1b\u5f31\u2014\u2014\u592a\u967d\u80fd\u96fb\u6c60\u96d6\u70ba\u8fd1\u5e74\u767d\u9280\u6d88\u8cbb\u7684\u6700\u5927\u589e\u91cf\u4f86\u6e90\uff0c\u4f46\u6bcf\u74e6\u9280\u6f3f\u6210\u672c\u4e0a\u5347\u5df2\u4fc3\u4f7f\u5ee0\u5546\u52a0\u901f\u201c\u5c11\u9280\u5316\u201d\u6280\u8853\u66ff\u4ee3\uff1b\u7b2c\u4e8c\uff0c\u9280\u98fe\u548c\u9280\u5668\u6d88\u8cbb\u540c\u6a23\u53d7\u9ad8\u50f9\u6291\u5236\uff0c\u5c24\u5176\u662f\u5728\u50f9\u683c\u654f\u611f\u7684\u5370\u5ea6\u7b49\u65b0\u8208\u5e02\u5834\uff1b\u7b2c\u4e09\uff0c\u6295\u8cc7\u9700\u6c42\u5927\u5e45\u964d\u6eab\uff0c\u5168\u7403\u767d\u9280ETF\u6301\u5009\u5df2\u7d2f\u8a08\u6d41\u51fa\u8fd17000\u842c\u76ce\u53f8\uff0c\u964d\u81f3\u7d047.94\u5104\u76ce\u53f8\uff0c\u671f\u8ca8\u5e02\u5834\u7684\u6de8\u6295\u6a5f\u591a\u982d\u982d\u5bf8\u4e5f\u5927\u5e45\u56de\u843d\u3002<\/p>\n

\u57fa\u65bc\u6b64\uff0c\u745e\u9280\u5c072026\u5e74\u5168\u5e74\u6295\u8cc7\u9700\u6c42\u9810\u671f\u5f9e4\u5104\u76ce\u53f8\u4ee5\u4e0a\u4e0b\u8abf\u81f33\u5104\u76ce\u53f8\u3002\u76f8\u61c9\u5730\uff0c\u4e8c\u5b63\u5ea6\u672b\u9280\u50f9\u76ee\u6a19\u5f9e100\u7f8e\u5143\u4e0b\u8abf\u81f385\u7f8e\u5143\uff0c9\u6708\u5e95\u964d\u81f385\u7f8e\u5143\uff0c\u5e74\u5e95\u964d\u81f380\u7f8e\u5143\uff0c2027\u5e743\u6708\u9032\u4e00\u6b65\u964d\u81f375\u7f8e\u5143\u3002<\/p>\n

\u9ec3\u91d1<\/strong>\u201c<\/strong>\u6258\u5e95<\/strong>\u201d<\/strong>\u4f46\u96e3\u6539\u9707\u8569\u683c\u5c40<\/strong><\/p>\n

\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0c\u745e\u9280\u4e26\u672a\u5b8c\u5168\u770b\u6b7b\u767d\u9280\u3002\u5831\u544a\u6307\u51fa\uff0c\u9ec3\u91d1\u4ecd\u5c07\u8da8\u52e2\u6027\u4e0a\u6f32\uff0c\u91d1\u9280\u6bd4\u8fd1\u671f\u76f8\u95dc\u6027\u589e\u5f37\uff0c\u9019\u70ba\u767d\u9280\u63d0\u4f9b\u4e86\u4e00\u5b9a\u7a0b\u5ea6\u7684\u6258\u5e95\u3002\u9810\u8a08\u91d1\u9280\u6bd4\u5c07\u541175-80\u5340\u9593\u79fb\u52d5\uff08\u76ee\u524d\u7d04\u572884-85\u9644\u8fd1\uff09\u3002\u63db\u8a00\u4e4b\uff0c\u5982\u679c\u91d1\u50f9\u7e7c\u7e8c\u8d70\u9ad8\uff0c\u767d\u9280\u7684\u4e0b\u8dcc\u7a7a\u9593\u4e5f\u6703\u53d7\u5230\u4e00\u5b9a\u7d04\u675f\u3002<\/p>\n

\u4f46\u6574\u9ad4\u4e0a\uff0c\u745e\u9280\u8a8d\u70ba\u9280\u50f9\u5c07\u201c\u5927\u81f4\u6a6b\u76e4\u6574\u7406\u201d\u3002\u5728\u7576\u524d\u74b0\u5883\u4e0b\uff0c\u5206\u6790\u5e2b\u66f4\u50be\u5411\u65bc\u5efa\u8b70\u6295\u8cc7\u8005\u201c\u8ce3\u51fa\u6ce2\u52d5\u7387\u201d\u800c\u975e\u6301\u6709\u55ae\u908a\u591a\u982d\u982d\u5bf8\u3002\u76e1\u7ba1\u767d\u9280\u7684\u96b1\u542b\u6ce2\u52d5\u7387\u5df2\u5f9e2\u6708\u4efd\u8fd1150%\u7684\u66c6\u53f2\u6975\u503c\u56de\u843d\uff0c\u4f46\u4ecd\u8655\u65bc\u9ad8\u4f4d\uff0c\u672a\u4f86\u4e09\u500b\u6708\u901a\u904e\u8ce3\u51fa\u770b\u8dcc\u671f\u6b0a\u4f86\u8cfa\u53d6\u6642\u9593\u50f9\u503c\uff0c\u662f\u66f4\u5177\u5438\u5f15\u529b\u7684\u7b56\u7565\u3002<\/p>\n

\u6295\u8cc7\u8005\u5982\u4f55\u9810\u5224\u5f8c\u5e02\uff1f<\/strong><\/p>\n

\u5c0d\u65bc\u666e\u901a\u6295\u8cc7\u8005\u800c\u8a00\uff0c\u73fe\u968e\u6bb5\u61c9\u91cd\u9ede\u95dc\u6ce8\u4ee5\u4e0b\u5e7e\u500b\u4fe1\u865f\uff1a<\/p>\n

\u7f8e\u806f\u5132\u653f\u7b56\u8def\u5f91<\/strong>\uff1a\u7f8e\u570b4\u6708PPI\u5275\u56db\u5e74\u6700\u5927\u6f32\u5e45\uff0c\u901a\u8139\u58d3\u529b\u82e5\u8feb\u4f7f\u5229\u7387\u7dad\u6301\u9ad8\u4f4d\u751a\u81f3\u9032\u4e00\u6b65\u4e0a\u884c\uff0c\u5c07\u5c0d\u7121\u606f\u8cc7\u7522\u767d\u9280\u69cb\u6210\u6301\u7e8c\u58d3\u5236\u3002<\/p>\n

\u9ec3\u91d1\u8d70\u52e2<\/strong>\uff1a\u91d1\u9280\u6bd4\u82e5\u7a81\u783485-90\u5340\u9593\uff0c\u767d\u9280\u53ef\u80fd\u9762\u81e8\u88dc\u8dcc\u98a8\u96aa\uff1b\u53cd\u4e4b\u82e5\u91d1\u50f9\u7a81\u7834\u524d\u9ad8\uff0c\u767d\u9280\u6216\u6709\u8ddf\u6f32\u6a5f\u6703\u3002<\/p>\n

\u5149\u4f0f\u9700\u6c42\u7684\u5be6\u969b\u6578\u64da<\/strong>\uff1a\u9700\u5bc6\u5207\u8ddf\u8e64\u4e3b\u8981\u9280\u6f3f\u4f01\u696d\u548c\u7d44\u4ef6\u5ee0\u7684\u91c7\u8cfc\u7bc0\u594f\uff0c\u4efb\u4f55\u6280\u8853\u66ff\u4ee3\u7684\u8d85\u9810\u671f\u90fd\u5c07\u6539\u8b8a\u9700\u6c42\u6a21\u578b\u3002<\/p>\n

\u6301\u5009\u8b8a\u5316<\/strong>\uff1aETF\u6301\u7e8c\u6d41\u51fa\u8da8\u52e2\u662f\u5426\u9006\u8f49\uff0c\u662f\u5224\u65b7\u6295\u8cc7\u9700\u6c42\u80fd\u5426\u4f01\u7a69\u7684\u95dc\u9375\u3002<\/p>\n

\u7e3d\u4e4b\uff0c\u767d\u9280\u7684\u201c\u4f9b\u61c9\u6545\u4e8b\u201d\u6b63\u5728\u892a\u8272\uff0c\u6295\u8cc7\u908f\u8f2f\u5df2\u5f9e\u8ffd\u9010\u7f3a\u53e3\u8f49\u5411\u9632\u79a6\u9707\u8569\u3002\u77ed\u671f\u800c\u8a00\uff0c\u745e\u9280\u7684\u8b39\u614e\u5224\u65b7\u503c\u5f97\u91cd\u8996\uff0c\u76f2\u76ee\u6284\u5e95\u7684\u98a8\u96aa\u4e0d\u5c0f\u3002\u66f4\u7406\u6027\u7684\u505a\u6cd5\u662f\u964d\u4f4e\u55ae\u908a\u9810\u671f\uff0c\u5229\u7528\u6ce2\u52d5\u7387\u5de5\u5177\u9032\u884c\u5c0d\u6c96\uff0c\u6216\u7b49\u5f85\u91d1\u9280\u6bd4\u56de\u5230\u66f4\u6709\u5229\u5340\u9593\u5f8c\u518d\u884c\u5e03\u5c40\u3002<\/p>\n

\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

\u8fd1\u671f\u767d\u9280\u5e02\u5834\u906d\u9047\u5287\u70c8\u6ce2\u52d5\u3002\u622a\u6b625\u670814\u65e5\u6536\u76e4\u524d\uff0c\u73fe\u8ca8\u767d\u9280\u8dcc\u783485\u7f8e\u5143\u95dc\u53e3\uff0c\u55ae\u65e5\u8dcc\u5e45\u8d853%\u3002\u5c31\u5728\u6b64\u6642\uff0c\u745e\u9280\u96c6\u5718\u767c […]<\/p>\n","protected":false},"author":31,"featured_media":575634,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[426,2197],"tags":[2165,671,565,670],"class_list":["post-637445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news-zh-hant","category-2197","tag--zh-hant","tag-671","tag-565","tag-670","sectors-gold-zh-hant","locations-us-zh-hant"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/637445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/comments?post=637445"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/637445\/revisions"}],"predecessor-version":[{"id":637448,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/637445\/revisions\/637448"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/575634"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=637445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=637445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=637445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}