{"id":779,"date":"2025-03-15T22:17:19","date_gmt":"2025-03-15T14:17:19","guid":{"rendered":"https:\/\/www.db-hk.com\/?p=779"},"modified":"2025-03-15T22:17:19","modified_gmt":"2025-03-15T14:17:19","slug":"%e8%b4%9d%e8%8e%b1%e5%be%b7%e8%b5%84%e4%ba%a7%e8%a7%84%e6%a8%a1%e7%a0%b4%e3%80%8c10%e5%85%86%e7%be%8e%e5%85%83%e3%80%8d%e6%96%b0%e9%ab%98%ef%bc%8c%e5%ae%83%e4%b8%ba%e4%bd%95%e8%83%bd%e7%a7%b0%e9%9c%b8","status":"publish","type":"post","link":"http:\/\/www.fubairui.net\/?p=779","title":{"rendered":"\u8d1d\u83b1\u5fb7\u8d44\u4ea7\u89c4\u6a21\u7834\u300c10\u5146\u7f8e\u5143\u300d\u65b0\u9ad8\uff0c\u5b83\u4e3a\u4f55\u80fd\u79f0\u9738\u5168\u7403\u91d1\u878d\uff1f"},"content":{"rendered":"

\u5f6d\u535a ETF \u9ad8\u7ea7\u5206\u6790\u5e08 Eric Balchunas \u6628\uff0815\uff09\u65e5\u5728\u793e\u4ea4\u5e73\u53f0 X \u4e0a\u53d1\u6587\u6307\u51fa\uff0c\u5168\u7403\u6700\u5927\u7684\u8d44\u7ba1\u5de8\u5934\u8d1d\u83b1\u5fb7\uff08BlackRock\uff09\u5176\u7ba1\u7406\u89c4\u6a21\u76ee\u524d\u5df2\u7ecf\u8fbe\u5230\u4e86 10.6 \u5146\u7f8e\u5143\uff0c\u518d\u6b21\u521b\u4e0b\u4e86\u5386\u53f2\u65b0\u9ad8\uff1a<\/p>\n

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\n
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\u53e6\u5916\uff0c\u8d1d\u83b1\u5fb7\u6267\u884c\u957f Larry Fink \u8fd1\u671f\u5728\u63a5\u53d7 CNBC \u91c7\u8bbf\u65f6\u8fd8\u8868\u793a\uff0c\u81ea\u5df1\u6b64\u524d\u5bf9\u4e8e\u6bd4\u7279\u5e01\u7684\u770b\u6cd5\u5176\u5b9e\u662f\u6709\u9519\u8bef\u7684\uff0c\u4f46\u73b0\u5728\u4ed6\u901a\u8fc7\u5b66\u4e60\uff0c\u5df2\u7ecf\u6539\u53d8\u4e86\u5176\u89c2\u70b9\uff0c\u8ba4\u4e3a\u6bd4\u7279\u5e01\u662f\u6570\u4f4d\u9ec4\u91d1\uff1a<\/p>\n

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\u5bf9\u6b64\uff0c\u5f6d\u535a ETF \u9ad8\u7ea7\u5206\u6790\u5e08 Eric Balchunas \u4e5f\u8bc4\u8bba\u8868\u793a\uff0c\u5bf9\u4e8e\u624b\u63e1 10.6 \u5146\u7f8e\u5143\u7684 Larry Fink \u6765\u8bf4\uff0c\u7ee7\u7eed\u901a\u8fc7 ETF \u5c06\u6bd4\u7279\u5e01\u4f5c\u4e3a\u4e00\u79cd\u5408\u6cd5\u7684\u6295\u8d44\u7ec4\u5408\uff0c\u662f\u975e\u5e38\u5408\u7406\u7684\u4e8b\u60c5\uff1a<\/p>\n

\u5bf9\u4e8e\u6301\u6709 10.6 \u5146\u7f8e\u5143\u7684 Larry Fink \u6765\u8bf4\uff0c\u7ee7\u7eed\u901a\u8fc7 ETF \u5c06\u6bd4\u7279\u5e01\u4f5c\u4e3a\u4e00\u79cd\u5408\u6cd5\u7684\u6295\u8d44\u7ec4\u5408\uff0c\u662f\u975e\u5e38\u5408\u7406\u7684\u4e8b\u60c5\u3002<\/p>\n

\u8fd9\u5c31\u662f\u4e3a\u4ec0\u4e48\u5728\u6211\u770b\u6765\uff0c\u73b0\u5728\u9009\u62e9\u505a\u7a7a\u6bd4\u7279\u5e01 ETF \u83b7\u5f97\u65e9\u671f\u6210\u529f\u7684\u4eba\uff0c\u65e0\u8bba\u662f\u4ece\u73b0\u5728\u8fd8\u662f\u672a\u6765\u6765\u770b\uff0c\u90fd\u662f\u611a\u8822\u7684\u3002<\/p>\n

\n
\"\u8d1d\u83b1\u5fb7\u8d44\u4ea7\u89c4\u6a21\u7834\u300c10\u5146\u7f8e\u5143\u300d\u65b0\u9ad8\uff0c\u5b83\u4e3a\u4f55\u80fd\u79f0\u9738\u5168\u7403\u91d1\u878d\uff1f\"\"\u8d1d\u83b1\u5fb7\u8d44\u4ea7\u89c4\u6a21\u7834\u300c10\u5146\u7f8e\u5143\u300d\u65b0\u9ad8\uff0c\u5b83\u4e3a\u4f55\u80fd\u79f0\u9738\u5168\u7403\u91d1\u878d\uff1f\"<\/figure>\n<\/div>\n

\u8d1d\u83b1\u5fb7\u5d1b\u8d77\u7684\u4f20\u5947\u6545\u4e8b<\/p>\n

\u8d1d\u83b1\u5fb7\u7684\u6545\u4e8b\u59cb\u4e8e 1988 \u5e74\uff0c\u7531 Larry Fink \u53ca\u5176\u4e03\u4f4d\u5408\u4f19\u4eba\u5171\u540c\u521b\u529e\u3002<\/p>\n

\u5728\u6210\u7acb\u521d\u671f\uff0c\u8d1d\u83b1\u5fb7\u4ee5\u63d0\u4f9b\u98ce\u9669\u7ba1\u7406\u548c\u56fa\u5b9a\u6536\u76ca\u6295\u8d44\u7b56\u7565\u4e3a\u4e3b\uff0c\u9010\u6b65\u79ef\u7d2f\u4e86\u7a33\u5b9a\u7684\u5ba2\u6237\u57fa\u7840\u3002\u516c\u53f8\u4e13\u6ce8\u4e8e\u4ee5\u6570\u636e\u4e3a\u9a71\u52a8\u7684\u6295\u8d44\u51b3\u7b56\uff0c\u5e76\u5efa\u7acb\u4e86\u5f3a\u5927\u7684\u98ce\u9669\u7ba1\u7406\u7cfb\u7edf\uff0c\u8fd9\u4f7f\u5f97\u8d1d\u83b1\u5fb7\u5728\u65e9\u671f\u5e02\u573a\u52a8\u8569\u4e2d\u4f9d\u7136\u80fd\u591f\u4fdd\u6301\u7a33\u5065\u589e\u957f\u3002<\/p>\n

1999 \u5e74\uff0c\u8d1d\u83b1\u5fb7\u6210\u529f\u4e0a\u5e02\uff0c\u4e3a\u516c\u53f8\u672a\u6765\u7684\u6269\u5c55\u63d0\u4f9b\u4e86\u5145\u8db3\u7684\u8d44\u91d1\u652f\u6301\u3002\u4e0a\u5e02\u540e\uff0c\u8d1d\u83b1\u5fb7\u7ee7\u7eed\u5f3a\u5316\u5176\u98ce\u9669\u7ba1\u7406\u80fd\u529b\uff0c\u5e76\u4e0d\u65ad\u62d3\u5c55\u5176\u4ea7\u54c1\u7ebf\uff0c\u6db5\u76d6\u4e86\u80a1\u7968\u3001\u503a\u5238\u3001\u623f\u5730\u4ea7\u7b49\u591a\u4e2a\u9886\u57df\u3002<\/p>\n

\u6536\u8d2d\u6269\u5f20\uff1a\u89c4\u6a21\u7ecf\u6d4e\u7684\u5b9e\u73b0<\/p>\n

\u8d1d\u83b1\u5fb7\u7684\u8fc5\u901f\u5d1b\u8d77\u79bb\u4e0d\u5f00\u4e00\u7cfb\u5217\u5177\u6709\u6218\u7565\u610f\u4e49\u7684\u6536\u8d2d\u30022006 \u5e74\uff0c\u8d1d\u83b1\u5fb7\u6536\u8d2d\u4e86\u7f8e\u6797\u6295\u8d44\u7ba1\u7406\uff08Merrill Lynch Investment Managers\uff09\uff0c\u8fd9\u6b21\u6536\u8d2d\u4f7f\u5f97\u8d1d\u83b1\u5fb7\u7684\u8d44\u4ea7\u7ba1\u7406\u89c4\u6a21\u5927\u5e45\u589e\u957f\uff0c\u5e76\u8fdb\u4e00\u6b65\u5de9\u56fa\u4e86\u5176\u5728\u5168\u7403\u8d44\u4ea7\u7ba1\u7406\u5e02\u573a\u7684\u5730\u4f4d\u3002<\/p>\n

2009 \u5e74\uff0c\u8d1d\u83b1\u5fb7\u5b8c\u6210\u4e86\u5bf9\u5df4\u514b\u83b1\u5168\u7403\u6295\u8d44\u7ba1\u7406\uff08Barclays Global Investors\uff09\u7684\u6536\u8d2d\uff0c\u7ba1\u7406\u8d44\u4ea7\u603b\u989d\u8fbe\u5230\u8fd1 3 \u5146\u7f8e\u5143\u3002\u6b64\u540e\u8d1d\u83b1\u5fb7\u7ee7\u7eed\u8fdb\u884c\u591a\u6b21\u6536\u8d2d\uff0c\u4e0d\u65ad\u6269\u5927\u5176\u5e02\u573a\u4efd\u989d\u548c\u4ea7\u54c1\u7ebf\u3002<\/p>\n

\u8d1d\u83b1\u5fb7\u5bcc\u53ef\u654c\u56fd<\/p>\n

\u76ee\u524d\uff0c\u5bf9\u4e8e\u624b\u63e1 10.6 \u5146\u8d44\u4ea7\u7684\u8d1d\u83b1\u5fb7\u800c\u8a00\uff0c\u5c31\u8fde\u8bb8\u591a\u4e3b\u6743\u56fd\u5bb6\u4e3e\u5168\u56fd\u4e4b\u529b\u6050\u6015\u90fd\u96be\u4ee5\u671b\u5176\u9879\u80cc\u3002\u636e PopulationU \u6570\u636e\u663e\u793a\uff0c\u5728 2024 \u5e74\u7684\u6570\u636e\u7edf\u8ba1\u4e2d\uff0c\u5168\u7403\u7ecf\u6d4e\u4f53\u7684 GDP \u6392\u540d\u524d\u4e94\u4e3a\uff1a<\/p>\n

1. \u7f8e\u56fd\uff1a28 \u5146\u7f8e\u5143<\/p>\n

2. \u4e2d\u56fd\uff1a18.5 \u5146\u7f8e\u5143<\/p>\n

3. \u5fb7\u56fd\uff1a4.7 \u5146\u7f8e\u5143<\/p>\n

4. \u65e5\u672c\uff1a4.3 \u5146\u7f8e\u5143<\/p>\n

5. \u5370\u5ea6\uff1a4.1 \u5146\u7f8e\u5143<\/p>\n

\u8fd9\u6837\u770b\u6765\uff0c\u6392\u540d\u5168\u7403\u7b2c\u4e09\u3001\u62e5\u6709\u8d85\u8fc7 8,000 \u4e07\u4eba\u53e3\u7684\u5fb7\u56fd\uff0c\u5168\u4f53\u56fd\u6c11\u5de5\u4f5c\u4e24\u5e74\u521b\u9020\u7684\u4ef7\u503c\u4e5f\u8d76\u4e0d\u4e0a\u8d1d\u83b1\u5fb7\u76ee\u524d\u6301\u6709\u7684\u8d44\u4ea7\u3002<\/p>\n

\u5168\u7403\u5f71\u54cd\u529b\uff1a\u4ece\u6295\u8d44\u5230\u5f71\u54cd\u653f\u7b56<\/strong><\/p>\n

\u8d1d\u83b1\u5fb7\u4e0d\u4ec5\u4ec5\u662f\u4e00\u5bb6\u8d44\u4ea7\u7ba1\u7406\u516c\u53f8\uff0c\u5176\u5f71\u54cd\u529b\u904d\u53ca\u5168\u7403\u3002\u516c\u53f8\u5728\u5168\u7403\u8303\u56f4\u5185\u62e5\u6709\u4f17\u591a\u91cd\u8981\u7684\u5ba2\u6237\uff0c\u5305\u62ec\u5404\u56fd\u653f\u5e9c\u3001\u673a\u6784\u6295\u8d44\u8005\u548c\u4e2a\u4eba\u6295\u8d44\u8005\u3002\u8d1d\u83b1\u5fb7\u79ef\u6781\u53c2\u4e0e\u5168\u7403\u7ecf\u6d4e\u653f\u7b56\u7684\u5236\u5b9a\uff0c\u5e76\u5728\u73af\u5883\u3001\u793e\u4f1a\u548c\u6cbb\u7406\uff08ESG\uff09\u6295\u8d44\u9886\u57df\u53d1\u6325\u8457\u5f15\u9886\u4f5c\u7528\u3002<\/p>\n

\u8d1d\u83b1\u5fb7\u6709\u4ec0\u4e48\u9ed1\u6599\uff1f<\/strong><\/p>\n

\u4e0d\u8fc7\u4f5c\u4e3a\u5168\u7403\u6700\u5927\u7684\u8d44\u4ea7\u7ba1\u7406\u516c\u53f8\uff0c\u8d1d\u83b1\u5fb7\u4e5f\u66fe\u7ecf\u5377\u5165\u8fc7\u4ee5\u4e0b\u4e89\u8bae\u548c\u6279\u8bc4\u3002<\/p>\n

1. \u5229\u76ca\u51b2\u7a81<\/strong><\/p>\n

\u8d1d\u83b1\u5fb7\u88ab\u6279\u8bc4\u4e0e\u7f8e\u56fd\u653f\u5e9c\u548c\u591a\u4e2a\u56fd\u9645\u7ec4\u7ec7\u4e4b\u95f4\u5b58\u5728\u5229\u76ca\u51b2\u7a81\u3002\u7279\u522b\u662f\u5728\u91d1\u878d\u5371\u673a\u671f\u95f4\u548c\u75ab\u60c5\u671f\u95f4\uff0c\u8d1d\u83b1\u5fb7\u88ab\u8058\u7528\u6765\u7ba1\u7406\u653f\u5e9c\u7684\u6551\u52a9\u8ba1\u5212\uff0c\u8fd9\u5f15\u53d1\u4e86\u5bf9\u5176\u5ba2\u89c2\u6027\u548c\u516c\u6b63\u6027\u7684\u8d28\u7591\u3002<\/p>\n

2. \u73af\u5883\u3001\u793e\u4f1a\u548c\u6cbb\u7406\uff08ESG\uff09\u95ee\u9898<\/strong><\/p>\n

\u5c3d\u7ba1\u8d1d\u83b1\u5fb7\u5728\u63a8\u52a8 ESG \u6295\u8d44\u65b9\u9762\u505a\u51fa\u4e86\u4e0d\u5c11\u52aa\u529b\uff0c\u4f46\u4ecd\u6709\u6279\u8bc4\u58f0\u97f3\u8ba4\u4e3a\u5176\u884c\u52a8\u4e0d\u591f\u5f7b\u5e95\u3002\u4e00\u4e9b\u73af\u4fdd\u7ec4\u7ec7\u6279\u8bc4\u8d1d\u83b1\u5fb7\u6295\u8d44\u4e8e\u5316\u77f3\u71c3\u6599\u548c\u5176\u4ed6\u9ad8\u6c61\u67d3\u4ea7\u4e1a\uff0c\u8ba4\u4e3a\u8fd9\u4e0e\u5176\u6240\u5ba3\u79f0\u7684\u53ef\u6301\u7eed\u6295\u8d44\u7406\u5ff5\u76f8\u6096\u3002<\/p>\n

3. \u5e02\u573a\u5784\u65ad\u548c\u5f71\u54cd\u529b\u8fc7\u5927<\/strong><\/p>\n

\u7531\u4e8e\u7ba1\u7406\u7684\u8d44\u4ea7\u89c4\u6a21\u5de8\u5927\uff0c\u8d1d\u83b1\u5fb7\u5bf9\u91d1\u878d\u5e02\u573a\u7684\u5f71\u54cd\u529b\u4e5f\u975e\u5e38\u5927\u3002\u8fd9\u5f15\u53d1\u4e86\u4e00\u4e9b\u5173\u4e8e\u5e02\u573a\u5784\u65ad\u548c\u4e0d\u516c\u5e73\u7ade\u4e89\u7684\u62c5\u5fe7\u3002\u6709\u4eba\u62c5\u5fc3\u8d1d\u83b1\u5fb7\u8fc7\u5927\u7684\u5e02\u573a\u4efd\u989d\u53ef\u80fd\u4f1a\u5bfc\u81f4\u5e02\u573a\u64cd\u7eb5\u548c\u7cfb\u7edf\u6027\u98ce\u9669\u3002<\/p>\n

4. \u9ad8\u5c42\u85aa\u916c\u548c\u5458\u5de5\u5f85\u9047<\/strong><\/p>\n

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5. \u6570\u636e\u9690\u79c1\u548c\u5b89\u5168<\/strong><\/p>\n

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