{"id":114950,"date":"2020-05-27T00:39:18","date_gmt":"2020-05-26T16:39:18","guid":{"rendered":"https:\/\/www.lixiangluntan.com\/114950.html"},"modified":"2020-05-27T00:39:18","modified_gmt":"2020-05-26T16:39:18","slug":"%e5%85%b3%e4%ba%8e%e8%af%ba%e8%b4%9d%e5%b0%94%e7%bb%8f%e6%b5%8e%e5%ad%a6%e5%a5%96%e6%96%b0%e5%be%97%e4%b8%bb%e7%82%92%e8%82%a1%e6%9c%af%ef%bc%8c%e8%af%b4%e7%82%b9%e5%ae%9e%e5%9c%a8%e7%9a%84_%e4%b8%9c","status":"publish","type":"post","link":"https:\/\/www.lixiangluntan.com\/?p=114950","title":{"rendered":"\u5173\u4e8e\u8bfa\u8d1d\u5c14\u7ecf\u6d4e\u5b66\u5956\u65b0\u5f97\u4e3b\u7092\u80a1\u672f\uff0c\u8bf4\u70b9\u5b9e\u5728\u7684_\u4e1c\u65b9\u8d22\u5bcc\u7834\u89e3\u7248"},"content":{"rendered":"<p>{\u80a1\u7968\u8d44\u6e90\u9986:www.lixiangluntan.com\u4e13\u4e1a\u548c\u8c10\u9ad8\u7aef\u7092\u80a1\u8f6f\u4ef6--\u516c\u5f0f\u7f16\u5199\u4ea4\u6d41--\u52a0QQ751161480--}<\/p>\n<blockquote style=\"font-size:15px;background-color: #F5F5F5;border:none;padding: 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Thaler\uff09\uff0c\u76f8\u4fe1\u4f60\u5e94\u8be5\u770b\u8fc7\u4e0d\u5c11\u4ecb\u7ecd\u4e86\u3002<\/p>\n<p>&nbsp;\u3000\u3000\u5f53\u7136\uff0c\u5982\u679c\u770b\u7684\u7d20\u6750\u591a\uff0c\u76f8\u4fe1\u5e94\u8be5\u4e5f\u77e5\u9053\u7406\u67e5\u5fb7\u585e\u52d2\u4e0d\u4ec5\u662f\u884c\u4e3a\u91d1\u878d\u5b66\u5927\u5e08\uff0c\u800c\u4e14\u7092\u7684\u4e00\u624b\u597d\u80a1\u7968\u3002<\/p>\n<p>&nbsp;\u3000\u3000\u662f\u7684\uff0c\u7406\u67e5\u5fb7\u585e\u52d2\u662f\u6295\u8d44\u5b66\u4e2d\u53cd\u8f6c\u56e0\u5b50\u7684\u63d0\u51fa\u8005\u3002<\/p>\n<p>&nbsp;\u3000\u3000\u6240\u8c13\u53cd\u8f6c\u56e0\u5b50\uff0c\u548cEarlETF\u8bfb\u8005\u975e\u5e38\u719f\u6089\u7684\u52a8\u91cf\u56e0\u5b50\uff0c\u53ef\u4ee5\u8bf4\u662f\u4e00\u5806\u955c\u50cf\u53cc\u80de\u80ce\u3002<\/p>\n<p>&nbsp;\u3000\u3000\u52a8\u91cf\u56e0\u5b50\uff0c\u76f8\u4fe1\u7684\u662f\u5f3a\u8005\u66f4\u5f3a\uff0c\u6240\u4ee5\u5f80\u5f80\u4f1a\u9009\u62e9\u8fc7\u53bb\u4e00\u6bb5\u65f6\u95f4\u6700\u5f3a\u7684\u80a1\u7968\u3001\u8d44\u4ea7\u7ee7\u7eed\u6301\u6709\u3002<\/p>\n<p>&nbsp;\u3000\u3000\u800c\u53cd\u8f6c\u56e0\u5b50\u6070\u6070\u76f8\u53cd\uff0c\u76f8\u4fe1\u7684\u662f\u98ce\u6c34\u8f6e\u6d41\u8f6c\uff0c\u5f80\u5f80\u4f1a\u9009\u62e9\u8fc7\u53bb\u4e00\u6bb5\u65f6\u95f4\u8868\u73b0\u6700\u5dee\u7684\u80a1\u7968\u3001\u8d44\u4ea7\u7ee7\u7eed\u6301\u6709\u3002<\/p>\n<p>&nbsp;\u3000\u3000\u8fd9\u4e24\u4e2a\u56e0\u5b50\uff0c\u90fd\u88ab\u8bc1\u5b9e\u975e\u5e38\u6709\u9650\u3002<\/p>\n<p>&nbsp;\u3000\u3000\u53ef\u4e0d\u8981\u89c9\u5f97\u77db\u76fe\uff0c\u56e0\u4e3a\u52a8\u91cf\u548c\u53cd\u8f6c\u8fd9\u4e24\u4e2a\u622a\u7136\u76f8\u53cd\u7684\u73b0\u8c61\uff0c\u662f\u5b58\u5728\u4e8e\u4e0d\u540c\u7684\u65f6\u95f4\u5468\u671f\u7684\u3002\u4ee5\u7f8e\u56fd\u4e3a\u4f8b\uff0c\u4e00\u822c12\u4e2a\u6708\u5185\u5448\u73b0\u52a8\u91cf\u6548\u5e94\uff0c\u800c\u66f4\u957f\u76843-5\u5e74\uff0c\u5219\u662f\u5448\u73b0\u53cd\u8f6c\u6548\u5e94\u3002<\/p>\n<p>&nbsp;\u3000\u3000\u67e5\u5fb7\u585e\u52d2\u641e\u884c\u4e3a\u91d1\u878d\u5b66\uff0c\u5728\u4e3b\u6d41\u7ecf\u6d4e\u5b66\u754c\u662f\u5f02\u7c7b\uff0c\u53ef\u80fd\u4e5f\u6b63\u662f\u56e0\u4e3a\u6ca1\u5305\u88b1\uff0c\u6240\u4ee5\u65e9\u65e9\u7684\u62e5\u62b1\u4e1a\u754c\u3002<\/p>\n<p>&nbsp;\u3000\u3000\u65e9\u57281993\u5e74\uff0c\u67e5\u5fb7\u585e\u52d2\u5c31\u548cRussell Fuller\u6210\u7acb\u4e86Fuller&amp;Thaler Asset Management\uff0c\u62f3\u5934\u4ea7\u54c1\u5c31\u662f\u57fa\u4e8e\u53cd\u8f6c\u6548\u5e94\u7684\u57fa\u91d1Undiscovered Managers Behavioral Value Fund\uff08UBVLX\uff09\u3002<\/p>\n<p>&nbsp;\u3000\u3000\u4eceMorningStar\u7684\u6570\u636e\u6765\u770b\uff0c\u8fc7\u53bb10\u5e74\u7684\u8868\u73b0\u8fd8\u662f\u76f8\u5f53\u4e0d\u9519\u7684\uff0c\u8dd1\u8d62S&amp;P 500\u6307\u6570\u548c\u540c\u7c7b\u57fa\u91d12\u4e2a\u767e\u5206\u70b9\u4ee5\u4e0a\u3002<\/p>\n<p>&nbsp;\u3000\u3000\u8fd9\u53ea\u57fa\u91d1\u6700\u65b0\u7684\u89c4\u6a21\u662f60\u4ebf\u7f8e\u5143\uff0c\u6700\u4f4e\u6295\u8d44\u989d3\u767e\u4e07\u7f8e\u5143\uff0c\u5e74\u7ba1\u7406\u8d391.04%\uff0c\u8fd9\u4e48\u7b97\u4e0b\u6765\u4e00\u5e746000\u4e07\u7f8e\u5143\u7684\u7ba1\u7406\u6536\u5165\u662f\u5f88\u8f7b\u677e\u7684\u3002\u63a7\u5236\u6210\u672c\u7684\u8bdd\uff0c\u67e5\u5fb7\u585e\u52d2\u6bcf\u5e74\u51c0\u8d5a\u5e94\u8be5\u662f\u8fdc\u591a\u8fc7\u8fd9\u6b21\u8bfa\u8d1d\u5c14\u7ecf\u6d4e\u5b66\u5956\u7684\u3002<\/p>\n<p>&nbsp;\u3000\u3000\u5f53\u7136\uff0c\u4e0a\u9762\u8fd9\u4e9b\uff0c\u5176\u5b9e\u90fd\u662f\u7ecf\u6d4e\u5b66\u754c\u7684\u638c\u6545\u3002<\/p>\n<p>&nbsp;\u3000\u3000\u771f\u7684\u8981\u626f\uff0c\u8fd8\u80fd\u626f\u626f\u524d\u51e0\u5e74\u5f97\u4e86\u8bfa\u8d1d\u5c14\u7ecf\u6d4e\u5b66\u5956\u53d1\u73b0\u4e09\u56e0\u5b50\u6a21\u578b\u5374\u4e00\u76f4\u7518\u4e8e\u505a\u5b66\u672f\u7684\u5c24\u91d1\u6cd5\u739b\u548c\u4ed6\u90a3\u4e2a\u4e0d\u613f\u610f\u505a\u5b66\u672f\u8f6c\u884c\u5bf9\u51b2\u57fa\u91d1\u7528\u4e09\u56e0\u5b50\u6a21\u578b\u8d5a\u4e0b\u51e0\u5341\u4ebf\u7f8e\u5143\u8eab\u4ef7\u7684\u535a\u58eb\u751f\u963f\u65af\u5185\u65af\u3002<\/p>\n<p>&nbsp;\u3000\u3000\u4e0d\u8fc7\uff0c\u638c\u6545\u626f\u518d\u591a\uff0c\u5bf9\u8bfb\u8005\u8d5a\u4e0d\u4e86\u94b1\u4e5f\u662f\u6789\u7136\u3002<\/p>\n<p>&nbsp;\u3000\u3000\u6240\u4ee5\uff0c\u8fd8\u662f\u5173\u4e8e\u53cd\u8f6c\u6548\u5e94\uff0c\u8c08\u70b9\u5b9e\u5728\u7684\u5427\u3002<\/p>\n<p>&nbsp;\u3000\u3000\u9996\u5148\uff0c\u5a92\u4f53\u62a5\u9053\u8bf4\u7684\u4ec0\u4e48\u300c\u7092\u80a1\u65b0\u65b9\u6cd5\u300d\uff0c\u5c31\u4e0d\u7528\u592a\u5f53\u771f\u4e86\u3002<\/p>\n<p>&nbsp;\u3000\u3000\u53cd\u8f6c\u6548\u5e94\uff0c\u53ef\u80fd\u5bf9\u4e8e\u666e\u901a\u80a1\u6c11\u4e0d\u50cf\u4ef7\u503c\u6295\u8d44\u90a3\u4e48\u8033\u719f\u80fd\u8be6\uff0c\u4f46\u662f\u5728\u54ea\u6015\u76f8\u5bf9\u843d\u540e\u7684\u4e2d\u56fd\u91cf\u5316\u6295\u8d44\u754c\uff0c\u4e5f\u4e0d\u662f\u4ec0\u4e48\u65b0\u9c9c\u73a9\u610f\u513f\u4e86\u3002<\/p>\n<p>&nbsp;\u3000\u3000\u968f\u4fbf\u627e\u4e00\u4e0b\u5e93\u5b58\u7684\u7814\u7a76\u62a5\u544a\uff0c\u5c31\u80fd\u770b\u5230\u4e0d\u5c11\u65e9\u57282011\u5238\u5546\u5c31\u505a\u7684\u7814\u7a76\uff0c\u8fd9\u8fd8\u53ea\u662f\u6211\u81ea\u5df1\u7684\u6536\u85cf\u6587\u4ef6\u6b27\uff0c\u8981\u662f\u653e\u5728\u6574\u4e2a\u5238\u5546\u7814\u7a76\u5708\uff0c\u5e94\u8be5\u6709\u66f4\u591a\u66f4\u65e9\u7684\u3002<\/p>\n<p>&nbsp;\u3000\u3000\u6240\u4ee5\uff0c\u671f\u671b\u56e0\u4e3a\u8fd9\u6b21\u67e5\u5fb7\u585e\u52d2\u5f97\u5956\uff0c\u5c31\u53d1\u73b0\u4e00\u4e2a\u771f\u7684\u65b0\u6295\u8d44\u65b9\u6cd5\uff0c\u5c31\u56fe\u6837\u56fe\u68ee\u7834\u4e86\u3002<\/p>\n<p>&nbsp;\u3000\u3000\u6bd5\u7adf\u8bfa\u8d1d\u5c14\u5956\u4ece\u6765\u9881\u53d1\u5c31\u6709\u6ede\u540e\u671f\uff0c\u5f80\u5f80\u8981\u6ede\u540e20-30\u5e74\u3002<\/p>\n<p>&nbsp;\u3000\u3000\u5173\u4e8e\u53cd\u8f6c\u6a21\u578b\uff0c\u5176\u5b9eA\u80a1\u505a\u4e86\u4e0d\u5c11\u76f8\u5173\u7684\u91cf\u5316\u7814\u7a76\u3002<\/p>\n<p>&nbsp;\u3000\u3000\u603b\u4f53\u6765\u8bf4\uff0c\u7814\u7a76\u5458\u4eec\u5728A\u80a1\u8bc1\u5b9e\u4e86\u53cd\u8f6c\u76f8\u5e94\u7684\u5b58\u5728\u3002<\/p>\n<p>&nbsp;\u3000\u3000\u6bd4\u59822011\u5e74\u5b89\u4fe1\u7684\u8fd9\u7bc7\u62a5\u544a\uff0c\u90a3\u4e2a\u8d85\u989d\u6536\u76ca\u662f\u76f8\u5f53\u60ca\u4eba\u3002<\/p>\n<p>&nbsp;\u3000\u3000\u53c8\u6bd4\u59822017\u5e74\u521d\u56fd\u4fe1\u8bc1\u5238\u7684\u8fd9\u7bc7\u62a5\u544a\uff0c\u8ba4\u4e3a\u53cd\u8f6c\u6bd4\u52a8\u91cf\u66f4\u751f\u52d0\u3002<\/p>\n<p>&nbsp;\u3000\u3000\u867d\u7136\u8bb8\u591a\u7814\u7a76\u53d1\u73b0\u53cd\u8f6c\u7b56\u7565\u5f88\u597d\uff0c\u4f46\u662f\u5176\u5b9e\u6211\u4e2a\u4eba\u5e76\u4e0d\u63a8\u8350\u4e2a\u4eba\u6295\u8d44\u8005\u53bb\u4f7f\u7528\u3002<\/p>\n<p>&nbsp;\u3000\u3000\u539f\u56e0\u6709\u4e24\u70b9\u3002<\/p>\n<p>&nbsp;\u3000\u3000\u7b2c\u4e00\uff0c\u4e2a\u80a1\u4ea4\u6613\u592a\u7e41\u7410\u3002<\/p>\n<p>&nbsp;\u3000\u3000\u8fd9\u7c7b\u6a21\u578b\u5927\u591a\u6570\u9700\u8981\u540c\u4e00\u65f6\u6bb5\u5bf9\u51e0\u5341\u4e2a\u751a\u81f3\u4e0a\u767e\u4e2a\u80a1\u7968\u8fdb\u884c\u4ea4\u6613\uff0c\u5982\u6b64\u5de5\u4f5c\u91cf\uff0c\u5bf9\u4e8e\u6563\u6237\u800c\u8a00\uff0c\u663e\u7136\u662f\u4e0d\u53ef\u80fd\u5b9e\u73b0\u7684\u3002\u4e8b\u5b9e\u4e0a\u6bcf\u4e2a\u80a1\u7968\u4e70100\u80a1\uff0c\u5bf9\u666e\u901a\u6563\u6237\u5c31\u662f\u4e00\u4ef6\u4e0d\u53ef\u80fd\u7684\u4e8b\u60c5\u2014\u2014\u9700\u8981\u7684\u8d44\u6599\u91cf\u592a\u5927\u3002<\/p>\n<p>&nbsp;\u3000\u3000\u7b2c\u4e8c\uff0c\u53cd\u6b63\u6548\u5e94\u867d\u7136\u4f46\u4e5f\u6ca1\u6781\u597d\u3002<\/p>\n<p>&nbsp;\u3000\u3000\u662f\u7684\uff0c\u7533\u4e07\u5b8f\u6e90\u7684\u4eca\u5e74\u7684\u6700\u65b0\u7814\u7a76\u53d1\u73b0\uff0c\u53cd\u8f6c\u56e0\u5b50\u867d\u597d\uff0c\u4f46\u662f\u5176\u5b9e\u53ea\u4f7f\u7528\u666e\u901a\u5747\u7ebf\u7684\u8d8b\u52bf\u56e0\u5b50\u88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href=\"http:\/\/www.lixiangluntan.com\" target=\"_blank\" rel=\"noopener noreferrer\">\u7092\u80a1\u8f6f\u4ef6<\/a><\/p>\n<blockquote style=\"font-size:15px;background-color: #F5F5F5;border:none;padding: 5px;margin:15px;line-height: 1.6;text-indent: 2em;\">\n<p style=\"margin-bottom:5px;\">2017\u6700\u7ecf\u5178\u768435\u6761\u7092\u80a1\u683c\u8a00\uff0c\u5b57\u5b57\u5343\u91d1<\/p>\n<p>\u7092\u80a1\u662f\u4ec0\u4e48\uff1f \u3000\u3000\u7092\u80a1\u662f\u80a1\u7968\u4e70\u5165\u548c\u5356\u51fa\u7684\u4ea4\u6613\u3002 \u3000\u3000\u4e3a\u4ec0\u4e48\u8981\u7092\u80a1\uff1f \u3000\u3000\u4f4e\u4ef7\u4e70\uff0c\u9ad8\u7ea7\u5356\uff0c\u8d5a\u53d6\u4e2d\u95f4\u7684\u5dee\u4ef7\uff0c\u8fd9\u5c31\u662f\u7092\u80a1\u7684\u539f\u56e0\u3002 \u3000\u3000\u7092\u80a1\u7092\u7684\u662f\u4ec0\u4e48\uff1f 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