{"id":5572,"date":"2021-03-07T20:31:42","date_gmt":"2021-03-07T12:31:42","guid":{"rendered":"https:\/\/www.mpfdiy.com\/?p=5572"},"modified":"2021-03-16T00:32:44","modified_gmt":"2021-03-15T16:32:44","slug":"%e6%88%b0%e8%a1%93%e6%80%a7%e9%85%8d%e7%bd%aeetf6-target-drawdown","status":"publish","type":"post","link":"https:\/\/www.mpfdiy.com\/2021\/03\/%e6%88%b0%e8%a1%93%e6%80%a7%e9%85%8d%e7%bd%aeetf6-target-drawdown\/","title":{"rendered":"\u6230\u8853\u6027\u914d\u7f6eETF#6 &#8211; Target Drawdown"},"content":{"rendered":"<h2 style=\"text-align: left;\"><span style=\"color: #04b2f2;\"><strong><span style=\"font-size: 14pt;\">\u6230\u8853\u6027\u914d\u7f6eETF#6 &#8211; Target Drawdown<\/span><\/strong><\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u5148\u8b80\u524d\u6587\uff1a<\/span><\/p>\n<p>&nbsp;<\/p>\n<p class=\"entry-title\"><span style=\"font-size: 14pt;\"><a href=\"https:\/\/www.mpfdiy.com\/2021\/01\/%e6%88%b0%e8%a1%93%e6%80%a7%e9%85%8d%e7%bd%aeetf1-wiz\/\" rel=\"bookmark\">\u6230\u8853\u6027\u914d\u7f6eETF#1 \u2013 WIZ<\/a><\/span><\/p>\n<p class=\"entry-title\"><span style=\"font-size: 14pt;\"><a href=\"https:\/\/www.mpfdiy.com\/2021\/01\/%e6%88%b0%e8%a1%93%e6%80%a7%e9%85%8d%e7%bd%aeetf2-pws\/\" rel=\"bookmark\">\u6230\u8853\u6027\u914d\u7f6eETF#2 \u2013 PWS<\/a><\/span><\/p>\n<p><a href=\"https:\/\/www.mpfdiy.com\/2021\/02\/%e6%88%b0%e8%a1%93%e6%80%a7%e9%85%8d%e7%bd%aeetf3-onof\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-size: 14pt;\">\u6230\u8853\u6027\u914d\u7f6eETF#3 \u2013 ONOF<\/span><\/a><\/p>\n<p><a href=\"https:\/\/www.mpfdiy.com\/2021\/02\/%e6%88%b0%e8%a1%93%e6%80%a7%e9%85%8d%e7%bd%aeetf4-roro\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-size: 14pt;\">\u6230\u8853\u6027\u914d\u7f6eETF#4 \u2013 RORO<\/span><\/a><\/p>\n<p><a href=\"https:\/\/www.mpfdiy.com\/2021\/02\/%e6%88%b0%e8%a1%93%e6%80%a7%e9%85%8d%e7%bd%aeetf5-htus\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-size: 14pt;\">\u6230\u8853\u6027\u914d\u7f6eETF#5 &#8211; HTUS<\/span><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u7b2c\u516d\u96bb\u8981\u8a0e\u8ad6\u7684tactical ETF \u662f\u4e00\u500b<a href=\"https:\/\/cabanaetfs.com\/series-overview\" target=\"_blank\" rel=\"noopener noreferrer\">\u7cfb\u5217<\/a>\uff0c\u5305\u542b\u4e865\u96bbTarget Drawdown ETF \uff0c\u540d\u7a31\u5982\u4e0b\uff1a<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/02\/TDSA1.jpg?ssl=1\" target=\"_blank\" rel=\"noopener noreferrer\"><img data-recalc-dims=\"1\" title=\" \"loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-5589 size-full\" src=\"https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/02\/TDSA1.jpg?resize=258%2C482&#038;ssl=1\" alt=\" \" width=\"258\" height=\"482\" srcset=\"https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/02\/TDSA1.jpg?w=258&amp;ssl=1 258w, https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/02\/TDSA1.jpg?resize=161%2C300&amp;ssl=1 161w\" sizes=\"auto, (max-width: 258px) 100vw, 258px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u9019\u500bETF\u7cfb\u5217\u7684\u6295\u8cc7\u76ee\u6a19\u662f\u91dd\u5c0d<span style=\"color: #04b2f2;\">\u6700\u5927\u8dcc\u5e45(maximum drawdown)<\/span> \uff0c\u6240\u4ee5\u7a31\u70batarget drawdown\u3002\u6240\u7528\u7684\u65b9\u6cd5\u6709<span style=\"color: #04b2f2;\">\u5169\u7a2e<\/span>\uff1a\u7b2c\u4e00\u662f\u5224\u5b9a<span style=\"color: #04b2f2;\">\u5b8f\u89c0\u7d93\u6fdf<\/span>\uff0c\u7b2c\u4e8c\u662f\u5728\u4e0d\u540c\u968e\u6bb5\u7684\u7d93\u6fdf\u9031\u671f\u4e0b\uff0c\u7528\u4e0d\u540c\u7684<span style=\"color: #04b2f2;\">\u8cc7\u7522\u914d\u7f6e<\/span>\u3002\u770b\u770b\u4e0b\u5716\u7684\u7c21\u55ae\u5c55\u793a\uff1a<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/02\/TDSA2.jpg?ssl=1\" target=\"_blank\" rel=\"noopener noreferrer\"><img data-recalc-dims=\"1\" title=\" \"loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-5590 size-full\" src=\"https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/02\/TDSA2.jpg?resize=720%2C755&#038;ssl=1\" alt=\" \" width=\"720\" height=\"755\" srcset=\"https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/02\/TDSA2.jpg?w=738&amp;ssl=1 738w, https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/02\/TDSA2.jpg?resize=286%2C300&amp;ssl=1 286w\" sizes=\"auto, (max-width: 720px) 100vw, 720px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">Target Drawdown ETF \u4e0d\u53ea\u662frisk on\/risk off \u7684\u4e8c\u5143\u5224\u5b9a\uff0c\u800c\u662f<span style=\"color: #04b2f2;\">\u5224\u5b9a\u51fa\u516d\u500b\u968e\u6bb5\u7684\u7d93\u6fdf\u9031\u671f<\/span>\uff0c\u7136\u5f8c\u65bc\u6bcf\u4e00\u500b\u968e\u6bb5\u6709\u76f8\u5c0d\u61c9\u7684\u8cc7\u7522\u914d\u7f6e\u3002\u4f8b\u5982\u7b2c\u4e09\u671f\u7d93\u6fdf\u5fa9\u7526\u671f\uff0c\u4fbf\u6301\u6709\u5546\u54c1\u3001\u80a1\u7968\u53ca\u50b5\u5238\uff0c\u7576\u4e2d\u5546\u54c1\u53ca\u80a1\u7968\u7684\u6bd4\u91cd\u4f54\u591a\uff1b\u53c8\u4f8b\u5982\u7b2c\u516d\u671f\u7684\u7d93\u6fdf\u64f4\u5145\u672b\u671f\uff0c\u4fbf\u53ea\u6301\u6709\u73fe\u91d1\u53ca\u653f\u5e9c\u570b\u50b5\u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #04b2f2;\"><strong><span style=\"font-size: 14pt;\">\u5982\u4f55\u5283\u5206\u7d93\u6fdf\u9031\u671f\uff1f<\/span><\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">ETF \u641e\u624b\u6709\u4ed6\u5011\u7684proprietary \u7cfb\u7d71\uff0c\u540d\u53ebCyclical Asset Reallocation Algorithm (CARA) \uff0c\u6309\u641e\u624b\u7684\u6587\u7ae0(<a href=\"https:\/\/thecabanagroup.com\/white-papers\/\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"broken_link\">\u898b\u6b64<\/a>)\u00a0 \uff0cCARA \u4e3b\u8981\u4ee53\u65b9\u9762\u53bb\u5224\u5b9a\u7d93\u6fdf\u9031\u671f\uff1a<\/span><\/p>\n<p>&nbsp;<\/p>\n<ol>\n<li><span style=\"font-size: 14pt;\">Shape of the yield curve;<\/span><\/li>\n<li><span style=\"font-size: 14pt;\">Corporate earnings; and<\/span><\/li>\n<li><span style=\"font-size: 14pt;\">Technical market trends.<\/span><\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u518d\u8a73\u7d30\u5982\u4f55\u8a08\u7b97\u5c31\u6c92\u6709\u516c\u958b\uff0c\u6309\u641e\u624b\u6587\u7ae0\u7684\u63cf\u8ff0\uff0c\u7b2c1\u65b9\u9762\u7684\u5229\u7387\u66f2\u7dda(yield curve ) \u7747\u52a0\u6e1b\u606f\u53ca\u66f2\u7dda\u7684\u659c\u7387\uff0c\u7b2c2\u65b9\u9762\u7684\u4f01\u696d\u76c8\u5229\u7747\u589e\u52a0\u6216\u6e1b\u5c11\uff0c\u7b2c3\u65b9\u9762\u7684\u6230\u8853\u6307\u6a19\u7747\u5e02\u5834\u50f9\u683c\u7684\u8b8a\u5316\uff0c\u4f8b\u5982\u7528moving average \u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<ol>\n<li><span style=\"font-size: 14pt;\"><span style=\"color: #04b2f2;\">Yield curve<\/span>: A steep\/steepening yield curve equates to favorable economic conditions;<\/span><\/li>\n<li><span style=\"font-size: 14pt;\"><span style=\"color: #04b2f2;\">Earnings<\/span>: Rising earnings of large companies equates to favorable economic conditions; and<\/span><\/li>\n<li><span style=\"font-size: 14pt;\"><span style=\"color: #04b2f2;\">Technical market conditions<\/span>: The increase in ratio of recent equity market price relative to past price is indicative of favorable economic conditions.<\/span><\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u641e\u624b\u6587\u7ae0\u4ea6\u6307\u51fa\u982d\u5169\u500b\u5224\u5b9a\u56e0\u70ba\u300c\u6709\u6548\u5e02\u5834\u300d\u7684\u95dc\u4fc2\uff0c\u6703\u5305\u542b\u65bc\u7b2c\u4e09\u500b\u5224\u5b9a\u4e4b\u5167\uff0c\u5373\u662f\u7528\u5927\u5e02\u50f9\u683c\u7684moving average \u53bb\u5224\u5b9a\u7d93\u6fdf\u9031\u671f\u6703\u4f54\u8f03\u5927\u6bd4\u91cd\u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/02\/TDSA3.jpg?ssl=1\" target=\"_blank\" rel=\"noopener noreferrer\"><img data-recalc-dims=\"1\" title=\" \"loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-5591 size-full\" src=\"https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/02\/TDSA3.jpg?resize=720%2C266&#038;ssl=1\" alt=\" \" width=\"720\" height=\"266\" srcset=\"https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/02\/TDSA3.jpg?w=1188&amp;ssl=1 1188w, https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/02\/TDSA3.jpg?resize=300%2C111&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/02\/TDSA3.jpg?resize=1024%2C378&amp;ssl=1 1024w, https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/02\/TDSA3.jpg?resize=768%2C284&amp;ssl=1 768w\" sizes=\"auto, (max-width: 720px) 100vw, 720px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #04b2f2;\"><strong><span style=\"font-size: 14pt;\">\u5982\u4f55\u914d\u7f6e\u8cc7\u7522\uff1f<\/span><\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u6b64Target Drawdown ETF \u7cfb\u5217\u6700\u5927\u8ce3\u9ede\u662f<span style=\"color: #04b2f2;\">\u63a7\u5236drawdown<\/span>\uff0c\u63a7\u5236\u4e0b\u8dcc\u7684\u65b9\u6cd5\u662f<span style=\"color: #04b2f2;\">\u6e1b\u5c11\u6301\u6709\u98a8\u96aa\u8cc7\u7522 (risky asset)<\/span> \u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u4e0d\u904e\uff0c\u9019\u88cf\u7684\u98a8\u96aa\u8cc7\u7522(risky asset) \u8207\u5e73\u5e38\u7684\u98a8\u96aa\u5b9a\u7fa9\u6709\u6240\u4e0d\u540c\u3002\u5e73\u5e38\u7684\u9ad8\u98a8\u96aa\u7b49\u540c\u9ad8\u6ce2\u5e45\uff0c\u6240\u4ee5\u80a1\u7968\u7684\u98a8\u96aa\u662f\u9ad8\u65bc\u50b5\u5238\uff0c\u6c92\u6709\u7d93\u6fdf\u9031\u671f\u4e4b\u5206\u3002\u4f46\u5728CARA \u88cf\uff0c\u8cc7\u7522\u7684\u98a8\u96aa\u662f\u5c0d\u61c9\u65bc\u7d93\u6fdf\u9031\u671f\u3002\u4f8b\u5982\u5728\u7b2c\u516d\u968e\u6bb5\u6642\u671f\uff0c\u80a1\u7968\u53ca\u5546\u54c1\u90fd\u5c6c\u65bc\u9ad8\u98a8\u96aa\uff0c\u56e0\u800c\u6e1b\u5c11\u6301\u6709\uff1b\u53c8\u4f8b\u5982\u5728\u7b2c\u56db\u968e\u6bb5\u7684\u7d93\u6fdf\u64f4\u5145\u671f\uff0c\u50b5\u5238\u5c6c\u65bc\u9ad8\u98a8\u96aa\u800c\u4e0d\u6301\u6709\uff0c\u53cd\u800c\u589e\u52a0\u6301\u6709\u623f\u5730\u7522\u80a1\u7968\u53ca\u539f\u6750\u6599\u5546\u54c1\u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/02\/TDSA4.jpg?ssl=1\" target=\"_blank\" rel=\"noopener noreferrer\"><img data-recalc-dims=\"1\" title=\" \"loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-5592 size-full\" src=\"https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/02\/TDSA4.jpg?resize=720%2C516&#038;ssl=1\" alt=\" \" width=\"720\" height=\"516\" srcset=\"https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/02\/TDSA4.jpg?w=1181&amp;ssl=1 1181w, https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/02\/TDSA4.jpg?resize=300%2C215&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/02\/TDSA4.jpg?resize=1024%2C734&amp;ssl=1 1024w, https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/02\/TDSA4.jpg?resize=768%2C551&amp;ssl=1 768w\" sizes=\"auto, (max-width: 720px) 100vw, 720px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u7531\u65bcTarget Drawdown \u7cfb\u5217\u6709\u4e0d\u540c\u7684\u4e0b\u8dcc\u8a2d\u5b9a\uff0c\u800c\u641e\u624b\u8a8d\u70ba<span style=\"color: #04b2f2;\">\u6108\u65e9\u964d\u4f4e\u98a8\u96aa\u8cc7\u7522\uff0c\u4fbf\u6703\u6108\u80fd\u964d\u4f4edrawdown<\/span> \uff0c\u6240\u4ee55% drawdown \u8a2d\u5b9a\u7684TSDA \u820716% drawdown \u8a2d\u5b9a\u7684TSDE \u7684\u8cc7\u7522\u914d\u7f6e\u4fbf\u5927\u6709\u4e0d\u540c\u3002\u6210\u6587\u4e4b\u6642(2021\u5e742\u6708) \u7684\u914d\u7f6e\u5982\u4e0b\uff1a<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/02\/TDSA6.jpg?ssl=1\" target=\"_blank\" rel=\"noopener noreferrer\"><img data-recalc-dims=\"1\" title=\" \"loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-5593 size-full\" src=\"https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/02\/TDSA6.jpg?resize=720%2C412&#038;ssl=1\" alt=\" \" width=\"720\" height=\"412\" srcset=\"https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/02\/TDSA6.jpg?w=1172&amp;ssl=1 1172w, https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/02\/TDSA6.jpg?resize=300%2C172&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/02\/TDSA6.jpg?resize=1024%2C585&amp;ssl=1 1024w, https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/02\/TDSA6.jpg?resize=768%2C439&amp;ssl=1 768w\" sizes=\"auto, (max-width: 720px) 100vw, 720px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/02\/TDSA7.jpg?ssl=1\" target=\"_blank\" rel=\"noopener noreferrer\"><img data-recalc-dims=\"1\" title=\" \"loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-5594 size-full\" src=\"https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/02\/TDSA7.jpg?resize=720%2C394&#038;ssl=1\" alt=\" \" width=\"720\" height=\"394\" srcset=\"https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/02\/TDSA7.jpg?w=1201&amp;ssl=1 1201w, https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/02\/TDSA7.jpg?resize=300%2C164&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/02\/TDSA7.jpg?resize=1024%2C560&amp;ssl=1 1024w, https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/02\/TDSA7.jpg?resize=768%2C420&amp;ssl=1 768w\" sizes=\"auto, (max-width: 720px) 100vw, 720px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #04b2f2;\"><strong><span style=\"font-size: 14pt;\">\u8a55\u8ad6<\/span><\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u7b46\u8005\u4e00\u5411\u5514\u591abuy<a href=\"https:\/\/www.mpfdiy.com\/2017\/09\/%e8%b3%87%e7%94%a2%e9%85%8d%e7%bd%ae%e5%8f%8a%e9%80%80%e4%bc%91%e8%a8%88%e7%ae%97%e7%b6%b2%e7%ab%992-researchaffiliates\/\" target=\"_blank\" rel=\"noopener noreferrer\">\u7d93\u6fdf\u9031\u671f<\/a>\u3001<a href=\"https:\/\/www.mpfdiy.com\/2017\/09\/%e7%a9%8d%e9%87%91%e6%96%b0%e8%81%9e14-%e8%ac%9b%e9%87%91%e5%94%94%e8%ac%9b%e8%82%a1%e4%b9%8b%e4%ba%8c\/\" target=\"_blank\" rel=\"noopener noreferrer\">\u725b\u718a\u9031\u671f<\/a>\u4e4b\u985e\u7684\u8ad6\u8aaa\uff0c\u6240\u8b02\u7684\u968e\u6bb5\u5f80\u5f80\u4e8b\u5f8c\u624d\u77e5\u9053\u3002\u6cc1\u4e14\uff0c\u5c31\u4e0a\u8ff0\u516d\u968e\u6bb5\u7684\u7d93\u6fdf\u9031\u671f\u70ba\u4f8b\uff0c\u70ba\u4f55\u8981\u7531\u7b2c\u4e00\u968e\u6bb5\u53bb\u7b2c\u4e8c\u968e\u6bb5\u518d\u53bb\u7b2c\u4e09\uff1f\u5012\u8fd4\u8f49\u5f97\u5514\u5f97\uff1f\u7b2c\u4e00\u968e\u6bb5\u4e4b\u5f8c\u8df3\u53bb\u7b2c\u56db\u968e\u6bb5\u53c8\u5f97\u5514\u5f97\uff1f<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\">\u81f3\u65bcCARA\u5982\u4f55\u7528<span style=\"color: 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300w, https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/02\/TDSA5.jpg?resize=1024%2C678&amp;ssl=1 1024w, https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/02\/TDSA5.jpg?resize=768%2C508&amp;ssl=1 768w\" sizes=\"auto, (max-width: 720px) 100vw, 720px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 14pt;\"><strong>\u5ef6\u4f38\u95b1\u8b80<\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/cabanaetfs.com\/series-overview\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/cabanaetfs.com\/series-overview<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/thecabanagroup.com\/white-papers\/\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"broken_link\">https:\/\/thecabanagroup.com\/white-papers\/<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.mpfdiy.com\/2021\/03\/%e6%88%b0%e8%a1%93%e6%80%a7%e9%85%8d%e7%bd%aeetf7-deltashares\/\" target=\"_blank\" rel=\"noopener noreferrer\">\u4e0b\u6587\u7e8c<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u6230\u8853\u6027\u914d\u7f6eETF#6 &#8211; Target Drawdown &nbsp; \u5148\u8b80\u524d\u6587\uff1a &nbsp; 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