{"id":5635,"date":"2021-03-21T21:30:39","date_gmt":"2021-03-21T13:30:39","guid":{"rendered":"https:\/\/www.mpfdiy.com\/?p=5635"},"modified":"2021-04-03T08:46:14","modified_gmt":"2021-04-03T00:46:14","slug":"%e6%88%b0%e8%a1%93%e6%80%a7%e9%85%8d%e7%bd%aeetf8-rpar","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%aeetf8-rpar\/","title":{"rendered":"\u6230\u8853\u6027\u914d\u7f6eETF#8 – RPAR"},"content":{"rendered":"

\u6230\u8853\u6027\u914d\u7f6eETF#8 – RPAR<\/span><\/strong><\/span><\/h2>\n
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\u5148\u8b80\u524d\u6587\uff1a<\/span><\/p>\n
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\u6230\u8853\u6027\u914d\u7f6eETF#1 \u2013 WIZ<\/a><\/span><\/p>\n
\u6230\u8853\u6027\u914d\u7f6eETF#2 \u2013 PWS<\/a><\/span><\/p>\n
\u6230\u8853\u6027\u914d\u7f6eETF#3 \u2013 ONOF<\/span><\/a><\/p>\n
\u6230\u8853\u6027\u914d\u7f6eETF#4 \u2013 RORO<\/span><\/a><\/p>\n
\u6230\u8853\u6027\u914d\u7f6eETF#5 – HTUS<\/span><\/a><\/p>\n
\u6230\u8853\u6027\u914d\u7f6eETF#6 – Target Drawdown<\/span><\/a><\/p>\n
\u6230\u8853\u6027\u914d\u7f6eETF#7 – DeltaShares<\/span><\/a><\/p>\n
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\u6230\u8853\u6027\u914d\u7f6e\u7531\u50b3\u7d71\u7684risk on \/risk off \u4e8c\u5143\u8003\u616e\uff0c\u9032\u5316\u5230\u591a\u968e\u6bb5\u53ca\u5149\u666e\u5f0f\u7684\u914d\u7f6e\uff0c\u5df2\u7d93\u5305\u542b\u4e86\u4e0d\u540c\u7a2e\u985e\u7684\u8cc7\u7522\u3002<\/span><\/p>\n
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\u53ef\u662f\uff0c\u9019\u985e\u53cd\u61c9\u5f0f\u53ca\u5c0d\u61c9\u5f0f\u7684\u8cc7\u7522\u914d\u7f6e\u65b9\u5f0f\uff0c\u6700\u5927\u7684\u7f3a\u9ede\u662f\u9700\u8981\u6709\u6a5f\u5236\u53bb\u5224\u65b7\u7576\u6642\u7684\u60c5\u6cc1\uff0c\u4e0d\u8ad6\u662frisk on\/risk off<\/span>\u3001\u591a\u968e\u6bb5<\/span>\u9084\u662f\u5149\u8b5c\u5f0f<\/span>\uff0c\u7e3d\u6709\u4e00\u4e9b\u8a55\u50f9\u53ca\u8a08\u7b97\u53bb\u4f5c\u6642\u6548\u6027\u7684\u5224\u5b9a\u3002<\/span><\/p>\n
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\u6709\u898b\u53ca\u6b64\uff0c\u4e00\u4e9b\u4eba\u8a8d\u70ba\u53ef\u4ee5\u904b\u7528 \u63a7\u5236\u98a8\u96aa<\/a>\u7684\u65b9\u6cd5\uff0c\u53bb\u5e73\u8861\u4e0d\u540c\u8cc7\u7522\u8655\u65bc\u4e0d\u540c\u7d93\u6fdf\u60c5\u6cc1\u6642\u7684\u98a8\u96aa\uff0c\u4ee4\u6574\u9ad4\u8cc7\u7522\u7684\u98a8\u96aa\u80fd\u5920\u65bc\u4e0d\u540c\u6642\u671f\u7686\u53ef\u4ee5\u8655\u65bc\u5e73\u7a69\u72c0\u614b\uff0c\u5176\u4e2d\u4e00\u500b\u8fa6\u6cd5\u662f\u5e73\u885d\u5404\u6a23\u8cc7\u7522\u65bc\u6574\u9ad4\u8cc7\u7522\u5167\u98a8\u96aa\u6bd4\u4f8b\uff0c\u5373\u662f\u6240\u8b02\u7684\u300c\u98a8\u96aa\u8861\u5e73\u300drisk parity\u3000\uff08\u53e6\u898b \u524d\u6587<\/a>\uff09<\/span>\u3002<\/span><\/p>\n
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\u8209\u500b\u4f8b\u5b50\uff0c\u5982\u679c\u80a1\u7968\u8cc7\u7522\u7684\u6309\u6708\u6ce2\u5e45\u662f6%\uff0c\u800c\u50b5\u5238\u8cc7\u7522\u7684\u6309\u6708\u6ce2\u5e45\u662f3%\uff0c\u90a3\u9ebc\u5982\u679c\u8981\u5e73\u8861\u9019\u5169\u7a2e\u8cc7\u7522\u65bcportfolio \u5167\u6240\u4f54\u6709\u7684\u98a8\u96aa\uff0c\u4fbf\u9700\u8981\u5c07\u6301\u6709\u50b5\u5238\u8cc7\u7522\u7684\u50f9\u503c\u8a2d\u5b9a\u70ba\u80a1\u7968\u8cc7\u7522\u7684\u5169\u500d\u3002<\/span><\/p>\n
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\u9664\u4e86\u80a1\u7968\u53ca\u50b5\u5238\u4e4b\u5916\uff0c\u4e00\u822c\u7684risk parity portfolio \u70ba\u4e86\u9032\u4e00\u6b65\u964d\u4f4e\u98a8\u96aa\uff0c\u6703\u52a0\u5165\u66f4\u591a\u8cc7\u7522\u985e\u5225(asset class)<\/span> \uff0c\u4f8b\u5982\u9ec3\u91d1\u53ca\u5546\u54c1\uff0c\u751a\u81f3\u4e4eprivate equity\u3002<\/span><\/p>\n
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Risk parity portfolio \u7684\u5178\u578b\u72c0\u614b\u662f\u50b5\u591a\u80a1\u5c11<\/span>\uff0c\u9019\u610f\u5473\u8457\u9810\u671f\u56de\u5831\u4e0d\u6703\u592a\u9ad8\uff0c\u6709\u898b\u53ca\u6b64\uff0c\u7ba1\u7406risk parity portfolio \u7684\u6295\u8cc7\u8005\uff0c\u4e00\u822c\u90fd\u6703\u9032\u884c\u69d3\u687f<\/span>\uff0c\u53bb\u52a0\u5927\u9810\u671f\u56de\u5831\u3002<\/span><\/p>\n
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\u8b1b\u5de6\u5481\u8010\uff0c\u5c31\u5230\u4eca\u96c6\u4e3b\u89d2 RPAR<\/a> \u3002RPAR \u5168\u540d RPAR Risk Parity ETF<\/span>\uff0c\u5176 \u641e\u624b\u4e4b\u4e00<\/a>\u7d93\u5e38\u63d0\u53ca\u81ea\u5df1\u65bcBridgewater \u505a\u904e\uff0cRPAR \u4ee5risk parity \u4f5c\u70ba\u6295\u8cc7\u7b56\u7565\u90fd\u662f\u53c3\u8003Bridgewater \u4e91\u4e91\u3002\u4e0d\u904e\u5f9e\u9019\u641e\u624b\u65bcBridgewater \u6253\u5de5\u6642\u671f\u7684job title \u4f86\u770b\uff08Senior Client Advisor and Senior Investment Associate\uff09\uff0c\u4f3c\u662f\u5c0d\u5916\u505a\u5ba3\u50b3\u6e4a\u5ba2\uff0c\u591a\u904e\u65bc\u6295\u8cc7\u90e8\u9580\u5efa\u7acb\u6295\u8cc7\u7b56\u7565\u3002<\/span><\/p>\n
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\u7121\u8ad6\u5982\u4f55\uff0c\u4e0d\u4ee5\u4eba\u5ee2\u8a00\uff0c\u5148\u770b\u770bRPAR \u7684 prospectus<\/a> \uff1a<\/span><\/p>\n
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$\"$ <\/a><\/p>\n
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RPAR \u5148\u4ee5\u4e00\u500bSAA portfolio \u70ba\u4e3b\u529b\uff0c\u65bc\u4e0d\u540c\u6642\u671f(\u5c24\u5176\u662f\u4f4e\u606f\u6642\u671f) \u4fbf\u6703tactically \u53bb\u8f49\u8b8a\u6301\u6709\u7269\u53ca\u6bd4\u4f8b\uff0c\u56e0\u70ba\u4f4e\u606f\u671f\u5c0d\u65bc\u50b5\u591a\u80a1\u5c11\u7684risk parity portfolio \u5c24\u70ba\u4e0d\u5229\u3002<\/span><\/p>\n
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\u65bc\u6210\u6587\u4e4b\u6642(2021\u5e742\u6708) \uff0cRPAR \u6301\u6709\u7269\u53ca\u6bd4\u4f8b\u5982\u4e0b\uff1a<\/span><\/p>\n
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RPAR \u4ea6\u6709\u69d3\u687f<\/span>\u7684\u8a2d\u5b9a\uff0c\u5b83\u6703\u6301\u6709120%\u8cc7\u7522<\/span>\u7684\u6295\u8cc7\u7269\uff0c\u65b9\u6cd5\u662f\u4ee5\u671f\u8ca8<\/span>\u8cb7\u5165\u8cc7\u7522\u3002<\/span><\/p>\n
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RPAR \u65bc2019\u5e74\u5c3e\u958b\u59cb\u4e0a\u5e02\uff0c\u7d93\u6b77\u904e2020\u5e743\u6708\u7684\u7194\u65b7\u53ca2020\u5e74\u5c3e\u7684\u5347\u5e02\uff0c\u6548\u679c\u90fd\u5408\u4e4e\u9810\u671f\u3002<\/span><\/p>\n
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\u5c0f\u7d50:<\/span><\/strong><\/p>\n
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Risk Parity\u7684\u6295\u8cc7\u6982\u5ff5\u958b\u62d3\u4e86Tactical Asset Allocation \u7684\u4e00\u7247\u65b0\u5929\u7a7a\uff0c\u9664\u4e86\u5e73\u8861\u5404\u8cc7\u7522\u7684\u98a8\u96aa\u4e4b\u5916\uff0c\u4e0d\u540c\u5f62\u5f0f\u7684\u6ce2\u5e45\u63a7\u5236\u4ea6\u53ef\u4ee5\u589e\u52a0\u56de\u5831\u53ca\u6ce2\u5e45\u6bd4\u7387\uff0c\u7b46\u8005\u56e0\u800c\u6709\u4e86\u61c9\u7528\u65bc\u5f37\u7a4d\u91d1\u7684\u65b0\u60f3\u6cd5\uff0c\u66ab\u5b9a\u70ba\u7b2c\u5341\u4e8c\u62db\uff0c\u4e3b\u8981\u91dd\u5c0d\u9069\u5408\u4f4e\u6ce2\u5e45\u7684\u9000\u4f11\u4eba\u58eb\uff0c\u9072\u4e9b\u8207\u5927\u5bb6\u5206\u4eab\u3002<\/span><\/p>\n
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\u4e0b\u6587\u7e8c<\/span><\/a><\/p>\n
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\u5ef6\u4f38\u95b1\u8b80:<\/span><\/p>\n
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\u6309\u4e00\u4e0b\u4ee5\u5b58\u53d6 maximizing-the-rebalancing-premium.pdf<\/a><\/p>\n
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\u6230\u8853\u6027\u914d\u7f6eETF#8 – RPAR \u5148\u8b80\u524d\u6587\uff1a \u6230\u8853\u6027\u914d\u7f6eETF#1 …<\/p>\n","protected":false},"author":1,"featured_media":5646,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[54,30,48,40,23],"class_list":["post-5635","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1","tag-position-sizing","tag-sharpe-ratio","tag-48","tag-40","tag-23"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2021\/03\/RPAR7.jpg?fit=871%2C481&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p7Tc20-1sT","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/posts\/5635","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/comments?post=5635"}],"version-history":[{"count":5,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/posts\/5635\/revisions"}],"predecessor-version":[{"id":5727,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/posts\/5635\/revisions\/5727"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/media\/5646"}],"wp:attachment":[{"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/media?parent=5635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/categories?post=5635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/tags?post=5635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}