{"id":8246,"date":"2024-01-29T02:58:12","date_gmt":"2024-01-28T18:58:12","guid":{"rendered":"https:\/\/www.mpfdiy.com\/?p=8246"},"modified":"2024-01-29T02:58:12","modified_gmt":"2024-01-28T18:58:12","slug":"%e6%b4%be10%e5%8e%98%e6%81%af%e4%bb%a5%e4%b8%8a%e7%9a%84%e5%9f%ba%e9%87%91","status":"publish","type":"post","link":"https:\/\/www.mpfdiy.com\/2024\/01\/%e6%b4%be10%e5%8e%98%e6%81%af%e4%bb%a5%e4%b8%8a%e7%9a%84%e5%9f%ba%e9%87%91\/","title":{"rendered":"\u6d3e10\u5398\u606f\u4ee5\u4e0a\u7684\u57fa\u91d1"},"content":{"rendered":"

\u6d3e10\u5398\u606f\u4ee5\u4e0a\u7684\u57fa\u91d1<\/span><\/strong><\/span><\/h2>\n

 <\/p>\n

\u63a5\u4e0a\u6587<\/a><\/span><\/p>\n

 <\/p>\n

\u7576\u88ab\u5927\u8dcc\u5e02\u6c96\u64ca\u5b8c\u4e4b\u5f8c\uff0c\u6563\u6236\u5e38\u5e38\u5514\u6562\u640f\uff0c\u65bc\u662f\u8ad7\u4f4f\u6536\u4e0b\u606f\u7b97\u6578\uff0c\u4f46\u53c8\u9802\u5514\u4f4f\u8a98\u60d1\uff0c\u5f80\u5f80\u504f\u5411\u9ad8\u606f\u7522\u54c1\u3002<\/span><\/p>\n

 <\/p>\n

\u65bc\u662f\uff0c\u6295\u8cc7\u7f8e\u80a1\u7684\u6563\u6236\u5c31\u6703\u4e0d\u77e5\u4e0d\u89ba\u63a5\u89f8\u5230\u4e00\u4e9b\u53ebClosed End Fund \u5c01\u9589\u5f0f\u57fa\u91d1<\/strong><\/span>\u7684\u6295\u8cc7\u7522\u54c1\uff0c\u9019\u4e9bCEF \u5f80\u5f80\u4ee5\u6d3e\u9ad8\u606f\u4f5c\u62db\u5fa0<\/span><\/strong>\uff0c\u6bcf\u5e74\u6d3e10\u5398\u606f\u4ee5\u4e0a\u7684CEF, \u6bd4\u6bd4\u7686\u662f\uff0c\u6578\u91cf\u53ef\u4ee5\u63a5\u8fd150\u96bb\u57fa\u91d1\uff0c\u898b\u4e0b\uff1a<\/span><\/p>\n

 <\/p>\n

\"<\/a><\/p>\n

 <\/p>\n

\u672c\u6587\u4e0d\u662f\u63a8\u4ecb\u6295\u8cc7\u7522\u54c1<\/span>\uff0c\u800c\u662f\u5e0c\u671b\u5927\u5bb6\u5c0d\u9019\u4e9b\u6bd4\u8f03\u5c11\u63a5\u89f8\u7684\u6295\u8cc7\u7269\u6709\u6240\u8a8d\u8b58\uff0c\u4e0d\u8981\u56e0\u70ba\u7121\u77e5\u800c\u4e0d\u805e\u4e0d\u554f\uff0c\u4ea6\u4e0d\u8981\u56e0\u8caa\u9ad8\u606f\u800c\u5ffd\u8996\u98a8\u96aa<\/span>\u3002<\/span><\/p>\n

 <\/p>\n

\u9996\u5148\uff0c\u4ec0\u9ebc\u662fCEF \u5c01\u9589\u5f0f\u57fa\u91d1\uff1f ChatGPT \u5481\u8b1b\uff1a<\/span><\/p>\n

 <\/p>\n

“\u5c01\u9589\u578b\u57fa\u91d1\u662f\u4e00\u5bb6\u516c\u958b\u4ea4\u6613\u7684\u6295\u8cc7\u516c\u53f8\uff0c\u6295\u8cc7\u65bc\u5404\u7a2e\u8b49\u5238\uff0c\u5982\u80a1\u7968\u548c\u50b5\u5238\u3002\u6839\u64da\u57fa\u91d1\u7684\u6295\u8cc7\u76ee\u6a19\uff0c\u8a72\u57fa\u91d1\u4e3b\u8981\u901a\u904e\u9996\u6b21\u516c\u958b\u52df\u80a1\uff08IPO\uff09\u7c4c\u96c6\u8cc7\u672c\u3002 “\u5c01\u9589” \u610f\u5473\u8457\u4e00\u65e6\u7c4c\u96c6\u5230\u8cc7\u672c\uff0c\u57fa\u91d1\u8d0a\u52a9\u5546\u901a\u5e38\u4e0d\u518d\u63d0\u4f9b\u66f4\u591a\u7684\u80a1\u4efd\uff0c\u4e26\u4e14\u65b0\u80a1\u7684\u767c\u884c\u5c0d\u6295\u8cc7\u8005\u800c\u8a00\u5df2\u7d93\u7d50\u675f\u3002<\/span><\/p>\n

IPO\u4e4b\u5f8c\uff0c\u5927\u591a\u6578\u5c01\u9589\u578b\u57fa\u91d1\u6703\u5728\u4ea4\u6613\u6240\u4e0a\u5e02\uff0c\u3002\u5728\u90a3\u88e1\uff0c\u57fa\u91d1\u7684\u80a1\u4efd\u901a\u904e\u8207\u5176\u4ed6\u6295\u8cc7\u8005\u9032\u884c\u4ea4\u6613\u800c\u975e\u8d0a\u52a9\u516c\u53f8\u672c\u8eab\u9032\u884c\u8cfc\u8cb7\u548c\u51fa\u552e\u3002<\/span><\/p>\n

\u5178\u578b\u7684\u5c01\u9589\u578b\u57fa\u91d1\u7b56\u7565\u4ee3\u8868\u4e86\u4e00\u7a2e\u7a4d\u6975\u7ba1\u7406\u7684\u6301\u6709\u9078\u64c7\u3002\u9019\u4e9b\u8b49\u5238\u6295\u8cc7\u7e3d\u9ad4\u4e0a\u5f62\u6210\u4e00\u500b\u50f9\u503c\uff0c\u88ab\u7a31\u70ba\u5176\u6de8\u8cc7\u7522\u50f9\u503c\uff08NAV\uff09\uff0c\u53ef\u80fd\u8207\u57fa\u91d1\u7684\u5e02\u5834\u50f9\u683c\u4e0d\u540c\u3002\u5e02\u5834\u50f9\u683c\u7531\u5e02\u5834\u9700\u6c42\u548c\u4f9b\u61c9\u78ba\u5b9a\uff0c\u800c\u4e0d\u662f\u57fa\u91d1\u7684\u6de8\u8cc7\u7522\u50f9\u503c\u3002<\/span><\/p>\n

\u7531\u65bc\u5927\u591a\u6578\u5c01\u9589\u578b\u57fa\u91d1\u63d0\u4f9b\u5b9a\u671f\u7684\u6708\u5ea6\u6216\u5b63\u5ea6\u5206\u914d\uff0c\u9700\u6c42\u901a\u5e38\u8207\u57fa\u91d1\u7684\u5206\u914d\u91d1\u984d\u548cNAV\u8868\u73fe\u6709\u95dc\u3002<\/span><\/p>\n

\u96d6\u7136\u5c01\u9589\u578b\u57fa\u91d1\u7684\u6d41\u901a\u80a1\u6578\u76f8\u5c0d\u7a69\u5b9a\uff0c\u4f46\u53ef\u4ee5\u901a\u904e\u4e8c\u6b21\u767c\u884c\u3001\u8a8d\u80a1\u6b0a\u767c\u884c\u6216\u767c\u884c\u80a1\u4efd\u9032\u884c\u80a1\u5229\u518d\u6295\u8cc7\u800c\u5275\u5efa\u984d\u5916\u7684\u80a1\u4efd\u3002”<\/span><\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

\u5514\u660e\u5514\u7dca\u8981\uff0c\u5927\u5bb6\u61c9\u8a72\u90fd\u77e5\u9053\u4ec0\u9ebc\u662fETF (\u50cf2800.Hk \u76c8\u5bcc\u57fa\u91d1),\u00a0 \u53c8\u77e5\u9053\u5f37\u7a4d\u91d1\u5167\u7684\u5171\u540c\u57fa\u91d1(\u5373\u6210\u4efd\u57fa\u91d1), CEF \u5247\u8207\u5169\u8005\u6709\u540c\u6709\u4e0d\u540c\u3002<\/span><\/p>\n

 <\/p>\n

\u540c\u7684\u662f\u6709\u57fa\u91d1\u7d93\u7406\uff0c\u6709\u57fa\u91d1\u958b\u652f\uff0c\u6709\u6295\u8cc7\u76ee\u7684\uff1b\u4e0d\u540c\u7684\u662fCEF \u7121\u57fa\u91d1\u55ae\u4f4d\u52a0\u6e1b<\/span>\uff0c\u53ea\u6709\u73fe\u57fa\u91d1\u55ae\u4f4d\u6301\u6709\u4eba\u81ea\u884c\u65bc\u4ea4\u6613\u6240\u5167\u8cb7\u8ce3\uff0c\u6240\u4ee5\u6709\u5e02\u50f9\uff0c\u4ea6\u6709\u9ad8\u4f4e\u6c34\u3002<\/span><\/p>\n

 <\/p>\n

\u7531\u65bcCEF \u7684\u8cc7\u7522\u7e3d\u91cf\u6bd4\u8f03\u7a69\u5b9a\uff0c\u6240\u4ee5\u6295\u8cc7\u76ee\u7684\u6bd4\u8f03\u9577\u7dda\uff0c\u57fa\u91d1\u7d93\u7406\u5927\u591a\u6703\u904b\u7528\u53e6\u985e\u6295\u8cc7\u7269\u5982\u671f\u6b0a\uff0c\u9ad8\u606f\u50b5REITS, MLP, \u512a\u5148\u80a1\uff0c\u5546\u54c1\uff0c\u69d3\u687f<\/span>\u7b49\u7b49\uff0c\u65bc\u662fCEF \u662f\u50b3\u7d71\u80a1\u50b5\u4ee5\u5916\u7684\u9078\u64c7\uff0c\u7528\u4ee5diversify \u6295\u8cc7\u8005\u7684portfolio,\u00a0 \u800c\u4e0d\u662f\u55ae\u4e00 all-in \u53bbCEF \u3002<\/span><\/p>\n

 <\/p>\n

 <\/p>\n

CEF \u535a\u5927\u7cbe\u6df1\uff0c\u5206\u985e\u773e\u591a\uff0c\u4ee5\u4e0b\u7528\u4e00\u96bbCEF \u4f5c\u4f8b\u5b50\uff0c\u8a18\u7740\uff1a\u4e0d\u662f\u6d3enumber,\u00a0 \u4e0d\u662f\u63a8\u4ecb<\/span>\uff0c\u53ea\u662f\u4ecb\u7d39\u5206\u6790\u67d0\u4e00\u985eCEF \u7684\u77e5\u8b58\u3002<\/span><\/p>\n

 <\/p>\n

\u5927\u5bb6\u95b1\u8b80\u5b8c<\u6253\u9020\u9577\u52dd\u5f37\u7a4d\u91d1><\/span>\u4e4b\u5f8c\uff0c\u61c9\u8a72\u6703\u77e5\u9053\u5206\u6790\u50b5\u5238\u57fa\u91d1\u7684\u5143\u7d20\u8981\u9ede\uff0c\u4f8b\u5982credit rating,\u00a0 maturity \u8207\u53caduration<\/span>,\u00a0 \u904b\u7528\u9019\u4e9b\u5f37\u7a4d\u91d1\u77e5\u8b58\u53bb\u5206\u6790\u50b5\u5238\u578bCEF<\/span>, \u5176\u5be6\u9053\u7406\u4ea6\u662f\u4e00\u6a23\u3002<\/span><\/p>\n

 <\/p>\n

\u4ee5\u4e0b\u7528\u4e00\u96bb\u53eb \u4ee3\u865f\u70baPTY \u4f5c\u4f8b\u5b50(\u91cd\u7533\uff1a\u4e0d\u662f\u63a8\u4ecb) \u770b\u770b\u5b83\u662f\u5982\u4f55\u80fd\u6d3e10%\u9ad8\u606f\u3002<\/span><\/p>\n

 <\/p>\n

\"<\/a><\/span><\/p>\n

 <\/p>\n

PTY\u00a0 Corporate & Income Opportunity Fund<\/span><\/p>\n

 <\/p>\n

https:\/\/www.pimco.com\/en-us\/investments\/closed-end-funds\/corporate-income-opportunity-fund<\/span><\/p>\n

 <\/p>\n

\u5148\u5230\u767c\u884c\u5546PIMCO \u7684\u7db2\u7ad9\uff0c\u641c\u67e5PTY \u7684\u8a73\u7d30\u5167\u5bb9\uff0c\u5927\u5bb6\u7559\u610f\u96d6\u7136\u7db2\u4e0a\u6709\u5f88\u591aETF zmutual fund \u53caCEF \u7684\u77e5\u8a0a\u5e73\u53f0\uff0c\u4f46\u8981\u7372\u5f97\u6700\u6e96\u78ba\u7684\u77e5\u8a0a\uff0c\u4e00\u5b9a\u8981\u7531\u8a72\u57fa\u91d1\u7684\u767c\u884c\u5546\/\u57fa\u91d1\u7d93\u7406\u7684\u7db2\u7ad9\u5165\u624b\u3002<\/span><\/p>\n

 <\/p>\n

\u5f9ePTY \u7684\u6295\u8cc7\u76ee\u6a19\u53ef\u898b\uff1a<\/span><\/p>\n

 <\/p>\n

Using a dynamic asset allocation strategy that focuses on duration management, credit quality analysis, risk management techniques, and broad diversification among issuers, industries and sectors, the fund seeks maximum total return through a combination of current income and capital appreciation.<\/span><\/p>\n

 <\/p>\n

\u518d\u770b\u770b\u57fa\u91d1\u6295\u8cc7\u5206\u5e03\uff0c\u898b\u4e0b\uff0c\u662f\u4ee5\u9ad8\u606f\u50b5\u53ca\u6309\u63ed\u6536\u76ca<\/span>\u70ba\u4e3b\u3002<\/span><\/p>\n

 <\/p>\n

\"<\/a><\/span><\/p>\n

 <\/p>\n

\u5b9a\u606f\u5de5\u5177\u7684\u7d9c\u5408\u5e73\u5747\u5230\u671f\u5e74\u671f\u70ba7.49\u5e74\uff0c\u53ef\u898b\u662f\u4e2d\u671f\u50b5\u5572friend.<\/span><\/p>\n

 <\/p>\n

Duration \u70ba3.66\u5e74\uff0c \u5927\u5bb6\u5982\u679c\u6709\u8b80<\u6253\u9020\u9577\u52dd\u5f37\u7a4d\u91d1>\u7b2c49\u9801<\/span>\u5c31\u77e53.66\u5e74\u7684duration \u4ee3\u8868\u5572\u4e5c\u3002<\/span><\/p>\n

 <\/p>\n

 <\/p>\n

\"<\/a><\/span><\/p>\n

 <\/p>\n

 <\/p>\n

\u518d\u7528Portfolio visualizer \u53bb\u7747\u7747PTY \u7684\u5e74\u5747\u56de\u5831\u53ca\u6ce2\u5e45<\/span>\uff1a<\/span><\/p>\n

 <\/p>\n

 <\/p>\n

\"<\/a><\/span><\/p>\n

 <\/p>\n

\u904e\u5f80\u5eff\u5e74\u5e74\u5747\u56de\u5831\u670911%,\u00a0 MDD -47%<\/span>,\u00a0 \u662f\u5426\u81ea\u5df1\u676f\u8336\uff1f<\/span><\/p>\n

 <\/p>\n

\u5927\u5bb6\u53ef\u898b\u5176\u5be6\u7b46\u8005\u7121\u7406PTY \u768410\u5398\u606f\uff0c\u56e0\u70ba\u7121\u8ad6\u662f\u6d3e\u606f\u6291\u6216\u80a1\u50f9\u4e0a\u5347\uff0cPV \u90fd\u6703\u7d9c\u5408\u8003\u616e\uff0c\u4e00\u822c\u7747\u5716\u8edf\u4ef6<\/span>\u5982stockchart \u6216 tradingview , \u53ea\u6703\u986f\u793a\u80a1\u50f9\u5716\uff0c\u800c\u6c92\u6709\u7d9c\u5408\u8003\u616e\u6d3e\u606f<\/span>\uff0c\u5c24\u5176\u662f\u6d3e\u9ad8\u606f\u7684CEF, \u53ea\u6709\u7528PV \u624d\u80fd\u6e96\u78ba\u5206\u6790\u3002<\/span><\/p>\n

 <\/p>\n

\u9019\u4e9b\u9ad8\u6d3e\u606f\u7684CEF \u53ef\u80fd\u662f\u6d3eincome + capital,\u00a0 \u4e0d\u904e\u7b46\u8005\u6703\u5b9a\u671f\u505arebalance,\u00a0 \u6536\u5230\u5605\u6d3e\u606f\u5c31\u5b9a\u671f\u8cb7\u8fd4CEF,\u4fdd\u6301\u81ea\u5df1portfolio \u5605\u6bd4\u4f8b\u3002<\/span><\/p>\n

 <\/p>\n

\u81f3\u65bcCEF \u65bc\u81ea\u5df1portfolio \u61c9\u8a72\u4f54\u5e7e\u591a\u6bd4\u4f8b\uff1f\u6bcf\u6708\u5b9a\u6bcf\u5e74\u505arebalance \u70ba\u4f73\uff1f\u9019\u4e9b\u90fd\u53ef\u4ee5\u7528portfolio visualizer \u5e6b\u624b\u5206\u6790\uff0c\u6240\u4ee5\u7b46\u8005\u641e\u4e86\u4e00\u500bPV\u5206\u4eab\u6703<\/a>\uff0c\u672c\u6587\u51fa\u8857\u5e7e\u65e5\u5f8c\u958b\u59cb\u7b2c\u4e00\u6b21\u5206\u4eab\uff0c\u60f3join \u5c31\u8d81\u624b\uff0c\u8607\u5dde\u904e\u5f8c\u7121\u8247\u642d\u3002<\/span><\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

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

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