{"id":8722,"date":"2024-12-23T17:43:55","date_gmt":"2024-12-23T09:43:55","guid":{"rendered":"https:\/\/www.mpfdiy.com\/?p=8722"},"modified":"2024-12-23T17:43:55","modified_gmt":"2024-12-23T09:43:55","slug":"%e8%84%ab%e9%9b%a2%e6%96%b0%e6%89%8b%e8%b3%87%e7%94%a2%e9%85%8d%e7%bd%ae","status":"publish","type":"post","link":"https:\/\/www.mpfdiy.com\/2024\/12\/%e8%84%ab%e9%9b%a2%e6%96%b0%e6%89%8b%e8%b3%87%e7%94%a2%e9%85%8d%e7%bd%ae\/","title":{"rendered":"\u812b\u96e2\u65b0\u624b\u8cc7\u7522\u914d\u7f6e"},"content":{"rendered":"

\u812b\u96e2\u65b0\u624b\u8cc7\u7522\u914d\u7f6e<\/span><\/strong><\/span><\/h2>\n

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\u8cc7\u7522\u914d\u7f6easset allocation<\/span>\u9867\u540d\u601d\u7fa9\u5c31\u662f\u5c07\u8cc7\u7522\u5206\u914d\uff0c\u6700\u5178\u578b\u7684\u8cc7\u7522\u914d\u7f6e\u662f\u7b56\u7565\u6027\u8cc7\u7522\u914d\u7f6estrategic asset allocation SAA\uff0c<\/span>SAA\u662f\u9577\u6642\u9593\u7684\u6295\u8cc7\u7b56\u7565\uff0c\u901a\u5e38\u4e00\u5e74\u534a\u8f09\u53earebalance\u4e00\u6b21\u3002<\/span><\/p>\n

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\u7b46\u8005\u8fd1\u65e5\u95b1\u8b80\u4e86\u4e00\u7bc7\u7531AQR\u64b0\u5beb\u7684SAA\u6587\u7ae0<\/a>\uff0c\u6587\u7ae0\u5927\u6982\u662f\u5411\u6295\u8cc7\u65b0\u624b\u793a\u7bc4\u5982\u4f55\u770b\u5f85\u81ea\u5df1\u7684SAA\uff0c\u8207\u53ca\u5982\u4f55\u812b\u96e2\u65b0\u624b\uff0c\u9032\u968e\u5730\u904b\u7528SAA\u53bb\u7ba1\u7406\u81ea\u5df1\u7684\u8cc7\u7522\u914d\u7f6e\u3002<\/span><\/p>\n

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SAA\u7684\u5165\u9580\u7b2c\u4e00\u62db\u662f60%\u80a1\u7968+40%\u50b5\u5238<\/span>\u7684\u7d44\u5408\uff0c\u6709\u4e9b\u65b0\u624b\u5acc60\/40\u7d44\u6210\u5f88\u60b6\uff0c\u65bc\u662f\u52a0\u5165\u4e00\u4e9b\u53e6\u985e\u8cc7\u7522\uff0c\u4f8b\u5982\u9ad8\u606f\u50b5\uff0c\u623f\u5730\u7522\uff0c\u65b0\u8208\u5e02\u5834\u80a1\u7968\uff0c\u751a\u81f3crypto\u7b49\u7b49\u3002\u6587\u7ae0\u4f5c\u8005\u65bc\u662f\u53eb\u65b0\u624b\u5514\u597d\u5481\u5feb\u52a0\u5176\u4ed6\u8cc7\u7522\u4f4f\uff0c\u9996\u5148\u8981\u77e5\u9053\u5404\u7d44\u5408\u65e2\u56de\u5831\u53ca\u6ce2\u5e45\uff0c\u8207\u53ca\u81ea\u5df1\u53ef\u4ee5\u627f\u53d7\u5605\u6ce2\u5e45\u5148\u3002<\/span><\/p>\n

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\u4ee5\u4e0b\u5716\u70ba\u4f8b\uff0c60\/40\u7d44\u5408\u5605\u5e74\u5747\u56de\u5831\u70ba6.2%\u53ca\u6309\u5e74\u6ce2\u5e45\u70ba9.4%\uff0c\u65bc\u662f\u6587\u7ae0\u4f5c\u8005\u52a0\u5165\u4e00\u4e9b\u53e6\u985e\u8cc7\u7522\uff0c\u7d44\u5408\u51fa\u4e00\u4e9b\u76f8\u540c\u5e74\u5747\u56de\u5831<\/span>\u7684\u8cc7\u7522\u914d\u7f6e\uff0c\u53c8\u6216\u8005\u662f\u76f8\u540c\u6ce2\u5e45<\/span>\u7684\u914d\u7f6e\u7d44\u5408\u3002<\/span><\/p>\n

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

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\u597d\u50cf\u4e0a\u5716\u53f3\u908a\u7b2c\u4e8c\u500b\u7d44\u5408\uff0c\u6ce2\u5e45\u820760\/40\u4e00\u6a23\u662f9.4%\uff0c\u4f46\u5e74\u5747\u56de\u5831\u66f4\u9ad8\uff0c\u56e0\u70ba\u52a0\u5165\u4e86commodities\u5546\u54c1, Long\/Short, Trend following, private equity\u3002<\/span><\/p>\n

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\u63a5\u7740\uff0c\u6587\u7ae0\u4f5c\u8005\u63d0\u51fa\u4e86\u69d3\u687f\u6295\u8cc7<\/span>\u53bb\u589e\u52a0\u56de\u5831\uff0c\u4f46\u524d\u63d0\u662f\u4fdd\u6301\u69d3\u687f\u5f8c\u7684\u6574\u9ad4\u6ce2\u5e45\u820760\/40\u4e00\u81f4\u3002\u65b9\u6cd5\u662f\u52a0\u5165\u591a\u4e9b\u53e6\u985e\u8cc7\u7522(86%)\u53bb\u964d\u4f4e\u6ce2\u5e45\uff0c\u898b\u4e0b\uff1a<\/span><\/p>\n

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\u52a0\u5165\u4e0d\u540c\u8cc7\u7522\u5f8c\u6703\u7372\u5f97\u591a\u500b\u5571\u81ea\u5df1\u5fc3\u6c34\u65e2SAA\uff0c \u6709\u5572\u4f3c\u9577\u671f\u50b3\u7d71\u80a1\u50b5\u6df7\u5408(long term)\uff0c\u6709\u5572\u53ef\u80fd\u4f9d\u9760\u9ad8\u606f\u5468\u671f(yield)\uff0c\u6709\u5572\u6309\u56de\u5831\/\u6ce2\u5e45\u6bd4\u7387(Sharpe Ratio) \u5747\u52fb\u6301\u6709\u4e0d\u540c\u8cc7\u7522\u3002\u9019\u6642\u624b\u63e1\u591a\u500bSAA\uff0c\u9ede\u63c0\uff1f\u6587\u7ae0\u4f5c\u8005\u63d0\u51fa\u5514\u99db\u63c0\uff0c\u5168\u90e8\u5e73\u5747\u5206\u914d\u53bb\u9019\u4e9bSAA\u4e4b\u4e0a\uff0c\u898b\u4e0b\uff1a<\/span><\/p>\n

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\u5c0f\u7d50\uff1a<\/span><\/strong><\/p>\n

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\u5176\u5be6\u672c\u7ad9MPF\u5404\u7b56\u7565\u90fd\u4fc2\u7528\u985e\u4f3c\u505a\u6cd5\uff0c\u7a4d\u91d1\u5927\u53cd\u64ca<\/span><\/strong>\u516750\u79fb\u52d5\/50\u52d5\u529b \u5df2\u7d93\u4fc2\u4f8b\u5b50\u3002<\/span><\/p>\n

 <\/p>\n

\u7576\u5927\u5bb6\u624b\u63e1\u6108\u4f86\u6108\u591a\u5571\u81ea\u5df1\u53ef\u4ee5\u627f\u53d7\u6ce2\u5e45\u5605\u7b56\u7565\/SAA\uff0c\u5c31\u53ef\u4ee5\u5c07\u9019\u4e9b\u5229\u5668\u7d9c\u5408\u904b\u7528\u3002\u5e73\u5747\u5206\u914d\u53ea\u4fc21\/N \u505a\u6cd5\uff0c\u5176\u4ed6\u66f4\u597d\u505a\u6cd5\u5982 risk parity, momentum, MA, \u5927\u5bb6\u5404\u81ea\u5617\u8a66\u8abf\u6821\uff0c\u76f4\u81f3\u5571\u81ea\u5df1\u5fc3\u6c34\u3002<\/span><\/p>\n

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\u812b\u96e2\u65b0\u624b\u8cc7\u7522\u914d\u7f6e   \u8cc7\u7522\u914d\u7f6easset allocation\u9867\u540d\u601d\u7fa9\u5c31\u662f\u5c07\u8cc7\u7522\u5206\u914d\uff0c\u6700\u5178\u578b\u7684\u8cc7\u7522\u914d…<\/p>\n","protected":false},"author":1,"featured_media":8728,"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":[4],"tags":[39,54,30,22,48,7,40,23,53,27],"class_list":["post-8722","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-4","tag-buy-hold","tag-position-sizing","tag-sharpe-ratio","tag-22","tag-48","tag-7","tag-40","tag-23","tag-53","tag-27"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2024\/12\/baby-in-car.jpg?fit=641%2C650&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p7Tc20-2gG","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/posts\/8722","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=8722"}],"version-history":[{"count":4,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/posts\/8722\/revisions"}],"predecessor-version":[{"id":8732,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/posts\/8722\/revisions\/8732"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/media\/8728"}],"wp:attachment":[{"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/media?parent=8722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/categories?post=8722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/tags?post=8722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}