{"id":799803,"date":"2026-06-15T21:14:03","date_gmt":"2026-06-15T13:14:03","guid":{"rendered":"https:\/\/www.alphaseek.cn\/?p=799803"},"modified":"2026-06-15T21:14:03","modified_gmt":"2026-06-15T13:14:03","slug":"%e7%be%8e%e5%80%ba%e5%85%a8%e7%ba%bf%e4%b8%8a%e6%89%ac-%e4%bc%8a%e6%9c%97%e5%8d%8f%e8%ae%ae%e4%bf%83%e4%bd%bf%e4%ba%a4%e6%98%93%e5%91%98%e5%89%8a%e5%87%8f%e5%af%b9%e7%be%8e%e8%81%94%e5%82%a8%e7%9a%84","status":"publish","type":"post","link":"https:\/\/www.alphaseek.cn\/?p=799803","title":{"rendered":"\u7f8e\u503a\u5168\u7ebf\u4e0a\u626c \u4f0a\u6717\u534f\u8bae\u4fc3\u4f7f\u4ea4\u6613\u5458\u524a\u51cf\u5bf9\u7f8e\u8054\u50a8\u7684\u52a0\u606f\u62bc\u6ce8"},"content":{"rendered":"<p>\u7f8e\u503a\u4e0a\u6da8\uff0c\u4f0a\u6717\u4e34\u65f6\u534f\u8bae\u8fbe\u6210\u7684\u6d88\u606f\u4f20\u51fa\u540e\uff0c<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e6%8a%95%e8%b5%84\" title=\"View all posts in \u6295\u8d44\" target=\"_blank\" class=\"tag_link\">\u6295\u8d44<\/a>\u8005\u964d\u4f4e\u5bf9<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e7%be%8e%e8%81%94%e5%82%a8\" title=\"View all posts in \u7f8e\u8054\u50a8\" target=\"_blank\" class=\"tag_link\">\u7f8e\u8054\u50a8<\/a><a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%8a%a0%e6%81%af\" title=\"View all posts in \u52a0\u606f\" target=\"_blank\" class=\"tag_link\">\u52a0\u606f<\/a>\u7684\u9884\u671f\u3002<\/p>\n<p>\u5404\u671f\u9650\u7f8e\u503a\u6536\u76ca\u7387\u5747\u4e0b\u964d\uff0c\u5bf9<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e8%b4%a7%e5%b8%81\" title=\"View all posts in \u8d27\u5e01\" target=\"_blank\" class=\"tag_link\">\u8d27\u5e01<\/a>\u653f\u7b56\u53d8\u5316\u6700\u4e3a\u654f\u611f\u7684\u77ed\u671f<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%80%ba%e5%88%b8\" title=\"View all posts in \u503a\u5238\" target=\"_blank\" class=\"tag_link\">\u503a\u5238<\/a>\u6536\u76ca\u7387\u9886\u8dcc\u3002\u4e92\u6362\u5e02\u573a\u4ea4\u6613\u5458\u9884\u8ba1\uff0c\u7f8e\u8054\u50a812\u6708\u524d\u52a0\u606f25\u4e2a\u57fa\u70b9\u7684\u53ef\u80fd\u6027\u7ea6\u4e3a70%\uff0c\u4f4e\u4e8e\u4e0a\u5468\u4e94\u7684\u7ea680%\u3002\u5e03\u4f26\u7279\u539f\u6cb9\u4ef7\u683c\u4e0b\u8dcc\u7ea65%\uff0c\u7f13\u89e3\u4e86\u5e02\u573a\u5bf9<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e9%80%9a%e8%83%80\" title=\"View all posts in \u901a\u80c0\" target=\"_blank\" class=\"tag_link\">\u901a\u80c0<\/a>\u7684\u62c5\u5fe7\u3002\u7f8e\u5143\u8d70\u4f4e\u3002<\/p>\n<p>\u7f8e\u503a\u4ef7\u683c\u4e0a\u6da8\uff0c\u56e0\u6295\u8d44\u8005\u4e50\u89c2\u9884\u671f\u4f0a\u6717\u51b2\u7a81\u7684\u89e3\u51b3\u5c06\u6709\u52a9\u4e8e\u91cd\u65b0\u5f00\u653e\u970d\u5c14\u6728\u5179\u6d77\u5ce1\u5e76\u964d\u4f4e\u6cb9\u4ef7\u3002\u8fd9\u4e00\u8d70\u52bf\u7684\u5f71\u54cd\u8fdc\u4e0d\u6b62\u4e8e\u89c4\u6a2131\u4e07\u4ebf\u7f8e\u5143\u7684\u7f8e\u503a\u5e02\u573a\uff0c\u9274\u4e8e<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e7%be%8e%e5%9b%bd\" title=\"View all posts in \u7f8e\u56fd\" target=\"_blank\" class=\"tag_link\">\u7f8e\u56fd<\/a>\u503a\u5238\u662f\u5168\u7403\u501f\u8d37\u6210\u672c\u7684\u57fa\u51c6\uff0c\u5bf9\u4ece\u516c\u53f8\u503a\u3001<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e6%96%b0%e5%85%b4%e5%b8%82%e5%9c%ba\" title=\"View all posts in \u65b0\u5174\u5e02\u573a\" target=\"_blank\" class=\"tag_link\">\u65b0\u5174\u5e02\u573a<\/a>\u8d44\u4ea7\u7b49\u8bf8\u591a\u5e02\u573a\u90fd\u6709\u5f71\u54cd\u3002\u800c\u7f8e\u5143\u7684\u4e0b\u8dcc\u5219\u4e0e\u907f\u9669\u9700\u6c42\u4e0b\u964d\u6709\u5173\u3002<\/p>\n<p>\u201c\u6295\u8d44\u8005\u8ba4\u4e3a\uff0c\u6cb9\u4ef7\u4e0b\u8dcc\u5c06\u964d\u4f4e\u53d1\u8fbe\u5e02\u573a<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%a4%ae%e8%a1%8c\" title=\"View all posts in \u592e\u884c\" target=\"_blank\" class=\"tag_link\">\u592e\u884c<\/a>\u91c7\u53d6\u66f4\u6fc0\u8fdb\u52a0\u606f\u63aa\u65bd\u7684\u5fc5\u8981\u6027\uff0c\u201d<span><a href=\"https:\/\/stock.finance.sina.com.cn\/usstock\/quotes\/JPM.html\" target=\"_blank\" data-sudaclick=\"content_marketkeywords_p\" rel=\"noopener\">\u6469\u6839\u5927\u901a<\/a><\/span><span><\/span>\u8de8\u8d44\u4ea7<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e7%ad%96%e7%95%a5\" title=\"View all posts in \u7b56\u7565\" target=\"_blank\" class=\"tag_link\">\u7b56\u7565<\/a>\u4e3b\u7ba1Fabio Bassi\u8868\u793a\u3002\u201c\u5e02\u573a\u53c2\u4e0e\u8005\u5df2\u7ecf\u4e60\u60ef\u4e2d\u4e1c\u5c40\u52bf\u6d88\u606f\u53cd\u590d\u5e26\u6765\u7684\u5f71\u54cd\uff0c\u56e0\u6b64\u5bf9\u5f53\u524d\u5c40\u52bf\u4ecd\u4fdd\u6301\u4e00\u5b9a\u7a0b\u5ea6\u7684\u6000\u7591\u3002\u201d<\/p>\n<p>Bassi\u9884\u8ba1\uff0c10\u5e74\u671f\u7f8e\u56fd\u56fd\u503a\u6536\u76ca\u7387\u5c06\u5728\u5e74\u5e95\u65f6\u63a5\u8fd14.70%\u3002\u4ed6\u8ba4\u4e3a\uff0c\u5982\u679c\u6536\u76ca\u7387\u5347\u7834\u8be5\u6c34\u5e73\uff0c\u5c06\u4e3a\u957f\u671f\u6295\u8d44\u8005\u63d0\u4f9b\u4e70\u5165\u673a\u4f1a\u3002<\/p>\n<p>2\u5e74\u671f\u7f8e\u503a\u6536\u76ca\u7387\u4e00\u5ea6\u4e0b\u8dcc7\u4e2a\u57fa\u70b9\u81f34.01%\uff0c\u57fa\u51c610\u5e74\u671f\u6536\u76ca\u7387\u8dcc6\u4e2a\u57fa\u70b9\uff0c\u81f34.42%\u300230\u5e74\u671f\u6536\u76ca\u7387\u4e00\u5ea6\u4e0b\u8dcc5\u4e2a\u57fa\u70b9\u81f34.92%\uff0c\u4e3a5\u67087\u65e5\u4ee5\u6765\u7684\u6700\u4f4e\u6c34\u5e73\u3002<\/p>\n<p>\u201c\u90e8\u5206\u5229\u7387\u503a\u7a7a\u5934\u5934\u5bf8\u5c06\u88ab\u89e3\u9664\uff0c\u201dWilson Asset Management<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%af%b9%e5%86%b2%e5%9f%ba%e9%87%91\" title=\"View all posts in \u5bf9\u51b2\u57fa\u91d1\" target=\"_blank\" class=\"tag_link\">\u5bf9\u51b2\u57fa\u91d1<\/a>\u7ecf\u7406Matthew Haupt\u8868\u793a\u3002\u201c\u5404\u56fd\u592e\u884c\u73b0\u5728\u53ef\u4ee5\u4e0d\u90a3\u4e48\u9e70\u6d3e\u4e86\uff0c\u56e0\u4e3a\u5b83\u4eec\u53ef\u4ee5\u7b49\u5f85\u5e76\u5ffd\u7565\u4efb\u4f55\u77ed\u671f\u901a\u80c0\u3002\u201d<\/p>\n<p>\u7f8e\u56fd\u548c\u4f0a\u6717\u8868\u793a\u5df2\u7ecf\u8fbe\u6210\u534f\u8bae\u91cd\u65b0\u5f00\u653e\u970d\u5c14\u6728\u5179\u6d77\u5ce1\u3002\u8fd9\u5bf9\u7f8e\u56fd\u6765\u8bf4\u5c06\u662f\u4e00\u4e2a\u7f13\u89e3\uff0c\u56e0\u4e3a\u7f8e\u56fd\u6d88\u8d39\u8005\u4ef7\u683c\u6da8\u5e45\u521b\u4e09\u5e74\u6765\u6700\u5feb\uff0c\u6295\u8d44\u8005\u5c06\u76ee\u5149\u805a\u7126\u5728\u65b0\u4efb\u7f8e\u8054\u50a8\u4e3b\u5e2d\u51ef\u6587\u00b7\u6c83\u4ec0\u53ca\u5176\u653f\u7b56\u4e0a\u3002<\/p>\n<p>\u7f8e\u8054\u50a8\u672c\u5468\u5c06\u5ba3\u5e03\u653f\u7b56\u51b3\u5b9a\uff0c\u7ecf\u6d4e\u5b66\u5bb6\u9884\u8ba1\u592e\u884c\u5c06\u628a\u57fa\u51c6\u5229\u7387\u7ef4\u6301\u57283.5%-3.75%\u7684\u533a\u95f4\uff0c\u540c\u65f6\u89c2\u671b\u4f0a\u6717\u6218\u4e89\u5e26\u6765\u7684<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e8%83%bd%e6%ba%90\" title=\"View all posts in \u80fd\u6e90\" target=\"_blank\" class=\"tag_link\">\u80fd\u6e90<\/a>\u4ef7\u683c\u51b2\u51fb\u5c06\u5982\u4f55\u5f71\u54cd\u7ecf\u6d4e\u3002<\/p>\n<p>\u201c\u6839\u636e\u6218\u540e\u89c2\u5bdf\u5230\u7684\u76f8\u5173\u6027\uff0c\u5728\u503a\u5238\u5e02\u573a\uff0c\u6cb9\u4ef7\u4e0b\u8dcc10%\u5c06\u5bfc\u81f4\u7f8e\u56fd10\u5e74\u671f\u56fd\u503a\u6536\u76ca\u7387\u4e0b\u964d\u7ea613\u4e2a\u57fa\u70b9\uff0c\u201dInvesco Asset Management Japan\u7684\u5168\u7403\u5e02\u573a\u7b56\u7565\u5e08Tomo Kinoshita\u8868\u793a\u3002<\/p>\n<p><a href=\"https:\/\/www.alphaseek.cn\/?tag=%e6%ac%a7%e6%b4%b2\" title=\"View all posts in \u6b27\u6d32\" target=\"_blank\" class=\"tag_link\">\u6b27\u6d32<\/a>\u5404\u5730\u503a\u5238\u6536\u76ca\u7387\u666e\u904d\u8d70\u4f4e\uff0c\u4ea4\u6613\u5458\u4e0b\u8c03\u5bf9\u82f1\u56fd\u592e\u884c\uff08\u5b9a\u4e8e\u5468\u56db\u53ec\u5f00\u4f1a\u8bae\uff09\u548c\u6b27\u6d32\u592e\u884c\u7684\u52a0\u606f\u9884\u671f\u3002\u6b27\u6d32\u592e\u884c\u4e0a\u5468\u5df2\u5c06\u501f\u8d37\u6210\u672c\u4e0a\u8c0325\u4e2a\u57fa\u70b9\uff0c\u6210\u4e3a\u9996\u4e2a\u91c7\u53d6\u6b64\u4e3e\u7684\u4e3b\u8981\u592e\u884c\u3002\u4e9a\u6d32\u503a\u5238\u5e02\u573a\u4e5f\u51fa\u73b0\u53cd\u5f39\u3002<\/p>\n<p><strong>\u7126\u6025\u7b49\u5f85<\/strong><\/p>\n<p>\u4e0e\u6b64\u540c\u65f6\uff0c\u968f\u7740\u5e02\u573a\u5bf9\u7ed3\u675f\u6218\u4e89\u7684\u534f\u8bae\u62b1\u6709\u4e50\u89c2\u9884\u671f\uff0c\u907f\u9669\u8d44\u4ea7\u7684\u9700\u6c42\u51cf\u5f31\uff0c\u7f8e\u5143<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e6%b1%87%e7%8e%87\" title=\"View all posts in \u6c47\u7387\" target=\"_blank\" class=\"tag_link\">\u6c47\u7387<\/a>\u8dcc\u81f36\u67085\u65e5\u4ee5\u6765\u7684\u6700\u4f4e\u70b9\u3002\u4e0d\u8fc7\uff0c\u81ea2\u6708\u5e95\u7f8e\u56fd\u548c\u4ee5\u8272\u5217\u88ad\u51fb\u4f0a\u6717\u4ee5\u6765\uff0c<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%bd%ad%e5%8d%9a\" title=\"View all posts in \u5f6d\u535a\" target=\"_blank\" class=\"tag_link\">\u5f6d\u535a<\/a><a href=\"https:\/\/www.alphaseek.cn\/?tag=%e7%be%8e%e5%85%83%e6%8c%87%e6%95%b0\" title=\"View all posts in \u7f8e\u5143\u6307\u6570\" target=\"_blank\" class=\"tag_link\">\u7f8e\u5143\u6307\u6570<\/a>\u4ecd\u4e0a\u6da8\u4e86\u7ea61.4%\uff0c\u4e14\u4e0a\u5468\u4ea4\u6613\u5458\u5bf9\u7f8e\u5143\u7684\u6574\u4f53\u6001\u5ea6\u4f9d\u7136\u79ef\u6781\u3002<\/p>\n<p>\u534f\u8bae\u5ba3\u5e03\u4ec5\u6570\u5206\u949f\u540e\uff0c\u7f8e\u56fd\u548c\u4f0a\u6717\u53cc\u65b9\u4fbf\u5df2\u5bf9\u5176\u4f5c\u51fa\u4e0d\u540c\u89e3\u8bfb \u2014\u2014 \u8fd9\u8868\u660e\uff0c\u5c31\u4f0a\u6717\u6838\u8ba1\u5212\u7684\u672a\u51b3\u95ee\u9898\u8fbe\u6210\u4e00\u81f4\u5c06\u4f55\u5176\u8270\u96be\u3002<\/p>\n<p>\u201c\u6d77\u5ce1\u9884\u8ba1\u5c06\u4e8e\u5468\u4e94\u91cd\u65b0\u5f00\u653e\uff0c\u56e0\u6b64\u4ece\u73b0\u5728\u5230\u90a3\u65f6\u53ef\u80fd\u4f1a\u6709\u4e00\u6bb5\u4ee4\u4eba\u7126\u8651\u7684\u7b49\u5f85\u671f\uff0c\u201d<span><a href=\"https:\/\/stock.finance.sina.com.cn\/usstock\/quotes\/NMR.html\" target=\"_blank\" data-sudaclick=\"content_marketkeywords_p\" rel=\"noopener\">\u91ce\u6751\u63a7\u80a1<\/a><\/span><span><\/span>\u7b56\u7565\u5e08Andrew Ticehurst\u8868\u793a\u3002\u201c\u4ee5\u8272\u5217\u5728\u6b64\u671f\u95f4\u7684\u4e3e\u52a8\u4e5f\u53ef\u80fd\u6210\u4e3a\u53d8\u6570\u3002\u201d<\/p>\n<p>\u8d23\u4efb\u7f16\u8f91\uff1a\u9648\u94b0\u5609 <\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u7f8e\u503a\u4e0a\u6da8\uff0c\u4f0a\u6717\u4e34\u65f6\u534f\u8bae\u8fbe\u6210\u7684\u6d88\u606f\u4f20\u51fa\u540e\uff0c\u6295\u8d44\u8005\u964d\u4f4e\u5bf9\u7f8e\u8054\u50a8\u52a0\u606f\u7684\u9884\u671f\u3002 \u5404\u671f\u9650\u7f8e\u503a\u6536\u76ca\u7387\u5747\u4e0b\u964d\uff0c\u5bf9\u8d27\u5e01\u653f\u7b56\u53d8\u5316 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":[],"categories":[4],"tags":[40,96,43,80,131,241,240,186,50,88,15,367,97,29,34,42],"views":7,"_links":{"self":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/799803"}],"collection":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=799803"}],"version-history":[{"count":0,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/799803\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=799803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=799803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=799803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}