{"id":809780,"date":"2026-07-03T20:30:16","date_gmt":"2026-07-03T12:30:16","guid":{"rendered":"https:\/\/www.alphaseek.cn\/?p=809780"},"modified":"2026-07-03T20:30:16","modified_gmt":"2026-07-03T12:30:16","slug":"%e5%8d%8e%e5%b0%94%e8%a1%97%e7%9b%88%e5%88%a9%e9%a2%84%e6%b5%8b%e9%a3%99%e5%8d%87%ef%bc%8c%e5%bc%95%e5%8f%91%e7%9b%88%e5%88%a9%e6%b3%a1%e6%b2%ab%e6%8b%85%e5%bf%a7","status":"publish","type":"post","link":"https:\/\/www.alphaseek.cn\/?p=809780","title":{"rendered":"\u534e\u5c14\u8857\u76c8\u5229\u9884\u6d4b\u98d9\u5347\uff0c\u5f15\u53d1&#8221;\u76c8\u5229\u6ce1\u6cab&#8221;\u62c5\u5fe7"},"content":{"rendered":"<p><a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%8d%8e%e5%b0%94%e8%a1%97\" title=\"View all posts in \u534e\u5c14\u8857\" target=\"_blank\" class=\"tag_link\">\u534e\u5c14\u8857<\/a>\u5bf9\u4f01\u4e1a\u76c8\u5229\u589e\u957f\u7684\u9884\u671f\u6b63\u4ee5\u75ab\u60c5\u540e\u53cd\u5f39\u4ee5\u6765\u6700\u5feb\u7684\u901f\u5ea6\u4e0a\u5347\uff0c\u8fd9\u52a0\u5267\u4e86\u4eba\u4eec\u7684\u62c5\u5fe7\uff0c\u5373\u5728\u652f\u6491<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>\u80a1\u5e02\u4e0a\u6da8\u7684\u76c8\u5229\u9884\u6d4b\u4e2d\u53ef\u80fd\u6b63\u5728\u5f62\u6210\u4e00\u4e2a\u201c\u76c8\u5229\u6ce1\u6cab\u201d\u3002<\/p>\n<p>\u53d7\u7f8e\u56fd\u7ecf\u6d4e\u97e7\u6027\u548c<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e4%ba%ba%e5%b7%a5%e6%99%ba%e8%83%bd\" title=\"View all posts in \u4eba\u5de5\u667a\u80fd\" target=\"_blank\" class=\"tag_link\">\u4eba\u5de5\u667a\u80fd<\/a>\u70ed\u6f6e\u7684\u63a8\u52a8\uff0c\u5206\u6790\u5e08\u76ee\u524d\u9884\u6d4b\u6807\u666e500\u6307\u6570\u6210\u5206\u516c\u53f8\u672a\u6765\u4e00\u5e74\u7684\u76c8\u5229\u5c06\u589e\u957f25%\u3002<\/p>\n<p>\u7136\u800c\uff0c\u5c31\u5728\u7b2c\u4e8c\u5b63\u5ea6\u8d22\u62a5\u5b63\u5373\u5c06\u5230\u6765\u4e4b\u9645\uff0c\u4e00\u4e9b<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\u5bf9\u5206\u6790\u5e08\u4e0a\u8c03\u9884\u671f\u7684\u901f\u5ea6\u6108\u53d1\u611f\u5230\u62c5\u5fe7\u3002\u6709\u4eba\u62c5\u5fc3\uff0c\u4eba\u5de5\u667a\u80fd\u516c\u53f8\u6210\u672c\u4e0a\u5347\u3001\u5bf9\u8be5\u6280\u672f\u7684\u9700\u6c42\u4e0b\u964d\uff0c\u6216\u8005\u96be\u4ee5\u5c06\u652f\u51fa\u8f6c\u5316\u4e3a\u5229\u6da6\uff0c\u53ef\u80fd\u5bfc\u81f4\u76c8\u5229\u4e0d\u53ca\u9884\u671f\u3002<\/p>\n<p>GMO\u8d44\u4ea7\u914d\u7f6e\u8054\u5e2d\u4e3b\u7ba1\u672c\u00b7\u56e0\u514b\u5c14\uff08Ben 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class=\"tag_link\">\u82af\u7247<\/a>\u516c\u53f8\u548c\u6240\u8c13\u7684\u8d85\u5927\u89c4\u6a21\u6570\u636e\u4e2d\u5fc3\u8fd0\u8425\u5546\u7684\u76c8\u5229\u9884\u671f\uff0c\u53d7\u5230\u4e86\u8ba1\u7b97\u80fd\u529b\u9700\u6c42\u98d9\u5347\u7684\u63a8\u52a8\u3002<\/p>\n<p>\u51ef\u6295\u5b8f\u89c2\uff08Capital Economics\uff09\u7684\u5206\u6790\u5e08\u672c\u5468\u8b66\u544a\u79f0\uff0c\u201c\u4e0e\u4eba\u5de5\u667a\u80fd\u76f8\u5173\u7684\u80a1\u7968\u5e02\u573a\u53ef\u80fd\u6b63\u63a5\u8fd1\u4e00\u4e2a\u4e34\u754c\u70b9\uff0c\u5c4a\u65f6\u76c8\u5229\u9884\u671f\u548c\u8d44\u672c\u652f\u51fa\u5047\u8bbe\u5c06\u53d8\u5f97\u96be\u4ee5\u7ef4\u6301\u201d\uff0c\u800c\u8fd9\u4e9b\u65b9\u9762\u7684\u56de\u8c03\u53ef\u80fd\u201c\u5f15\u53d1\u80a1\u5e02\u5927\u9762\u79ef\u56de\u843d\u201d\u3002<\/p>\n<p><span><a href=\"https:\/\/stock.finance.sina.com.cn\/usstock\/quotes\/UBS.html\" target=\"_blank\" data-sudaclick=\"content_marketkeywords_p\" rel=\"noopener\">\u745e\u94f6<\/a><\/span><span><\/span>\uff08UBS\uff09\u6295\u8d44\u5206\u6790\u5e73\u53f0HOLT\u8d1f\u8d23\u4eba\u7c73\u6b47\u5c14\u00b7\u52d2\u7eb3\uff08Michel Lerner\uff09\u8868\u793a\uff0c\u201c\u4eba\u5de5\u667a\u80fd\u98df\u7269\u94fe\u4e2d\u7684\u80a1\u7968\u5b9a\u4ef7\u5df2\u8ba1\u5165\u4e86\u7ef4\u6301\u8d85\u9ad8\u5229\u6da6\u7684\u9884\u671f\u201d\uff0c\u5e76\u8b66\u544a\u5e02\u573a\u6b63\u5728\u5f62\u6210\u201c\u76c8\u5229\u6ce1\u6cab\u201d\u3002<\/p>\n<p>\u4ed6\u8bf4\uff0c\u5c3d\u7ba1\u5728\u77ed\u671f\u5185\u4f3c\u4e4e\u5f88\u53ef\u80fd\u7ee7\u7eed\u4ea4\u51fa\u8d85\u5e38\u5229\u6da6\uff0c\u4f46\u201c\u7ef4\u6301\u8fd9\u4e9b\u76c8\u5229\u6c34\u5e73\u548c\u589e\u957f\u6c34\u5e73\u7684\u53ef\u80fd\u6027\u6781\u4f4e\u201d\u3002<\/p>\n<p>\u5f3a\u52b2\u7684\u4f01\u4e1a\u76c8\u5229\u5728\u6700\u8fd1\u51e0\u5468\u63a8\u52a8\u7f8e\u56fd\u80a1\u5e02\u521b\u4e0b\u5386\u53f2\u65b0\u9ad8\uff0c<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e8%93%9d%e7%ad%b9%e8%82%a1\" title=\"View all posts in \u84dd\u7b79\u80a1\" target=\"_blank\" class=\"tag_link\">\u84dd\u7b79\u80a1<\/a>\u6807\u666e500\u6307\u6570\u5728\u8fc7\u53bb12\u4e2a\u6708\u4e0a\u6da8\u4e8620%\uff0c<span><a href=\"https:\/\/stock.finance.sina.com.cn\/usstock\/quotes\/.IXIC.html\" target=\"_blank\" data-sudaclick=\"content_marketkeywords_p\" rel=\"noopener\">\u7eb3\u65af\u8fbe\u514b<\/a><\/span><span><\/span>\u7efc\u5408\u6307\u6570\u4e0a\u6da8\u903e25%\uff0c\u5176\u4e2d\u622a\u81f36\u6708\u7684\u4e09\u4e2a\u6708\u521b\u4e0b\u516d\u5e74\u6765\u6700\u5f3a\u52b2\u7684\u5b63\u5ea6\u8868\u73b0\u3002<\/p>\n<p>\u745e\u58eb\u767e\u8fbe\u8d44\u4ea7\u7ba1\u7406\u516c\u53f8\uff08Pictet Asset Management\uff09\u9ad8\u7ea7\u591a\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>\u5e08\u963f\u4f26\u00b7\u8428\u4f0a\uff08Arun Sai\uff09\u8868\u793a\uff1a\u201c\u6211\u4eec\u6b63\u5904\u4e8e\u81ea\u5927\u5b97\u5546\u54c1\u8d85\u7ea7\u5468\u671f\u4ee5\u6765\u6700\u5f3a\u52b2\u7684\u76c8\u5229\u4e0a\u8c03\u5468\u671f\u4e4b\u4e2d\u3002\u201d\u4ed6\u6307\u7684\u662f\u672c\u4e16\u7eaa\u5934\u5341\u5e74\u4e2d\u671f\u7531\u4e2d\u56fd\u63a8\u52a8\u7684\u81ea\u7136<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e8%b5%84%e6%ba%90\" title=\"View all posts in \u8d44\u6e90\" target=\"_blank\" class=\"tag_link\">\u8d44\u6e90<\/a>\u70ed\u6f6e\u3002<\/p>\n<p>\u5206\u6790\u5e08\u9884\u671f\u7684\u5feb\u901f\u4e0a\u8c03\uff0c\u6709\u52a9\u4e8e\u63a7\u5236\u80a1\u5e02\u4f30\u503c\u2014\u2014\u5373\u5f53\u524d\u80a1\u4ef7\u76f8\u5bf9\u4e8e\u672a\u6765\u5229\u6da6\u7684\u500d\u6570\u2014\u2014\u5373\u4f7f\u80a1\u6307\u5c61<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%88%9b%e6%96%b0\" title=\"View all posts in \u521b\u65b0\" target=\"_blank\" class=\"tag_link\">\u521b\u65b0<\/a>\u9ad8\u3002\u8fd9\u53cd\u8fc7\u6765\u53c8\u7f13\u89e3\u4e86\u4e00\u4e9b\u6295\u8d44\u8005\u5bf9\u6ce1\u6cab\u53ef\u80fd\u6b63\u5728\u5f62\u6210\u7684\u62c5\u5fe7\u3002<\/p>\n<p>\u7f8e\u56fd\u80a1\u5e02\u76ee\u524d\u7684\u9884\u671f\u5e02\u76c8\u7387\u7ea6\u4e3a20\u500d\uff0c\u8fd9\u4e00\u8861\u91cf\u80a1\u7968\u6602\u8d35\u7a0b\u5ea6\u7684\u5e38\u7528\u6307\u6807\u5728\u4e00\u5b9a\u7a0b\u5ea6\u4e0a\u4f4e\u4e8e\u53bb\u5e74\u62162020\u5e74\u65b0\u51a0\u629b\u552e\u540e\u53cd\u5f39\u671f\u95f4\u6240\u8fbe\u5230\u7684\u6c34\u5e73\uff0c\u8fdc\u4f4e\u4e8e\u4e92\u8054\u7f51\u70ed\u6f6e\u65f6\u671f\u6240\u8fbe\u5230\u7684\u9ad8\u70b9\u3002<\/p>\n<p>\u7136\u800c\uff0c\u8003\u65af\u5a01\u8d44\u672c\u7ba1\u7406\u516c\u53f8\uff08Causeway Capital Management\uff09\u9996\u5e2d\u6267\u884c\u5b98\u838e\u62c9\u00b7\u51ef\u7279\u52d2\uff08Sarah Ketterer\uff09\u8868\u793a\uff0c\u5982\u679c\u4f4e\u500d\u6570\u610f\u5473\u7740\u4e00\u53ea\u80a1\u7968\u63a5\u8fd1\u5176\u201c\u76c8\u5229\u5cf0\u503c\u201d\uff0c\u90a3\u4e48\u8fd9\u53ef\u80fd\u610f\u5473\u7740\u201c\u73b0\u5728\u4e0d\u662f\u6295\u8d44\u7684\u597d\u65f6\u673a\u201d\u3002<\/p>\n<p>\u5bf9\u5206\u6790\u5e08\u4e0a\u8c03\u9884\u6d4b\u901f\u5ea6\u7684\u62c5\u5fe7\uff0c\u53e0\u52a0\u4e86\u91d1\u878d\u5e02\u573a\u5176\u4ed6\u6f5c\u5728\u8b66\u793a\u4fe1\u53f7\uff0c\u5305\u62ec\u4f01\u4e1a\u4e89\u76f8\u53d1\u884c\u80a1\u7968\u548c<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>\uff0c\u4f8b\u5982SpaceX\u521b\u7eaa\u5f55\u7684\u9996\u6b21\u516c\u5f00\u53d1\u884c\u548c\u5de8\u989d\u503a\u5238\u4ea4\u6613\u3002<\/p>\n<p>\u6295\u8d44\u8005\u8868\u793a\uff0c\u76c8\u5229\u9762\u4e34\u7684\u53e6\u4e00\u4e2a\u6311\u6218\u53ef\u80fd\u662f\u5e02\u573a\u5bf9\u501f\u8d37\u6210\u672c\u5b9a\u4ef7\u7684\u8f6c\u53d8\uff0c\u4ea4\u6613\u5458\u76ee\u524d\u9884\u8ba1\u7f8e\u56fd\u5229\u7387\u5230\u4eca\u5e74\u5e74\u5e95\u81f3\u5c11\u5c06\u4e0a\u8c0325\u4e2a\u57fa\u70b9\uff0c\u800c\u4eca\u5e74\u5e74\u521d\u4ed6\u4eec\u62bc\u6ce8\u7684\u662f<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e9%99%8d%e6%81%af\" title=\"View all posts in \u964d\u606f\" target=\"_blank\" class=\"tag_link\">\u964d\u606f<\/a>\u4e24\u5230\u4e09\u6b21\u3002<\/p>\n<p>\u5317\u6b27\u8054\u5408\u8d44\u4ea7\u7ba1\u7406\u516c\u53f8\uff08Nordea Asset Management\uff09\u56fa\u5b9a\u6536\u76ca\u548c\u80a1\u7968\u9996\u5e2d\u6295\u8d44\u5b98\u5361\u65af\u73c0\u00b7\u57c3\u5c14\u59c6\u683c\u6797\uff08Kasper Elmgreen\uff09\u8868\u793a\uff0c\u76ee\u524d\u76c8\u5229\u7684\u201c\u5b89\u5168\u8fb9\u9645\u975e\u5e38\u7a84\u201d\u3002<\/p>\n<p>\u201c\u4e89\u8bba\u7684\u7126\u70b9\u5b9e\u9645\u4e0a\u662f\uff0c\u6211\u4eec\u8fd8\u80fd\u7ee7\u7eed\u770b\u5230\u591a\u5c11\u6b63\u9762\u60ca\u559c\uff0c\u4ee5\u53ca\u9274\u4e8e\u9884\u671f\u5df2\u7ecf\u5982\u6b64\u4e4b\u9ad8\uff0c\u73b0\u5728\u662f\u5426\u5df2\u7ecf\u51fa\u73b0\u4e86\u4e00\u4e9b\u88c2\u75d5\uff1f\u201d<\/p>\n<div><\/div>\n<p>  <script type=\"text\/javascript\" src=\"\/\/finance.sina.com.cn\/tgdata\/zw_account_stock.js\" charset=\"utf-8\"><\/script>                                                                                                     <\/p>\n<p>\u8d23\u4efb\u7f16\u8f91\uff1a\u674e\u5b89\u6850 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[&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":[148,40,252,142,241,88,367,339,317,238,385],"views":12,"_links":{"self":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/809780"}],"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=809780"}],"version-history":[{"count":0,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/809780\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=809780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=809780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=809780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}