{"id":824676,"date":"2026-08-07T17:11:47","date_gmt":"2026-08-07T09:11:47","guid":{"rendered":"https:\/\/www.alphaseek.cn\/?p=824676"},"modified":"2026-08-07T17:11:47","modified_gmt":"2026-08-07T09:11:47","slug":"%e8%a2%ab%e6%ad%a6%e5%99%a8%e5%8c%96%e7%9a%84%e6%97%a5%e5%85%83%ef%bc%9a%e7%be%8e%e6%97%a5%e8%81%94%e5%90%88%e5%b9%b2%e9%a2%84%e6%88%96%e5%b0%86%e9%87%8d%e5%a1%91%e5%85%a8%e7%90%83","status":"publish","type":"post","link":"https:\/\/www.alphaseek.cn\/?p=824676","title":{"rendered":"\u88ab\u201c\u6b66\u5668\u5316\u201d\u7684\u65e5\u5143\uff1a\u7f8e\u65e5\u8054\u5408\u5e72\u9884\u6216\u5c06\u91cd\u5851\u5168\u7403\u5916\u6c47\u5e02\u573a\u683c\u5c40"},"content":{"rendered":"<p><strong>\u6838\u5fc3\u8981\u70b9<\/strong><\/p>\n<p>\u7f8e\u65e5\u53f2\u65e0\u524d\u4f8b\u8054\u624b\u5165\u5e02\u6258\u4e3e<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e6%97%a5%e5%85%83\" title=\"View all posts in \u65e5\u5143\" target=\"_blank\" class=\"tag_link\">\u65e5\u5143<\/a>\uff0c\u6216\u5c06\u5f7b\u5e95\u6539\u53d8\u5e02\u573a\u4ea4\u6613\u884c\u4e3a\u3002<\/p>\n<p>\u201c\u4e24\u5927\u4e3b\u6743\u7ecf\u6d4e\u4f53\u540c\u6b65\u52a8\u7528\u65e5\u76ca\u7a00\u7f3a\u7684\u56fd\u5bb6\u8d44\u4ea7\u7784\u51c6\u540c\u4e00\u76ee\u6807\u5e72\u9884\uff0c\u5e02\u573a\u4e0d\u5f97\u4e0d\u6b63\u89c6\u8fd9\u4efd\u529b\u91cf\u3002\u201d \u6469\u4e43\u79d1\u65af\u96c6\u56e2 Jesper Koll\uff08\u5b54\u6770\u8363\uff09\u8868\u793a\u3002<\/p>\n<div><img src=\"https:\/\/finance.sina.com.cn\/\/n.sinaimg.cn\/finance\/transform\/59\/w550h309\/20260807\/bd11-e444b697846e5cf44cc17668f8f4cbd1.png\" alt=\"\u88ab\u201c\u6b66\u5668\u5316\u201d\u7684\u65e5\u5143\uff1a\u7f8e\u65e5\u8054\u5408\u5e72\u9884\u6216\u5c06\u91cd\u5851\u5168\u7403\u5916\u6c47\u5e02\u573a\u683c\u5c40\" style=\" display:block; margin-left:auto; margin-right:auto; \"><span><\/span><\/div>\n<p>\u7f8e\u65e5\u6b64\u6b21\u8054\u624b\u6258\u4e3e\u65e5\u5143\u7684\u5e72\u9884\u884c\u52a8\u524d\u6240\u672a\u6709\uff0c\u6216\u5c06\u91cd\u5851\u5e02\u573a\u4ea4\u6613\u903b\u8f91\u3002 <a href=\"https:\/\/www.alphaseek.cn\/?tag=%e6%97%a5%e6%9c%ac\" title=\"View all posts in \u65e5\u672c\" target=\"_blank\" class=\"tag_link\">\u65e5\u672c<\/a>\u4ee5\u5f80\u4e5f\u66fe\u5355\u72ec\u5e72\u9884\u6c47\u5e02\uff0c\u4f46\u672c\u6b21\u89c4\u6a21\u8fdc\u8d85\u5f80\u5e38\u3002\u636e\u62a5\u9053\uff0c\u7f8e\u65b9\u5e76\u672a\u76f4\u63a5\u64cd\u4f5c\u7f8e\u5143\u5151\u65e5\u5143\uff0c\u800c\u662f\u501f\u52a9\u6b27\u5143\u5151\u65e5\u5143\u4ea4\u53c9\u76d8\u5b9e\u65bd\u5e72\u9884\uff0c\u540c\u65f6\u642d\u914d\u660e\u786e\u7684\u653f\u6cbb\u80cc\u4e66\u3002 \u4e0d\u5c11<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\u5c06\u6b64\u6b21\u884c\u52a8\u89c6\u4e3a\u6807\u5fd7\u6027\u91cd\u5927\u4e3e\u63aa\u3002<\/p>\n<p>\u6469\u4e43\u79d1\u65af\u96c6\u56e2\u4e13\u5bb6\u8463\u4e8b\u5b54\u6770\u8363\u8c08\u53ca\u5bf9\u5e02\u573a\u5f62\u6210\u5a01\u6151\u6548\u5e94\u65f6\u79f0\uff1a<strong>\u201c\u65e5\u672c\u8d22\u52a1\u7701\u4e0e<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><a href=\"https:\/\/www.alphaseek.cn\/?tag=%e8%b4%a2%e6%94%bf%e9%83%a8\" title=\"View all posts in \u8d22\u653f\u90e8\" target=\"_blank\" class=\"tag_link\">\u8d22\u653f\u90e8<\/a>\u5df2\u7ecf\u6210\u529f\u5c06\u65e5\u5143\u6b66\u5668\u5316\u3002\u201d<\/strong> \u4ed6\u8868\u793a\uff0c\u8fd9\u6b21\u5e72\u9884\u8d85\u8d8a\u4e86\u5e38\u89c4<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%a4%96%e6%b1%87\" title=\"View all posts in \u5916\u6c47\" target=\"_blank\" class=\"tag_link\">\u5916\u6c47<\/a>\u8c03\u63a7\u8303\u7574\uff0c\u4e24\u56fd\u534f\u540c\u52a8\u7528\u653f\u5e9c\u8d44\u4ea7\u8d1f\u503a\u8868\uff0c\u4ee5\u6b64\u5f15\u5bfc\u5e02\u573a\u9884\u671f\u3002<\/p>\n<p>\u4ed6\u8865\u5145\u9053\uff1a\u201c\u4e24\u5927\u4e3b\u6743\u7ecf\u6d4e\u4f53\u540c\u6b65\u52a8\u7528\u65e5\u76ca\u7a00\u7f3a\u7684\u56fd\u5bb6\u8d44\u4ea7\u7784\u51c6\u540c\u4e00\u76ee\u6807\u5e72\u9884\uff0c\u5e02\u573a\u4e0d\u5f97\u4e0d\u6b63\u89c6\u8fd9\u4efd\u529b\u91cf\u3002\u201d<\/p>\n<p>\u672c\u6b21\u534f\u540c\u5e72\u9884\uff0c\u662f\u81ea 1998 \u5e74\u4ee5\u6765\u7f8e\u65e5\u9996\u6b21\u8054\u624b\u4e70\u5165\u65e5\u5143\uff1b\u540c\u65f6\u4e5f\u662f\u7ee7 2011 \u5e74\u65e5\u672c\u5927\u5730\u9707\u540e\u4e03\u56fd\u96c6\u56e2\u534f\u540c\u6253\u538b\u65e5\u5143\u4e4b\u540e\uff0c\u4e24\u56fd\u518d\u5ea6\u5f00\u5c55\u8054\u5408\u6c47\u5e02\u64cd\u4f5c\u3002<\/p>\n<p><strong>\u653f\u6cbb\u5de5\u5177<\/strong><\/p>\n<p>\u5b54\u6770\u8363\u8fd8\u6307\u51fa\uff0c\u6b64\u6b21\u91ca\u653e\u7684\u653f\u6cbb\u4fe1\u53f7\u540c\u6837\u524d\u6240\u672a\u6709\u3002\u534e\u76db\u987f\u4e0e\u4e1c\u4eac\u7ed3\u5408\u653f\u6cbb\u652f\u6301\u4e0e\u91d1\u878d\u5f39\u836f\uff0c\u53cc\u65b9\u4ee5\u4e24\u5927\u4e3b\u6743\u8d44\u4ea7\u8d1f\u503a\u8868\u7ad9\u5728\u6295\u673a\u8d44\u91d1\u7684\u5bf9\u7acb\u9762\uff0c\u62ac\u9ad8<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%81%9a%e7%a9%ba\" title=\"View all posts in \u505a\u7a7a\" target=\"_blank\" class=\"tag_link\">\u505a\u7a7a<\/a>\u65e5\u5143\u7684\u6210\u672c\u3002<\/p>\n<p>\u5eb7\u5948\u5c14\u5927\u5b66\u6559\u6388\u57c3\u65af\u74e6\u5c14\u30fb\u666e\u62c9\u8428\u5fb7\u8ba4\u4e3a\uff0c\u8fd9\u66f4\u591a\u5c5e\u4e8e\u9632\u5fa1\u6027\u4e3e\u63aa\uff0c\u4f46\u4e5f\u6807\u5fd7\u7740\u5916\u6c47\u653f\u7b56\u4e0e\u5730\u7f18\u653f\u6cbb\u7684\u7ed1\u5b9a\u7a0b\u5ea6\u6301\u7eed\u52a0\u6df1\u3002 \u201c\u5916\u6c47\u5e02\u573a\u5e72\u9884\u5df2\u7ecf\u660e\u663e\u5e26\u4e0a\u5730\u7f18\u653f\u6cbb\u8272\u5f69\u3002\u201d \u666e\u62c9\u8428\u5fb7\u5206\u6790\u3002<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e7%89%b9%e6%9c%97%e6%99%ae\" title=\"View all posts in \u7279\u6717\u666e\" target=\"_blank\" class=\"tag_link\">\u7279\u6717\u666e<\/a>\u653f\u5e9c\u4f3c\u4e4e\u66f4\u613f\u610f\u4e3a\u90a3\u4e9b\u88ab\u89c6\u4f5c\u5951\u5408\u7f8e\u56fd\u6218\u7565\u8bc9\u6c42\u7684\u76df\u56fd<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>\u63d0\u4f9b\u652f\u6301\u3002<\/p>\n<p>\u90e8\u5206\u5206\u6790\u5e08\u5c06\u672c\u6b21\u884c\u52a8\u7c7b\u6bd4\u7f8e\u65b9\u6b64\u524d\u5bf9\u963f\u6839\u5ef7\u6bd4\u7d22\u7684\u6276\u6301\uff1a\u963f\u6839\u5ef7\u65f6\u4efb\u603b\u7edf\u7c73\u83b1\u6267\u653f\u671f\u95f4\uff0c\u8be5\u56fd\u5728\u5173\u952e\u4e2d\u671f\u9009\u4e3e\u524d\u6df1\u9677<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>\u52a8\u8361\u30022025 \u5e74 9 \u81f3 10 \u6708\uff0c\u7279\u6717\u666e\u653f\u5e9c\u51fa\u624b\u63a8\u51fa\u6551\u52a9\u65b9\u6848\uff0c\u52a8\u7528\u8d22\u653f\u90e8<strong>\u5916\u6c47\u7a33\u5b9a\u57fa\u91d1\uff08ESF\uff09<\/strong>\uff0c\u5411\u963f\u6839\u5ef7\u592e\u884c\u63d0\u4f9b 200 \u4ebf\u7f8e\u5143<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>\u4e92\u6362\u989d\u5ea6\uff0c\u540c\u65f6\u76f4\u63a5\u5728\u516c\u5f00\u5e02\u573a\u4e70\u5165\u6bd4\u7d22\u3002<\/p>\n<p>\u6218\u672f\u8d44\u4ea7\u7ba1\u7406\u9996\u5e2d\u6295\u8d44<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\u8fc8\u514b\u5c14\u30fb\u76d6\u5fb7\u8868\u793a\uff1a\u201c\u8d1d\u68ee\u7279\u662f\u8d2f\u7a7f\u5176\u4e2d\u7684\u5173\u952e\u4eba\u7269\u3002\u540c\u4e00\u5c4a\u8d22\u653f\u90e8\u3001\u540c\u4e00\u5957\u5916\u6c47\u7a33\u5b9a\u57fa\u91d1\u3001\u540c\u4e00\u5957\u7b56\u7565 \u2014\u2014 \u628a\u5916\u6c47\u64cd\u4f5c\u5f53\u4f5c\u6cbb\u56fd\u5de5\u5177\u3002\u6276\u6301\u963f\u6839\u5ef7\uff0c\u672c\u8d28\u662f\u63f4\u52a9\u76df\u53cb\u3002\u201d<\/p>\n<p>\u91cf\u5b50\u7b56\u7565\u5206\u6790\u5e08\u6234\u7ef4\u30fb\u7f57\u5947\u540c\u6837\u63d0\u51fa\uff0c\u7f8e\u56fd\u7684\u52a8\u673a\u6050\u6015\u4e0d\u6b62\u7ef4\u62a4\u91d1\u878d\u7a33\u5b9a\u3001\u4fdd\u62a4\u7f8e\u503a\u5e02\u573a\uff0c\u653f\u6cbb\u8003\u91cf\u540c\u6837\u5360\u6709\u4e00\u5e2d\u4e4b\u5730\u3002 \u201c\u7279\u6717\u666e\u6216\u8bb8\u5355\u7eaf\u60f3\u5e2e\u76df\u53cb\u9ad8\u5e02\u65e9\u82d7\u8fbe\u6210\u5fc3\u613f\u3002\u201d<\/p>\n<p>\u7f8e\u56fd\u8d22\u653f\u90e8\u6682\u672a\u56de\u5e94\u7f6e\u8bc4\u8bf7\u6c42\u3002<\/p>\n<p>\u7b56\u7565\u5e08\u8ba4\u4e3a\uff0c\u6b64\u6b21\u5e72\u9884\u5df2\u7ecf\u6539\u53d8\u6295\u8d44\u8005\u770b\u5f85\u65e5\u5143\u7684\u601d\u8def\u3002 \u73af\u7403 X ETF \u6295\u8d44\u7b56\u7565\u5e08\u6881\u6bd4\u5229\u8868\u793a\uff1a<strong>\u201c\u5957\u606f\u4ea4\u6613\u7684\u6838\u5fc3\u535a\u5f08\u903b\u8f91\u88ab\u6539\u5199\u3002\u201d<\/strong> \u5982\u679c\u6295\u8d44\u8005\u610f\u8bc6\u5230\u534f\u540c\u5e72\u9884<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e9%a3%8e%e9%99%a9\" title=\"View all posts in \u98ce\u9669\" target=\"_blank\" class=\"tag_link\">\u98ce\u9669<\/a>\u771f\u5b9e\u5b58\u5728\uff0c\u5927\u89c4\u6a21\u62bc\u6ce8<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e6%97%a5%e5%85%83%e8%b4%ac%e5%80%bc\" title=\"View all posts in \u65e5\u5143\u8d2c\u503c\" target=\"_blank\" class=\"tag_link\">\u65e5\u5143\u8d2c\u503c<\/a>\u7684\u5934\u5bf8\u5c06\u4f1a\u8d8b\u4e8e\u8c28\u614e\uff0c\u8d44\u91d1\u4f1a\u8f6c\u5411\u5176\u4ed6\u5907\u9009<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e8%9e%8d%e8%b5%84\" title=\"View all posts in \u878d\u8d44\" target=\"_blank\" class=\"tag_link\">\u878d\u8d44<\/a>\u8d27\u5e01\u3002<\/p>\n<p>\u957f\u671f\u4ee5\u6765\uff0c\u65e5\u5143\u662f\u5168\u7403\u9996\u9009\u7684<strong>\u5957\u606f\u4ea4\u6613\u878d\u8d44\u8d27\u5e01<\/strong>\uff1a\u6295\u8d44\u8005\u501f\u5165\u4f4e\u6210\u672c\u65e5\u5143\uff0c\u6295\u5411\u5168\u7403\u5176\u4ed6\u9ad8\u6536\u76ca\u8d44\u4ea7\u3002<\/p>\n<p>\u6881\u6bd4\u5229\u8fdb\u4e00\u6b65\u8868\u793a\u6df1\u8fdc\u5f71\u54cd\uff1a\u8fc7\u53bb\u5341\u5e74\u9010\u6e10\u6de1\u51fa\u89c6\u91ce\u7684<strong>\u6c47\u7387\u653f\u7b56\u98ce\u9669<\/strong>\uff0c\u91cd\u65b0\u56de\u5f52\u5e02\u573a\u6838\u5fc3\u53d8\u91cf\u3002\u82e5\u8d44\u91d1\u5927\u89c4\u6a21\u8f6c\u5411\u6b27\u5143\u7b49\u5176\u4ed6\u878d\u8d44\u8d27\u5e01\uff0c\u5168\u7403\u4e3b\u8981\u5916\u6c47\u5e02\u573a\u7684\u6301\u4ed3\u7ed3\u6784\u6216\u5c06\u8fce\u6765\u91cd\u5851\u3002<\/p>\n<p>\u9053\u5bcc\u6295\u8d44\u8d44\u6df1\u56fa\u6536\u7b56\u7565\u5e08\u9c81\u96c5\u5f66\u8ba4\u540c\uff0c\u4ea4\u6613\u5458\u4eca\u540e\u5fc5\u987b\u66f4\u591a\u7eb3\u5165\u5730\u7f18\u653f\u6cbb\u53d8\u91cf\u8fdb\u884c\u5b9a\u4ef7\u3002 \u201c\u6700\u5927\u8f6c\u53d8\u5728\u4e8e\uff1a\u4ea4\u6613\u5458\u65b0\u589e\u4e86\u4e00\u9879\u5b9a\u4ef7\u56e0\u5b50 \u2014\u2014 \u653f\u7b56\u53cd\u5e94\u51fd\u6570\uff0c\u4e0d\u518d\u53ea\u770b\u5b8f\u89c2<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%9f%ba%e6%9c%ac%e9%9d%a2\" title=\"View all posts in \u57fa\u672c\u9762\" target=\"_blank\" class=\"tag_link\">\u57fa\u672c\u9762<\/a>\u3002\u201d<\/p>\n<p>\u8d23\u4efb\u7f16\u8f91\uff1a\u90ed\u660e\u715c <\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u6838\u5fc3\u8981\u70b9 \u7f8e\u65e5\u53f2\u65e0\u524d\u4f8b\u8054\u624b\u5165\u5e02\u6258\u4e3e\u65e5\u5143\uff0c\u6216\u5c06\u5f7b\u5e95\u6539\u53d8\u5e02\u573a\u4ea4\u6613\u884c\u4e3a\u3002 \u201c\u4e24\u5927\u4e3b\u6743\u7ecf\u6d4e\u4f53\u540c\u6b65\u52a8\u7528\u65e5\u76ca\u7a00\u7f3a\u7684\u56fd\u5bb6\u8d44\u4ea7 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[368,265,35,43,241,350,372,179,50,79,88,367,144,184,34,352,192],"views":5,"_links":{"self":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/824676"}],"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=824676"}],"version-history":[{"count":0,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/824676\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=824676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=824676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=824676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}