{"id":814,"date":"2025-01-22T05:17:44","date_gmt":"2025-01-21T21:17:44","guid":{"rendered":"https:\/\/www.yixiangtian.com\/?p=814"},"modified":"2025-01-22T05:17:44","modified_gmt":"2025-01-21T21:17:44","slug":"2025%e5%b9%b4%e5%b0%86%e6%98%af%e6%b3%a2%e5%8a%a8%e6%80%a7%e4%b9%8b%e5%b9%b4%ef%bc%9f%e6%9d%a5%e7%9c%8b%e7%9c%8b%e6%9c%ba%e6%9e%84%e4%bb%ac%e7%9a%84%e9%aa%9a%e6%93%8d%e4%bd%9c","status":"publish","type":"post","link":"https:\/\/www.yunsiwang.com\/?p=814","title":{"rendered":"2025\u5e74\u5c06\u662f\u6ce2\u52a8\u6027\u4e4b\u5e74\uff1f\u6765\u770b\u770b\u673a\u6784\u4eec\u7684\u201c\u9a9a\u64cd\u4f5c\u201d"},"content":{"rendered":"<div>\n<div>\n<div>\n<div>\n<div class=\"jin10vip-image-viewer setWebViewConentHeight upload-statics-links\">\n<div>\n<p><strong>\u9884\u8ba12025\u5e74\u5e02\u573a\u5c06\u7ee7\u7eed\u5e73\u9759\u7684\u6295\u8d44\u8005\u5e94\u8be5\u4fdd\u6301\u8b66\u60d5\uff0c\u56e0\u4e3a\u7279\u6717\u666e\u7684\u7a0e\u6536\u548c\u5173\u7a0e\u653f\u7b56\u7684\u4e0d\u786e\u5b9a\u6027\u53ef\u80fd\u4f1a\u5f15\u53d1\u7c7b\u4f3c\u4eca\u5e748\u6708\u4efd\u90a3\u6837\u7684\u5e02\u573a\u9707\u8361\u3002<\/strong><\/p>\n<p>\u7f8e\u56fd\u94f6\u884c\u3001\u6469\u6839\u5927\u901a\u548cBBVA\u7684\u7b56\u7565\u5e08\u9884\u8ba1\uff0c<strong>\u6301\u7eed\u7684\u671f\u6743\u5356\u51fa\u5c06\u603b\u4f53\u4e0a\u6291\u5236\u6ce2\u52a8\u6027<\/strong>\uff0c\u6469\u6839\u5927\u901a\u9884\u8ba1\u829d\u52a0\u54e5\u671f\u6743\u4ea4\u6613\u6240\u6ce2\u52a8\u6307\u6570\uff08VIX\uff09\u5e73\u5747\u503c\u7ea6\u4e3a16\uff0c\u800c2024\u5e74\u5e73\u5747\u503c\u4e3a\u7ea615.5\u3002\u4f46BBVA\u6307\u51fa\uff0c\u4e00\u7cfb\u5217\u56e0\u7d20\u2014\u2014\u5305\u62ec\u7f8e\u56fd\u5173\u7a0e\u653f\u7b56\u7684\u4e0d\u786e\u5b9a\u6027\u4e0a\u5347\u3001\u5730\u7f18\u653f\u6cbb\u7d27\u5f20\u5c40\u52bf\u3001\u8fc7\u5ea6\u96c6\u4e2d\u548c\u4f30\u503c\u3001\u878d\u8d44\u5e02\u573a\u538b\u529b\u8ff9\u8c61\u4ee5\u53ca\u5c31\u4e1a\u5e02\u573a\u75b2\u8f6f\u2014\u2014\u90fd\u53ef\u80fd\u5f15\u53d1\u66f4\u5927\u7684\u6ce2\u52a8\u3002<\/p>\n<p>BVA\u7b56\u7565\u5e08Michalis Onisiforou\u5728\u4e00\u4efd\u7ed9\u5ba2\u6237\u7684\u62a5\u544a\u4e2d\u5199\u9053\uff0c\u201c\u6301\u7eed\u7684\u589e\u957f\u4ee5\u53ca\u6ce2\u52a8\u6027\u5356\u51fa\u7b56\u7565\u65e5\u76ca\u666e\u53ca\uff0c\u5e94\u8be5\u4f1a\u652f\u6301\u6b27\u7f8e\u5730\u533a\u7ed3\u6784\u6027\u7684\u4f4e\u6ce2\u52a8\u73af\u5883\u3002\u7136\u800c\uff0c<strong>\u4e00\u4e9b\u56e0\u7d20\u8868\u660e\uff0c\u66f4\u5e7f\u6cdb\u7684\u6ce2\u52a8\u6027\u6c34\u5e73\u5c06\u5347\u9ad8\uff0c\u5e76\u4e14\u6ce2\u52a8\u6027\u66f4\u9891\u7e41\u5730\u7206\u53d1<\/strong>\u3002\u201d<\/p>\n<p>\u7f8e\u56fd\u94f6\u884c\u8ba4\u4e3a\uff0c<strong>\u5e02\u573a\u7684\u7279\u70b9\u662f\u8fdb\u5165\u4e00\u6bb5\u957f\u65f6\u95f4\u7684\u5e73\u9759\u671f\uff0c\u7136\u540e\u53d1\u751f\u201c\u80a5\u5c3e\u201d\u4e8b\u4ef6\uff08\u5373\u7a81\u7136\u7684\u5267\u70c8\u6ce2\u52a8\uff09\u4e3a\u7279\u5f81<\/strong>\u3002\u8be5\u673a\u6784\u9884\u8ba1\uff0c<strong>\u4e0e\u8fc7\u53bb80\u5e74\u76f8\u6bd4\uff0c\u6807\u666e500\u6307\u6570\u53d1\u751f\u8106\u5f31\u6027\u51b2\u51fb\u7684\u9891\u7387\u5c06\u589e\u52a0\u4e94\u500d\uff0c\u5e76\u8868\u793a\uff0c\u53e6\u4e00\u6b21\u8986\u76d6\u6574\u4e2a\u6307\u6570\u7684\u91cd\u5927\u51b2\u51fb\u4e8b\u4ef6\u53ef\u80fd\u65e9\u8be5\u53d1\u751f\u3002<\/strong><\/p>\n<p>     <img decoding=\"async\" src=\"https:\/\/img.bitgetimg.com\/multiLang\/image\/social\/b87be810c1bd51e889d299991e71e7aa1734390011650.jpg\" alt=\"2025\u5e74\u5c06\u662f\u6ce2\u52a8\u6027\u4e4b\u5e74\uff1f\u6765\u770b\u770b\u673a\u6784\u4eec\u7684\u201c\u9a9a\u64cd\u4f5c\u201d image 0\"> <\/p>\n<p><strong>\u96f6\u65e5\u671f\u6743\u3001\u94f6\u884c\u515c\u552e\u7684\u91cf\u5316\u6295\u8d44\u7b56\u7565\u4ee5\u53ca\u5356\u51fa\u671f\u6743\u4ee5\u63d0\u9ad8\u56de\u62a5\u7387\u7684ETF\uff0c\u5c06\u589e\u52a0\u5e02\u573a\u4f9b\u5e94\uff0c\u4f7f\u4ea4\u6613\u5546\u6301\u6709\u8f83\u591a\u4f3d\u9a6c\u5934\u5bf8\uff0c\u8fd9\u5f80\u5f80\u4f1a\u6291\u5236\u5e02\u573a\u6ce2\u52a8\uff0c\u56e0\u4e3a\u4ea4\u6613\u5546\u9700\u8981\u5728\u5e02\u573a\u4e0b\u8dcc\u65f6\u4e70\u5165\u66f4\u591a\u671f\u8d27\u6216\u80a1\u7968\uff0c\u5e76\u5728\u5e02\u573a\u4e0a\u6da8\u65f6\u5356\u51fa\uff0c\u4ee5\u4fdd\u6301\u5934\u5bf8\u5e73\u8861\u3002<\/strong><\/p>\n<p>\u6469\u6839\u5927\u901a\u8fd8\u6307\u51fa\uff0c\u5c3d\u7ba1\u6280\u672f\u56e0\u7d20\u6b63\u5728\u6291\u5236\u6ce2\u52a8\uff0c\u4f46\u5b8f\u89c2\u6307\u6807\u8868\u660e<strong>\u6ce2\u52a8\u6027\u5e94\u8be5\u66f4\u9ad8\uff0c<\/strong>\u6570\u636e\u663e\u793aVIX\u7684\u5408\u7406\u5e73\u5747\u6c34\u5e73\u7ea6\u4e3a19\u3002\u867d\u7136\u7f8e\u56fd\u548c\u6b27\u6d32\u7684\u6295\u8d44\u8005\u5c06\u7ee7\u7eed\u5356\u51fa\u6ce2\u52a8\u6027\uff0c\u4f46\u5728\u4e9a\u6d32\uff0c\u5e02\u573a\u4ea4\u6613\u5458\u4eec\u53ef\u80fd\u5bf9\u6ce2\u52a8\u6027\u7684\u9700\u6c42\u5c06\u4f1a\u66f4\u9ad8\u3002<\/p>\n<p>Dominice &amp; Co.\u8d44\u4ea7\u7ba1\u7406\u516c\u53f8\u5408\u4f19\u4eba\u517c\u6295\u8d44\u4e3b\u7ba1Pierre de Saab\u8868\u793a\uff0c\u201c<strong>\u5f53\u524d\u7684\u4f4e\u6ce2\u52a8\u6027\u72b6\u6001\u53ef\u80fd\u53ea\u662f\u6682\u65f6\u7684<\/strong>\uff1a\u6295\u8d44\u8005\u5df2\u7ecf\u6d88\u5316\u4e86\u5373\u5c06\u5b9e\u65bd\u7684\u7279\u6717\u666e\u653f\u7b56\u5e26\u6765\u7684\u6240\u6709\u597d\u6d88\u606f\uff0c\u4f46\u4ed6\u4eec\u5bf9\u8fd9\u4e9b\u653f\u7b56\u53ef\u80fd\u4ea7\u751f\u7684\u8d1f\u9762\u5f71\u54cd\u5374\u7f6e\u4e4b\u4e0d\u7406\u3002\u6211\u9884\u8ba12025\u5e74\u5e02\u573a\u7684\u4e0a\u6da8\u7a7a\u95f4\u5c06\u4f1a\u51cf\u5f31\uff0c<strong>\u5e76\u4e14\u7531\u4e8e\u7279\u6717\u666e\u7684\u975e\u5e38\u89c4\u653f\u7b56\uff0c\u5e02\u573a\u9762\u4e34\u4e25\u91cd\u4e2d\u65ad\u7684\u98ce\u9669\u5c06\u5927\u4e8e2024\u5e74\u62162017\u5e74<\/strong>\u3002\u201d<\/p>\n<p>     <img decoding=\"async\" src=\"https:\/\/img.bitgetimg.com\/multiLang\/image\/social\/91ae6e71deb14586e4b8c962893acd171734390011796.png\" alt=\"2025\u5e74\u5c06\u662f\u6ce2\u52a8\u6027\u4e4b\u5e74\uff1f\u6765\u770b\u770b\u673a\u6784\u4eec\u7684\u201c\u9a9a\u64cd\u4f5c\u201d image 1\"> <\/p>\n<p>\u745e\u94f6\u96c6\u56e2\u7b56\u7565\u5e08\u6307\u51fa\uff0c<strong>\u5173\u7a0e\u548c\u51cf\u7a0e\u4e4b\u95f4\u7684\u653f\u7b56\u62b5\u6d88\u53ef\u80fd\u4f1a\u5bfc\u81f4\u66f4\u5927\u7684\u6ce2\u52a8<\/strong>\u3002\u8be5\u94f6\u884c\u7f8e\u56fd\u80a1\u7968\u884d\u751f\u54c1\u7814\u7a76\u4e3b\u7ba1Max Grinacoff\u8868\u793a\uff0c\u201c\u660e\u5e74\u4e0a\u534a\u5e74\uff0c\u6211\u4eec\u53ef\u80fd\u76f4\u63a5\u8fdb\u5165\u76f8\u5bf9\u8f83\u9ad8\u7684\u80a1\u7968\u6ce2\u52a8\u73af\u5883\u3002\u201d<\/p>\n<p>\u745e\u94f6\u8ba4\u4e3a\uff0c<strong>\u6f5c\u5728\u7684\u5173\u7a0e\u5347\u7ea7\u5c06\u5bfc\u81f4\u7f8e\u8054\u50a8\u91c7\u53d6\u66f4\u5bbd\u677e\u7684\u653f\u7b56<\/strong>\uff0c\u5e76\u4f7f\u5176\u653f\u7b56\u66f4\u5177\u786e\u5b9a\u6027\uff0c\u4ece\u800c\u964d\u4f4e\u503a\u5238\u6ce2\u52a8\u6027\u3002\u8be5\u516c\u53f8\u5efa\u8bae\u6295\u8d44\u8005\u901a\u8fc7\u5356\u51faiShares 20\u5e74\u671f\u4ee5\u4e0a\u7f8e\u56fd\u56fd\u503aETF\u878d\u8d44\uff0c\u5e76\u4ee5\u6b64\u5efa\u7acb6\u6708\u5230\u671f\u7684\u6807\u666e500\u6307\u6570\u8de8\u5f0f\u671f\u6743\u3002<\/p>\n<p>\u6cd5\u56fd\u5174\u4e1a\u94f6\u884c\u7684\u7b56\u7565\u5e08\u4e5f\u540c\u6837\u8ba4\u4e3a\uff0c\u6ce2\u52a8\u6027\u4e0b\u964d\u7684\u7a7a\u95f4\u6b63\u5728\u7f29\u5c0f\u3002\u201c\u6211\u4eec\u7684\u6a21\u578b\u9884\u6d4b\uff0c<strong>2025\u5e74\u548c2026\u5e74\u6ce2\u52a8\u6027\u5c06\u4e0a\u5347<\/strong>\uff0c\u201d\u8be5\u94f6\u884c\u884d\u751f\u54c1\u7b56\u7565\u5e08Jitesh Kumar\u8868\u793a\u3002\u201c\u6211\u4eec\u5efa\u8bae\u9022\u4f4e\u505a\u591a\u6ce2\u52a8\u6027\u3002\u201d<\/p>\n<p>     <img decoding=\"async\" src=\"https:\/\/img.bitgetimg.com\/multiLang\/image\/social\/e6500d848906744492ca6822d53d035a1734390011889.png\" alt=\"2025\u5e74\u5c06\u662f\u6ce2\u52a8\u6027\u4e4b\u5e74\uff1f\u6765\u770b\u770b\u673a\u6784\u4eec\u7684\u201c\u9a9a\u64cd\u4f5c\u201d image 2\"> <\/p>\n<p>\u7f8e\u56fd\u94f6\u884c\u548c\u6469\u6839\u5927\u901a\u8868\u793a\uff0c<strong>\u5bf9\u51b2\u5927\u5e45\u629b\u552e\u98ce\u9669\u7684\u4e00\u79cd\u65b9\u6cd5\uff0c\u4e14\u8d44\u91d1\u6210\u672c\u8f83\u4f4e\uff0c\u662f\u4e70\u5165VIX\u770b\u6da8\u671f\u6743\u5e76\u5356\u51fa\u6807\u666e500\u6307\u6570\u770b\u8dcc\u671f\u6743<\/strong>\u3002\u6ce2\u52a8\u6027\u6307\u6570\u5f80\u5f80\u5bf9\u5e02\u573a\u52a8\u8361\u8fc5\u901f\u505a\u51fa\u53cd\u5e94\uff0c\u591a\u5934\u5934\u5bf8\u53ef\u4f5c\u4e3a\u7f13\u51b2\uff0c\u800c\u4ea4\u6613\u8005\u8fd8\u53ef\u4ee5\u901a\u8fc7\u4ece\u6807\u666e500\u6307\u6570\u770b\u8dcc\u671f\u6743\u4e2d\u6536\u53d6\u6ea2\u4ef7\uff0c\u4ece\u80a1\u7968\u4ef7\u683c\u4e0a\u6da8\u4e2d\u83b7\u5229\u3002<\/p>\n<p>\u6469\u6839\u5927\u901a\u548c\u7f8e\u56fd\u94f6\u884c\u90fd\u5728\u5927\u529b\u63a8\u8350\u5b9a\u5236\u7684\u4e00\u7bee\u5b50\u4ef7\u5dee\u4ea4\u6613\u3002\u7f8e\u56fd\u94f6\u884c\u6307\u51fa\uff0c\u521b\u7eaa\u5f55\u9ad8\u4f4d\u7684\u80a1\u7968\u8106\u5f31\u6027\uff08\u6216\u76f8\u5bf9\u4e8e\u5386\u53f2\u6ce2\u52a8\u800c\u8a00\u7684\u5f02\u5e38\u7a81\u7136\u7684\u6ce2\u52a8\uff09\u662f\u80a1\u5e02\u7684\u9a71\u52a8\u529b\u3002\u201c2024\u5e74\uff0c\u6807\u666e500\u6307\u6570\u4e2d\u6700\u5927\u80a1\u7968\u7684\u8106\u5f31\u6027\u51b2\u51fb\u5e45\u5ea6\u8fbe\u5230\u4e8630\u591a\u5e74\u6765\u7684\u6781\u503c\uff0c\u5982\u679c\u4eba\u5de5\u667a\u80fd\u70ed\u6f6e\u6301\u7eed\u4e0b\u53bb\uff0c\u51e0\u4e4e\u6ca1\u6709\u6d88\u9000\u7684\u8ff9\u8c61\uff0c\u201d\u5305\u62ecBenjamin Bowler\u5728\u5185\u7684\u7f8e\u56fd\u94f6\u884c\u7b56\u7565\u5e08\u5199\u9053\u3002<\/p>\n<p>\u7ee72024\u5e74\u5174\u8da3\u6fc0\u589e\u4e4b\u540e\uff0c<strong>\u8de8\u8d44\u4ea7\u4ea4\u6613\u53ef\u80fd\u57282025\u5e74\u5f00\u5e74\u4ecd\u7136\u5f88\u53d7\u6b22\u8fce<\/strong>\u3002\u6469\u6839\u5927\u901a\u91cd\u70b9\u4ecb\u7ecd\u4e86\u4e00\u79cd\u62bc\u6ce8\u6b27\u6d32\u65af\u6258\u514b50\u6307\u6570\u4e0b\u8dcc\u3001\u7f8e\u56fd10\u5e74\u671f\u6536\u76ca\u7387\u4e0a\u6da8\u7684\u53cc\u91cd\u4e8c\u5143\u671f\u6743\uff0c\u5e76\u8865\u5145\u9053\u8fd9\u7528\u4e8e\u62bc\u6ce8\u201c\u5373\u5c06\u4e0a\u4efb\u7684\u7279\u6717\u666e\u653f\u5e9c\u5728\u9a71\u9010\u975e\u6cd5\u79fb\u6c11\u3001\u5173\u7a0e\u548c\u8fd1\u5cb8\u4e1a\u52a1\u7b49\u65b9\u9762\u66f4\u6fc0\u8fdb\u5730\u6267\u884c\u7ade\u9009\u627f\u8bfa\u7684\u60c5\u51b5\u201d\u3002<\/p>\n<p>\u65b0\u52a0\u5761\u4e00\u5bb6\u89c4\u6a2135\u4ebf\u7f8e\u5143\u7684\u5bb6\u65cf\u7406\u8d22\u529e\u516c\u5ba4Lighthouse Canton\u7684\u987e\u95ee\u4e3b\u7ba1Antoine Bracq\u8868\u793a\uff0c\u201c\u6211\u4eec\u5bf9\u8f83\u9ad8\u5229\u7387\u548c\u65b0\u5173\u7a0e\u7684\u6f5c\u5728\u5f71\u54cd\u6301\u8c28\u614e\u6001\u5ea6\u3002\u867d\u7136\u98ce\u9669\u8d44\u4ea7\u53ef\u80fd\u6bd4\u9884\u671f\u4fdd\u6301\u66f4\u957f\u65f6\u95f4\u7684\u5f3a\u52b2\u52bf\u5934\uff0c\u4f46\u6211\u4eec\u73b0\u5728\u770b\u5230\u4e86\u4e00\u4e2a\u673a\u4f1a\uff0c<strong>\u53ef\u4ee5\u5229\u7528\u4f4e\u5ec9\u7684\u6ce2\u52a8\u6027\u6c34\u5e73\u6765\u4fdd\u62a4\u60a8\u7684\u80a1\u7968\u6295\u8d44<\/strong>\u3002\u201d<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u9884\u8ba12025\u5e74\u5e02\u573a\u5c06\u7ee7\u7eed\u5e73\u9759\u7684\u6295\u8d44\u8005\u5e94\u8be5\u4fdd\u6301\u8b66\u60d5\uff0c\u56e0\u4e3a\u7279\u6717\u666e\u7684\u7a0e\u6536\u548c\u5173\u7a0e\u653f\u7b56\u7684\u4e0d\u786e\u5b9a\u6027\u53ef\u80fd\u4f1a\u5f15\u53d1\u7c7b\u4f3c\u4eca\u5e748\u6708\u4efd [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-814","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=\/wp\/v2\/posts\/814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=814"}],"version-history":[{"count":0,"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=\/wp\/v2\/posts\/814\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}