股债配置策略
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每日钉一下(再平衡策略,为什么被称为投资领域的免费午餐?)
银行螺丝钉· 2025-12-20 14:02
文 | 银行螺丝钉 (转载请注明出处) 想要获取这个课程,可以添加下方「课程小助手」,回复「 指数基金 」领取哦~ 更有课程笔记、思维导图,帮您快速搞懂课程脉络,学习更高效。 很多投资者都是从投资指数基金开始自己的投资之路的。 但是怎样投资指数基金,才能获得好收益? 这里有一门限时免费的福利课程,介绍了指数基金的投资技巧。 ◆◆◆ urnel 银行螺丝钉 #螺丝钉小知识 再平衡策略,为什么被称为投资 领域的免费午餐? 每一种股债配置策略,都会涉及到一个 问题:股票和债券涨跌是不同步的, 开始分配好比例,后面总会发生变化。 比如,一开始,50%的资金投入品种A, 50%的资金投入品种B。A和B的涨跌并 不同步,一段时间后A上涨比较多,比例 就超过50%了。 那如何重新调整比例,这就是再平衡。 再平衡策略的好处,之前有人研究过, 而且是一位非常出名的大师,就是信息 论的创始人香农。 香农是近代历史上数一数二的科学家, 以一己之力研究出了信息论,进而推动 现代的通信、计算机、互联网等一系列 信息科技的出现,同时他对投资非常感 兴趣。 1966-1971年,香农在麻省理工学院做 过几次投资的公开讲座,主题就是利用 股 ...
“服务长期资金 共话债市惠民” 上海证券报联合上交所、鹏扬基金共同举办债券ETF发展研讨会
Sou Hu Cai Jing· 2025-08-25 15:46
Core Viewpoint - The seminar focused on the development of bond ETFs and their role in serving long-term capital, highlighting the importance of innovation and collaboration among financial institutions to enhance the bond market ecosystem [1][4][5]. Group 1: Seminar Overview - The seminar was co-hosted by Shanghai Securities News, Shanghai Stock Exchange, and Pengyang Fund, featuring speeches from industry experts and a roundtable discussion with nearly 200 attendees from various financial sectors [1][4]. - The event showcased the achievements in the ETF market under the backdrop of institutional improvements, product innovations, and market expansion, particularly emphasizing the performance of 30-year government bond ETFs [4][5]. Group 2: ETF Market Insights - Pengyang Fund's General Manager highlighted the strong vitality of ETFs due to their innovative spirit, distinctive tool characteristics, and compatibility with various asset classes, including stocks, bonds, commodities, and gold [4]. - The ETF market in China has surpassed 4.8 trillion yuan, indicating a significant shift towards quality over quantity in the A-share market, with a growing preference for hard technology enterprises [6][7]. Group 3: Future Trends and Strategies - The Shanghai Stock Exchange aims to enhance investor service quality and support the development of the ETF ecosystem, which is crucial for the coordination of investment and financing [7][8]. - The bond ETF market is expected to continue evolving, with a focus on improving liquidity and trading depth, as well as expanding the product system to meet diverse investor needs [9][14]. Group 4: Institutional Perspectives - Institutional investors are increasingly utilizing bond ETFs for their liquidity and trading depth, with expectations for further enhancements in product offerings [14]. - The development of personalized bond ETFs tailored to pension products is seen as a way to better meet the financial investment needs of the public [10].