涓?俊璇??革?涓婚?浜ゆ??椤跺嘲宸茶?锛?甯??洪????涓?缁╅┍??/p>

2023-05-14 15:54:00 ?ユ?锛? ?稿?????ョ簿?? 浣???锛? 涓?俊璇??哥??绌?!--jrj_final_author_end-->

????????缁?娴??ㄩ?㈢郴缁??ф?㈠????杩???娓?娆＄??杩?绋?锛?椋?杞????版??杞???瑕??堕?村????蹇?锛?涓婚?浜ゆ?????楂???缁?娴?棰???涓?淇??绋?涓????舵??т骇?╋?杩?搴兀??寮???浣?浜?甯??哄?浠风???????э?浣?涔???楂?浜?涓?缁╅┍?ㄧ??ョ??娼??ㄥ???ワ?涓婚?浜ゆ????椤跺嘲宸茶?锛?????浣?浣?涓?缁╅┍?ㄦ?垮????棣???锛????′?淇??杞?????涓哄?ㄩ?㈢??灏变?澧??夸互??淇″??㈠????杩???杩?绋?锛?褰??????剁?娴???浠锋?兼?с??婊????у???ㄧ???у??绱??ㄤ???骞存??娓?娆＄?瑙ｃ???舵?锛?????褰???缁?娴?澧??块??????冲?扮?癸?涓婚?浜ゆ???舵??х???锛?涓婚??垮?????ㄧ??婵?????寮???娑????句互??涔???????锛?甯??虹??瀛?????寮??瑰?宸叉?缁??版???达?缂轰??垮????搴???涓哄?剁害涓?灏?缁╀??″?浠锋?????х????绱?锛?浣?涓?缁╅┍?ㄧ??ョ???挎??娼??ㄥ???ュ????涓?????楂?锛?甯??烘??????涓?缁╅┍?ㄣ??

????????缁?娴??ㄩ?㈢郴缁??ф?㈠????杩???娓?娆?/STRONG>

??????杩?绋?锛?椋?杞????版??杞???瑕??堕?村????蹇?
????1锛????′?淇??杞?????涓哄?ㄩ?㈢??灏变?澧??夸互??淇″??㈠????杩???杩?绋??????′???012骞翠互?ヤ??存??骇涓?杞?????渚?缁?渚ф?归?╄?绋?涓??哥撼灏变???缁?瀵逛富??????????ぇ????锛??颁?灞??垮?寮鸿?缁?娴?杞?????绾э??ㄧЩ?ㄤ?????骞冲?扮?娴?甯兀?ㄤ?锛?2013~2015骞存???′??板??哥撼灏变?浜哄???婚??杈惧??765涓?浜猴????归?╁??句互?ヨ?妯℃??澶х??涓?骞淬??2016骞翠???渚?缁?渚ф?归?╁???讳骇?界????骞撮??锛????′?姣?骞存?板?灏变???涔?瓒?杩?800涓?锛??哥撼浜?澶ч??浠?浜ц?借??╄?涓?绂诲????冲?ㄥ????浣????骞寸???????达????′??板?灏变?浜烘?版???寮?涓???锛?2020??2021骞村??????板?灏变?245涓?浜哄??62涓?浜猴?2022骞村ぇ姒??????拌?澧??裤??????缁?????锛????′?????浠?缁???浜?4涓??????㈠???锛?浼?涓???瑕?淇??璧?浜ц??鸿〃锛?杩?娌℃??杈惧?颁富?ㄦ?╁????舵?锛?浠?涓?浜哄?????烽??瑕??堕?村?讳慨澶?瀹跺涵璧?浜ц??鸿〃??淇″?锛?寰??剧??诲??跺?ョ???㈠?杞???涓烘?璐瑰????璧??????′?????缁?慨澶?浼?甯�=?ラ?杞???搴?锛?浣???瑕??堕?达??????堕?寸???ㄧЩ锛?灞?姘?灏变???淇″?浠ュ???垮?璐㈢??跺?ラ?戒?杩?涓?姝ュソ杞???
????2锛?褰??????剁?娴???浠锋?兼?с??婊????у???ㄧ???у??绱??ㄤ???骞存??娓?娆＄?瑙ｃ??褰???缁?娴?涓??稿?杈?寮辩??棰?????互褰???浜?浠锋?兼?у??绱?锛?PPI蹇??????斤???婊????у奖??锛?姹借溅绛?澶у?娑?璐瑰????姹?琚??瀹?绋?搴﨎?????浠ュ???ㄧ???у??绱?锛?娴峰???姹?璧板急锛?????浠??涓鸿?浜???绱??ㄤ???骞村ぇ姒???浼?渚?娆″ソ杞???????宸ヤ???浠锋?奸??烘?伴?舵?杩??伙?棰?璁?PI?ㄤ?瀛ｅ害浼?瑙?搴?????锛?甯兀?ㄥ伐涓?浼?涓??ユ?跺?????╂?㈠?锛?杩?涓?姝ユ???ㄦ?垮?绋??跺??匡?涓烘?垮??╁ぇ???烘??渚?????锛??????ㄥ?烘??跨?涓???????姹????拌?芥?杞�?互??涓?骞寸???????翠骇?????板??婊???娑?璐圭?靛?锛??ㄤ???骞翠骇涓??惧?瀛???姝ュ?诲??????涔?灏?杩??ユ???癸??哄?ｆ?归??????颁?涓?浜?绉???????绱?锛?缇??藉?姘???瀹??????????跺?ュ????ㄩ???????界??褰卞??涓?宸茶?缁?涓???杞??锛?涓?瀛ｅ害????娑?璐圭?????骞寸???ㄨ?缁?涓??搴嗀?澧???杞??锛?涓?琛?6.6涓??惧???硅??.5锛?锛?浠ユ?拌?芥?姹借溅涓轰唬琛ㄧ??澶у?娑?璐瑰?????哄?ｆ???涓烘???藉?哄?ｇ???板?ㄨ?斤?4??涓??芥苯杞�
????涓婚?浜ゆ?????楂???缁?娴?棰???涓?淇?/STRONG>
????杩?绋?涓?/STRONG>???舵??т骇??/STRONG>
????1锛?褰???缁?娴?澧??块??????冲?扮?癸?涓婚?浜ゆ???舵??х?????涓?骞村????璧???????棰???????杩??跨??烘??ヨ????ㄥ?ㄧ?娴?澶???涓???锛?涓??芥?颁?灞??垮?骞朵?甯?????杩?涓?娆℃?х??寮哄?烘?甯兀?ㄧ?娴????????插??㈠?锛??跨??跺????村?惧??浜???杩??归?╁??杞?????楂??挎??澧??挎???锛????跺?╃?ㄦ?堕?村?绘?㈠??澶?????绌洪?淬???变?缂轰?寮哄ぇ??澶????烘?涓?骞查?锛??藉??缁?娴???复??涓?浠??????′?娓?杩??㈠???瑕??堕?寸?????锛?杩?????浜?琛?涓??с???ㄧ???с??浠锋?煎?ㄦ???у??绱?甯�=?ョ??缁?娴?涓?琛????????变??ㄥ勾???跺???????浠????峰?辫??э????跺?浠蜂???涓哄????锛??????ㄨ?2涓???缁?娴?澶???棰???涓?????涓?淇????杩?绋?涓???????扮??浼板?间慨姝ｅ????涔?????澶х????骞村??缁?娴?寮哄???椹变娇涓?甯??烘???????ㄧ??澶???????浠?涓?浠?娌℃????寰????崇???剁??锛????????朵?缁??????ワ????т???璧???蹇???澶辫　锛?瀵?甯???浜???杩?涓婚??ヨ??????跺?澶卞?扳????杩?绉?棰??????辫?????浜?甯??哄??涓婚??垮??璋?浠???杩?绋?锛?浣?????缁?娴?澧??块??????冲?扮?癸?杩?绉?璋?浠?杩?绋?涔??舵??х?????
????2锛?涓婚??垮?????ㄧ??婵?????寮???娑????句互??涔???AI涓婚?????涓??逛及??涓婚?????涓???互?ュ????姝ュ?ヤ???害寰?楂???娉㈠?ㄥ?澶т????洪?村???ヤ????剧???舵?锛?琛ㄧ?板?哄?稿?????垮?????ㄥ??寮???娑????瑰???杩???????锛??や?濯?澶?锛??朵?琛?涓????虹?颁?杈?澶у?搴�>????璋?锛??靛?????淇°??璁＄??哄????10?ヨ????12?ョ???洪?磋?骞?????揪??17.0锛???-11.5锛???-14.1锛?锛?浜?璁＄?????????浜哄伐?鸿?姐??澶ф?版????稿??TF浜у????璺?骞??藉??0锛?浠ヤ?????涓??逛及???ㄦ???ㄥ?濮??虹?颁??查《??杩??????界???拌薄锛?涓???涓??逛及??涓婚??稿?崇???虫补?冲????寤虹????惰????ㄤ?寮?濮??虹?版???惧???斤?????涓?氦???ョ???洪?存定璺?骞?????负-6.3锛???-7.0锛???-5.4锛?锛??惰?ETF???板??1??????姘村钩锛?澶??50ETF??????涓????剁??姘村钩锛?骞村?????ヤ富瑕??ユ?浜???3涓???骞崇???涓?琛??舵?锛???涓???富棰???害??娓╃???舵???
????杩?搴兀??寮???浣?浜?甯??哄?浠风????????/STRONG>
????浣?涔???楂?浜?涓?缁╅┍?ㄧ??ョ??娼??ㄥ????/STRONG>
????1锛?甯??虹??瀛?????寮??瑰?宸叉?缁??版???淬??4??浠ユ?ワ??????洪???板??缁х画浣?杩凤?4???板??瑙?妯′负232.2浜垮??锛??歌?浜?3??涓???43.7锛?锛?5??????2?ユ?板??瑙?妯′?涓?00.8浜垮??锛????濂借浆????缃???澶?璧???????娴???4.4浜垮??锛???户?诲勾10??浠ユ?ラ?娆″??????娴??猴?5??????2?ユ?㈠???娴???5.8浜垮??锛?浣?杈???3涓?????骞冲??姘村钩浠???杈?澶у樊璺????ㄧ己涔???缁?????烘??璧????????典?锛?A?″?????寮??瑰?宸叉?缁??版???达?娑ㄥ?浠?涓??烘????浠????炽??浠?I涓婚?涓轰?锛??烘???ュ??搴嗀?浣????垮??娑ㄥ?瓒?澶э?渚?濡?褰辫????虹??琛?涓?2023Q1???洪?????℃?渚??????3.2锛???2.4锛?锛???杩?涓?涓?????娑ㄥ??????杈?0.2??31.7锛????稿??锛???瀵间?璁惧????????佃矾????瀵间?????????淇＄?绔?????浠剁??烘????浠?澶???琛?涓?锛???杩?涓?涓?????璺?骞?????揪??1.8锛???21.1锛???15.5锛???17.4锛???涓?杩版???靛?ㄢ??涓??逛及??涓????峰?????惰??垮??PB?翠????烘????浠??村???涓??℃定骞??村ぇ锛??ㄥ???烘????浠????惰??″勾??????浠?????剁??????杩?涓ゅ???涓?杩扮?瑰??ㄦ???层??绾虹???瑁?绛??垮??涔?寮?濮??剧?般??
????2锛?缂轰??垮????搴???涓哄?剁害涓?灏?缁╀??″?浠锋?????х????绱????ㄥ??烘?????寮????????锛?琛?涓????垮?????兀??ㄧ???涓???浜?浼??????昏???涓烘??璧??????虫敞?癸????ㄨ?涓??垮??娴??ㄦ?т????瑰??锛?琛?涓???涓婚?ETF??害涓???????锛?缂轰??垮????搴???缁╀?涓??″??灏???浜哄??涓?锛?娴??ㄦ?т????跺????浠ュ?昏??负渚?锛?琛?涓???????椋??╃??褰卞??宸茶?????瀹?浠凤?????绠＄嚎蹇????╁??锛?澶?瀹跺???告????浠?骞村?濮?杩??ュ???版??锛?浣??变???绌堕?ㄦ???楂?锛?缂轰??垮????搴?锛???涓?涓????昏????璧????烘???浼???涓?锛?瀵艰?村?昏???垮???ㄥ?朵?涓婚?琚????????跺??瀹规???虹?版??宸????浣??ф??????舵??цЕ搴???寮规?朵???灏??颁釜?¤〃?拌?濂斤?????浣?楠?宸???杩?涓?姝ラ??浣?浜???璧?????涓???绉????с??
????3锛?涓?缁╅┍?ㄧ??ョ???挎??娼??ㄥ???ュ????涓?????楂???涓?浜??稿?????烘???㈤┍?ㄧ??ュ凡缁?澶辨??涓ゅ勾锛????ユ??ㄥ???ョ??姝ｄ?????楂???浠?ARP锛?Growth at a Reasonable Price锛?????浠锋?兼???胯?★?绛??ヤ负??绛剧??涓诲?ㄤ骇????019~2021骞寸????涔???锛?杩??讳袱骞磋〃?颁?杩凤??稿?充唬琛ㄦ?т骇????绱?????ョ??锛?2017骞?2??涓哄?烘??锛?浠?2021骞?????楂???168锛?涓?婊???023骞???12?ョ??35锛?锛??烘?????藉??019骞?1????姘村钩锛??翠釜??????浼板?兼场娌????ㄥ??宸插????娑???????浠??涓洪????涓婚???寮?琛????舵??х???锛????╅┍?ㄧ??绛??ユ???????拌?峰??虫敞锛?杩??讳?娈垫?堕?村?烽?ㄤ?缁╀????垮??????杩??ラ??浼般??
????涓婚?浜ゆ????椤跺嘲宸茶?
????????浣?浣?涓?缁╅┍?ㄦ?垮??
????棣???锛??昏????????淇??纭???ф??楂?????绉?锛?寤鸿??虫敞?ㄧ??娴??ㄦ?ф???瑰??绠＄嚎?????????????拌??/STRONG>锛?????澶????????板?荤???ㄦ?锛??????荤???板?哄缓??璁惧??垮??锛?浠ュ??浜т??昏???涓?缁╅┍?ㄧ??涓???????/STRONG>???舵?锛??板?缁?娴?????涓?甯�??璺???渚??舵???ㄥ勾绾у????涓荤嚎锛?????寤鸿??虫敞涓?缁╁?濮????扮????瀵间?璁惧?????淇¤?澶???淇″??锛?????寤鸿??虫敞浼?璐ㄤ?涓??烘捣锛?浠ュ???拌???哄缓???芥?棰?????娼??ㄥ??浣???????锛?寤鸿??寸?涓???骞翠?缁╂??缁?慨澶????垮??甯?灞?锛?渚?濡??拌?芥?涓??????点?????垫々????浼???????椋???/STRONG>锛??ㄦ???垮??涓????ょ????娌规????靛????澶х?煎??锛?澶ф?璐规?垮??涓???瀹剁?点??绾虹???瑁????????堕?????涓?????/STRONG>??
????椋??╁??绱?
????????褰卞??瓒?棰???锛?涓??绉?????璐告????????棰????╂?兀???э??藉???跨???缁?娴?澶???杩?搴�????棰???锛?娴峰??澶?瀹?瑙?娴??ㄦ?ц?棰????剁揣锛?淇?涔??茬?杩?涓?姝ュ??绾с??

?抽?????璇伙? ?″?

璐ｄ换缂?杈?锛???寒

绮惧僵?ㄨ??

??杞芥?村?
宸茬??板?浜?

?ㄩ?ㄨ?璁

?轰????

涓?瀛ｅ害?╂鼎?存定31??锛?杩?涓?琛?涓?浜у??杩?缁?定浠凤???杩??ヤ?缁╃??????

2024浜?涓?妗ｆ?扮??棰???エ?跨?翠嚎锛?琛?涓????搴兀??涓?锛?AI+瑙?棰?涓轰?骞撮???规?瑰??

???板?瑙ｉ?ゅ??规????绂???绂?琛????讹?浜т??剧?稿?虫??????????缁?????

?剁??芥????捐????锛??版??姹?瑗块?瀵???浠?寰风???扮?句嚎璞??

姹借溅浠ユ?ф?㈡?扮????虹??锛??跨?瑕???绾?800涓?杈?瀛???涔??ㄨ溅

?烘???垫?????杩?杩?锛??垫?浼?涓????浣?绌哄??猴?瀹?缇?濂???eVTOL甯??洪??姹?

涓?俊璇??革?涓婚?浜ゆ??椤跺嘲宸茶?锛?甯??洪????涓?缁╅┍??/p>

??浜??板井淇?/h3>