{"id":11421,"date":"2024-07-22T09:23:57","date_gmt":"2024-07-22T02:23:57","guid":{"rendered":"https:\/\/www.phfm.vn\/?p=11421"},"modified":"2024-08-28T09:27:54","modified_gmt":"2024-08-28T02:27:54","slug":"lam-the-nao-de-danh-gia-hieu-qua-dau-tu-cua-cac-quy-mo-mot-cach-khach-quan","status":"publish","type":"post","link":"https:\/\/www.phfm.vn\/zh\/lam-the-nao-de-danh-gia-hieu-qua-dau-tu-cua-cac-quy-mo-mot-cach-khach-quan\/","title":{"rendered":"\u5982\u4f55\u5ba2\u89c0\u8a55\u4f30\u5171\u540c\u57fa\u91d1\u7684\u7e3e\u6548"},"content":{"rendered":"<strong><span style=\"color: #555555;\">\u5982\u4f55\u5ba2\u89c0\u8a55\u4f30\u5171\u540c\u57fa\u91d1\u7684\u7e3e\u6548<\/span><\/strong><\/p>\n<p>\u5171\u540c\u57fa\u91d1\u5728\u8d8a\u5357\u9084\u662f\u8655\u65bc\u767c\u5c55\u7684\u65e9\u671f\uff0c\u4f46\u662f\u5728\u5176\u4ed6\u570b\u5bb6\u5df2\u7d93\u662f\u975e\u5e38\u666e\u904d\u7684\u6295\u8cc7\u5de5\u5177\uff0c\u4e00\u822c\u4eba\u9078\u64c7\u5171\u540c\u57fa\u91d1\u6642\u4e3b\u8981\u8003\u91cf\u662f\u5831\u916c\u7387\uff0c\u4f46\u662f\u9664\u4e86\u5831\u916c\u7387\u4ee5\u5916\u9084\u6709\u8a31\u591a\u9700\u8981\u8003\u616e\u7684\u56e0\u7d20\u3002\u4ee5\u4e0b\u5c31\u4ee5PHVSF\u904e\u53bb\u4e00\u5e74*\u7684\u7e3e\u6548\u505a\u70ba\u4f8b\u5b50\u89e3\u91cb\u8a55\u91cf\u5171\u540c\u57fa\u91d1\u7684\u8003\u616e\u56e0\u7d20\u3002<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-11569\" src=\"https:\/\/www.phfm.vn\/wp-content\/uploads\/Screenshot-2024-08-23-104511.png\" alt=\"\" width=\"500\" height=\"157\" \/><\/p>\n<p>&nbsp;<\/p>\n<ol>\n<li><strong>\u8d85\u984d\u5831\u916c<\/strong><strong>(<\/strong>\u221d<strong>):<\/strong> \u9996\u5148\u6211\u5011\u8981\u5148\u4e86\u89e3\u5171\u540c\u57fa\u91d1\u7684\u6295\u8cc7\u76ee\u6a19\uff0c\u5171\u540c\u57fa\u91d1\u662f\u4e3b\u52d5\u6295\u8cc7\uff0c\u57fa\u91d1\u7d93\u7406\u900f\u904e\u9078\u64c7\u8207\u6307\u6578\u4e0d\u540c\u7684\u8b49\u5238\u9054\u5230\u6bd4\u6307\u6578\u66f4\u597d\u7684\u5831\u916c\u3002\u8207\u6642\u4e0b\u6d41\u884c\u7684ETF\u975e\u5e38\u4e0d\u540c\uff0cETF\u7684\u76ee\u6a19\u662f\u8907\u88fd\u6307\u6578\uff0c\u56e0\u70ba\u53ea\u6703\u6295\u8cc7\u6307\u6578\u7684\u6210\u5206\u8b49\u5238\uff0c\u4e0d\u8003\u616e\u90a3\u652f\u8b49\u5238\u7684\u57fa\u672c\u9762\u597d\u6216\u58de\u3002\u6240\u4ee5\u8861\u91cf\u5171\u540c\u57fa\u91d1\u7e3e\u6548\u9996\u91cd\u662f\u5176\u662f\u5426\u80fd\u7522\u751f\u512a\u65bc\u6307\u6578\u7684\u5831\u916c\u7387\uff0c\u4e5f\u5c31\u662f\u5e0c\u81d8\u5b57\u6bcda\u6240\u4ee3\u8868\u7684\u8d85\u984d\u5831\u916c\u3002PHVSF\u7684\u221d\u662f18%\uff0c\u4ee3\u8868\u5176\u5831\u916c\u591a\u51fa\u53c3\u8003\u6307\u6a19(VN Index) 9.18\u500b\u767e\u5206\u9ede\u3002<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<ol start=\"2\">\n<li><strong>\u6ce2\u52d5\u7387<\/strong><strong>(\u03c3):<\/strong> \u6ce2\u52d5\u7387\u4ee3\u8868\u6295\u8cc7\u5546\u54c1\u50f9\u683c\u8b8a\u52d5\u5e45\u5ea6\u7684\u6307\u6a19\uff0c\u5728\u7d71\u8a08\u5b78\u4e0a\u7a31\u70ba\u6a19\u6e96\u5dee\uff0c\u9019\u5728\u6295\u8cc7\u4e0a\u662f\u500b\u5f88\u91cd\u8981\u7684\u89c0\u5ff5\uff0c\u56e0\u70ba\u5b83\u4ee3\u8868\u6295\u8cc7\u4eba\u70ba\u4e86\u53d6\u5f97\u6295\u8cc7\u5831\u916c\u6240\u5192\u7684\u98a8\u96aa\u3002\u6ce2\u52d5\u7387\u8d8a\u9ad8\uff0c\u6295\u8cc7\u98a8\u96aa\u8d8a\u9ad8\u3002PHVSF\u7684\u4e00\u5e74\u6ce2\u52d5\u7387\u70ba18%\uff0c\u9ad8\u65bcVN Index\u76847%\uff0c\u9019\u4ee3\u8868\u57fa\u91d1\u50f9\u683c\u7684\u8b8a\u52d5\u5e45\u5ea6\u9ad8\u65bc\u53c3\u8003\u6307\u6a19\u3002VN Index\u7684\u6ce2\u52d5\u5ea6\u6bd4\u5e02\u5834\u4e0a\u5927\u90e8\u5206\u7684\u80a1\u7968\u4f4e\uff0c\u800c\u4e14\u662f\u4f4e\u5f88\u591a\uff0c\u5728\u6211\u5011\u7684\u53ef\u6295\u8cc7\u80a1\u7968\u6c60**\u4e2d\uff0c98%\u7684\u80a1\u7968\u6ce2\u52d5\u7387\u90fd\u9ad8\u65bcVN Index\uff0c\u9019\u548c\u5176\u4ed6\u570b\u5bb6\u6bd4\u975e\u5e38\u4e0d\u540c\u3002\u6709\u4e8c\u500b\u53ef\u80fd\u7684\u539f\u56e0\u9020\u6210\u6307\u6578\u7684\u4f4e\u6ce2\u52d5\u7387: 1) VN Index\u4e2d\u8d85\u904e400\u6a94\u80a1\u7968\uff0c\u56e0\u6b64\u98a8\u96aa\u88ab\u5927\u5e45\u5206\u6563\u4e86\uff0c\u4f46\u9019\u4e5f\u6c92\u6cd5\u89e3\u91cb\u70ba\u4f55VN Index\u7684\u6ce2\u52d5\u7387\u4f4e\u65bc\u5e02\u5834\u4e0a\u7d55\u5927\u90e8\u5206\u7684\u80a1\u7968\uff1b2) VN Index\u7684\u6210\u5206\u80a1\u4e2d\u5f88\u591a\u6d41\u52d5\u6027\u4e0d\u4f73\uff0c\u56e0\u70ba\u4ea4\u6613\u5f88\u7a00\u5c11\uff0c\u80a1\u50f9\u4e0d\u6703\u52d5\uff0c\u6240\u4ee5\u6ce2\u52d5\u7387\u4f4e\u3002\u5171\u540c\u57fa\u91d1\u7684\u6301\u80a1\u9700\u8981\u5177\u6709\u4e00\u5b9a\u7684\u6d41\u52d5\u6027\uff0c\u6211\u5011\u4e0d\u6703\u6295\u6d41\u52d5\u6027\u592a\u4f4e\u7684\u80a1\u7968\uff0c\u5728\u6211\u5011\u53ef\u6295\u8cc7\u7684\u80a1\u7968\u6c60\u4e2d\u7684\u6a19\u7684\u6709\u6700\u4f4e\u6d41\u52d5\u6027\u7684\u6a19\u6e96\uff0c\u6240\u4ee5PHVSF\u7684\u6301\u80a1\u6ce2\u52d5\u7387\u9ad8\u65bc\u6307\u6578\u3002<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<ol start=\"3\">\n<li><strong>\u8c9d\u4ed6\u503c(\u03b2<\/strong><strong>):<\/strong> \u03b2\u548c\u6ce2\u52d5\u7387\u90fd\u662f\u8a55\u4f30\u6295\u8cc7\u5546\u54c1\u98a8\u96aa\u7684\u6307\u6a19\uff0c\u6ce2\u52d5\u7387\u662f\u8861\u91cf\u6295\u8cc7\u5546\u54c1\u6574\u9ad4\u7684\u98a8\u96aa\uff0c\u03b2\u662f\u8861\u91cf\u6295\u8cc7\u5546\u54c1\u5c0d\u6574\u9ad4\u5e02\u5834\u98a8\u96aa\u7684\u654f\u611f\u5ea6\uff0c\u4e5f\u5c31\u662f\u5c0d\u7e3d\u9ad4\u74b0\u5883\u7684\u654f\u611f\u5ea6\u3002\u901a\u5e38\u6703\u5c07\u4e00\u570b\u7684\u4e3b\u8981\u80a1\u50f9\u6307\u6578\u7684b\u8a2d\u70ba1\u4ee5\u6b64\u8a08\u7b97\u8a72\u570b\u6295\u8cc7\u5546\u54c1\u7684b\u3002\u5982\u679c\u03b2\u5927\u65bc1\uff0c\u4ee3\u8868\u8a72\u5546\u54c1\u5c0d\u65bc\u7e3d\u9ad4\u56e0\u7d20\u7684\u76f8\u5c0d\u654f\u611f\u5ea6\u9ad8\uff0c\u4f4e\u65bc1\u4ee3\u8868\u8a72\u5546\u54c1\u5c0d\u7e3d\u9ad4\u56e0\u7d20\u7684\u76f8\u5c0d\u654f\u611f\u5ea6\u4f4e\u3002PHVSF\u7684\u03b2\u662f59\uff0c\u9019\u4ee3\u8868\u8a72\u57fa\u91d1\u5c0d\u5e02\u5834\u56e0\u7d20\u7684\u654f\u611f\u5ea6\u4f4e\u65bc\u6307\u6578\u3002<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<ol start=\"4\">\n<li><strong>\u590f\u666e\u6bd4\u7387(Sharpe Ratio, SR):<\/strong> SR\u662f\u8861\u91cf\u8abf\u6574\u98a8\u96aa\u5f8c\u7684\u5831\u916c\uff0c\u610f\u601d\u662f\u6bcf\u55ae\u4f4d\u984d\u5916\u7684\u98a8\u96aa\u6240\u80fd\u53d6\u5f97\u7684\u8d85\u984d\u5831\u916c\u6bd4\u7387 (\u8d85\u984d\u5831\u916c \/ \u98a8\u96aa)\u3002\u9019\u908a\u7684\u8d85\u984d\u5831\u916c\u662f\u6307\u76f8\u5c0d\u65bc\u7121\u98a8\u96aa\u8cc7\u7522\u7684\u8d85\u984d\u5831\u916c\uff0c\u5728\u9019\u908a\u6211\u5011\u7528\u8d8a\u5357\u7684\u653f\u5e9c\u50b5\u6b96\u5229\u7387\u70ba\u8a08\u7b97\u7684\u57fa\u790e\u3002\u6240\u4ee5SR\u6307\u7684\u662f\u6295\u8cc7\u4eba\u5192\u98a8\u96aa\u80fd\u5f97\u5230\u591a\u5c11\u8d85\u904e\u7121\u98a8\u96aa\u8cc7\u7522\u7684\u5831\u916c\u3002PHVSF\u7684SR\u662f72(\u6bcf\u55ae\u4f4d\u98a8\u96aa\u7372\u5f970.72\u5831\u916c)\uff0c\u6307\u6578\u662f0.4(\u6bcf\u55ae\u4f4d\u98a8\u96aa\u7372\u5f970.4\u5831\u916c)\uff0c\u4ee3\u8868\u6295\u8cc7PHVSF\u96d6\u7136\u5192\u4e86\u6bd4\u8f03\u5927\u7684\u98a8\u96aa(\u6ce2\u52d5\u5ea6\u9ad8\u65bc\u6307\u6578)\uff0c\u4f46\u4e5f\u80fd\u5f97\u5230\u66f4\u9ad8\u7684\u8abf\u6574\u98a8\u96aa\u5f8c\u5831\u916c\u3002<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<ol start=\"5\">\n<li><strong>Information Ratio (IR):<\/strong> IR\u548cSR\u4e00\u6a23\u90fd\u662f\u8a55\u4f30\u98a8\u96aa\u8abf\u6574\u5f8c\u7684\u5831\u916c\uff0c\u53ea\u662fIR\u6240\u8b02\u7684\u8d85\u984d\u5831\u916c\u662f\u76f8\u5c0d\u65bc\u5171\u540c\u57fa\u91d1\u7684\u53c3\u8003\u6307\u6a19\uff0c\u6240\u4ee5IR\u662f\u5426\u662f\u6b63\u6578\u662f\u8a55\u4f30\u4e3b\u52d5\u6295\u8cc7\u5f88\u91cd\u8981\u7684\u6a19\u6e96\u3002PHVSF\u7684IR\u662f39\uff0c\u4ee3\u8868\u8a72\u57fa\u91d1\u6301\u80a1\u504f\u96e2\u6307\u6578\uff0c\u4f46\u662f\u80fd\u7522\u751f\u8d85\u8d8a\u6307\u6578\u7684\u5831\u916c\uff0c\u6295\u8cc7\u4eba\u6240\u5192\u7684\u4e3b\u52d5\u9078\u80a1\u98a8\u96aa\u7372\u5f97\u4e86\u8d85\u904e\u6307\u6578\u7684\u5831\u916c\u3002<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<p>\u6211\u5011\u60f3\u8981\u5f37\u8abf\u7684\u662f\u9078\u64c7\u5171\u540c\u57fa\u91d1\u4e0d\u80fd\u53ea\u770b\u5831\u916c\uff0c\u4e5f\u8981\u770b\u5176\u76f8\u5c0d\u65bc\u6307\u6578\u7684\u8868\u73fe\u4ee5\u53ca\u8003\u91cf\u98a8\u96aa\u5f8c\u662f\u5426\u503c\u5f97\u6295\u8cc7\uff0c\u4ee5\u4e0a\u9019\u4e9b\u6307\u6a19\u53ef\u4ee5\u63d0\u4f9b\u6295\u8cc7\u8f03\u70ba\u5ba2\u89c0\u7684\u8a55\u4f30\u6a19\u6e96\u3002<\/p>\n<p>&nbsp;<\/p>\n<p>*PHVSF\u65bc2022\u5e7411\u6708\u767c\u884c\uff0c2023\u5e74\u4e0a\u534a\u5e74\u70ba\u6295\u8cc7\u7d44\u5408\u5efa\u7f6e\u671f\uff0c\u6240\u4ee5\u6211\u5011\u63a1\u53d62023\u5e747\u6708\u81f32024\u5e746\u6708\u7684\u7e3e\u6548\u3002<\/p>\n<p>**\u622a\u81f37\/16\/2024\u70ba\u6b62\uff0cPHVSF\u7684\u80a1\u7968\u6301\u5171\u6709163\u652f\u6a19\u7684\uff0c\u5176\u4e2d160\u652f\u80a1\u7968\u7684360\u65e5\u6ce2\u52d5\u7387\u9ad8\u65bcVN Index\u768416.09%\u3002<\/p>\n<p style=\"text-align: right;\"><strong>Source: PHFM<\/strong><\/p>\n<p>\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014-<\/p>\n<p><strong>PHU HUNG FUND MANAGEMENT JOINT STOCK COMPANY (PHFM)<\/strong><\/p>\n<p><strong>Office:<\/strong>\u00a0Unit 4, 21<sup>st<\/sup>\u00a0floor, Phu My Hung Tower, No. 8 Hoang Van Thai Street, Quarter 1, Tan Phu Ward, District 7, Ho Chi Minh City<\/p>\n<p><strong>Phone:<\/strong>\u00a0(84-28) 5413 7991<\/p>\n<p><strong>Email:<\/strong>\u00a0<a href=\"mailto:phfm@phfm.vn\">phfm@phfm.vn<\/a><\/p>\n<p><strong>Website:<\/strong>\u00a0<a href=\"http:\/\/www.phfm.vn\/\">www.phfm.vn<\/a><\/p>\n<p>&nbsp;","protected":false},"excerpt":{"rendered":"<p>\u5982\u4f55\u5ba2\u89c0\u8a55\u4f30\u5171\u540c\u57fa\u91d1\u7684\u7e3e\u6548 \u5171\u540c\u57fa\u91d1\u5728\u8d8a\u5357\u9084\u662f\u8655\u65bc\u767c\u5c55\u7684\u65e9\u671f\uff0c\u4f46\u662f\u5728\u5176\u4ed6\u570b\u5bb6\u5df2\u7d93\u662f\u975e\u5e38\u666e\u904d\u7684\u6295\u8cc7\u5de5\u5177\uff0c\u4e00\u822c\u4eba\u9078&#8230;<\/p>\n","protected":false},"author":10,"featured_media":11425,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[103,107],"tags":[175,173,174,176,177,178],"_links":{"self":[{"href":"https:\/\/www.phfm.vn\/zh\/wp-json\/wp\/v2\/posts\/11421"}],"collection":[{"href":"https:\/\/www.phfm.vn\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.phfm.vn\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.phfm.vn\/zh\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.phfm.vn\/zh\/wp-json\/wp\/v2\/comments?post=11421"}],"version-history":[{"count":8,"href":"https:\/\/www.phfm.vn\/zh\/wp-json\/wp\/v2\/posts\/11421\/revisions"}],"predecessor-version":[{"id":11591,"href":"https:\/\/www.phfm.vn\/zh\/wp-json\/wp\/v2\/posts\/11421\/revisions\/11591"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.phfm.vn\/zh\/wp-json\/wp\/v2\/media\/11425"}],"wp:attachment":[{"href":"https:\/\/www.phfm.vn\/zh\/wp-json\/wp\/v2\/media?parent=11421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.phfm.vn\/zh\/wp-json\/wp\/v2\/categories?post=11421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.phfm.vn\/zh\/wp-json\/wp\/v2\/tags?post=11421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}