{"id":4029,"date":"2024-09-19T03:04:58","date_gmt":"2024-09-19T08:04:58","guid":{"rendered":"https:\/\/diaomao.cc\/?p=4029"},"modified":"2024-09-19T03:05:07","modified_gmt":"2024-09-19T08:05:07","slug":"%e6%9c%89%e4%b8%80%e5%8f%aa%e6%9c%ba%e5%99%a8%e4%ba%ba%e6%b2%83%e4%bc%a6%c2%b7%e5%b7%b4%e8%8f%b2%e7%89%b9-etf","status":"publish","type":"post","link":"https:\/\/diaomao.cc\/?p=4029","title":{"rendered":"\u6709\u4e00\u53ea\u673a\u5668\u4eba\u6c83\u4f26\u00b7\u5df4\u83f2\u7279 ETF"},"content":{"rendered":"\n

<\/p>\n\n\n\n

\u6c83\u4f26\u00b7\u5df4\u83f2\u7279<\/h3>\n\n\n\n

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    \n
  1. \u60a8\u5c06\u6240\u6709\u5b57\u6bcd\u8f93\u5165 ChatGPT\u3002<\/li>\n\n\n\n
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  3. \u5b83\u6311\u9009\u5df4\u83f2\u7279\u4f1a<\/em>\u9009\u62e9\u7684\u80a1\u7968\uff0c\u5e76\u6309\u7167\u5df4\u83f2\u7279\u7684\u65b9\u5f0f\u64b0\u5199\u6295\u8d44\u8bba\u6587\u3002<\/li>\n\n\n\n
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    \u53cd\u6b63\uff01<\/p>\n\n\n\n

    \u91d1\u878d\u79d1\u6280\u521d\u521b\u516c\u53f8 Intelligent Alpha \u6b63\u5728\u63a8\u51fa\u4e00\u6b3e\u7531\u804a\u5929\u673a\u5668\u4eba\u9a71\u52a8\u7684 ETF\uff0c\u8be5\u57fa\u91d1\u627f\u8bfa\u5229\u7528\u6295\u8d44\u754c\u6700\u6770\u51fa\u7684\u5934\u8111\u2014\u2014\u6c83\u4f26\u00b7\u5df4\u83f2\u7279\u3001\u65af\u5766\u5229\u00b7\u5fb7\u9c81\u80af\u7c73\u52d2\u3001\u5927\u536b\u00b7\u6cf0\u73c0\u7b49\u2014\u2014\u7684\u667a\u6167\u3002<\/strong><\/p>\n\n\n\n

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    \u5206\u6790\u5e08\u6536\u96c6\u6b65\u9aa4 1 \u4e2d\u63d0\u51fa\u7684\u8be6\u7ec6\u4fe1\u606f\u3001\u4fe1\u606f\u548c\u7406\u5ff5\uff0c\u5e76\u5c06\u5176\u8f6c\u6362\u4e3a\u6307\u4ee4\u96c6\uff0c\u63d0\u4ea4\u7ed9\u4e09\u4e2a\u5927\u578b\u8bed\u8a00\u6a21\u578b\uff08\u201cAI \u6a21\u578b\u201d\uff09\u4ee5\u521b\u5efa\u6295\u8d44\u7ec4\u5408\u3002\u6bcf\u4e2a AI \u6a21\u578b\u90fd\u540c\u6837\u88ab\u6307\u793a\u5ba1\u67e5\u6570\u636e\u548c\u6307\u4ee4\uff0c\u4ee5\u521b\u5efa\u4e00\u4e2a\u6700\u591a 20-30 \u53ea\u80a1\u7968\u7684\u6295\u8d44\u7ec4\u5408\uff0c\u5305\u62ec\u6bcf\u4e2a\u5934\u5bf8\u7684\u6743\u91cd\u3002AI \u6a21\u578b\u88ab\u6307\u793a\u5c06\u4efb\u4f55\u6301\u80a1\u7684\u6700\u5927\u6743\u91cd\u9650\u5236\u4e3a 10%\u3002\u6bcf\u4e2a AI \u6a21\u578b\u5728\u521b\u5efa\u5176\u6295\u8d44\u7ec4\u5408\u65f6\u90fd\u6709\u81ea\u5df1\u7684\u5224\u65ad\u529b\uff0c\u5206\u6790\u5e08\u5c06\u5728\u6b65\u9aa4 3 \u4e2d\u5bf9\u5176\u8fdb\u884c\u5ba1\u67e5\u3002AI \u6a21\u578b\u4ee3\u8868\u57fa\u91d1\u7684 AI \u6295\u8d44\u59d4\u5458\u4f1a\uff0cAI \u6a21\u578b\u6839\u636e\u6bcf\u4e2a AI \u6a21\u578b\u5bf9\u63d0\u4f9b\u7ed9\u5b83\u7684\u6307\u4ee4\u7684\u72ec\u7acb\u8bc4\u4f30\u63d0\u4f9b\u5176\u72ec\u7acb\u521b\u5efa\u7684\u6295\u8d44\u7ec4\u5408\u3002<\/p>\n\n\n\n

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      \n
    1. \u6709\u5927\u91cf\u7684\u6570\u636e\u3002<\/li>\n\n\n\n
    2. \u4eba\u7c7b\u5728\u5904\u7406\u8fd9\u4e2a\u95ee\u9898\u65f6\u6709\u7740\u4f17\u6240\u5468\u77e5\u7684\u5f31\u70b9\u2014\u2014\u6709\u9650\u7684\u8bb0\u5fc6\u548c\u5904\u7406\u80fd\u529b\u3001\u60c5\u7eea\u3001\u504f\u89c1\u3001\u5348\u4f11\u2014\u2014\u800c\u8ba1\u7b97\u673a\u53ef\u4ee5\u907f\u514d\u8fd9\u4e9b\u5f31\u70b9\u3002<\/li>\n\n\n\n
    3. \u65e0\u8bba\u5982\u4f55\uff0c\u4e00\u5207\u90fd\u662f\u5728\u8ba1\u7b97\u673a\u4e0a\u53d1\u751f\u7684\u3002\u4f60\u4e0d\u5fc5\u50cf\u5728\u81ea\u52a8\u9a7e\u9a76\u6c7d\u8f66\u4e2d\u90a3\u6837\u907f\u5f00\u884c\u4eba\uff1b\u4f60\u53ea\u9700\u751f\u6210\u4e70\u5356\u8ba2\u5355\uff0c\u7136\u540e\u7531\u8ba1\u7b97\u673a\u5c06\u5176\u53d1\u9001\u5230\u4ea4\u6613\u6240\u7684\u5339\u914d\u5f15\u64ce\u3002<\/li>\n\n\n\n
    4. \u5982\u679c\u4f60\u505a\u5bf9\u4e86\uff0c\u4f60\u5c31\u4f1a\u8d5a\u5f88\u591a\u94b1\u3002<\/li>\n<\/ol>\n\n\n\n

      \u5f53\u4f60\u628a\u8fd9\u4e9b\u56e0\u7d20\u7efc\u5408\u8d77\u6765\uff0c\u4f60\u5c31\u4f1a\u81ea\u7136\u800c\u7136\u5730\u60f3\u5230\uff1a\u201c\u662f\u7684\uff0c\u6211\u8981\u5236\u9020\u4e00\u4e2a\u6bd4\u4eba\u7c7b\u66f4\u4f18\u79c0\u7684\u673a\u5668\u4eba\uff0c\u5b83\u6bd4\u4eba\u7c7b\u66f4\u7406\u6027\u3001\u66f4\u6709\u903b\u8f91\u3001\u66f4\u4ee5\u6570\u636e\u4e3a\u5bfc\u5411\u3001\u66f4\u7cbe\u4e8e\u8ba1\u7b97\uff0c\u5b83\u80fd\u53d1\u73b0\u4eba\u4eec\u9519\u8fc7\u7684\u4fe1\u53f7\uff0c\u5b83\u80fd\u505a\u5230\u4eba\u7c7b\u6295\u8d44\u8005\u505a\u4e0d\u5230\u7684\u4e8b\u60c5\u3002\u201d\u4f60\u7684\u8ba1\u7b97\u673a\u83b7\u53d6\u91d1\u878d\u5e02\u573a\u7684\u539f\u59cb\u4fe1\u606f\uff0c\u5e76\u5c06\u5176\u8f6c\u5316\u4e3a\u8d2d\u4e70\u4fe1\u53f7\uff0c\u6446\u8131\u4eba\u7c7b\u667a\u80fd\u7684\u504f\u89c1\u548c\u5f31\u70b9\u3002<\/p>\n\n\n\n

      \u8fd9\u4e0d\u662f\uff01\u8fd9\u662f\u53e6\u4e00\u79cd\u66f4\u4ee4\u4eba\u5bbd\u6170\u7684\u65b9\u6cd5\uff1a\u201c\u6beb\u65e0\u7591\u95ee\uff0c\u6ca1\u6709\u54ea\u53f0\u8ba1\u7b97\u673a\u80fd\u591f\u6bd4\u5965\u9a6c\u54c8\u7684\u4e00\u4f4d 94 \u5c81\u8001\u4eba\u6216 80 \u5e74\u524d\u53bb\u4e16\u7684\u4e00\u4f4d\u8ff7\u4eba\u800c\u53c8\u6dd8\u6c14\u7684\u65e5\u5185\u4ea4\u6613\u5458\u66f4\u5584\u4e8e\u89e3\u8bfb\u5e02\u573a\u7cbe\u795e\uff0c\u6240\u4ee5\u6211\u4eec\u9700\u8981\u505a\u7684\u662f\u7f16\u5199\u7a0b\u5e8f\u8ba9\u8ba1\u7b97\u673a\u50cf\u8fd9\u4e9b\u4eba\u4e00\u6837\u601d\u8003\u3002\u201d<\/p>\n\n\n\n

      \u5982\u679c\u6295\u8d44\u673a\u5668\u4eba\u80fd\u505a\u7684\u6700\u597d\u7684\u4e8b\u60c5\u5c31\u662f\u6a21\u4eff\u90a3\u4e9b\u4eba\uff0c\u90a3\u610f\u5473\u7740\u4ec0\u4e48\uff1f\u5982\u679c\u6a21\u4eff\u90a3\u4e9b\u4eba\u6bd4\u76f4\u63a5\u5c06\u4eba\u5de5\u667a\u80fd\u5e94\u7528\u4e8e\u5e02\u573a\u6570\u636e\u66f4\u5bb9\u6613\uff0c\u90a3\u610f\u5473\u7740\u4ec0\u4e48\uff1f\u201c\u4eba\u7c7b\u5728\u6295\u8d44\u65b9\u9762\u6bd4\u673a\u5668\u66f4\u597d\uff0c\u4f46\u4eba\u7c7b\u5f88\u5bb9\u6613\u6ca6\u4e3a\u673a\u5668\u201d\uff1f\u6211\u4e0d\u77e5\u9053\uff0c\u6211\u559c\u6b22\u5b83\u3002<\/p>\n\n\n\n

      \u53f2\u8482\u592b\u00b7\u79d1\u6069<\/h3>\n\n\n\n

      \u53f2\u8482\u592b\u00b7\u79d1\u6069\u662f\u4ec0\u4e48\u4eba\uff1f\u4e0e\u5176\u4ed6\u5927\u578b\u591a\u7ecf\u7406\u5bf9\u51b2\u57fa\u91d1\u7684\u521b\u59cb\u4eba\u4e00\u6837\uff0c\u4f60\u53ef\u4ee5\u8bb2\u8ff0\u8fd9\u6837\u4e00\u4e2a\u57fa\u672c\u6545\u4e8b\uff1a<\/p>\n\n\n\n

        \n
      1. \u4ed6\u975e\u5e38\u64c5\u957f\u6311\u9009\u90a3\u4e9b\u80fd\u591f\u5feb\u901f\u4e0a\u6da8\u7684\u80a1\u7968\u3002<\/li>\n\n\n\n
      2. \u4ed6\u5728\u8fd9\u65b9\u9762\u975e\u5e38\u64c5\u957f\uff0c\u5e76\u7b79\u96c6\u4e86\u5927\u91cf\u8d44\u91d1\uff0c\u56e0\u6b64\u4ed6\u4e0d\u5f97\u4e0d\u96c7\u7528\u5176\u4ed6\u4eba\u4e3a\u4ed6\u6311\u9009\u80a1\u7968\uff0c\u4ee5\u7ba1\u7406\u6240\u6709\u8fd9\u4e9b\u8d44\u91d1\u3002<\/li>\n\n\n\n
      3. \u5e76\u975e\u6bcf\u4e2a\u4eba\u90fd\u80fd\u5b8c\u6210\u8fd9\u4e00\u8f6c\u53d8\uff1a\u9009\u80a1\u7684\u6280\u80fd\u4e0e\u6311\u9009\u80a1\u7968\u7684\u4eba\u7684\u6280\u80fd\u5e76\u4e0d\u76f8\u540c\u3002\u8bc6\u522b\u3001\u57f9\u8bad\u3001\u7ba1\u7406\u548c\u5411\u4f18\u79c0\u7684\u6295\u8d44\u7ec4\u5408\u7ecf\u7406\u5206\u914d\u8d44\u91d1\u4e0e\u8bc6\u522b\u4f18\u79c0\u7684\u80a1\u7968\u6709\u4e00\u4e9b\u91cd\u53e0\uff0c\u4f46\u91cd\u53e0\u5e76\u4e0d\u5b8c\u5168\uff0c\u800c\u4e14\u8bb8\u591a\u4f18\u79c0\u7684\u9009\u80a1\u8005\u4e5f\u4e0d\u4f1a\u6210\u4e3a\u591a\u7ecf\u7406\u57fa\u91d1\u7684\u4f18\u79c0\u7ecf\u7406\u548c\u5206\u914d\u8005\u3002<\/li>\n\n\n\n
      4. \u4f46\u79d1\u6069\u975e\u5e38\u6210\u529f\u5730\u5b8c\u6210\u4e86\u8fc7\u6e21\uff08\u5f53\u7136\uff0c\u4e5f\u6709\u4e00\u4e9b\u5c0f\u95ee\u9898\uff09\uff0c\u73b0\u5728\u7ba1\u7406\u7740\u4e00\u5bb6\u5de8\u578b\u516c\u53f8 Point72\uff0c\u8be5\u516c\u53f8\u62e5\u6709\u8bb8\u591a\u7ecf\u7406\u4eba\u3001\u826f\u597d\u7684\u4e1a\u7ee9\u8bb0\u5f55\uff0c\u5e76\u81f4\u529b\u4e8e\u7cbe\u5fc3\u6311\u9009\u548c\u57f9\u8bad\u7ecf\u7406\u4eba\u3002<\/li>\n<\/ol>\n\n\n\n

        \u4e00\u65b9\u9762\uff0c\u6311\u9009\u548c\u7ba1\u7406\u6295\u8d44\u7ec4\u5408\u7ecf\u7406\u4f3c\u4e4e\u6bd4\u6311\u9009\u80a1\u7968\u66f4\u6709\u5229\u53ef\u56fe\uff0c\u6760\u6746\u7387\u4e5f\u66f4\u9ad8\uff0c\u8fd9\u5c31\u662f\u4e3a\u4ec0\u4e48\u771f\u6b63\u7684\u9876\u7ea7\u5bf9\u51b2\u57fa\u91d1\u7ecf\u7406\u6700\u7ec8\u90fd\u4f1a\u9009\u62e9\u8fd9\u6837\u505a\u3002\u53e6\u4e00\u65b9\u9762\uff0c\u5982\u679c\u4f60\u56e0\u4e3a\u64c5\u957f\u6311\u9009\u80a1\u7968\u800c\u83b7\u5f97\u4e86\u8fd9\u4e2a\u804c\u4f4d\uff0c\u7136\u540e\u82b1\u4e86\u5f88\u591a\u65f6\u95f4\u4ed4\u7ec6\u8bc4\u4f30\u9009\u80a1\u8005\uff0c\u4f60\u53ef\u80fd\u4f1a\u5f97\u51fa\u8fd9\u6837\u7684\u7ed3\u8bba\uff1a\u201c\u7b49\u7b49\uff0c\u6211\u6bd4\u8fd9\u4e9b\u4eba\u66f4\u4f18\u79c0\u3002\u201d\u5927\u578b\u591a\u7ecf\u7406\u4eba\u516c\u53f8\u7684\u4e00\u4e2a\u91cd\u8981\u9650\u5236\u662f\uff0c\u6ca1\u6709\u90a3\u4e48\u591a\u4eba\u4e00\u76f4\u64c5\u957f\u6311\u9009\u80a1\u7968\uff0c\u4f46\u8001\u677f\u5c31\u662f\u5176\u4e2d\u4e4b\u4e00\u3002<\/p>\n\n\n\n

        \u56e0\u6b64\uff0c\u79d1\u6069\u957f\u671f\u4ee5\u6765\u4e5f\u4e00\u76f4\u5728\u6311\u9009\u80a1\u7968\u3002\u4f46\u73b0\u5728\u4ed6\u505c\u6b62\u4e86\uff1a<\/p>\n\n\n\n

        \u867d\u7136\u8fd9\u4f4d\u4ebf\u4e07\u5bcc\u7fc1\u5bf9\u51b2\u57fa\u91d1\u521b\u59cb\u4eba\u4ecd\u4e0e\u54c8\u91cc\u00b7\u65bd\u97e6\u8d39\u5c14 (Harry Schwefel) \u4e00\u8d77\u62c5\u4efb Point72 Asset Management \u7684\u8054\u5e2d\u9996\u5e2d\u6295\u8d44\u5b98\uff0c\u4f46\u4ed6\u4e0d\u518d\u6295\u8d44\u5ba2\u6237\u7684\u8d44\u91d1\u3002\u8be5\u516c\u53f8\u5728\u4e00\u5c01\u7535\u5b50\u90ae\u4ef6\u58f0\u660e\u4e2d\u8868\u793a\uff0c68 \u5c81\u7684\u79d1\u6069\u5c06\u4e13\u6ce8\u4e8e\u63a8\u52a8\u516c\u53f8\u7684\u53d1\u5c55\u4ee5\u53ca\u6307\u5bfc\u548c\u57f9\u517b\u4eba\u624d\u3002<\/p>\n\n\n\n

        \u4e09\u5341\u591a\u5e74\u6765\uff0c\u79d1\u6069\u4e00\u76f4\u662f\u8be5\u884c\u4e1a\u7684\u4e3b\u5bfc\u529b\u91cf\u4e4b\u4e00\uff0c\u5728\u4e00\u573a\u4ee3\u4ef7\u9ad8\u6602\u7684\u5185\u5e55\u4ea4\u6613\u4e11\u95fb\u4e4b\u540e\uff0c\u4ed6\u5c06\u81ea\u5df1\u7684\u5bf9\u51b2\u57fa\u91d1\u91cd\u5efa\u4e3a\u5168\u7403\u6700\u5927\u7684\u5bf9\u51b2\u57fa\u91d1\u4e4b\u4e00\u3002\u5c3d\u7ba1\u4ed6\u5c06\u81ea\u5df1\u7684\u516c\u53f8\u53d1\u5c55\u6210\u4e3a\u62e5\u6709 185 \u591a\u4e2a\u4ea4\u6613\u56e2\u961f\u7684\u516c\u53f8\uff0c\u5e76\u6d89\u8db3\u5176\u4ed6\u9886\u57df\uff0c\u5305\u62ec\u4ed6\u5728 2020 \u5e74\u6536\u8d2d\u7ebd\u7ea6\u5927\u90fd\u4f1a\u961f\uff0c\u4f46\u4ed6\u4ecd\u4fdd\u7559\u4e86\u4e00\u672c\u5b9a\u671f\u4ea4\u6613\u7684\u5c0f\u8d26\u672c\u3002<\/p>\n\n\n\n

        Point72 \u53d1\u8a00\u4eba\u8482\u8299\u5c3c\u00b7\u52a0\u5c14\u6587-\u79d1\u6069 (Tiffany Galvin-Cohen) \u5728\u58f0\u660e\u4e2d\u8868\u793a\uff1a\u201c\u8ba9\u53f2\u8482\u592b\u6210\u4e3a\u6211\u4eec\u6295\u8d44\u4e13\u4e1a\u4eba\u58eb\u7684\u5bfc\u5e08\u5177\u6709\u5de8\u5927\u7684\u4ef7\u503c\uff0c\u5e76\u8865\u5145\u8bf4\u4ed6\u201c\u4e00\u5982\u65e2\u5f80\u5730\u6295\u5165\u5de5\u4f5c\u201d\u3002 \u201c\u552f\u4e00\u7684\u53d8\u5316\u662f\uff0c\u4ed6\u5c06\u82b1\u66f4\u5c11\u7684\u65f6\u95f4\u5750\u5728\u7535\u8111\u5c4f\u5e55\u524d\uff0c\u82b1\u66f4\u591a\u7684\u65f6\u95f4\u4e0e\u6295\u8d44\u56e2\u961f\u5408\u4f5c\uff0c\u57f9\u517b\u516c\u53f8\u7684\u4eba\u624d\u3002\u201d<\/p>\n\n\n\n

        \u6211\u5e0c\u671b\u4ed6\u4eec\u5728\u8fc7\u53bb\u4e00\u5e74\u91cc\u6709\u4e00\u4e2a\u673a\u5668\u4eba\u8ddf\u7740\u4ed6\uff0c\u5bc6\u5207\u89c2\u5bdf\u4ed6\uff0c\u73b0\u5728\u8fd9\u4e2a\u673a\u5668\u4eba\u5c06\u63a5\u7ba1\u4ed6\u7684\u4e66\u3002<\/p>\n\n\n\n

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